Central Banking
Indonesia to issue US$390 million short term bonds
INDONESIA - The government will issue short term bonds valued at Rp3.9 trillion (US$390 million) next year to cover a deficit in the 2002 state budget, an official said.
Ex-economics minister again c bank council member
ESTONIA - Along with the president's decision to relieve Mihkel Parnoja of the post of economics minister, Parnoja's powers as member of the supervisory council of the Bank of Estonia were restored.
BoE's Clementi says "clear downside risk" to rates
UK - Bank of England deputy governor David Clementi said on Friday there were "clear downside risks" to UK interest rates due to the slowing world economy, made worse by September's attacks on the United States.
Research from the San Francisco Fed Bank
RESEARCH - The Federal Reserve Bank of San Francisco has published an Economic Letter 2001-29; 19 October, titled Has a Recession Already Started?
Has a Recession Already Started? - FRBSF
US - In this latest Economic Letter, San Francisco Federal Reserve Bank Senior Research Advisor Glenn Rudebusch examines the definition and dating of recessions.
Speech by Urban Backstrom of Sweden's central bank
SPEECH - Speech by Governor Urban Backstrom of Sveriges Riksbank, Sweden's central bank, at Euroforum's Conference, rebro, 10 October.
Speech by Wim Duisenberg President of the ECB
SPEECH - Speech delivered by Dr. Willem F. Duisenberg, President of the European Central Bank, at the conference hosted by the Bank of Greece on 17 October in Athens.
Speech by J Alfred Broaddus of the Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus, Jr. President, Federal Reserve Bank of Richmond at the 26th Annual Economic Policy Conference, Federal Reserve Bank of St. Louis, St. Louis, MO, 12 October.
Richmond Fed's Broaddus says inflation target good
US - Federal Reserve Bank of Richmond President Alfred Broaddus said on Friday 12 October the Fed should have an explicit long-term inflation objective to further boost the U.S. central bank's credibility.
Duisenberg adds voice to fears over EU hopefuls
GREECE - The European Central Bank raised fresh concerns on Wednesday 17 October over the economic policies of future European Union members, underlining its doubts over their fitness for swift entry to the single currency.
RBI plan reserve to cushion investment value moves
INDIA - The Reserve Bank of India is toying with the idea of directing banks to create a special reserve as a cushion for any adverse movements in the value of their investment portfolios that may be triggered off by interest rate volatility.
Why the Federal Reserve shouldn't care about PPI
ARTICLE - Every month, the producer price index is touted as the first peek at inflation, followed in short order by the consumer price index.
Japanese policy makers clash over economy
JAPAN - Japanese policy makers are increasingly clashing on how to fix the nation's moribund economy, with the finance minister issuing a clear call for re-inflating the economy by actively boosting price levels, even as the central bank decided not to…
Swaziland on money-laundering alert
SWAZILAND - Swaziland is on alert for foreign organisations trying to channel money through the tiny African kingdom after a government official was offered a bribe, authorities said on Monday 15 October.
Euro coins out in Austria ahead of official launch
AUSTRIA - A small volume of euro-denominated coins have already entered into circulation amongst the general public in Austria. This is despite the fact that starter packs of euro coins are not officially due to be released to private citizens until mid…
Greenspan upbeat on economy
US - Prospects for the future of the US economy have been "scarcely diminished" by the 11 September attacks, Federal Reserve chairman Alan Greenspan has said.
Financial regulator rejects Tory call for probe
UK - The City regulator has rejected Conservative calls for an investigation of the government's role in the collapse of Railtrack, and told MPs if impropriety were proven it would be up to the government to prosecute itself.
Vietnam's Eximbank begins payments scheme
VIETNAM - The joint stock Commercial Bank for Import and Export of Vietnam, Eximbank, held on 11 October the second phase of bidding for the project "Intrabank payment system and Eximbank's applications."
Repse's deputy may take a shot at top position
LATVIA - The Bank of Latvia vice-president Ilmars Rimsevics may agree to run for the top position with the central bank, if approached with such an offer.
Speech by Eddie George, Bank of England Governor
SPEECH - Speech by the Governor of the Bank of England, Sir Edward George, at the Welsh Development Agency/Bank of England Dinner, Brangwyn Hall, Swansea on 16 October.
Minutes of Bank of England MPC meeting 3-4 October
MINUTES - The Bank of England has published the minutes from its Monetary Policy Committee meeting held on 3 and 4 October.
Minutes of Bank of England special MPC meeting
MINUTES - The Bank of England has published the minutes from its special Monetary Policy Committee meeting held on 18 September.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - Remarks by Federal Reserve Board Vice Chairman Roger W. Ferguson, Jr.at the Bond Market Association's 1st Annual Credit and Risk Management Conference, New York, New York, 16 October.
B of E's George predicts 3-year downturn
UK - Sir Edward George hinted last night in a speech that he would back further cuts in interest rates and warned the global economic slowdown could last for three more years.