News/Monetary Policy
UK's MPC split 7-2 for steady rates in Dec
Britain's central Bank was split 7-2 in favour of leaving interest rates unchanged at 6.0% earlier this month, minutes of the meeting showed on Wednesday.
BOT to launch daily liquidity forecasts
The Bank of Thailand will soon launch a daily liquidity forecast - a new tool designed to control short-term market rates.The forecast would tell financial institutions roughly how much liquidity there would be on the following day, BOT assistant…
Nigeria cbank closely monitors forex transactions
The Central Bank of Nigeria has intensified its monitoring of the interbank foreign exchange market with a view to unraveling the cause of the unusual high demand for foreign exchange.
France helps Niger bolster economy after IMF deal
France's AFD aid agency has granted Niger 4.0 billion CFA francs ($5.5 million) to help rebuild its economy and public finances, official sources said.
Swedish c.bank says one member opposed rate hike
Sweden's central bank, the Riksbank, said one of its six board members did not support this month's increase of Sweden's key repurchase rate by 25 basis points to 4.00 percent.
Fed policy shift stirs debate on economic policy
The Federal Reserve's warning on Tuesday that the economy was rapidly losing steam stirs the pot in a simmering debate between the Clinton administration and President-elect George W. Bush's team about whether a new prescription for growth is needed.
Bank of Israel- No need to import hi-tech workers
The Bank of Israel said yesterday it objects to bringing engineers and software technicians from India to Israel in attempt to fill the shortage in skilled workers in the hi-tech industry.
Guatemala considers legalising limited dollar use
Weeks after El Salvador adopted the dollar as one of its currencies, Guatemala's Congress was considering a similar plan Monday, the Associated Press reported.
Paraguay cbank sees 1%-1.5% GDP growth in 2000
Paraguay's economy is expected to have grown 1%-1.5% by the end of 2000, according to preliminary data, the country's central bank president Washington Ashwell said Tuesday.
Mexico's Ortiz sees Dec CPI affected by US weather
Bank of Mexico Governor guillermo Ortiz warned Tuesday that December inflation will be higher than expected as key vegetable prices soared on the cold spell across the US.
Ireland vulnerable to inflation, slowdown
Ireland's central bank on Tuesday issued its sternest warning yet about the inflation dangers facing Europe's fastest-growing economy and said the country was increasingly vulnerable to a sharp slowdown.
BOJ's Hayami says Japan recovery stalling
Improvement in Japanese corporate sentiment has stalled and the nation's economic recovery has slowed, the nation's central bank chief said on Tuesday, confirming what financial markets have suspected for weeks.
Chile on track for growth of close to 6%
Chile yesterday looked on course for economic growth this year of close to 6% after stronger than expected gross domestic product figures for October.
Putin's aide has dim view of Russian cbank policy
This year's actual rouble rate exceeded the projected level by some 40%-50%, Andrey Illarionov, Russian President Putin's adviser for economic affairs, said at the joint session of the Duma banking and budget committees, at which the monetary policy of…
Greek EMU entry may boost euro M3 growth-CSFB
Greek membership of the euro next year could make a significant impact on euro zone money supply growth, according to researchers at Credit Suisse First Boston.
Estonia makes promises in additional memo to IMF
The government and the Bank of Estonia pledge in an additional economic policy memorandum to the International Monetary Fund signed in November to use all extra income to establish a fiscal surplus in 2001.
Taiwan mulls monetary policy framework change
Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New…
RBI seen cutting India rates next year-JP Morgan
The Reserve Bank of India is likely to cut its benchmark bank rate in the financial year starting April 2001 due to a more stable rupee, comfortable money market liquidity, record foreign exchange reserves, and an easing bias in global interest rates, JP…
Russian banker predicts 'not easy' year
Uncertainty about the restructuring of Russia's debt to the Paris Club of creditors might entail changes in Russia's fiscal and credit policy in 2001, said central bank first deputy chairman Tatyana Paramonova.
Cote d'Ivoire urges UEMOA solidarity
Ivorian commerce and industry minister, Bohoun Bouabre, has called for greater cooperation among the eight-nation West African Economic and Monetary Union (UEMOA).