Central Banking
ECB Press Release
PRESS RELEASE - Monetary developments in the euro area: January 2002, 27 February 2002.
Bank of Japan research paper
RESEARCH - Research from the Institute for Monetary and Economic Studies, Bank of Japan. Japan's Financial System: Its Perspective and the Authorities' Roles in Redesigning and Administering the System. By Naohiko Baba and Takamasa Hisada, February 2002.
HKMA Press Release
PRESS RELEASE - Real Time Gross Settlement (RTGS) Systems in Hong Kong and Reuters Dealing 3000.
Testimony of Fed Chairman Alan Greenspan, 27 Feb
TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…
Monetary Policy Report to the Congress
REPORT - Federal Reserve Board Monetary Policy Report to the Congress, 27 February.
Greenspan says US economic recovery may be weak
US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…
BofE George warns of possible threat to inflation
UK - Sir Edward George, the governor of the Bank of England, has warned of the risk that the economy will slow further at the same time as the pound falls, putting upward pressure on inflation.
Japan urged to adopt British-style economic reform
UK - The British government will today urge Japan to press ahead with privatisation and other structural reforms as the best way to pull the country out of its deepening economic crisis.
New Middle East development bank proposed
BELGIUM - The European Commission will on Wednesday unveil proposals for a new development bank for Mediterranean and Middle East countries amid a debate over the European Union's political and economic role in the region.
Bundesbank reform heads toward final hurdle
GERMANY - Germany's reform of the once mighty Bundesbank headed toward its final parliamentary hurdle on Wednesday but a last-minute change cast doubt on when the changes would take effect, parliamentary officials said.
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Speech by T Padoa-Schioppa of the ECB, 22 Feb
SPEECH - In the speech Padoa-Schioppa said it was unrealistic to think of moving responsibility for banking supervision to the ECB and co-operation at a national level was more appropriate.
Draft deflation plan set to disappoint
JAPAN - Fears are growing that the Japanese government's latest plan to revive the economy will fall short of expectations.
O'Neill: 'Enron to trigger stricter laws'
US - US Treasury Secretary Paul O'Neill has weighed into the debate about how to prevent any repetition of the Enron scandal with proposals to tighten the law on negligence.
Dow Jones closes at 7-week high
US - Strong US house sales and upbeat forecasts from a string of major companies including auto giant General Motors sent Wall Street shares soaring on Monday.
IMF's Krueger - World economy near turning point
UK - The world economy is at or near a turning point, which makes it difficult for central banks to make the right decisions on interest rates, International Monetary Fund First Deputy Managing Director Anne Krueger said Monday.
Argentina's Todesca - Ctrl bank has issued ARS350M
ARGENTINA - Argentina's central bank has already printed 350 million pesos of the 3.5 billion ($1=ARS2.025) it said it will print this year, Deputy Economy Minister Jorge Todesca told local media over the weekend.
Greece needs more structural reforms-cen bank
GREECE - Greece needs to proceed with additional structural reforms in order to boost the economy's competitiveness in the eurozone, the Bank of Greece and The Brookings Institution, said on Monday.
Gold loses its shine as banks sell, costs fall
AUSTRALIA - A third of the gold ever mined, or 30,000 tonnes, is stored in central banks around the world. The banks want to lower their reserves in favour of higher yielding investments such as bonds and currency.
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…
Swiss SNB sold 9.82 tons of gold in past 10 days
SWITZERLAND - The Swiss National Bank sold around 9.82 metric tons of gold in the 10-day reporting period ended Wednesday, the central bank's regular statistics report showed Thursday.
Speech by Jack Guynn President Atlanta Fed, 25 Feb
SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…
Atlanta Fed's Guynn sees slow-paced U.S. recovery
US - Atlanta Federal Reserve Bank President Jack Guynn predicted on Monday that the U.S. economy's recovery from recession will be slower than in the past recoveries, with consumer spending and housing unlikely to lend the usual kick.
Speech by US Treasury Sec, Paul O'Neill, 25 Feb
SPEECH - Address of US Treasury Secretary Paul O'Neill before the Chicago Economic Club, Chicago, Illinois, 25 February.