Central Banking
IMF Press Conference with Horst Kohler
PRESS CONFERENCE - Transcript of a Press Conference with Horst Kohler, Managing Director, International Monetary Fund, National Press Club, Washington, D.C. 17 April.
IMF statement on Argentina
STATEMENT - Statement by the IMF Mission to Argentina, 17 April.
The Recession that Almost Was
FEATURE - A Commentary by Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, 5 April.
Bush considers Kohn for Fed board US official says
US - U.S. President George W. Bush is seriously considering Donald Kohn, a top staffer at the U.S. Federal Reserve, for a seat on the U.S. central bank's board, a senior Bush administration official said on Thursday.
McDonough says Fed has time before rate hike
US - Federal Reserve Bank of New York President William McDonough said on Thursday the Fed is unsure about how strong the U.S. economy may be in the latter half of this year and can be patient before raising interest rates.
Korea to name c bank board member in next 2 weeks
SOUTH KOREA - South Korean President Kim Dae-jung will likely name a new member to the Bank of Korea's monetary policy board either next week or in the following week, a central bank official said Thursday.
Abachas reported to return $1bn to Nigeria
UK - The family of Sani Abacha, Nigeria's former dictator, has agreed to return $1bn ( £600m) in funds looted from the country's central bank in return for the dropping of theft and money laundering charges against Abacha's son and one of Abacha's…
ECB reform to cap votes not council size - Report
GERMANY - The European Central Bank wants to limit, through rotation, the number of governing council members that can vote on monetary policy after euro zone enlargement, a German newspaper reported on Thursday.
Convicted BI chief to miss IMF meeting
INDONESIA - Bank Indonesia Governor Sjahril Sabirin will skip the annual meeting of the International Monetary Fund (IMF) in Washington this weekend, following the conviction in the Bank Bali scandal last month that bans him from leaving the country.
No note solution to fake coins in Hong Kong
HONG KONG - The Hong Kong Monetary Authority appears reluctant to re-introduce the printing of HK$10 notes, despite a surge in counterfeit HK$10 coins last year.
Vietnam ctrl bk to expand open mkt ops by June
VIETNAM - Vietnam's central bank is planning to hold two sessions of open market operations a week, instead of one currently, to expand dong liquidity, a bank official said Thursday.
Speech by Ulrich Kohli, Swiss Nat Bank, 26 Feb
SPEECH - Kohli concludes in a speech titled 'Will the Euro Make the Swiss Franc Obsolete?' that as long as the SNB maintains an independent course of action, it will uphold the reputation of the Swiss franc as a safe and sound currency, and it will…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 3 and 4 April, released 17 April.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Official Cash Rate increased to 5.25 per cent, 17 April.
Basel Committee on Banking Supervision
PRESS RELEASE - Basel Committee on Banking Supervision supports collective action to halt terrorist funding, 17 April.
Basel Committee Publications No. 89
REPORT - Sharing of financial records between jurisdictions in connection with the fight against terrorist financing, April 2002.
European Parliament Press Release
PRESS RELEASE - ECB Vice-Presidency - Nomination hearing for Lucas Papademos, European Parliament, Brussels, 22 April.
Testimony of Fed Chairman Alan Greenspan, 17 Apr
TESTIMONY - In testimony to the US Congress titled 'Monetary policy and the economic outlook' Greenspan said the strength of the current U.S. economic recovery was not yet clear and praised the economy's resilience in the face of some difficulties, "but…
Speech by U Backstrom of Sveriges Riksbank, 17 Apr
SPEECH - In the speech 'Perspective on the inflation target' Backstrom said the Swedish economy may be close to, or even above, full resource utilisation noting this posed a risks to future inflation.
Greenspan dampens rate hike fears
US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.
EU Parliament committee to question Papademos
BELGIUM - European Central Bank Vice President nominee Lucas Papademos will testify before the European Parliament's Economic and Monetary Affairs Committee (EMAC) on 22 April, the Parliament said on Wednesday.
Polish premier calls for interest rate cut
POLAND - Prime Minister Leszek Miller said on Wednesday he hoped that the Monetary Policy Council (RPP) would support the government in implementing its economic programme by cutting interest rates.
Key Duma committees back three for CBR board
RUSSIA - The Duma Banking and Budget Committees supported Wednesday the candidacies of Oleg Vyugin, Andrei Kozlov and Nadezha Ivanova for the Central Bank of Russia (CBR) Board of Directors.
FX traders to kiss goodbye to settlement risk
FEATURE - Currency traders, more aware of the potential for disruption in the financial system after September 11, should draw comfort from a long-awaited settlement system linked to central banks that is due to go live this year.