Central Banks
Speech by Hauw Soo Hoon of the MAS, 5 March
SPEECH - The message from Hoon in her keynote address 'New Chapter, Same Mission' was that the writing is on the wall for insurance firms: Unethical behaviour from their sales force will be met by a tougher stance and could translate into penalties.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the 15 and 16 January, released 5 March.
Speech by Shin Nakahara, Bank of Japan, 20 Feb
SPEECH - In the speech titled 'State of Japan's Economy and Policy Measures' Nakahara said the Bank of Japan may have to resort to unconventional policy steps if falling prices and economic deterioration spiral out of control.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 7 March.
European Central Bank Press Release
PRESS RELEASE - ECB Monetary Policy Decisions, 7 March.
ECB Press Release
PRESS RELEASE - European Central Bank buys Grossmarkt site, 5 March.
Greenspan upbeat on US recovery
US - Alan Greenspan, the chairman of the US central bank, has said that the US economic recovery is well under way.
Testimony of Fed Chairman Alan Greenspan, 7 Mar
TESTIMONY - Testimony of Federal Reserve Chairman Alan Greenspan before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 7 March.
Argentina seeks to clear way for IMF deal
ARGENTINA - Argentina's Senate yesterday debated the country's 2002 budget a day ahead of schedule as part of efforts to unlock a big support package from the International Monetary Fund.
Beige Book shows limited economic improvement
US - The US economy showed scattered "signs of improvement" through January and early February, but was not barrelling out of the gates, according to the latest anecdotal survey released on Wednesday by the Federal Reserve.
Pakistan c bank may hold some euro forex reserves
PAKISTAN - Pakistan may allocate part of its foreign exchange reserves in the euro when there is greater stability in the currency, the central bank said Thursday.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'Back to the Future in Managing Banking Risk' Ferguson said "after nearly a decade of steady improvement, earnings from core bank operations and other measures of financial strength for the U.S. banking system have taken an…
Ethiopia slashes interest rates
ETHIOPIA - The Ethiopian central bank has halved interest rates to 3%, due to plunging deflation, weakening trade and investment and the global economic slowdown.
Nigeria's c bank urged to review monetary policy
NIGERIA - Central Bank of Nigeria and other regulatory authorities have been asked to reconsider their control strategies with the aim of striking a balance between exchange and interest rates policies in the overall interest of the productive sectors of…
Fed's Ferguson - Banks shouldn't become complacent
US - A top Federal Reserve official on Monday warned banks against complacency in taking risks as they deal with slowing growth, though he said there was no reason to be alarmed about the downturn in earnings.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 per cent, 5 March.
Bank of Canada Review Winter 2001 - 2002
RESEARCH - Risk Management in the Exchange Fund Account by Michel Rochette.
Bank of Canada Review Winter 2001 - 2002
RESEARCH - The Resolution of International Financial Crises: Private Finance and Public Funds by Andy Haldane, Bank of England and Mark Kruger, Bank of Canada.
Speech by M Moskow, President, Chicago Fed, 5 Mar
SPEECH - In the speech titled 'Perspectives on the Economy' Moskow said that he believes a U.S. economic recovery "may very well be under way," although the strength and shape of the resurgence is hard to predict.
IMF News Brief
NEWS BRIEF - IMF Sending Mission to Argentina, 4 March.
IMF did help Argentina
LETTER - A Letter to the Editor by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, The Daily Yomiuri, 25 February.
German finance ministry, Buba spurn gold sale call
GERMANY - The German Bundesbank and finance ministry on Tuesday rejected suggestions by some government politicians that holes in the public purse could be plugged by the sale of gold and foreign exchange reserves.
Klein defends rate rise, attacks gov't policy
ISRAEL - Bank of Israel Governor David Klein Friday vigorously defended his recent rate hike and accused the government of having little interest in running the economy, reports Dow Jones.
London gold auction ends but arguments continue
UK - The UK completed its sale on Tuesday of 400 tons of gold - a $3.5 billion stack almost as big as two London taxis.