Central Banks
Interview with Russian central bank First Deputy
FEATURE - Interview with central bank first deputy chairman Oleg Vyugin with Vesti RTR News Program, 23 April.
Outgoing chief warns on Greek competitiveness
GREECE - In the Greek central bank's annual report released on Monday the governor warned that his country was losing competitiveness in the eurozone in spite of high levels of investment driven by transfers from EU structural funds.
ECB stands in contrast to Bank of England
FEATURE - Tuesday's London edition FT reports on the difficulties central banks can face in identifying and maintaining ideal inflation targets.
ECB gold reserves declined to 26 April
GERMANY - The European Central Bank said Tuesday that the Eurosystem's net reserves in gold and gold receivables declined by EUR306 million to EUR139.5 billion in the week ended 26 April.
Speech by David Dodge of Bank of Canada, 26 Apr
SPEECH - In a speech titled 'The Interaction Between Monetary and Fiscal Policies' Dodge said that Canadian monetary and fiscal policies both went badly off course just over 25 years ago. It then took 15 to 20 years to establish the appropriate focus for…
ECB Press Release
PRESS RELEASE - Publication of 'The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures', 26 April.
The single monetary policy in the euro area
REPORT - The single monetary policy in the euro area: General documentation on Eurosystem monetary policy instruments and procedures, (update of the November 2000 edition), European Central Bank, April 2002.
RBNZ News Release
NEWS RELEASE - RBNZ Board begins process for finding new Governor, 29 April.
Speech by A Santomero of Philadelphia Fed, 25 Apr
SPEECH - Santomero said on Thursday in a speech titled 'The Reluctant Recession: Why Was the Recession So Mild?' that it is too soon to tell when the U.S. economy will be strong enough for the U.S. central bank to consider raising interest rates.
Argentine Peso will not be fixed, says Lavagna
ARGENTINA - Argentina's banks and exchange markets will open today for the first time in nine days, as the new economy minister, Roberto Lavagna, attempts to calm fears of a wholesale collapse of the financial system.
Dep gov, Thomopoulos, interested in becoming chief
GREECE - Bank of Greece's depupy-governor, Panagiotis Thomopoulos, on Friday expressed his interest in replacing Mr Lucas Papademos at the central bank's head.
Ireland asks - Please be gentle with your euros
IRELAND - The new euro notes are taking a battering in Ireland. Despite being in circulation only four months some of them have deteriorated to such an extent that they will have to be replaced.
Gold's backers want to polish up its image
FEATURE - It isn't just the war against terrorism, or the growing violence in the Middle East. It isn't just increased Japanese demand or the Enron scandal's effect on the equity markets. Rather, gold's 10% rally this year, to a recent two-year high of…
Speech by William Poole, St Louis Fed Bank, 25 Apr
SPEECH - Poole warned on Thursday in a speech titled 'As Easy as P.I.E.: Productivity, Innovation and Education' that policymakers must be on guard and said low and stable inflation was key to keeping the current U.S. economic expansion strong and long…
Retreating to the sanctuary of gold
FEATURE - 'Gold is back,' declared a leading news agency this week in an analysis into why the yellow metal has pushed resolutely back above US$300 an ounce for the first time in two years, and why investor interest is at its highest in almost 20 years.
PBOC to regulate online banking in China
CHINA - Banks opening online-banking services for the first time need to have their headquarters file an application with the People's Bank of China (PBOC), its branches or business-management departments, according to interim measures regulating online…
Polish rate cut too shallow - Fin Min
POLAND - The National Bank of Poland's (NBP) rate cuts on Thursday confirmed the bank's support for the leftist government's economic programme, but Finance Minister Marek Belka hoped for deeper cuts, his spokesman said.
Argentina appoints new economy chief
ARGENTINA - Argentina's President Eduardo Duhalde has named the free market economist Roberto Lavagna as his new economy minister.
US economic growth soars
US - Economic growth in the US soared to 5.8% during the first three months of 2002, the US Commerce Department has reported.
Woman economist takes MPC post at BofE
UK - A female city economist is to replace Sushil Wadhwani on the Monetary Policy Committee (MPC) in the latest merry-go-round at the Bank of England.
St Louis Fed's Poole - Must guard for inflation
US - In a speech on productivity at a University of Missouri-sponsored dinner, Poole said that for the U.S. economy to enjoy the higher living standards and faster trend rate of economic growth offered by increases in productivity - or worker output per…
Testimony of Fed V.Chairman Roger Ferguson, 24 Apr
TESTIMONY - In testimony on Wednesday Ferguson said that the U.S. economic outlook had "brightened", but cautioned that an ongoing strong expansion of final demand was not definite.
Speech by David Dodge of Bank of Canada, 24 Apr
SPEECH - Dodge told the finance committee of the House of Commons on Wednesday that a currency union between Canada and the United States is feasible but that doesn't mean it's desirable.
Speech by Robert Parry, San Francisco Fed, 23 Apr
SPEECH - Parry said on Tuesday in a speech titled 'Inside the Federal Reserve: A District Bank President's Perspective' uncertainty lingers about the strength of the U.S. economic recovery and the Fed can take its time deciding when to raise short-term…