Central Banking
French prosecutor recommends no trial for Trichet
FRANCE - The Paris prosecutor's office recommended last Friday that Jean-Claude Trichet, the governor of the Bank of France, should not be put on trial over the Credit Lyonnais bank scandal, thus easing his chances of succeeding Wim Duisenberg at the ECB.
Speech by M Moskow, President, Chicago Fed, 23 May
SPEECH - SPEECH - Moskow gave a speech Thursday titled 'Benefits of Open Markets and Expanded Trade', in it he said "because the downturn was moderate, we expect that the early stages of this recovery will also be moderate by historical standards."
HKMA Quarterly Bulletin - May 2002
REPORT - The Hong Kong Monetary Authority has issued its Quarterly Bulletin for May 2002. It includes one article comparing the flexibility in Argentina and Hong Kong, and others examining exchange rate and monetary policy in Hong Kong.
Speech by Ian Macfarlane of the RBA, 31 May
SPEECH - Ian Macfarlane, governor of the Reserve Bank of Australia, delivered his twice-yearly opening statement to House of Representatives Standing Committee on Economics, Finance and Public Administration on 31 May.
Japan's Balance of Payments for 2001
REPORT - In the balance of payments for 2001, the current account surplus registered 11.1 trillion yen, a decline from the surplus of 12.6 trillion yen in 2000. The capital and financial account recorded a net outflow of 7.0 trillion yen, down from a net…
Danmarks Nationalbank - Financial Stability 2002
REPORT - Danmarks Nationalbank has published a new annual publication on financial stability in Denmark. Governor Bodil Nyboe Andersen said, "Our analyses show that overall Danish banking institutions are robust, but there has been a slight decrease in…
Speech by Guy Quaden, N. Bank of Belgium, 14 May
SPEECH - Guy Quaden, governor of the National Bank of Belgium, gave a keynote address at the OECD Forum in Paris titled 'The Euro - a milestone on the path of European integration and a contribution to world economy stability' on 14 May 2002.
Speech by David Carse, HKMA, 24 May
SPEECH - David Carse, deputy chief executive of the Hong Kong Monetary Authority, gave a speech titled 'Documentation risk, operational risk and the New Capital Accord' to the Asia Pacific Loan Market Association at the JW Marriott Hotel in Hong Kong, 24…
Eurozone inflation falls but M3 grows
GERMANY - A marked drop in euro zone inflation in May strengthened beliefs that the ECB will hold fire on interest rates, although its key money gauge M3 moved further away from its benchmark of 4.5%, growing to 7.5% from 7.3% in March.
Moody's downgrades Japan by two more notches
JAPAN - Ratings agency Moody's Investors Service has downgraded government bonds issued by Japan - the world's second biggest economy - by two notches to the same status as those from Latvia and Poland.
IMF approves Zambian funds
ZAMBIA - The International Monetary Fund (IMF) has approved $317m (£216.4m) financing for Zambia's 2002 economic plan to target poverty reduction.
Chicago Fed national index negative in April
USA - The Federal Reserve Bank of Chicago said on Thursday its National Activity Index was mired in negative territory for the 22nd consecutive month in April at a level of -0.22.
Fed's McTeer-US rebound like 'jobless recovery'
CANADA - Federal Reserve Bank of Dallas President Robert McTeer said on Thursday that the US economy's rebound from recession resembled a jobless recovery.
Australian interest rates 'to soar'
AUSTRALIA - Interest rates may have to rise by two percentage points in Australia to cut the risk of overheating, the country's central bank chief has warned.
Argentina scraps key economic law
ARGENTINA - Argentine senators have ditched a controversial law that has been putting off international lenders. The IMF has made abolition of Argentina's so-called economic subversion law a condition for lending to the cash-strapped nation to restart.
Speech by M Moskow, President, Chicago Fed, 16 May
SPEECH - In a speech titled 'Economic Outlook' Moskow said "While certain sectors of the economy are still experiencing hard times, overall activity has recovered from the recession we suffered last year and we appear to be on our way to a moderate…
Speech by Masaru Hayami, Bank of Japan, 30 May
SPEECH - In a speech titled 'The Economy: Recent Developments and Challenges' Hayami said that although the yen weakened last year, since spring "the yen has been rising and the dollar has been falling. People are scaling back their expectations for the…
European Central Bank Publication
REPORT - Developments in Banks' Liquidity Profile and Management, May 2002.
Norges Bank Press Release, 30 May
PRESS RELEASE - The Government Petroleum Fund records a 0.6 per cent return in the first quarter, 30 May.
Sveriges Riksbank Press Release
PRESS RELEASE - Backstrom: Earlier assessments still largely apply, 29 May.
Research from the St Louis Fed
REPORT - The Federal Reserve Bank of St. Louis Review, May/June 2002.
Papademos to make ECB debut at Eurogroup as No.2
GERMANY - Incoming European Central Bank Vice President Lucas Papademos will make his debut as the bank's number two at the Eurogroup meeting of euro zone finance ministers in Luxembourg on Monday.
Central banker executed for fraud in China
CHINA - China has executed a former central bank official for fraud, according to the official Xinhua state news agency on Thursday.
Argentina debates economic law change
ARGENTINA - Argentine senators are due to discuss whether to repeal a controversial law which has been putting off international lenders on Thursday.