Central Banks
Review of a new book on Monetary Policy
BOOK REVIEW - Monetary Policy Goals, Institutions, Strategies, and Instruments by Peter Bofinger published by Oxford University Press.
Olson - US economy at or near end of down phase
US - Federal Reserve Governor Mark Olson said on Tuesday recent reports over the past few months show the downturn that hit the U.S. economy last year has likely bottomed out.
Bank of Canada brightens economic forecast
CANADA - Bank of Canada Governor David Dodge declared on Tuesday that the worst of the economic downturn was over, in a speech that suggested the bank was accelerating its timetable for forecast economic recovery.
Domingo Solans says ECB monetary policy credible
SPAIN - The credibility of the European Central Bank's (ECB) monetary policy is demonstrated by the euro zone's low inflation, ECB executive board member Eugenio Domingo Solans said on Saturday.
Colombia central bank launches new COP1,000 bill
COLOMBIA - Colombia's central bank on Tuesday launched a new 1,000 peso bill ($1=2271.50) to complement the coins of that denomination in circulation already.
ECB gold reserves - EUR35M in week of 8 March
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR35 million, to EUR126.8 billion, in the week ended 8 March, the European Central Bank said Tuesday.
RBI to review primary dealership arena
INDIA - Our Banking Bureau Mumbai After taking an in-principle decision to discontinue the satellite dealers, the Reserve Bank of India (RBI) is set to review primary dealers (PDs) in terms of their number, obligations, activities and regulation, said Y…
ECB Issing says eurozone econ hit bottom in '01
FRANCE - Europe's economic slowdown hit bottom at the end of last year and growth should be back above 2% by the end of 2002, European Central Bank Chief Economist Otmar Issing says in an interview with Les Echos Tuesday.
Labour mismatches plague euro zone
GERMANY - Austria has too many construction workers and too few hairdressers. France suffers from an abundance of woodworkers but a shortage of nurses. These are some of the findings of an ECB report published today.
Japan to name two businessmen to BOJ board-sources
JAPAN - The Japanese government has provisionally decided to name two businessmen to the Bank of Japan's (BOJ) policy-setting board to replace members whose terms expire at the end of the month, according to sources, Reuters reports Tuesday.
Shiokawa - New anti-deflation steps to be concrete
JAPAN - A new round of anti-deflation steps being prepared by Japan's ruling coalition will likely flesh out the plan to combat falling prices already announced by the government, Finance Minister Masajuro Shiokawa said Tuesday.
Australia's Macfarlane moves Reserve goal posts
AUSTRALIA - The Reserve Bank of Australia governor advised the Australian Government against repayments of borrowed US dollars.
Investors in Belgian national bank head for courts
BELGIUM - Banque Nationale de Belgique (BNB) is likely to find itself taken to court by its minority investors, claims Financial News in London.
Bill seeks changes to central bank act
PHILIPPINES - A senator has filed before the Senate a measure that seeks to amend the charter governing the Bangko Sentral ng Pilipinas (BSP).
Pakistan's for ex reserves rise to US$ 5.1bn
PAKISTAN - Pakistan's total liquid foreign reserves registered an increase of US$ 40.7 million to $5.10 billion in March as compared to $5.06 billion on 23 February.
China's central bank chief unfazed by debt
CHINA - The governor of China's central bank, Dai Xianglong, acknowledged for the first time yesterday that national domestic debt is much higher than official yardsticks have so far indicated, but he said reform and economic growth would alleviate the…
BIS Quarterly Review, March 2002
REPORT - Bank for International Settlements, Quarterly Review, International Banking and Financial Market Developments, released 11 March 2002.
Speech by Lars Nyberg of Sveriges Riksbank, 11 Mar
SPEECH - In the speech titled 'Financial disturbances and the real economy' Nyberg echoed concerns voiced by colleagues on the banks board that inflation in Sweden has been unexpectedly high lately saying "a number of my colleagues have expressed concern…
Speech by A Santomero of Philadelphia Fed, 6 Mar
SPEECH - In the speech titled 'The Recovery - Has It Begun?' Santomero said the U.S. economy's recovery from recession "may indeed have already begun," and called recent statistics on the economy "heartening, in fact, surprisingly strong".
ECB Press Release
PRESS RELEASE - Labour market mismatches in euro area countries, 11 March.
Single currency outsiders united in sport
LETTER - A letter published in Monday's Financial Times suggests that the forthcoming football world cup has important implications for membership of the euro.
Swedish c banker joins inflation concern view
SWEDEN - Inflation in Sweden has been unexpectedly high lately, Swedish central bank Deputy Governor Lars Nyberg said on Monday, adding he shared the concern over the issue voiced by colleagues on the bank's board.
Reserve Bank of South Africa Media Release
MEDIA RELEASE - Commission of inquiry into the rapid depreciation of the exchange rate of the rand, 13 March.