Monetary Policy
Russian court overturns acquittal of ex-c banker
RUSSIA - A Moscow court has overruled the acquittal of a Central Bank official charged with abuse of office for giving a loan to a troubled bank and ordered a retrial, news reports said.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Releases Monetary Policy Report Update, 24 July.
Bank of Canada, Monetary Policy Report Update
REPORT - Bank of Canada, Monetary Policy Report Update, July 2002. The report projects economic growth for Canada in the range of 3 to 4 per cent to the end of 2003. The report also says the Bank is committed to achieving the 2 per cent target for…
Speech by David Dodge of Bank of Canada, 24 July
SPEECH - In his opening statement on the release of the Monetary Policy Report Update Dodge said that keeping inflation low and stable is the best contribution that monetary policy can make to sustained economic growth in Canada.
Monetary developments in the euro area
REPORT - Monetary developments in the euro area: June 2002, released 25 July. The annual rate of growth of M3 decreased to 7.1% in June 2002, from 7.7% in May (revised downwards from 7.8%). The three-month average of the annual growth rates of M3 over…
Australian Treasury Press Release
PRESS RELEASE - Re-appointment of Mr Hugh Morgan to the Board of the Reserve Bank of Australia, 24 July.
Minutes from the Sveriges Riksbank Board meeting
MINUTES - Minutes of the Sveriges Riksbank Executive Board meeting on 4 July 2002, released 25 July. The Board noted that the June Inflation Report's main scenario, with a gradual recovery, still holds but there are now signs that activity may not…
IMF News Brief
NEWS BRIEF - IMF Managing Director Horst Kohler Congratulates Yusuke Horiguchi on Appointment as First Deputy Managing Director of the Institute of International Finance, 23 July.
Europe's instability pact
ARTICLE - Thursday's Financial Times in London published an article by Paul De Grauwe who recently stood unsuccessfully as a candidate for the post of Vice President of the European Central Bank.
Orderly correction fortuitous
LETTER - Letter published in Thursday's edition of the London Financial Times, 25 July, from C. Fred Bergsten, Director, Institute for International Economics, Washington DC, US.
Interview with Pridiyathorn Devakula
INTERVIEW - The governor of the Bank of Thailand, Pridiyathorn Devakula, has given an interview to the Far Eastern Economic Review in which he describes himself as a 'problem solver'.
Lower inflation in Australia
AUSTRALIA - Australia's second-quarter inflation figure has come in slightly lower than expected at 0.7 per cent, reducing the chances of another increase in interest rates next month.
Trinidad economy still strong - central bank head
TRINIDAD - The Trinidad and Tobago government has admitted a slowdown in the economy has occurred, but newly-appointed Central Bank Governor Ewart Williams says the economy remains strong.
Rumours persist of emergency fed meeting
US - The US Federal Reserve refused to comment Wednesday on rumours that it was considering an emergency meeting in response to the collapse in the stock markets.
Sources challenge role of IMF led Argentina panel
ARGENTINA - Insiders close to the talks currently being held suggest the real purpose of the panel of wise men picked by the IMF to help Argentina is not to give economic advice but rather to decide how to allocate the huge losses incurred by Argentina's…
Uruguay may name economist as central bank chief
URUGUAY - Julio De Brun, an economist who heads the state-run National Development Corporation, is likely to be named president of the country's central bank, a government official said on Tuesday.
What the boss is for
ARTICLE - When Alan Greenspan, chairman of the US Federal Reserve Board, observed in a recent speech that "the CEO-dominant paradigm will likely continue to be viewed as the most viable form of corporate governance", he stepped into a minefield claimed…
BOK to focus monetary policy on stock market
SOUTH KOREA - Korea's central bank will conduct its monetary policy with the goal of stabilizing local stock markets, the banks chief has said.
Euro members told not to over inflate accounts
GERMANY - European countries which have ditched their national currencies in favour of the euro have been told they cannot use unreturned national cash to improve their budgets.
Principles that should apply to Trichet nomination
LETTER - Letter published in the US edition of the Financial Times, 24 July, from Prof Irene Finel-Honigman.
Sectors fared well - Oman's c bank annual report
OMAN - The non-petroleum sectors in Oman recorded significant growth in 2001, according to the Central Bank of Oman's annual report.
Poll shows UK public would defy gov't euro support
UK - Public opinion would remain opposed to Britain joining the euro - even if the government recommended it, according to the latest opinion poll from NOP.
Floating rates are good for Zloty says Balcerowicz
POLAND - "We won't have fast economic growth if we don't heal public finances," said Leszek Balcerowicz, governor of Poland's central bank, in a speech before parliament on Tuesday.
US has learnt lessons from the Japanese experience
LETTER - Letter published in the UK edition of the Financial Times, 24 July, from Christopher Iggo.