Central Banking
Three new directors sworn in for Peru central bank
PERU - Three persons nominated by President Alejandro Toledo officially became directors of the Central Reserve Bank of Peru Wednesday 5 Sep.
Trichet unveils Bank of France euro info campaign
FRANCE - Bank of France Governor Jean-Claude Trichet Wednesday 5 Sep unveiled the French leg of a euro-zone-wide campaign to publicise the switchover to euro notes and coins at the beginning of 2002.
German CDG to train Albania's bank managers
ALBANIA - German foundation Carl Duisberg Gesellschaft will train the managers of the Albanian Savings Bank and the National Commercial Bank under a project of the Stability Pact.
E-Signature law may see PSL reap rewards
POLAND - The Sejm has a new hot topic. The Electronic Signature Act was supposed to unleash the market for advanced online services, but may now become the source of large profits for a company said to have ties with the Peasants' Party (PSL).
Argentines flow cash back into banking system
ARGENTINA - Argentine depositors are returning money to the financial system, reassured by the recent decision of the International Monetary Fund to lend the country a further US$8-billion.
Latvia's central bank governor to resign
LATVIA - Einars Repse, the popular president of the Latvian central bank, said yesterday, Thursday 6 Sep, he intended to step down in order to lead a new political party, following accusations from the ruling party of a conflict of interest.
UK interest rates kept on hold
UK - The Bank of England has left interest rates unchanged at 5% today, Thursday 6 Sep.
Roger Ferguson at the Bank of Philadelphia
SPEECH - Remarks by Vice Chairman of the Federal Reserve Board Roger Ferguson at the Federal Reserve Bank of Philadelphia, Pennsylvania on 4 September.
Fed's Ferguson - must monitor changes in payments
US - Federal Reserve Vice Chairman Roger Ferguson said on Tuesday 4 Sep the continued changes in the U.S. and world financial systems as well as the payment systems should continue to receive scrutiny from officials even though no problems are evident as…
William McDonough speech in London
SPEECH - Remarks by William J. McDonough President and Chief Executive Officer of the Federal Reserve Bank of New York before the oneLondon Conference "Connecting Finance with Communities: Building Stronger Neighborhoods" London, 6 September.
Likelihood of recession very low - Fed's McDonough
UK - Federal Reserve Bank of New York President William McDonough said on Thursday 6 Sep that the U.S. was unlikely to go into recession. "The likelihood of recession is very low," McDonough said.
No major CPI impact from Euro intro
GERMANY - Germany's Federal Statistics Office said 5 September that the first results of a survey of retail prices don't so far show any significant impact on consumer prices from the euro's introduction.
Shiokawa to discuss forex with O'Neill
JAPAN - Although the government wants a weaker yen to accompany the Bank of Japan's easy monetary stance, it is hard to intentionally drive currency rates, Japanese Finance Minister Masajuro Shiokawa said today, 5 September.
Reserve Bank of Australia - Press release
PRESS RELEASE - Statement by the governor, Mr Ian MacFarlane - Monetary Policy 5 September.
LDP group to draw up BOJ law revision proposal
JAPAN - A group of lawmakers in the ruling Liberal Democratic Party will draw up a report recommending revisions to the Bank of Japan law in early October, a key member of the group said Wednesday 5 Sep.
IMF says making fewer conditions on its lending
US - The International Monetary Fund said on Tuesday 4 Sep it has pared back the amount of conditions its attaches to its loans, but that more needs to be done on the policy, which aims to give borrowers more freedom in setting their own economic…
The stability-oriented monetary policy of the ECB
SPEECH - Luncheon speech by Christian Noyer, Vice-President of the European Central Bank, at the conference organised by HSBC CCF Securities, Paris, 6 September.
Noyer: New Rate Level In Line With Price Stability
FRANCE - European Central Bank Vice President Christian Noyer Thursday 6 Sep hailed the euro's strengthening trend over the past several weeks, while at the same time downplaying its fall back below $0.90 this week.
More low-value euro notes for German retailers
GERMANY - Germany may need to print more low-denomination euro banknotes sooner than expected in response to high demand from retailers, Ernst Welteke, the Bundesbank president, said yesterday, 3 September.
Speech by Stephen Nickell of the Bank of England
SPEECH - Speech by Stephen Nickell, Member of the Monetary Policy Committee of the Bank of England and Glenda Quintini, Credit Suisse First Boston, to the economics section of the British Association for the Advancement of Science, Glasgow, 4 September.
Opening remarks at the Bank of Kansas symposium
SPEECH - Remarks by Federal Reserve Board Chairman Alan Greenspan at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 31 August.
Roger Ferguson at the Bank of Kansas symposium
SPEECH - Remarks by Federal Reserve Board Vice Chairman Roger Ferguson at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 31 August.
ECB Press Conference - Questions and answers
On the occasion of the unveiling of the euro banknotes and their security features, Frankfurt. Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, and Prof. Dr. Eugenio Domingo Solans, Member of the…
Financial markets in a globalised world
SPEECH - Second Deputy Governor of the Riksbank, Sweden's central bank, Eva Srejber gave a speech to the Swedish Mutual Fund Association on 4 September.