Central Banks
Prosecutors confirm no appeal on Trichet
FRANCE - The Paris prosecutor's office has confirmed that it will not appeal a summons issued to Jean-Claude Trichet, governor of Banque de France, to appear in court on charges of complicity in false accounting.
MAS says recession is officially "over"
SINGAPORE - Singapore's worst and longest recession is over. The shrinkage actually ended abruptly on 31 December, the Monetary Authority of Singapore (MAS) said Thursday.
French farce
ARTICLE - Jean-Claude Trichet faces new obstacles in his quest to head the ECB. Whoever said central banking was dull? asks the Economist, 18 July.
MAS Monetary Policy Statement
STATEMENT - Monetary Authority of Singapore, Monetary Policy Statement, 11 July.
Speech by DPM Lee Hsien Loong, Singapore, 15 July
SPEECH - In the speech titled 'Best practices in insurance regulation' Loong said that "MAS will continue to work together with the insurance industry to achieve international best practices and standards. Over the past two years, MAS has worked hard to…
Reserve Bank of Australia - Bulletin, July 2002
REPORT - On 18 July the Reserve Bank of Australia (RBA) published its July 2002 Bulletin. In the Bulletin the RBA says that over the past five years, there has been a sustained rise in house prices in most major cities in Australia. Some part of this…
Bank of Japan Monthly Report, July 2002
REPORT - On 18 July the Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, July 2002. In the report the BOJ says that Japan's economy, despite continued weakness in domestic demand, has almost stabilized as a whole…
Bank of England News Release, 18 July
NEWS RELEASE - The Bank of England plans to resume issuing the new Elizabeth Fry £5 note in the week commencing 19 August.
UK Treasury criticised over Bank of England posts
UK - The Treasury has been rebuked for failing to follow proper procedures for appointments to the Bank of England's governing body.
Euro did cause price prices - Eurostat
GERMANY - The changeover to euro banknotes and coins might have added as much as 0.2 percentage points to eurozone inflation in the first half of this year, Eurostat, the European Union's statistical agency, said on Wednesday.
Cheap money and big risks
ARTICLE - Those who still hang on Alan Greenspan's every word should have little difficulty predicting the direction of US interest rates: the next change will be up, writes the FT in London on Thursday in an editorial.
Edward George enters ECB race - and promptly exits
UK - The Financial Times on Thursday speculates that Edward George could be the ideal man for the ECB's top job now that long-time favourite Jean-Claude Trichet faces trial. However, sources at the Bank of England told CentralBankNet on Thursday that…
Deputy head of Central Bank of Russia appointed
RUSSIA - Central Bank of Russia chairman Sergey Ignatyev signed on Wednesday an order appointing Konstantin Korishchenko as his deputy, a source in the bank said Thursday.
Russian PM criticises central bank over inflation
RUSSIA - Russian Prime Minister Mikhail Kasyanov has pointed to continued favourable trends in the national economy but scolded the central bank over its lack of control over inflation.
Brazilian real hits new low as c bank cuts rates
BRAZIL - The Brazilian real has closed at a record low against the dollar after the country's central bank announced a surprise cut in interest rates.
Fed Reserve Bank of Richmond - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Richmond has published its Annual Report for the year ended 2001.
Fed Res Bank of San Francisco - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of San Francisco has published its Annual Report for the year ended 2001.
Fed Reserve Bank of St Louis - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of St Louis has published its Annual Report for the year ended 2001.
Bank of Italy - Annual Report 2001
ANNUAL REPORT - The Bank of Italy has published its Annual Report for the year ended 2001.
Central Bank of Iceland - Annual Report 2001
ANNUAL REPORT - The Central Bank of Iceland has published its Annual Report for the year ended 2001.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 3 and 4 July, released 17 July. The Bank of England's Monetary Policy Committee voted 8-1 to leave interest rates at 4.0 percent for the eighth month running in July, the minutes showed.
IMF Extends Argentina's SRF Repayment by One Year
PRESS RELEASE - IMF Extends Argentina's SRF Repayment by One Year, 15 July.