Monetary Policy
Economic cooperation between Eurozone and Japan
Sakuya Fujiwara, deputy governor of the Bank of Japan, said at a conference that the Japanese economy was on its way to recovery, although significant structural reforms still needed to take place.
Issing says uncertainty over US economic outlook
European Central Bank member Otmar Issing said investors have become more cautious on the outlook for the dollar and that the U.S. economy is slowing faster than Europe's, an Italian financial paper reported on Saturday.
Euro weakness must be seen in context - Schioppa
European Central Bank council member Tommaso Padoa-Schioppa on Saturday said that the euro's current weakness needed to be judged in light of historical exaggerations in currency swings.
Greek banks to meet ECB reserve regulations
The Bank of Greece said on Friday that effective from 1 January 2001 Greek banks will have to meet European Central Bank regulations on their required reserves.
Polish central bank says no rate cut in Q1 2001
Polish central bank President Hanna Gronkiewicz-Waltz said on Friday she did not see scope for interest rate cuts in the first quarter of next year but hoped there was room for a cut by the end of the first half of 2001.
Economic integration in the Korean peninsula
Marcus Noland, senior fellow at the Institute for International Economics, has written a paper called "Economic Integration in Koreas: Prospect and Risks" for the ICAS autumn symposium 2000 in Washington, DC.
RBI governor says policy juggling is the best
Many central banks around the world target price inflation, but the RBI has multiple economic targets, says Alan Beattie from the Financial Times.
Japan FRC head urges BOJ broad view on easing
Japan's top financial regulator on Friday urged the Bank of Japan to take a broad view in deciding whether or not to ease monetary policy, implying he favoured an easing.
Intervention was to punish speculators -Duisenberg
European Central Bank President Wim Duisenberg said on Thursday recent ECB forays into foreign exchange markets were not aimed at pushing the euro to any level but at punishing those speculating against the currency.
El Salvador to use dollar as 'parallel currency'
El Salvador will allow the US dollar to circulate freely alongside its own currency in the new year under a monetary law sent to Congress by the president on Thursday.
Diusenberg says UK euro tests are irrevelant
European Central Bank chief Wim Duisenberg today dismissed Gordon Brown's five economic tests for joining the single currency as irrelevant and insisted that Britain would have to join the European exchange rate mechanism for two years before adopting…
ECB inflation above target for next 6 months
European Central Bank President Wim Duisenberg said on Thursday it could take six months for Eurozone inflation to fall back to the ECB's 2% goal.
South Korea economy heads for slowdown
South Korea posted a strong growth rate of 9.2% in the third quarter, but analysts warn that the economy could begin looking much weaker in the fourth quarter because of increased bankruptcies for debt-heavy companies and resulting job losses.
Trichet tempers optimism on world economic growth
French central bank governor Jean-Claude Trichet Thursday tempered optimistic forecasts for world growth, saying there remain uncertainties as to economic conditions.
Nigeria cenbank cuts lending rate to banks to 14%
The Central Bank of Nigeria announced on Thursday it had slashed its benchmark minimum rediscount rate (MRR) by 200 basis points to 14%, saying this reflected the low level of inflation in the West African country.
CNB board makes no policy change at meeting
The Czech central bank (CNB) said on Thursday its regular governing board meeting had ended and no monetary policy decisions had been taken.
NBS raps Slovak government for spending plans
The Slovak central bank (NBS) has raised its 2001 inflation forecast to between 6.8% to 7.7%, local news agency SITA reported on Thursday, citing an NBS document commenting on the government's 2001 budget proposal.
Bundesbank predicts soft landing for US economy
Signs of a gradual slowdown of the US economy are increasing, the Bundesbank said in its latest monthly report, citing the "sharp" decline in residential investment and government spending as the main contributions to the "tangible" slowdown in third…
Chile Q3 GDP grew 5.8% in quarter - central bank
Gross domestic product (GDP) for Chile, which is recovering from a recession, grew 5.8% in the third quarter of this year versus the same period last year, the central bank said on Thursday.
IMF warns Brown not to increase spending
The International Monetary Fund's report on the health of the UK economy, published yesterday by the Treasury, warned Gordon Brown, the UK Chancellor, that private spending needs to slow down before the economy can accommodate an increase in public…
Costa Rica to maintain exchange rate policy
Costa Rica's central bank said on Thursday it would continue with mini-devaluations of its currency against the dollar, despite complaints that it makes local business less competitive.
Taiwan central bank says forex policy unchanged
Taiwan's central bank said on Wednesday it would maintain its policy of "dynamic stability" in the foreign exchange market after surprisingly allowing the local dollar to fall to a 19-month low.
Slovak central bank two day policy meeting
The board of the National Bank of Slovakia will hold a two-day meeting on current and 2001 monetary policy on Thursday and Friday, central bank spokesman Jan Onda said on Wednesday.