Central Banks
Fed's Meyer - A little inflation better than none
US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.
Currency Crises and Uncertainty About Fundamentals
WORKING PAPER - International Monetary Fund Working Paper by Alessandro Prati and Massimo Sbracia, Research Department, January 2002.
Bank of Japan Statement - Monetary Policy Meeting
NEWS RELEASE - Statement from the Bank of Japan regarding the Monetary Policy Meeting held on 16 January 2002.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy the United States is now "on the positive side" and predicted stronger growth later on this year.
Speech by Leszek Balcerowicz of Nat Bank of Poland
SPEECH - Balcerowicz suggests in his speech that 'The strategy on behalf of the EU should be not to delay the entry of the candidate countries into EMU but to encourage the candidates to complete structural reforms.
Argentina may float currency freely soon
ARGENTINA - Argentina's President Eduardo Duhalde has said that it may float the peso entirely in a few months time.
Shoppers and forgers move to euro
EUROPE - Two weeks after the launch of euro notes and coins, more than 90% of transactions in Ireland are being made in the currency, the country's official changeover body said.
O' Neill says US outlook 'positive'
US - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy is now "on the positive side", predicting stronger growth later on this year.
India RBI - Easier liquidity policy boosts econ
INDIA - The Reserve Bank of India Deputy Governor Y.V. Reddy said Wednesday that the bank will continue to follow its easier liquidity policy to boost the economy.
BOE gold auction fifth of six planned auctions
UK - The Bank of England Wednesday auctioned 20.0 metric tons of gold, or 643,200 ounces, at an allotment price of $283.50 per troy ounce.
Sterling may not have to enter ERM to join euro
UK - Brussels has smoothed the path to British entry to the euro, by suggesting that sterling might not have first to rejoin the Exchange Rate Mechanism for two years.
China's bank chief criticises low value of yen
CHINA - The governor of China's central bank offered an unambiguous criticism on Tuesday of the Japanese yen's recent depreciation, saying it was putting pressure on the Chinese currency and would bring no good to Japan or the rest of Asia.
Argentina's president calls for unity
ARGENTINA - Argentina's President, Eduardo Duhalde, has called for an "historic national dialogue" to take the country out of the worst economic crisis of its history.
IMF chief calls for open markets
US - The head of the International Monetary Fund (IMF) has blasted the US, the European Union and Japan for continuing to aid farmers and manufacturers within their countries at the expense of poor nations.
ECB chief: Prices safe from euro launch
EUROPE - Fears of rising prices across Europe as retailers cash in on the change to the euro have been confounded, according to the head of the European Central Bank.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech 'Economic Outlook' Michael Moskow said "I must emphasize that we still face a period of uncertainty," he said. Moskow added that the uncertainty stemmed from the risk of further attacks on U.S. soil, weakness in economies abroad…
Fed's Moskow sees some signs US economy improving
US - The U.S. economy is in a transition period with "scattered signs" of improvement but the timing of a full recovery is still uncertain, Federal Reserve Bank of Chicago President Michael Moskow said on Monday.
Research by the Fed Bank of Minneapolis
RESEARCH - From The Region, December 2001 published by the Federal Reserve Bank of Minneapolis. The Federal Reserve and Electronic Payments. What do considerations of principle, experience and reputation tell us? By Gary H. Stern, President.
Speech by Eddie George, Bank of England Governor
SPEECH - In the speech Sir Edward said that the timing of any rise in interest rates would depend on the strength of the global recovery. He described himself as "reasonably optimistic" about the prospects of an improvement later in the year, but said…
Eddie George cautious on interest rate rise
UK - Sir Edward George, governor of the Bank of England, last night played down expectations that the Bank might soon put up interest rates, saying: "I do not suggest that the timing of any such move is imminent."
Speech by Wim Duisenberg, President of the ECB
SPEECH - In the speech Wim Duisenberg was very positive about the introduction of the euro and said that "there has been little evidence so far of the changeover affecting the average level of prices and we do not expect any noticeable effect on the…
Japan to unfreeze deposits of Afghan central bank
AFGHANISTAN - The Japanese government said Tuesday it will unfreeze the 77 million yen in deposits held in Japan by Afghanistan's central bank in line with the inauguration of an interim administration in the war-torn country.
Federal Reserve Press Release, 14 January
PRESS RELEASE - Laurence H. Meyer submitted his resignation Monday as a member of the Board of Governors of the Federal Reserve System, effective the last day of his term, January 31, 2002.
Federal Reserve governor Meyer to step down
US - Federal Reserve governor, Laurence H. Meyer, said today that he would step down from the seven-member board when his term expires at the end of the month.