Central Banking
Peru's central bank moves to inflation targeting
PERU - Peru's central bank has made inflation targeting its main tool for signalling the direction of monetary policy, Central Reserve Bank of Peru President Richard Webb said Tuesday.
Reserve Bank of Australia - Media Release
MEDIA RELEASE - Senior Management Changes, 29 January.
Speech by Masaru Hayami, Governor, Bank of Japan
SPEECH - In the speech titled 'Toward Revitalization of Japan's Economy' Hayami said it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.
Hayami says weak yen no solution to Japan's woes
JAPAN - Bank of Japan Governor Masaru Hayami said on Tuesday it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.
Speech by Stanley Fischer of the IMF
SPEECH - In his speech titled 'Breaking Out of the Third World: India's Economic Imperative' Fischer said the Indian monetary policy of not trying to peg a particular value for the rupee was good economics and that all the eight countries which…
Fischer suggests managed floating currency system
INDIA - The Indian monetary policy of not trying to peg a particular value for the rupee was good economics, Stanley Fischer said here today. The former first deputy managing director of the International Monetary Fund was speaking at a seminar organised…
Testimony of Richard Spillenkothen of the Fed
TESTIMONY - In his testimony titled 'Antiterrorism initiatives' Spillenkothen said that the Federal Reserve has a significant commitment to the bank regulatory community's anti-money laundering and anti-terrorism mission and that we will continue our…
Chicago Fed Letter, February 2002
REPORT - According to research in the latest Chicago Fed Letter, improvements in average worker skill levels have slowed and are likely to continue to slow the rest of this decade, which could negatively impact U.S. productivity growth in years to come.
IMF News Brief, 28 January
NEWS BRIEF - IMF, World Bank and IDB Working Closely to Help Argentina.
Argentina seeks US backing
ARGENTINA - Argentina's government has begun crucial financial talks in Washington, as forecasts show the economy is set to contract sharply this year despite the devaluation of the peso.
Japan jobless rate hits new high
JAPAN - Japan's unemployment has reached a new record high of 5.6%.
IMF team says dollar best currency for Afghanistan
AFGHANISTAN - A team of International Monetary Fund and World Bank experts visiting Afghanistan said on Tuesday it would make sense for the country to switch to the U.S. dollar in the short term.
ECB's Issing points to signs of recovery
SPAIN - Otmar Issing, the chief economist of the European Central Bank, said in an interview "the first signs of recovery are now appearing, but we still have to see what will be its scale. And we cannot rule out that it will end up being stronger than…
Australia's Res Bank appoint head of domestic mkts
AUSTRALIA - The Reserve Bank of Australia said Tuesday it has appointed Philip Lowe as head of its domestic markets department.
Govt plans supervisory board for Bank Indonesia
INDONESIA - The government plans to set up a supervisory board within Bank Indonesia as one of several measures under the new central bank bill to increase its accountability.
Bank of Latvia president nominates his deputy
LATVIA - Bank of Latvia president Ilmars Rimsevics has nominated as his deputy Andris Ruselis, the vice-president of Balta and Latva insurance companies, reported the Latvian parliament press service.
China considers central bank role
CHINA - China's policy makers appear to be contemplating the future role of the People's Bank of China as banking supervisor as the country prepares to open its financial system to foreign competition.
Basel Committee on Banking Supervision
REPORT - The Quantitative Impact Study for Operational Risk: Overview of Individual Loss Data and Lessons Learned, 28 January.
BIS Press Release
PRESS RELEASE - BIS international consolidated banking statistics - third quarter of 2001 released 28 January.
BIS consolidated international banking statistics
REPORT - The BIS consolidated international banking statistics - third quarter 2001 released 28 January.
Monetary developments in the euro area
REPORT - Monetary developments in the euro area: December 2001, released by the European Central Bank, 28 January.
Speech by Shigemitsu Sugisaki of the IMF
SPEECH - In the speech titled 'Global Prospects after September 11 and Implications for Japan' Sugisaki said that the Bank of Japan should set a deadline to end deflation and stop a cycle of falling prices in the world's second largest economy.
IMF official calls for Japan deflation deadline
US - A top International Monetary Fund (IMF) and former Japan Finance Ministry official said on Friday the Bank of Japan should set a deadline to end deflation and stop a cycle of falling prices in the world's second largest economy.
Argentine economy 'to shrink by 5%'
ARGENTINA - Argentina's economy is set to contract sharply this year, despite the devaluation of the peso. The country has been in recession for four years now