Central Banking
Regulators not in real world, says McFarlane
AUSTRALIA - The ANZ Bank CEO, John McFarlane, has spoken out against Australia's financial regulators.
Polish c bank says early euro benefit to E Europe
POLAND - The early adoption of the euro by European Union accession countries will reduce economic turbulence in those nations and will not damage confidence in the single currency, Polish central bank governor Leszek Balcerowicz said on Monday.
Chinese c.bank chief says supports stable euro
CHINA - China's central bank governor Dai Xianglong said on Monday Beijing supports a stable euro but that he did not understand why the unified currency had lost value to the dollar since its inception.
Duisenberg sees global recovery, risks remain
GERMANY - European Central Bank President Wim Duisenberg said on Monday he expected a mild recovery of the global economy this year with euro zone growth reaching its long-term potential by the end of 2002.
Bank of England Working Paper
RESEARCH - Bank of England Working Paper Series, How uncertain are the welfare costs of inflation? by Hasan Bakhshi, Ben Martin and Tony Yates, 22 February.
Reserve Bank of Australia Bulletin, February 2002
REPORT - RBA Statement on Monetary Policy, 21 February 2002.
Reserve Bank of Australia Bulletin, February 2002
REPORT - RBA Recent Developments in Small Business Finance, 21 February 2002.
Federal Reserve Bank of Philadelphia, News Release
NEWS RELEASE - The Federal Reserve Bank of Philadelphia today released its Business Outlook Survey for February. For the second month, responses from manufacturing firms indicate an increase in activity. However, employment is still reported to be in…
Press Briefing by the IMF's Anne Krueger
PRESS BRIEFING - Transcript of a Press Briefing (Luncheon) on Japan by Anne O. Krueger, First Deputy Managing Director, International Monetary Fund, Tokyo, Japan, 25 January - Published 21 February.
Speech by M Moskow, President, Chicago Fed, 22 Feb
SPEECH - Housing Opportunity Partnership for Southeast Wisconsin (HOPS) Report to Partners Conference Italian Community Center Milwaukee, Wisconsin, 22 February.
Speech by D Latibeaudiere, Bank of Jamaica, 20 Feb
SPEECH - Statement by Derick Latibeaudiere, Governor of the Bank of Jamaica, Quarterly Press Briefing, 20 February.
Interview with Russia's central bank chief
INTERVIEW - Interview with Russia's central bank chairman Viktor Gerashchenko at the State Duma Committee for credit organisations and financial markets. Chairman Alexander Shokhin and regional banks association president Alexander Murychev.
Questions for Chairman Greenspan
ARTICLE - By Tom Schlesinger at the Financial Markets Center, Virginia, 20 February.
India's Jalan- High FX reserves hedge uncertainty
INDIA - India's growing foreign exchange reserves - at record high levels and expected to touch $50 billion by the end of the fiscal year 31 March - "take into account every uncertainty," Reserve Bank of India Governor Bimal Jalan said Friday.
Bundesbank - 10% D mark bills still in circulation
GERMANY - The amount of Deutsche mark bills still in circulation is about 10% of the level at the end of 2000, the Deutsche Bundesbank said Friday.
Padoa-Schioppa, ECB "satisfied" by German promises
ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…
Rate cut by Brazil's central bank chief
BRAZIL - Central bank governor Arminio Fraga's surprise move to cut interest rates marks a shift in strategy, and a gamble, as he weighs the need to contain inflation yet entice investors in a presidential election year.
Minutes from 1996 Fed meetings bear out
US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…
Fed wants banks' help with cash - handling
US - The Federal Reserve says its resources are increasingly taxed by banks' growing habit of placing currency on deposit with the central bank, and it plans to call on bankers to figure out a solution to the problem.
Currency dealing liberalised in China
CHINA - The central bank has eased controls on foreign-exchange dealing by domestic banks to put them on an equal footing with foreign competitors, it was reported.
CBA hits Reserve, playing "social policy" on cards
AUSTRALIA - On Thursday Commonwealth Bank of Australia (CBA) attacked the Reserve Bank over its proposed credit card reforms.
Spain sees ECB Noyer's succession settled in March
FRANCE - A successor to European Central Bank Vice President Christian Noyer will be chosen at a European Union summit in Barcelona in mid-March, Spanish Economy Minister Rogdrigo Rato said in an interview published on Thursday.
Speech by Fed Reserve Governor Ed Gramlich, 20 Feb
SPEECH - In the speech titled 'Consumption and the Wealth Effect: The United States and the United Kingdom' Gramlich said the run-up in household wealth in the late 1990s - in the form of rising stock and home prices - clearly affected consumer spending,…
Speech by David Dodge of Bank of Canada, 20 Feb
SPEECH - In the speech titled 'Canada's Experience with Inflation Targets and a Flexible Exchange Rate: Lessons Learned' Dodge said that both Canada and the global economy seem to have turned the corner, and believed modest growth in Canada would pick up…