Central Banks
Speech by Wim Duisenberg, ECB President, 24 Sep
SPEECH - Duisenberg said in a speech titled 'The first nine months of the euro cash era' that the he introduction of the euro banknotes and coins has been a major success. Euro banknotes make visible the Monetary Union and the close financial integration…
Speech by Hermann Remsperger, Bundesbank, 1 Aug
SPEECH - In the speech titled 'The role of the Deutsche Bundesbank in the European System of Central Banks' Remsperger said that although the Bundesbank's main activities related to monetary policy, payment systems and financial stability the Bank was…
Appointment at the Bank of England, 26 September
PRESS RELEASE - Professor Mario Blejer has been appointed as the new Director of the Centre for Central Banking Studies (CCBS) at the Bank of England. He will also be an Adviser to the Governor.
Speech by Svein Gjedrem of Norges Bank, 19 Sep
SPEECH - Gjedrem said in the speech titled 'Economic policy challenges' that monetary policy functions with considerable and variable lags. Therefore, the current level of inflation does not provide an adequate basis for determining the level at which…
IMF News Brief
NEWS BRIEF - IMF Managing Director Horst Kohler Meets Colombian President lvaro Uribe, 25 September.
IMF Press Briefing on the World Economic Outlook
PRESS BRIEFING - Transcript of a Press Briefing on the World Economic Outlook by Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, Washington, D.C., Wednesday, 25 September 2002.
IMF World Economic Outlook, September 2002
REPORT - World Economic Outlook, Trade and Finance, International Monetary Fund, September 2002. In the most recent World Economic Outlook the International Monetary Fund said that world economic output would increase by 3.7% in 2003, compared to its…
Queen Elizabeth Knights Fed Chairman Greenspan
SCOTLAND - U.S. Federal Reserve Chairman Alan Greenspan received an honorary knighthood from Queen Elizabeth II on Thursday and said he would always cherish the honour.
Czechs unlikely to get euro soon
CZECH REPUBLIC - The Czech Republic will not be able to adopt the European single currency before 2007 at the earliest because of its huge budget deficit, the country's new finance minister has said.
Brazil sees Sept current account surplus of $1 bln
BRAZIL - Brazil's central bank on Thursday forecast a current account balance of payments surplus of $1 billion in September.
New deadline for balanced budgets splits euro club
FRANCE - A proposal by Brussels to allow euro-zone states more time to balance their budgets has blown up into a big row between EU countries that have been making sacrifices and four members -- France, Germany, Italy and Portugal -- that were falling…
IMF calls for boost to global confidence
US - International Monetary Fund Managing Director Horst Koehler said on Thursday that global growth had been hurt by financial market uncertainty and called on world financial leaders to do their bit to restore calm.
Swiss central bank to sell 283T of gold
SWITZERLAND - The Swiss National Bank (SNB) plans to sell a further 283 tons of gold by the end of September 2003 under its plan to dispose of 1 300 tons of unneeded reserves, the central bank said on Thursday.
Speech by Governor, State Bank of Pakistan, 1 May
SPEECH - In the speech titled 'Economic Reforms and Macroeconomic Management in Pakistan (1999-2001)' Husain said the strategy for economic revival Pakistan pursued since December 1999 was designed to include four key elements, restoration of…
Speech by Fed Chairman Alan Greenspan, 25 Sep
SPEECH - In the speech titled 'Policy Coordination' Greenspan reflected on the historic association between the Bank of England and the Federal Reserve with ties cemented in the 1920's. Greenspan said that London has stayed on top in the provision of…
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent, 24 September.
Argentina threatens loan default
ARGENTINA - Argentina has raised the pressure on international lenders to agree a new cash lifeline, threatening default if extra money is not forthcoming.
IMF report sees global economy recovering
US - Although downside risks are rising, the global economy is slowly recovering from a worldwide recession, the International Monetary Fund said Wednesday.
CBR to introduce for ex swap deals on 26 Sept
RUSSIA - The Central Bank of Russia is introducing on 26 September an additional instrument to the bank refinancing system based on the use of foreign currency swap deals.
Poland's central bank cuts rates
POLAND - Poland's central bank on Wednesday reduced its key interest rates by a half percentage point, making its sixth cut this year against the backdrop of a sluggish economy and falling inflation.
RBI liberalises exchange control procedures
INDIA - The Reserve Bank of India on Wednesday said banks authorised to deal in foreign exchange may permit importers in India to avail short-term credit for periods less than three years and amount not in excess of $20 million per import transaction…
Central Bank of Iceland Governor resigns
ICELAND - Central Bank of Iceland Governor Finnur Ingolfsson has been appointed Chief Executive Officer of the insurance company VS Ltd and has resigned as Governor of the Central Bank of Iceland.
Polish gov't freezes top state officials salaries
POLAND - The government decided to freeze salaries of top state officials in 2003, government spokesman Michal Tober told a news conference on Tuesday. The freeze includes all senior central bank staff.
Honour Greenspan and Lady Prudence
ARTICLE - When the Queen knights Alan Greenspan tomorrow at Balmoral it will raise profound questions for the world's other central bankers, reported the London edition of the FT on Wednesday in an article.