Central Banks
Venezuela's currency slides after floating
VENEZUELA - Venezuela's currency has fallen 3.9% to about 824 bolivars to the dollar after the government scrapped five-year old exchange rate controls.
Banks review systems for managing risk
UK - Risk managers at banks in Britain and Ireland are re-examining defences against rogue traders following the loss of $750m (£532m) by Allied Irish Banks last week.
Argentina's peso firms
ARGENTINA - Argentina's peso has gained 10% against the US dollar on its second day as a free floating currency in a decade.
Peso float buys time in Argentina
ARGENTINA - The controlled flotation of the Argentine peso on Monday bought President Eduardo Duhalde's government a little time to continue improvising a plan to rescue the country from financial collapse, but pressing issues remain unresolved in the…
BoJ report paints bleak picture of Japan's economy
JAPAN - The Bank of Japan on Tuesday painted a bleak picture of the world's second largest economy in its monthly report, pointing to lower capital investment, weak private consumption and a harsh lending environment for small companies seeking to raise…
Inflation leap adds to expectation of rate rise
UK - Inflation leapt in January, outstripping economists' expectations and raising fears that companies are exploiting surging consumer demand to push up prices.
ECB's Noyer - Euro Undervalued Vs Dollar
EUROPE - European Central Bank Vice President Christian Noyer said Wednesday the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound.
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - In the speech made 9 February Mboweni said there is a need for a mechanism to inject additional liquidity into the world economy during times of stress. He said that reform of the international financial system should also address the problem of…
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In the speech given 11 February Minehan said that while there are good reasons to be optimistic a recovery is at hand or in progress, she cautioned that U.S. consumers, who have remained resilient throughout - will not be able to lift the US…
Speech by Eva Srejber of Sveriges Riksbank
SPEECH - In the speech titled 'Life outside Euroland' Srejber said that the latest reports pointed to a transition period of between two and three years from a referendum until EMU entry. However, she said, "this preparation time can be shortened…
Bank of Japan Monthly Report
REPORT - Monthly Report of Recent Economic and Financial Developments from the Bank of Japan, February 2002.
Sovereign Debt Restructuring - Thomas C. Dawson
LETTER - A Letter By Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, 7 February.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Eugenio Domingo Solans, Miembro del Consejo de Gobierno y del Comite Ejecutivo del Banco Central Europeo, Intervencion en el Foro Financiero 2002 de ABC, Madrid, 11 de febrero del 2002. This speech is only in Spanish, 11 February.
Speech by Koh Yong Guan, MD of the MAS
SPEECH - Koh Yong Guan said in the speech that the central bank is issuing an industry consultative paper on "credit portfolio stress testing," and the feedback from this will be used to formulate the guidelines. "Financial institutions in Singapore can…
Bank of Israel Press Release
PRESS RELEASE - Developments in the Foreign-Currency Market, 12 February.
UK inflation posts sharp rise
UK - UK inflation has soared unexpectedly, making an increase in interest rates in March more likely.
Devaluation fears hit Nigeria's currency
NIGERIA - The Nigerian naira fell on the official currency market, following a slide on the black market on Friday on fears that a devaluation is imminent.
UAE mint coin for university silver anniversary
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
Czech National Bank shows loss for 2001
CZECH REPUBLIC - The Czech national Bank (CNB) posted a loss of CZK 28.6 bn in 2001, against a profit of CZK 2.5 bn in 2000, according to figures released by the bank.
Argentina has a month to get IMF aid, bankers say
ARGENTINA - Argentina may descend into a chaotic spiral of hyperinflation and social unrest unless the government can secure a massive IMF loan package in the next 30 days, local bankers and analysts said.
Reserve Bank of Australia Report
REPORT - The latest quarterly Statement on Monetary Policy has been released by the RBA, 11 February.
Central Bank of Sweden Press Release
PRESS RELEASE - Sveriges Riksbank's Lars Heikensten: Low-inflation environment has underpinned growth: four examples, 4 February.
The Riksbank's annual report 2001
PRESS RELEASE - The Executive Board of the Riksbank has taken a decision on the Riksbank's annual report for 2001. Net revenue amounted to SEK 19.3 billion, 8 February.
Federal Reserve Board FOMC Minutes
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from 19 November, 2001 to 11 December, 2001.