Central Banking
Bank of England Inflation Report November 2001
REPORT - The Bank of England has published its inflation report for November 2001.
Argentina needs effective not unthinking support
ARTICLE - Ever since the emerging market financial crises of the 1990s, many in the international financial community have expressed deep scepticism about large financial assistance packages for countries in distress.
Britons still hold £540m in eurozone currencies
UK - Britons are hoarding more than £540m-worth of eurozone currencies, but only half the population realises the cash will be impossible to spend after February.
Bankers call for strict limits on bailout cash
CANADA - The Bank of England and Bank of Canada have launched a paper arguing for strict limits on International Monetary Fund bailouts for crisis-hit countries.
Russia c bank tightens banks' gold export controls
UK - The Central Bank of Russia published a directive Thursday obliging commercial banks to submit information on their export of gold ingots to the State Customs Committee within 10 days of the metal leaving the country.
ECB Issing sees euro-zone recovery, CPI fall in 02
GERMANY - European Central Bank chief economist Otmar Issing Monday reiterated his expectation that the euro-zone economy will recover next year.
Fed's Ferguson - US economy resilient
US - The U.S. economy appears to be shaking off the devastating impact of the 11 September attacks, says a key member of the U.S. Federal Reserve.
Fed's Santomero - Bank regulation may be a benefit
US - In response to the rhetorical question "does bank regulation help bank customers?" Anthony Santomero, president of the Federal Reserve Bank of Philadelphia, said "Sometimes yes. Sometimes no. It all depends."
Brown's proposals for reform of the IMF
UK - UK finance minister Gordon Brown says the IMF should be reformed and given more scope to pass judgement on member countries' economies.
Bank of Japan under pressure
JAPAN - The Bank of Japan was again under pressure from politicians as its two-day policy meeting began today. Worsening economic figures, despite cuts in the lending rate and injections of liquidity by the bank, have led to calls for inflation targeting.
Euro preparations are "catching up":Duisenberg
Belgium - Wim Duisenberg, the European Central Bank president, speaking at the European Union's Committee of the Regions yesterday said that small and medium-sized enterprises (SMEs) were "rapidly catching up" in time for Euro-day when notes and coins…
King: Little chance of UK recession
UK- Presenting the Bank's latest inflation report, Mervyn King, the bank's deputy governor, put the chances of recession at only one in 10.
Bank of Korea hosts Asian central bank meeting
SOUTH KOREA - The Bank of Korea will today host the "14th Pacific Basin Central Bank Conference" at its headquarters in Seoul the central bank said.
Euro level does not reflect"inner strength"
JAPAN - ECB Vice President Christian Noyer speaking at a financial symposium in Tokyo for the introduction of euro notes and coins, said that there was room for the euro to appreciate.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Address by Horst Kohler, Managing Director, International Monetary Fund, St. Michael, Barbados, 5 November.
Bank of Canada Review Autumn 2001
RESEARCH - Predictability of Average Inflation over Long Time Horizons by Allan Crawford. Short summary.
Speech by the Vice-President European Central Bank
SPEECH - Speech by C. Noyer, Vice-President of the European Central Bank, at the 30th Anniversary of the Association of Foreign Banks' Representatives, Frankfurt, 8 November.
Euro entry criteria - we are halfway there already
LETTER - A letter published in the London edition of the Financial Times, 13 November.
China, HK banks to share retail expertise - HKMA
HONG KONG - Banks from China and Hong Kong can cooperate closely on retail banking business, such as swapping information about the credit standing of borrowers, Hong Kong's de facto central bank chief said last Thursday.
Further fall takes UK headline inflation rate 1.6%
UK - The headline rate of inflation fell further last month, as mortgage lenders passed on the Bank of England's September interest rate cut to customers.
Brazil currency rally unlikely to get c bank boost
BRAZIL - A reversal of Brazil's economic fortunes appears to be in the cards as a feeling that the worst is over quickly spreads across local markets, triggering a strong rally in the embattled real.
ECB gives timetable for non-rate policy meetings
ECB - The ECB from now on will discuss monetary policy and announce rate decisions only once a month, usually at its first meeting in the month.
EU candidates should avoid forex fluctuations
UK - Countries seeking to join the European Union will be well-adviced to avoid excessive exchange rate fluctuations against the euro, European Central Bank Vice President Christian Noyer said Monday.
EU accepts world trade deal
DOHA - A new round of global trade negotiations is moving closer to be launched, as the six-day ministerial meeting in Doha draws to a close.