Central Banks
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…
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Kansas City and based on information collected before April 16, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
European Central Bank Press Release
PRESS RELEASE - Evaluation of the 2002 cash changeover, 24 April.
HM Treasury Press Release
PRESS RELEASE - Chancellor announces new appointee to the Monetary Policy Committee, 24 April.
Richmond's Broaddus says US recovery appears solid
US - Richmond Federal Reserve President Alfred Broaddus on Wednesday expressed confidence that the U.S. economic rebound would prove to be a solid one, but said the Fed needs more information to gauge the recovery's pace.
Central bank invite non-resident to invest in Iran
IRAN - The Governor of the Central Bank of Iran(CBI) Mohsen Nurbakhsh called on the non-resident Iranians to invest in Iran and use their assets to buy shares from Tehran exchange market.
Brazil's central bank plans new payments system
BRAZIL - The Central Bank of Brazil will put in place a new payments system for large transactions, Sistema de Pagamentos Brasileiro, in 2002, following guidelines from the Basel-based Bank for International Settlements.
World growth set for recovery - OECD
FRANCE - The world is set for a strong economic recovery next year, according to a leading international organisation.
IMF shows support for Hong Kong dollar peg system
HONG KONG - The International Monetary Fund Thursday voiced strong support for Hong Kong's currency peg system to the U.S. dollar, and said it hasn't eaten into the regions economic growth.
Argentina tightens banking freeze
ARGENTINA - Argentina's Congress has passed a law aimed at rescuing the country's banks by making it more difficult for savers to withdraw their cash.
Speech by Wim Duisenberg, ECB President, 19 Apr
SPEECH - In the speech titled 'Some remarks on the euro in a US context' Duisenberg said the success of the European Central Bank's monetary policy must be judged over a "sufficiently extended period" of time.
Speech by M Moskow, President, Chicago Fed, 17 Apr
SPEECH - Moskow said in a speech titled 'The Impact of Open Markets and Expanded Trade on Economic Development' that the U.S. economic recovery is underway and the full effects of the reduction in rates over the past 15 months have yet to be felt.
Speech by Mervyn King, Bank of England, 23 Apr
SPEECH - In a speech given Tuesday King said that it was too early to say whether a recovery from last year's global economic slowdown had taken hold. He cast doubt on the strength of the global recovery, saying it was "too soon to say it is entrenched".
Speech by M Moskow, President, Chicago Fed, 22 Apr
SPEECH - In his opening remarks to the Asset Bubbles Conference Moskow said that during the last two decades, there have been instances throughout the developed and developing worlds of prolonged build-ups and sharp collapses in asset prices in stock,…