Central Banking
Latvian central banker Repse cleared of corruption
LATVIA - While finding no anti-corruption violations in actions by Bank of Latvia president in announcing one-time collection of donations as royalties he would receive for heading a new right-wing party, the Prosecutor General's Office though warned him…
Speech by Tony Latter, Deputy Chief Executive HKMA
SPEECH - Address by Tony Latter, Deputy Chief Executive, Hong Kong Monetary Authority at the Seminar Programme of the FOW Derivatives Expo, Hong Kong, 5 November.
Federal Reserve cuts rates to lowest since 1961
UNITED STATES - Struggling to reverse the slide in the U.S. economy, or at least to slow it, the Federal Reserve cut short-term interest rates on Tuesday by half a percentage point, to 2 percent, the lowest level since the 1960s.
Australia leaves interest rates unchanged
AUSTRALIA - Australia's central bank has opted to keep its interest rates unchanged on Wednesday despite the US Federal Reserve cutting its key overnight rates by 50 basis points to its lowest level in 40 years.
Federal Reserve Press Release
PRESS RELEASE - Monetary policy decisions by the Federal Reserve Board, 6 November.
European Parliament Press Release
PRESS RELEASE - Committee on Economic and Monetary Affairs. Euro change-over: MEPs demand bigger effort from banks and retailers, 7 November.
Bank of Canada Review Autumn 2001
RESEARCH - A New Measure of Core Inflation by Tiff Macklem. Short summary.
Duisenberg gives green light for ECB rate cut
EUROPE - European Central Bank President Wim Duisenberg appeared Monday to give the green light for an interest rate cut this week as euro-zone finance officials sounded a cautious note about the economic outlook for the 12-member bloc.
Argentine debt swap 'constitutes default'
ARGENTINA - Fitch, the international ratings agency, said yesterday that Argentina's debt restructuring, launched yesterday, constituted a default.
Australian economy stronger than US - Costello
AUSTRALIA - Australian Treasurer Peter Costello said Wednesday that a decision by the Reserve Bank to keep interest rates steady after its board meeting Tuesday isn't surprising given the country is in the midst of an election campaign.
Credit card issuers to benefit from Fed rate cut
USA - Issuers of credit cards, hurt by concerns the weakening economy will ramp up charge-off rates, may get a respite from the latest round of interest rates cuts by the Federal Reserve.
IMF to offer aid to countries in Caribbean
CARIBBEAN - The International Monetary Fund will help Caribbean countries whose economies have been troubled by the slowdown in the global economy and by the attacks on the US, according to Horst Kohler, the fund's managing director.
Bank of France aims to maintain note printing
FRANCE - The Bank of France has "the firm intention of remaining an important player on the European money printing market", according to Michel Perdrix, managing director of the note printing unit at the French central bank.
Armenia central bank puts silver coins into system
ARMENIA - The Central Bank of Armenia has put into circulation 170 silver and 30 gilded coins with denomination of 100 AMD on 6 November 2001.
Selection of Russia's central bank auditor
RUSSIA - During a meeting of the Duma commission for the choice of an auditor for the Central Bank, deputies failed to choose between a Western or a Russian company and to decide whether two companies or one should audit the Central Bank.
Glenn Stevens tipped as new RBA dep gov
ARTICLE - Reserve Bank of Australia Assistant Governor Glenn Stevens is the clear favorite among a small field of contenders to fill the shoes of Deputy Governor Stephen Grenville, who retires 30 November.
Speech by John Townend, Director for Europe
SPEECH - Speech by John Townend, Director for Europe at a British Bankers' Association Conference, London on 5 November.
Speech by Joseph Yam, Chief Executive of the HKMA
SPEECH - Speech by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority, 5 November. Briefing to the Legislative Council Panel on Financial Affairs.
Fed expected to cut rates by another half-point
US - The US Federal Reserve is poised to cut interest rates today for the tenth time this year, extending its most aggressive rate-cutting campaign in recent history amid yet more evidence of proliferating weakness in the world's economic power.
Asian nations agree free-trade zone
ASIA - South East Asian nations and China have agreed to set up the world's biggest free-trade area within 10 years.
Consumer spending falls in Japan
JAPAN - Japanese households spent less in September in spite of falling prices and government attempts to boost consumer spending, official figures show.
Indonesia - The central bank's saga
ARTICLE - This article examines recent events involving Bank Indonesia, the central bank of Indonesia. The article was published before Sjahril Sabirin, governor of the bank, was convicted of fraud on 31 October 2001.
Chicago Fed National Activity Index
REPORT - The Chicago Fed National Activity Index (CFNAI) was virtually unchanged at -1.28 in September. The three-month moving average index (CFNAI-MA3) was -0.95 in September, marking the fifteenth consecutive month that the CFNAI-MA3 was below zero.
US economy "quite weak" in September-Chicago Fed
US - The U.S. economy was "quite weak" and performed below trend for the 15th straight month in September, the Federal Reserve Bank of Chicago said on Monday.