Monetary Policy
No radical policy changes at Bank of Canada
The Financial Post's Madelaine Drohan says in this article that anyone who thinks Canada's monetary policy is going to change dramatically with David Dodge at the Bank of Canada is dreaming in technicolour. It just isn't going to happen. Printed in the…
Euro lessens Emu dependence on US - BoF Trichet
Europe's economy has become less dependent on U.S. developments since the launch of the euro in January 1999, Bank of France Governor Jean-Claude Trichet, a member of the European Central Bank's (ECB) Governing Council, said in an interview published Dec…
BOJ's Hayami highlights risks to Japan economy
Japan's central bank governor said on Dec 22 the deflation risks that have hamstrung economic recovery for years were back in the picture, while the top economic planner hinted that growth may have already contracted.
IMF Koehler praises Turkey govt, but action needed
Horst Koehler, managing director of the International Monetary Fund, stressed on Dec 21 that the $7.5 billion in new financing the IMF is providing Turkey is a short-term measure to ensure a liquidity crisis in the banking sector doesn't derail wider…
Cuba to aim for 5 percent economic growth in 2001
Cuba set a 2001 economic growth target of 5 percent on Dec 21 but said one of its strategic priorities would be reducing its swelling current account deficit.
ECB plays down danger of eurozone price difference
The European Central Bank said Dec 21 said diverging eurozone inflation rates were not a flaw of a one-size fits all monetary policy, provided that the differences proved to be only short-lived.
Welteke-far too soon to signal lower ECB rates
Bundesbank President Ernst Welteke said on Dec 21 Europe was well equipped to withstand an economic slowdown in the United States and that it was far too soon to signal lower interest rates in the euro zone.
No change in Cyprus rates post deregulation-c.bank
Interest rates in Cyprus are expected to remain steady in the immediate future as the economy dismantles the rigid rate control regime from January 1 2001, the island's central bank governor said on Dec 21 2000.
Bank of Portugal says 2000 growth 2.75% to 3.25%
The Bank of Portugal envisages that the country should register economic growth in 2000 of between 2.75 per cent and 3.25 per cent.
CNB Bank Board leaves interest rates unchanged
The Bank Board of the Czech National Bank CNB, which Dec 21 discussed the 12th status report on monetary and economic development, made no changes in the interest rates, spokesman Milan Tomanek told reporters after the session. The repo rate thus…
UK's MPC split 7-2 for steady rates in Dec
Britain's central Bank was split 7-2 in favour of leaving interest rates unchanged at 6.0% earlier this month, minutes of the meeting showed on Wednesday.
BOT to launch daily liquidity forecasts
The Bank of Thailand will soon launch a daily liquidity forecast - a new tool designed to control short-term market rates.The forecast would tell financial institutions roughly how much liquidity there would be on the following day, BOT assistant…
Nigeria cbank closely monitors forex transactions
The Central Bank of Nigeria has intensified its monitoring of the interbank foreign exchange market with a view to unraveling the cause of the unusual high demand for foreign exchange.
France helps Niger bolster economy after IMF deal
France's AFD aid agency has granted Niger 4.0 billion CFA francs ($5.5 million) to help rebuild its economy and public finances, official sources said.
Swedish c.bank says one member opposed rate hike
Sweden's central bank, the Riksbank, said one of its six board members did not support this month's increase of Sweden's key repurchase rate by 25 basis points to 4.00 percent.
Fed policy shift stirs debate on economic policy
The Federal Reserve's warning on Tuesday that the economy was rapidly losing steam stirs the pot in a simmering debate between the Clinton administration and President-elect George W. Bush's team about whether a new prescription for growth is needed.
Bank of Israel- No need to import hi-tech workers
The Bank of Israel said yesterday it objects to bringing engineers and software technicians from India to Israel in attempt to fill the shortage in skilled workers in the hi-tech industry.
Guatemala considers legalising limited dollar use
Weeks after El Salvador adopted the dollar as one of its currencies, Guatemala's Congress was considering a similar plan Monday, the Associated Press reported.
Paraguay cbank sees 1%-1.5% GDP growth in 2000
Paraguay's economy is expected to have grown 1%-1.5% by the end of 2000, according to preliminary data, the country's central bank president Washington Ashwell said Tuesday.
Mexico's Ortiz sees Dec CPI affected by US weather
Bank of Mexico Governor guillermo Ortiz warned Tuesday that December inflation will be higher than expected as key vegetable prices soared on the cold spell across the US.