Central Banking
ECB Press Release
PRESS RELEASE - Publication of papers of the workshop 'The role of policy rules in the conduct of monetary policy', 1 July.
ECB Working Paper Series, No 154
WORKING PAPER - The Euro bloc, the Dollar bloc and the Yen bloc: how much monetary policy independence can exchange rate flexibility buy in an interdependent world?, by Marcel Fratzscher, June 2002.
Bank of England News Release
NEWS RELEASE - The Dutch Legacy, Go Dutch at the Bank of England's Museum in Bartholomew Lane, EC2, 2 July.
Chicago Fed National Activity Index
REPORT - In May, the Chicago Fed National Activity Index increased to -0.07 from -0.28 in April. The index has been negative in 22 of the 23 months since June 2000. Released 1 July.
Central Bank of Austria - Annual Report 2001
ANNUAL REPORT - The Oesterreichische Nationalbank, Austria's central bank, has published its Annual Report for 2001.
Duisenberg steps up ECB anti-inflation rhetoric
GERMANY - European Central Bank President Wim Duisenberg on Tuesday warned against the risks of inflation, keeping markets guessing on the eve of a bank policy meeting about whether it would raise interest rates.
Fed's McDonough - Price stability has many virtues
POLAND - In a speech extolling the virtues of central bank independence, Federal Reserve Bank of New York President William McDonough reiterated the importance of maintaining price stability for an economy.
Bank plans to unveil Islamic 'credit card'
UAE - National Bank of Sharjah (NBS), which enjoys the rare distinction of being the world's first and the only conventional bank to have converted into an Islamic bank, is planning to launch an Islamic 'credit' card, reports Gulf News.
Forecasters' vision clouds during turning points
US - Research by the Federal Reserve Bank of Atlanta on economic forecasts by The Wall Street Journal in the last 16 years showed that accuracy was low at crucial points of the economy, with forecasters missing out on the aggressive rate cuts of the…
Argentina central bank sees 11 bln pesos leaving
ARGENTINA - The central bank said it expects 11 bln pesos to be withdrawn from the Argentine financial system in the second half of 2002, daily newspaper Clarin reported.
Trichet urges 'ambitious' reforms in France
FRANCE - Jean-Claude Trichet, the governor of the Bank of France, yesterday threw his weight behind efforts to reshape the centralised French economy with a call for "ambitious structural reforms".
Portuguese central bank report delayed by enquiry
PORTUGAL - The Portuguese central bank has delayed its 2001 annual report on the economy, due out yesterday, Monday, until September to await the results of an enquiry into the public deficit, a Bank of Portugal source said.
Confidence boosted as Japan shows recovery signs
JAPAN - Japan's export-led economic recovery fuelled a record improvement in sentiment among large manufacturers in a survey of business confidence. However the survey also highlighted the risk to Japan's economic health from the yen's recent rise…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 20 and 21 May, released 1 July.
Speech by Masaru Hayami, Bank of Japan, 1 July
SPEECH - In his opening speech to the Tenth International Conference held by the Institute for Monetary and Economic Studies, Hayami said he was convinced that with experts from all over the world exchanging their experiences and views, the conference…
Basel Committee on Banking Supervision
REPORT - Results of Quantitative Impact Study 2.5, July 2002, released 1 July.
Speech by T Padoa-Schioppa of the ECB, 29 June
SPEECH - In a speech titled 'The Euro Goes East' Padoa-Schioppa says the evidence suggests that the euro has smoothly and successfully replaced the legacy currencies, notably the DM, in the region to the east of the EU.
European Central Bank Press Release
PRESS RELEASE - Annual publication of the "Preliminary list of Monetary Financial Institutions in the accession countries" (with reference date as at the end of December 2001), 28 June.
International Monetary Fund News Brief
NEWS BRIEF - IMF's Kohler Welcomes Progress in Talks with Argentina, 28 June.
Speech by K Persson of Sveriges Riksbank, 1 July
SPEECH - Persson's speech titled 'On the verge of Eurosystem membership - challenges from a Swedish perspective' highlights how possible Swedish membership of Stage Three of EMU could affect the Swedish labour market and goes on to discuss the changes to…
Banco Central do Brasil Inflation Report June 2002
REPORT - Banco Central do Brasil, Brazil's central bank, has released it's Quarterly Inflation Report for June 2002.
Monetary union on schedule for GCC states
UNITED ARAB EMIRATES - Gulf Cooperation Council (GCC) states are pushing ahead with an historic agreement to create an EU-style monetary union reports Gulf News. Officials said this week they are hopeful the project will materialise on schedule in 2010…
Credit card boom assessed in Thailand
THAILAND - Recent research suggests that changes made by Thailand's central bank to the requirements for card applicants could double the number of credit cards held in the country by the end of the year.
For-ex reserves cross $57-bn mark in India
INDIA - India's foreign exchange reserves have shot up by half a billion dollars in one week to cross the $57 billion mark during the week ended 21 June.