Central Banks
IMF Press Release
PRESS RELEASE - IMF Extends Argentina's SRF Repayment by One Year, 5 September.
Sveriges Riksbank Press Release
PRESS RELEASE - Nyberg: Developments in line with assessments, 5 September.
EU Commission trims euro-zone growth prospects
BELGIUM - The EU Commission cut on Friday - for the second time in a month - its forecast for third quarter euro-zone growth, aiming now for 0.3-0.6 percent because of signs of weakness from Germany, France and Italy.
Fed's McTeer - US stock falls hold back growth
US - In Dallas, Federal Reserve Bank of Dallas President Robert McTeer said the decline in U.S. stocks this year is restraining the economy's recovery and limiting job growth.
ECB leader Sirkka Hamalainen criticises banks
FINLAND - Sirkka Hamalainen, a member of the Executive Board of the European Central Bank and the former Governor of the Bank of Finland, criticised banks and national authorities in the euro zone for hindering integration in financial markets.
OECD backs Norway's central bank policy
NORWAY - The Organization of Economic Cooperation and Development (OECD) urged Norway on Friday to resist the temptation of spending any more of its vast oil revenues and leave interest rates high to keep inflation in check.
IMF mission in Peru studying 2002 goals
PERU - A mission from the International Monetary Fund (IMF) is in Peru to evaluate the Andean nation's 2002 macroeconomic goals, the economy ministry said on Friday.
Chile keeps key rates on hold at 3 percent
CHILE - Chile's central bank said on Thursday it had kept key interest rates on hold at an all-time low of 3.00 percent at a meeting of its monetary policy committee.
IMF confirms delay of Argentina loan payment
US - The International Monetary Fund on Thursday delayed for one year a $2.8 billion Argentina loan payment, saying the situation there remains "very difficult" and repeating what policies are needed before aid can be restarted.
IMF News Brief
NEWS BRIEF - IMF Managing Director Welcomes Afghanistan's New Currency, 4 September.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 5 September.
IMF assessment of Macau's financial regulation
REPORT - Macao SAR, Assessment of the Regulation and Supervision of the Financial Sector, International Monetary Fund, Monetary and Exchange Affairs Department, 3 September.
Bank of Japan Research Papers
RESEARCH - How Should the Recent Increase in Japan's Monetary Base Be Understood?, Bank of Japan, Policy Planning Office, 5 September.
Argentina - IMF send draft intent letter next week
ARGENTINA - The IMF is to send Argentina a draft letter of intent next week to agree terms for aid to the recession-wracked nation , Cabinet Chief Alfredo Atanasof said on Thursday just as aid hopes had appeared to fade.
BoE keeps rates on hold
UK - The Bank of England left interest rates unchanged on Thursday, as widely expected, amid concerns over a weak economic recovery and continuing volatility in stock markets.
Uruguay can pay public debt to December - cen bank
URUGUAY - Uruguay has enough funds to pay its public debt up to December using international reserves and multilateral loans, Central Bank President Julio de Brun said on Wednesday, responding to investor concerns the recession-hit country would not be…
EU states warned of deficit 'disaster'
GERMANY - A senior Bundesbank official has criticised EU member states who have run up huge budget deficits and now demand a relaxation of the terms of the Growth & Economic Stability Pact which puts strict limits on government borrowing.
Colombia: Central bank warns about capital flight
COLOMBIA - The Bank of the Republic has warned that Colombians are taking their money out of the country, a situation which was brought to the attention of the Third Senate Commission by Bank of the Republic President Miguel Urrutia Montoya.
Argentine central bank criticises economy ministry
ARGENTINA - Argentina's central bank has criticised the economy ministry for submitting a written request with the country's largest state-owned banks last week to restructure their operations, local press reported.
Economist says ECB rate is overvalued
GERMANY - The chief economist of Deutsche Bank says he believes the ECB's key interest rate is at least a full percentage point too high.
Chicago Fed Letter, September 2002
PUBLICATION - The September 2002 issue of Chicago Fed Letter looks at how inequality is perpetuated over generations and how financial constraints among low income families may contribute to this cycle.
3rd Annual Payments Symposium Presentations
PRESENTATIONS - 'Using new technologies to transform the future of payments', sponsored by the Federal Reserve Bank of Cleveland, Columbus Marriott Northwest, Ohio, held between 6-7 June 2002.
ECB Working Paper Series
RESEARCH - 'Constructing quality-adjusted price indices: a comparison of hedonic and discrete choice models' by Nicole Jonker, September 2002. The Boskin Report (1996) concluded that the US consumer price index (CPI)overestimated the inflation by 1.1…
HM Treasury Press Release
PRESS RELEASE - Appointment of Bank of England Deputy Governor Financial Stability, 3 September. The Queen has been pleased to appoint, under the Bank of England Act 1998, Sir Andrew Large as Deputy Governor (Financial Stability) of the Bank of England…