Central Banks
Japanese yields climb as bond auction fails
JAPAN - Japanese bonds headed for their biggest losing week in 3 years as a sale of 10-year government benchmark securities failed for the first time to attract sufficient bidders for the debt on offer.
MasterCard follows Visa in RBA court challenge
AUSTRALIA - Like Visa, MasterCard revealed on Friday that it will appeal the Reserve Bank of Australia's proposed changes to the credit card system.
Scotland to be first to print its own euros?
UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.
Greenspan to get honorary knighthood on Thursday
US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.
ECB's Quaden says Europe's economy struggling
BELGIUM - European Central Bank council member Guy Quaden said the economy is struggling to expand and higher oil prices may curb spending by companies and consumers.
Speech by Governor, State Bank of Pakistan, 1 Jul
SPEECH - In the speech titled 'Pakistan and the IMF : 1988-2002' Husain said the image of the IMF in developing countries and in Pakistan remains tarnished because of the burden of historical legacy, the increasing debate about the efficacy of the IMF…
Speech by Jarle Bergo of Norges Bank, 5 Sep
SPEECH - Bergo said in the speech titled 'Monetary policy, cyclical fluctuations and competitiveness' that through a sound, credible orientation of monetary policy, it is possible to attain an inflation rate that on average is equal to the targeted…
Speech by David Dodge of Bank of Canada, 18 Sep
SPEECH - In a speech titled 'Canada's Economic Performance After an Eventful Year' Dodge predicted further economic expansion and reiterated that the bank is ready to raise interest rates as needed to dampen inflation. He said the domestic economy has…
Bank of Canada Press Release
PRESS RELEASE - Governor Credits Sound Economic Framework for Canada's Strong Performance, 18 September.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces Economic Research Fellowship Program, 18 September.
Norges Bank Press Release
PRESS RELEASE - Norges Bank keeps interest rates unchanged, 18 September.
Norges Bank Press Conference
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Excecutive Board of 18 September.
ECB Monthly Bulletin, September 2002
REPORT - The European Central Bank published its September 2002 Monthly Bulletin on 19 September. In the bulletin the ECB said that while the euro zone economy was still on a path of modest growth for this year, "there are downside risks to the economic…
Brazil leaves interest rates unchanged
BRAZIL - Brazil's central bank has said it will leave interest rates unchanged at 18% until after the forthcoming presidential election, following fresh concerns over the country's economy.
Canada's Dodge leans toward rate hike
CANADA - David Dodge, the governor of the Bank of Canada, indicated Thursday that external factors would guide the central bank's short-term monetary policy, but the bank's preference would be to raise interest rates to slow down the domestic economy.
Mid-Atlantic factory output edges up in Sept
US - Manufacturing activity in the U.S. mid-Atlantic region turned positive in September, providing a ray of hope that the summer slowdown in the factory sector was temporary.
Visa plans legal action against RBA
AUSTRALIA - The largest credit card company operating in Australia, Visa International, has launched an unprecedented legal action against the Reserve Bank of Australia to overturn reforms Visa claims will discourage its 10 million card holders from…
Central Bank of Barbados wins netball game
BARBADOS - Central Bank of Barbados (CBB) defeated Customs 17-12 in a low keyed match-up to open the National Sports Council's (NSC) Inter-Governmental netball competition on Tuesday at the Netball Stadium.
No global recession likely - Fed's McDonough
US - New York Federal Reserve President William McDonough said on Thursday the chances of a world recession were extremely low, despite an expected slowdown in growth on the back of higher oil prices.
RBA Press Release
PRESS RELEASE - Reform of credit card schemes in Australia, 19 September.
Speech by A Fazio, Governor Bank of Italy, 21 July
SPEECH - In the speech titled 'Globalization, law, the person' Fazio said with the increase in wealth, distributive inequalities have been aggravated. Some countries have not shared in the benefits of expanding trade. International crises ultimately…
Speech by Governor, State Bank of Pakistan, 1 Aug
SPEECH - In the speech titled 'Why does Pakistan have to accumulate foreign reserves?' Husain said "the stability in the exchange rate, the reversal of flight capital, the arrest in dollarisation of the economy, low inflation, the reduction in interest…
Speech by W. McDonough, New York Fed Bank, 11 Sep
SPEECH - In the speech McDonough said 'sadly, all too many members of the inner circle of the business elite participated in the over-expansion of executive compensation'. He was speaking to an audience attending a 11 September memorial service at…
Speech by Svein Gjedrem of Norges Bank, 30 Aug
SPEECH - Gjedrem said in the speech titled 'Monetary policy, securities markets and municipalities' that Norway has a well-developed financial system, but it has a small bond market compared with other countries. In the long run, a larger and more liquid…