Monetary Policy

Speech by Wim Duisenberg, ECB President, 24 July

SPEECH - On receiving an award, the Grand Cross 1st class of the Order of Merit of the Federal Republic of Germany, Duisenberg said "this expression of confidence makes the responsibility I am bearing as President of the ECB indeed feel somewhat lighter".

ECB Press Release

PRESS RELEASE - Publication of "Measurement issues in European Consumer Price Indices and the conceptual framework of the HICP", 22 July.

IMF Survey, July 2002

REPORT - In the latest issue of its survey the International Monetary Fund announce the advisory panel appointed for Argentina, discuss the outlook for the euro-area economy and report on a Working Paper, Making the transition to inflation targeting.

Bank of Japan Semi-annual report 2001

REPORT - Semiannual Report on Currency and Monetary Control Second Half of Fiscal Year 2001, Bank of Japan, 23 July. The report says that although Japan's economy deteriorated in the second half of 2001 this has slowed somewhat and overseas economies…

Deutsche Bundesbank Monthly Report, June 2002

REPORT - Germany's central bank has published its Monthly Report for June 2002. The report says the stabilising of the German economy as a whole led into a slight recovery in the first quarter of this year but that the upturn in the first quarter was not…

China vows to keep exchange rate stable

CHINA - According to a news release issued by the People's Bank of China on Tuesday, the central bank's Monetary Policy Committee unanimously agreed at a recent meeting that the exchange rate of renminbi should be kept stable in the near term.

Uruguay's economy minister resigns

URUGUAY - Uruguay's Economy Minister Alberto Bension has resigned after losing the support of parts of the ruling coalition government. The board of the country's central bank - which is headed by President of Uruguay Jorge Battle's cousin - is also…

Philadelphia Fed Business Outlook Survey

REPORT - Results from July's Business Outlook Survey reflect a slower pace of activity in the region's manufacturing sector. Although most current indicators fell from their readings in June, the major indicators of output remain positive for the seventh…

The Way Ahead

ARTICLE - A Commentary by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, Far Eastern Economic Review, 25 July.

Howard backs Australian economy

AUSTRALIA - Prime Minister John Howard said Monday that the Australian economy was strong and resilient. The PM also expressed confidence in the Reserve Bank of Australia.

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