Monetary Policy
ECB's Issing: Unlikely HICP below 2% by end 2001
GERMANY - European Central Bank Chief Economist and Executive Board member Otmar Issing said Monday 15 October that third quarter euro-zone growth figures to be published by Eurostat in December aren't likely to be encouraging.
Deadline passes for banks to meet new rules
BRAZIL - Last Friday 12 October saw the passage of the deadline for banks to meet the decision of the National Monetary Council (CMN), taken at its last meeting, demanding that the institutions have more equity to meet operations with foreign exchange…
BOE Oct minutes: MPC voted 8-1 to cut repo rate
UK - The Bank of England's Monetary Policy Committee voted 8-1 to cut the repo rate by a quarter percentage point to 4.5% in October, just weeks after it had cut rates by an equal amount in a 7-2 vote, according to minutes of those meetings released…
Discussion paper from the Bank of England
RESEARCH - Bank of England External MPC Unit Discussion Paper No.6 by Nicoletta Batini and Edward Nelson, October 2001, Friedman Revisited.
Discussion paper from the Bank of England
RESEARCH - Bank of England External MPC Unit Discussion Paper No.5 by Bennett T. McCallum and Edward Nelson, October 2001, Monetary Policy for an Open Economy.
Bank of Japan Monthly Economic Report
MONTHLY REPORT - The Bank of Japan today published its regular Monthly Report of Recent Economic and Financial Developments, October 2001.
Speech by Lars Heikensten of Sweden's central bank
SPEECH - Speech by First Deputy Governor of Sveriges Riksbank, Sweden's central bank, Lars Heikensten at the Swedish Taxpayers Association, 80th anniversary, Stockholm International Fair, 4 October.
Sharp fall in UK inflation revealed
UK - The headline rate of UK inflation, which includes mortgage interest payments, fell last month by 0.4 of a percentage point to 1.7%.
Bank of Japan issues grim outlook
JAPAN - The Bank of Japan, as widely expected, downgraded its assessment of the economy, citing a continued tumble in output and exports, deteriorating job and income conditions, and an increasingly bleak economic outlook following the 11 September…
Japan's central bank warns on economy
JAPAN - The Bank of Japan has warned that the country's economy is facing "more severe" adjustments, with the "terrorist attacks in the US... further [heightening] uncertainty".
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer of the Federal Reserve Board at the 52nd International Atlantic Economic Conference, Philadelphia, Pennsylvania, 12 October.
Japan's policy board keep monetary policy same
JAPAN - The Bank of Japan's policy board voted Friday 12 October to keep monetary policy unchanged, brushing aside mounting domestic and international pressure for the BOJ to flood the banking system with more cash to help support the sagging economy.
Noyer: E european c banks should aim for growth
POLAND - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said in a speech on Monday 15 October.
Fed's Meyer says attacks raise surplus doubts
US - Federal Reserve Gov. Laurence Meyer said in a speech on Friday 12 October the 11 September attacks on U.S. financial and military landmarks have raised sharply uncertainties about future federal budget surpluses.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Board Chairman Alan Greenspan at the Federal Reserve Bank of St. Louis, Economic Policy Conference, St. Louis, Missouri (via videoconference), 11 October.
Speech by Eva Srejber of Sweden's central bank
SPEECH - Speech by Second Deputy Governor Eva Srejber of the Sveriges Riksbank, Sweden's central bank, at Fars & Frosta Sparbank AB, 25 September.
Speech by David Klein of Israel's central bank
SPEECH - Prepared by David Klein, Governor of the Bank of Israel For the Euro Conference, Tel Aviv, 4 September.
Speech by M R P Devakula, Bank of Thailand, 26 Sep
SPEECH - An address by M.R. Pridiyathorn Devakula, Governor, Bank of Thailand at the Seminar on "Where Does Thailand Stand Now?", Bangkok Post - Reed Tradex Economic Forum, Bangkok, 26 September 2001.
Growing Greenspan role worries some
US - Alan Greenspan has been everywhere in guiding economic policy in the wake of the terrorist attacks - slashing interest rates, helping to get Wall Street running again, shaping the tax cuts being developed by Congress and evaluating which airlines…
Greenspan rejects idea of inflation targets
US - Choosing a specific inflation target for the Federal Reserve to meet would not help the central bank set interest rates, Alan Greenspan, the Fed chairman, said yesterday, 11 October.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Speech delivered at the European Parliamentary Financial Services Forum, Brussels, by Prof. Eugenio Domingo Solans, Member of the Governing Council and of the Executive Board of the European Central Bank (ECB), 9 October.
Speech by Felipe Morande of Chile's central bank
SPEECH - Felipe Morande the research director of Chile's central bank gave a speech on 10 October.
Chile central bank sees '01 growth less than 3.7%'
CHILE - Felipe Morande, the Chilean central bank's research director, said in a speech on Wednesday 10 October that the bank sees the country's gross domestic product growing "less than 3.7%" in 2001.
Eurozone interest rates remain unchanged
GERMANY - The European Central Bank (ECB) has left interest rates unchanged, despite growing pressure for a cut to boost the flagging eurozone economy.