Central Banks
Argentina's Todesca - Ctrl bank has issued ARS350M
ARGENTINA - Argentina's central bank has already printed 350 million pesos of the 3.5 billion ($1=ARS2.025) it said it will print this year, Deputy Economy Minister Jorge Todesca told local media over the weekend.
Gold loses its shine as banks sell, costs fall
AUSTRALIA - A third of the gold ever mined, or 30,000 tonnes, is stored in central banks around the world. The banks want to lower their reserves in favour of higher yielding investments such as bonds and currency.
Padoa-Schioppa- ECB "satisfied" by German promises
ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…
Swiss SNB sold 9.82 tons of gold in past 10 days
SWITZERLAND - The Swiss National Bank sold around 9.82 metric tons of gold in the 10-day reporting period ended Wednesday, the central bank's regular statistics report showed Thursday.
Speech by Jack Guynn President Atlanta Fed, 25 Feb
SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…
Atlanta Fed's Guynn sees slow-paced U.S. recovery
US - Atlanta Federal Reserve Bank President Jack Guynn predicted on Monday that the U.S. economy's recovery from recession will be slower than in the past recoveries, with consumer spending and housing unlikely to lend the usual kick.
Speech by US Treasury Sec, Paul O'Neill, 25 Feb
SPEECH - Address of US Treasury Secretary Paul O'Neill before the Chicago Economic Club, Chicago, Illinois, 25 February.
Bank of England News Release
News Release - HM Government Gold Auction Programme: Announcement of Auction, 26 February.
Survey of Professional Forecasters
RESEARCH - The U.S. economy will rebound sooner rather than later, according to 35 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters expect stronger growth over the next three quarters than they projected in the survey of…
Roth - Independent Swiss franc an important asset
SWITZERLAND - Swiss National Bank President Jean-Pierre Roth said Tuesday that an independent Swiss franc is an important asset for Switzerland's financial sector.
Japan govt looks to great depression for econ fix
ARTICLE - More than a decade of economic stagnation, marked by financial crisis and deflation that brings the economy to its knees. Then, remarkably, a rapid recovery after a debt-buying binge by the central bank.
Speech by Wim Duisenberg, ECB President, 25 Feb
SPEECH - In the speech titled 'China and the euro area in a global perspective' Duisenberg said confidence in most countries was shaken by the attacks on U.S. cities on 11 September, but the world economy has proved resilient and there are growing signs…
Bank of England Discussion Paper
RESEARCH - Bank of England, External MPC Unit Discussion Paper No.7 'The Future of Macroeconomic Policy in the European Union' by Christopher Allsopp, February 2002.
Speech by Eva Srejber of Sveriges Riksbank, 25 Feb
SPEECH - In the speech titled 'Monetary policy and inflation expectations' the hawkish Eva Srejber said the economic slowdown was in its final stages and a 25 basis point rate rise was necessary to control how fast the economy would rebound.
Argentina's Galicia aims for debt accord this week
ARGENTINA - Argentina's largest private bank, Banco Galicia , expects this week to find a foreign partner to reduce its $1.5 billion debt as financial crisis hits the embattled sector, a company executive said on Monday.
Swedish c.bankers signal tighter monetary policy
SWEDEN - Two senior Swedish central bankers on Monday reinforced expectations that interest rates will be raised, possibly already next month, sending the crown and short-term yields sharply higher.
Bundesbank reform likely despite state fears
GERMANY - The German government's reform of the Bundesbank should take place on schedule in May, despite regional states' fear they will lose their power to shape policy in Europe's monetary union, an official said on Monday.
Fake note scam hits 50 shops
IRELAND - Forged euro notes were handed in to 50 Irish businesses last week, it emerged yesterday.
Regulators not in real world, says McFarlane
AUSTRALIA - The ANZ Bank CEO, John McFarlane, has spoken out against Australia's financial regulators.
Polish c bank says early euro benefit to E Europe
POLAND - The early adoption of the euro by European Union accession countries will reduce economic turbulence in those nations and will not damage confidence in the single currency, Polish central bank governor Leszek Balcerowicz said on Monday.
Chinese c.bank chief says supports stable euro
CHINA - China's central bank governor Dai Xianglong said on Monday Beijing supports a stable euro but that he did not understand why the unified currency had lost value to the dollar since its inception.
Duisenberg sees global recovery, risks remain
GERMANY - European Central Bank President Wim Duisenberg said on Monday he expected a mild recovery of the global economy this year with euro zone growth reaching its long-term potential by the end of 2002.
Bank of England Working Paper
RESEARCH - Bank of England Working Paper Series, How uncertain are the welfare costs of inflation? by Hasan Bakhshi, Ben Martin and Tony Yates, 22 February.
Reserve Bank of Australia Bulletin, February 2002
REPORT - RBA Statement on Monetary Policy, 21 February 2002.