Central Banks
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board on Thursday announced the publication of a guide to help consumers better understand their rights and responsibilities with regard to electronic check conversion transactions.
Spain's Rato sees two candidates to replace Noyer
SPAIN - Spanish Economy Minister Rodrigo Rato said on Thursday that there were only two candidates to replace European Central Bank vice-president Christian Noyer, and it seemed unlikely more would come forward.
The increasingly transparent Greenspan fed
FEATURE - Tuesday's decision by the Federal Open Market Committee that it would announce the roll call of the vote on the federal funds rate target, including the policy choice of any dissenters after each meeting, was the latest veil in its legendary…
India RBI favour forming gold exchange - Dep gov
INDIA - The Reserve Bank of India will favor any industry proposal to form a gold exchange as the idea is "theoretically sound," said RBI Deputy Governor Y.V. Reddy Thursday.
Korea's central bank upbeat on growth
SOUTH KOREA - South Korea's central bank has raised its forecast for economic growth in 2002 after a robust performance in the October to December period last year.
Argentina props up ailing peso
ARGENTINA - Argentina's Central Bank is thought to have intervened in the currency markets to support the ailing peso.
Swiss nat bank sells 9.4 tons of gold to 20 March
SWITZERLAND - The Swiss National Bank sold around 9.4 metric tons of gold in its latest 10-day reporting period ended 20 March, the central bank's regular statistics report showed Thursday.
Russia's new central bank chief
FEATURE - Promising little change to exchange-rate policy but progress on stalled banking change, Sergei Ignatyev was overwhelmingly elected Russia's Central Bank chief Wednesday by the lower house of parliament.
Bank of Japan leaves monetary policy unchanged
JAPAN - The Bank of Japan left monetary policy unchanged on Wednesday but said that if necessary it would provide extra liquidity to secure financial market stability towards the end of the fiscal year.
Speech by Edward George, Bank of England, 19 Mar
SPEECH - In the speech George again sought to reassure markets that last year's series of interest rate cuts was unlikely to be reversed any time soon.
Bank of England/NOP Inflation Attitudes Survey
NEWS RELEASE - Bank of England/NOP Inflation Attitudes Survey, 19 March.
Federal Reserve Press Release, 19 March
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the MPC meeting 6-7 March, released 20 March.
European Parliament Press Release
PRESS RELEASE - ECB confident on recovery and on inflation soon falling below 2%, 20 March.
Issing, Euro 12 govts must speed up reform in 2002
BELGIUM - Euro-zone governments should take advantage of this year's economic recovery and speed up structural reforms shelved last year owing to the downturn, European Central Bank chief economist and executive board member Otmar Issing said Tuesday.
Russian Duma approve Ignatyev as central bank head
RUSSIA - Russia's lower house of parliament, the State Duma, Wednesday approved Sergei Ignatyev as chairman of the central bank.
MPC unanimity points to end of easing
UK - The interest-rate easing cycle may finally be over in the U.K. That seems the conclusion to be drawn from the latest set of Monetary Policy Committee meeting minutes, released by the Bank of England Wednesday. In a speech given Tuesday the Bank of…
Belgian econ cycle may lead eurozone by 1 quarter
BELGIUM - Belgium's business cycle leads the eurozone cycle by one calendar quarter, according to a study by the Belgian Planning Bureau, the government's economic think tank, reports Reuters.
Interest rates may not rise says Bank governor
UK - Sir Edward George, governor of the Bank of England, yesterday hinted that interest rates may not need to rise this year.
Irish central bank calls for risk control review
IRELAND - Ireland's central bank on Wednesday said it had told all the country's credit institutions to review their risk control systems in the wake of the $691 million trading scandal at Allied Irish Banks.
Brown to give euro evidence
UK - Chancellor Gordon Brown is to appear before a key committee of MPs to answer detailed questions about the government's economic tests for entering the euro.
'Father of euro' suggests common Asian currency
CHINA - Asia needs a common currency with China, Japan and the Republic of Korea at the centre, said Nobel Prize winner Robert Mundell, in China on Tuesday reports New China News Agency.
Speech by Robert Parry, San Francisco Fed, 7 Mar
SPEECH - In the speech titled 'The U.S. Economy in 2002' Parry said he sees signs the U.S. economy is turning around, and that the outlook for business investment in equipment and software is improving.
Speech by Ravi Menon of the MAS, 5 March
SPEECH - Menon said in the speech titled 'The Five "C"s in Banking: Emerging Issues and Policy Responses' that Singapore banks should switch auditors every five years to prevent potential conflicts of interest. "The new rule is necessary to cement…