Monetary Policy
IMF's Kohler sees hope for economic recovery
US - The US economy is expected to show signs of recovery by the end of the year in spite of last week's terrorist attacks and the sharp decline in the airline industry, the International Monetary Fund said yesterday, 19 September.
Speech by Antonio Fazio of the Bank of Italy
SPEECH - Opening address by Antonio Fazio Governor of the Bank of Italy at the Monitoring the Euro Area Business Cycle International Conference, Rome, 7 September.
IMF promises more efforts on crisis prevention
IMF ANNUAL REPORT 2001 - International Monetary Fund Managing Director Horst Koehler yesterday, Wednesday, reiterated that the international lender will focus more in the coming months and years on preventing economic crises.
IMF new lending rises slightly
IMF ANNUAL REPORT 2001 - Lending by the International Monetary Fund in its financial year 2001 to last April increased slightly, reflecting additional loans to Argentina and Turkey to assist their economic reform.
Embracing change, IMF looks for shareholder reform
IMF ANNUAL REPORT 2001 - The International Monetary Fund yesterday, 20 September, issued its annual report for 2001, highlighting its progress in implementing reforms and urging its members - particularly the advanced economies - to do the same.
What Monetary Policy Can and Cannot Do
SPEECH - Remarks before the National Association of Business Economists, New York, NY 10 September by Anthony Santomero President of the Federal Reserve Bank of Philadelphia.
Bank had considered UK rate rise
UK - The Bank of England had been considering raising interest rates this month, minutes of a key meeting have revealed.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - William Poole President, Federal Reserve Bank of St. Louis. Prepared for Panel on Promoting Economic Growth: What Monetary Policy Can And Cannot Do. National Association For Business Economics 43rd Annual Meeting, New York, New York, 10…
NZ's Reserve Bank cuts cash rate by 0.5%
NEW ZEALAND - The Reserve Bank of New Zealand Wednesday 19 September cut its official cash rate by 50 basis points, to 5.25%, from 5.75%.
Statement from the Reserve Bank of New Zealand
NEWS RELEASE - RBNZ cuts OCR to 5.25 per cent.
Minutes of the Monetary Policy Committee meeting
NEWS RELEASE - The Bank of England has published the minutes from its Monetary Policy Committee (MPC) meeting held on 5 and 6 September.
HKMA says no evidence of Bin Laden deposits in bks
HONG KONG - Hong Kong's quasi-central bank said Wednesday 19 September it has no evidence that Osama bin Laden, the prime suspect in last week's U.S. terrorist attacks, and his associates are keeping cash in the city's banks.
Welteke: No need to be too pessimistic on economy
GERMANY - Deutsche Bundesbank President Ernst Welteke said today, Wednesday 19 September, cautioned against being overly pessimistic about German economic growth prospects in the wake of last week's terrorist attacks on the U.S.
Chicago Fed cancels Oct conference on asset prices
US - The Federal Reserve Bank of Chicago said yesterday, Tuesday 18 September, it had cancelled a conference on asset price bubbles that was co-sponsored by the World Bank.
Report - Central banks did not act together
US - Unlike the co-ordinated monetary policy moves that were the hallmark of international economic co-operation of the 1980s, the spate of interest rate cuts that rippled around the world on Monday and Tuesday was not a pre-arranged exercise by G7…
US and ECB slash rates 0.5% to stabilise markets
INTEREST RATES - Monday 17 September saw both the ECB and US Federal Reserve cut interest rates by 0.5 percent. The Us move failed to stop substantial falls on the US stock market.
Surprise rise in UK inflation rate to 2.6%
UK - UK inflation has risen much more sharply than expected in August.
Speech by Ian Macfarlane of the RBA, 18 Sep
SPEECH - Speech by Ian Macfarlane, Governor of the Reserve Bank of Australia. Giblin Lecture, University of Tasmania / Economic Society of Australia (Tasmanian Branch) - Hobart - 18 September.
Bank of England cuts interest rates 0.25%
UK - The Bank of England Tuesday 18 September said it has cut its repo rate to 4.75% from 5.0% at a special monetary policy committee meeting held Tuesday morning.
Bank of England News Release
NEWS RELEASE - Meeting of Monetary Policy Committee, 18 September
Bank of Japan - News release
NEWS RELEASE - Change in the Guideline for Money Market Operations and Reduction in the Official Discount Rate.
ECB Press release - Interest rate decision
NEWS RELEASE - Monetary policy decisions, 17 September.
Federal Reserve press release
NEWS RELEASE - Federal Open Market Committee.
Australia RBA says keeps regular policy timetable
AUSTRALIA - The head of Australia's central bank said today, Tuesday 18 September, he had not seen anything in the past week that was urgent enough to warrant a rate cut between regular board meetings. The next board meeting is on October 2.