Monetary Policy

Interest rates unlikely to fall soon, Mboweni

SOUTH AFRICA - South Africans should not expect a drop in interest rates for the remainder of the year, Reserve Bank governor Tito Mboweni said on Tuesday. He also said he opposed the government's plans for a single banking regulator, and believed that…

Speech by Malcolm Edey of the RBA, 22 Aug

SPEECH - In the speech 'The Global Economic Scene' Edey said it was wrong of anyone to suggest that the global economy was going backwards. Assistant Governor Edey also said that "given the supportive policy settings in place around the world, it would…

Speech by A Santomero of Philadelphia Fed, 21 Aug

SPEECH - In a speech 'Economic Outlook for the U.S. & Berks County' given on Wednesday Santomero said that the Fed's current policy stance was appropriate and that the economic recovery should move forward even though it had been more modest than…

Speech by M Moskow, President, Chicago Fed, 21 Aug

SPEECH - Moskow said in a speech titled 'Economic Outlook' that "the Fed cannot - and should not - try to smooth out every bump," and warned that the path back to the economy's potential growth rate could be rocky. Moskow, who is not a voting member of…

African regional currency may take off in 2004

NIGERIA - The proposed West African Monetary Zone that would pave room for a single currency for the sub-region may take-off in 2004, Information and National Orientation Minister, Professor Jerry Gana disclosed in Abuja Thursday.

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