Central Banks
Send for Mr Greenspan
ARTICLE - When Alan Greenspan speaks to members of the US Congress today on the economic outlook, one can only hope the Federal Reserve chairman proves a little more successful at bolstering confidence in America's shaky economy than President George W…
Argentina overcomes debt hurdle for now
ARGENTINA - Argentina has won a year's extension on the repayment of a key loan from the International Monetary Fund.
BOJ keeps monetary policy unchanged
JAPAN - Japan's central bank left its monetary policy unchanged Tuesday to keep plenty of cash flowing in the financial system and help the nation's fledgling recovery.
Postal body gets BOJ online clearance
JAPAN - The public corporation that will replace the state-run postal services next April in Japan will be able to settle accounts with private banks in real time, officials said over the weekend. By gaining access to the Bank of Japan's transaction…
Trichet may face trial after court ruling Tuesday
FRANCE - An investigating judge today ordered France's central bank chief to answer in court for his actions regarding the government bailout a decade ago of the then-state-owned bank Credit Lyonnais.
Bank of Canada raises rates for 3rd time this year
CANADA - The Bank of Canada on Tuesday raised its overnight interest rate to 2.75 percent from 2.5 percent to keep the soaring economy in check, but sounded a cautious note about the future, saying market uncertainty and corporate developments meant the…
Greenspan Testimony: Trust must be restored
US - The economy is poised to recover if the "infectious greed" on Wall Street can be brought under control, Federal Reserve Chairman Alan Greenspan said Tuesday.
IMF Statement - Economic Policies of the Euro Area
STATEMENT - Concluding Statement of the IMF Mission on the Economic Policies of the Euro Area, (in the Context of the 2002 Article IV Consultation Discussions with the Euro-Area Countries), 12 July.
IMF Press Release
PRESS RELEASE - Statement by Horst Kohler, Managing Director of the International Monetary Fund, on the Work Program of the Executive Board, 12 July.
Speech by William Poole, St Louis Fed Bank, 12 Jul
SPEECH - In the speech titled 'Fed Policy to the Bond Yield' Poole said that the recent slump in U.S. stock prices was a source of pessimism, but it was not likely to throw economic recovery off track.
Fed Reserve Bank of Cleveland - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Cleveland has published its Annual Report for the year ended 2001.
Fed Reserve Bank of Boston - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Boston has published its Annual Report for the year ended 2001.
Fed Reserve Bank of Atlanta - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Atlanta has published its Annual Report for the year ended 2001.
Chile's central bank cuts rates by 75 points
CHILE - Chile's central bank said on Thursday it cut interest rates by 75 basis points to 3.25 percent in a further attempt to stimulate sluggish consumer spending.
Russian c bank denies stalling new currency law
RUSSIA - The Central Bank of Russia has denied suggestions that it is deliberately delaying implementation of new regulations intended to liberalize conversion of foreign currency earnings by Russian exporters.
Zimbabwe's parallel market a necessary evil - IMF
ZIMBABWE - The International Monetary Fund (IMF) says Zimbabwe's thriving parallel currency market must be tolerated in the absence of concrete government measures to stabilise the local dollar.
Speech by Carol Carson of the IMF, 11 July
SPEECH - Carson gave a speech titled 'International Capital Data: Needs, Projects, and Prospects' and said that in the past two and half years, she believes that significant progress has been achieved in developing internationally agreed statistical…
European Central Bank Publication
REPORT - Task force on portfolio investment collection systems, Final Report, June 2002.
Speech by Thomas Dawson of the IMF, 10 Jul
SPEECH - In the speech 'The IMF's Role in Asia: Part of the Problem or Part of the Solution?' Dawson said the regional crisis which threw formerly buoyant Asian economies into a tailspin five years ago was itself a critical acid test for the…
China's foreign exchange reserves reach 242.7bn US
CHINA - China's foreign exchange reserves reached 242.76bn US dollars by the end of June this year, up 34.2 per cent over a year earlier, according to statistics released by the People's Bank of China, the central bank, on Thursday.
Uzbek credit unions to get 20m dollars in project
UZBEKISTAN - The Asian Development Bank, the government and Central Bank of Uzbekistan have signed a memorandum of mutual understanding on a project of development of small and micro financing, the ADB office in Tashkent said.
IMF and World Bank to shorten meetings
US - The International Monetary Fund and World Bank have again decided to cut short their annual meetings in Washington this year, fearing disruption by large demonstrations.
Stock slide ups economic uncertainty - Fed's Poole
US - St. Louis Federal Reserve Bank President William Poole said on Thursday the U.S. economy appears to be doing okay but that the prolonged stock market sell-off had made the outlook "murkier."
Brazil's Fraga: Expects continued IMF, G7 support
BRAZIL - Brazilian central bank head Arminio Fraga said on Thursday he expects continued support from the International Monetary Fund and the Group of Seven industrialized nations, following a meeting with top Wall Street bankers.