Central Banks
Demand must moderate, Sir Edward George warns
UK - Sir Edward George, governor of the Bank of England, has warned that "domestic demand will have to moderate of its own accord" or "we'll have to put rates up" He was speaking in an interview with a Scotland based newspaper.
South Africa's Reserve Bank in Atlanta mission
SOUTH AFRICA - South Africa's central bank governor will meet leading African-Americans in Atlanta next week in an effort to boost US investment in the country.
Former Ugandan central bank chief in 'civil jail'
UGANDA - The East African newspaper reported on Monday that the former governor of Uganda's central bank, Dr Sulaiman Kiggundu, was currently being held in jail for not paying a $360,000 debt.
RBNZ raises main interest rate to 5.75 - up 0.25%
NEW ZEALAND - The Reserve Bank of New Zealand said it has decided to increase the official cash rate by 25 basis points to 5.75 pct so that they no longer encourage accelerated spending although further increases were now "rather less likely" than was…
Brazilian currency hits another record low
BRAZIL - Brazil may have won the World Cup for the fifth time last Sunday but the harsh realities of life return as the country's currency yesterday hit another record low. The governor of Brazil's central bank said that markets were ignoring the country…
Radicals want Polish central bank chief dismissed
POLAND - The Self-defence farmers' trade union (Samoobrona) radical farmers' union filed a draft resolution with the Sejm (lower house of parliament) on Wednesday for a dismissal of central bank head Leszek Balcerowicz.
UK's anti-euro lobby enlist help of celebrities
UK - A British cinema advertisement in which comedian Rik Mayall mimics Adolf Hitler plunged the campaign to keep the pound into a row on Tuesday.
Banque De France - Annual Report 2001
ANNUAL REPORT - Introductory letter for the Annual Report of the Banque de France submitted to The President of the French Republic, The President of the Senate, The President of the National Assembly, by Governor Jean-Claude Trichet, Bank of France.
ECB Press Release
PRESS RELEASE - Visit of the Prime Minister of Australia, 1 July.
ECB Press Release
PRESS RELEASE - Publication of papers of the workshop 'The role of policy rules in the conduct of monetary policy', 1 July.
ECB Working Paper Series, No 154
WORKING PAPER - The Euro bloc, the Dollar bloc and the Yen bloc: how much monetary policy independence can exchange rate flexibility buy in an interdependent world?, by Marcel Fratzscher, June 2002.
Bank of England News Release
NEWS RELEASE - The Dutch Legacy, Go Dutch at the Bank of England's Museum in Bartholomew Lane, EC2, 2 July.
Chicago Fed National Activity Index
REPORT - In May, the Chicago Fed National Activity Index increased to -0.07 from -0.28 in April. The index has been negative in 22 of the 23 months since June 2000. Released 1 July.
Central Bank of Austria - Annual Report 2001
ANNUAL REPORT - The Oesterreichische Nationalbank, Austria's central bank, has published its Annual Report for 2001.
Duisenberg steps up ECB anti-inflation rhetoric
GERMANY - European Central Bank President Wim Duisenberg on Tuesday warned against the risks of inflation, keeping markets guessing on the eve of a bank policy meeting about whether it would raise interest rates.
Fed's McDonough - Price stability has many virtues
POLAND - In a speech extolling the virtues of central bank independence, Federal Reserve Bank of New York President William McDonough reiterated the importance of maintaining price stability for an economy.
Bank plans to unveil Islamic 'credit card'
UAE - National Bank of Sharjah (NBS), which enjoys the rare distinction of being the world's first and the only conventional bank to have converted into an Islamic bank, is planning to launch an Islamic 'credit' card, reports Gulf News.
Forecasters' vision clouds during turning points
US - Research by the Federal Reserve Bank of Atlanta on economic forecasts by The Wall Street Journal in the last 16 years showed that accuracy was low at crucial points of the economy, with forecasters missing out on the aggressive rate cuts of the…
Argentina central bank sees 11 bln pesos leaving
ARGENTINA - The central bank said it expects 11 bln pesos to be withdrawn from the Argentine financial system in the second half of 2002, daily newspaper Clarin reported.
Trichet urges 'ambitious' reforms in France
FRANCE - Jean-Claude Trichet, the governor of the Bank of France, yesterday threw his weight behind efforts to reshape the centralised French economy with a call for "ambitious structural reforms".
Portuguese central bank report delayed by enquiry
PORTUGAL - The Portuguese central bank has delayed its 2001 annual report on the economy, due out yesterday, Monday, until September to await the results of an enquiry into the public deficit, a Bank of Portugal source said.
Confidence boosted as Japan shows recovery signs
JAPAN - Japan's export-led economic recovery fuelled a record improvement in sentiment among large manufacturers in a survey of business confidence. However the survey also highlighted the risk to Japan's economic health from the yen's recent rise…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 20 and 21 May, released 1 July.
Speech by Masaru Hayami, Bank of Japan, 1 July
SPEECH - In his opening speech to the Tenth International Conference held by the Institute for Monetary and Economic Studies, Hayami said he was convinced that with experts from all over the world exchanging their experiences and views, the conference…