Monetary Policy
Afghanistan's central banker invited home
AFGHANISTAN - Afghanistan's former central banker has been asked by the leader of the Northern Alliance to return to run the country's monetary policy.
Australian Reserve Bank to keep tower
AUSTRALIA - The Reserve Bank of Australia (RBA) has key offices in capital cities of Australia. In late 2001, it has decided to keep its Melbourne office at 60 Collins Street.
Speech by Hermann Remsperger of the Bundesbank
SPEECH - Speech by Prof. Dr. Hermann Remsperger, Member of the Directorate Deutschen Bundesbank, at the annual meeting of ELEC in Frankfurt, 7 December.
Speech by Kristina Persson of Sveriges Riksbank
SPEECH - Speech by Deputy Governor Kristina Persson of Sveriges Riksbank, Sweden's central bank, at a seminar at Svensk Handel, 16 November.
Report from the Federal Reserve Bank of Chicago
REPORT - A slight increase in the nation's economic growth for 2002 is anticipated by participants at the Chicago Fed's Economic Outlook Symposium. The group provided forecasts for major components of real GDP and other key statistics.
World Bank: more globalisation
US - A new report from the World Bank argues that globalisation has helped reduce world poverty, but still has more to do.
IMF Working Paper - Inflation Targeting
RESEARCH - Inflation Targeting and the Unemployment-Inflation Trade-off by Eric Clifton, Hyginus Leon and Chorng-Huey Wong, International Monetary Fund, October 2001.
ECB holds rates steady
EUROPE - The European Central Bank (ECB) has left its key interest rate unchanged at 3.25% on Thursday at its last meeting before the introduction of euro notes and coins in January.
Japan braces for recession
JAPAN - Japan is poised to cross the official dividing line into recession on Friday morning when figures showing how much its economy has shrunk are released.
Speech by Ian Macfarlane, Governor of the RBA
SPEECH - Talk by Ian Macfarlane, Governor of the Reserve Bank of Australia, to Australian Business Economists/ Economic Society of Australia (New South Wales Branch) Forecasting Conference Dinner, Sydney, 6 December 2001.
Egypt - New central bank role enshrined in law
EGYPT - The cabinet on 27 November approved a new law giving the Central Bank of Egypt greater authority over monetary policy and extending its supervisory role.
ECB Noyer - Little M3 impact from euro changeover
GERMANY - European Central Bank Vice President Christian Noyer said Thursday that the bank doesn't expect the changeover to euro notes and coins next year to have a significant impact on M3 money supply growth.
Duisenberg - Current ECB rates appropriate
GERMANY - European Central Bank President Wim Duisenberg Thursday justified the central bank's decision to leave interest rates unchanged by saying recent data confirmed the ECB's view that there are no immediate dangers for price stability in the euro…
Malaysian BNM international reserve at RM116.5 bln
MALAYSIA - Bank Negara's international reserves stood at RM116.5 billion as at 30 November, an increase of RM24 million from the level two weeks earlier, with trade and investment-related inflows maintaining their rising trend.
South Africa's central bank reduces MPC meetings
SOUTH AFRICA - The South African Reserve Bank is to reduce the frequency of its regular six-weekly monetary policy committee meetings to once every quarter, the bank said Thursday.
Reserve Bank of Australia - Official Media Release
MEDIA RELEASE - Statement by the Governor, Mr Ian MacFarlane - Monetary Policy.
Australia cuts rates as growth surges
AUSTRALIA - Australia's central bank has taken out an insurance policy against slower economic growth with a quarter-point interest rate cut to 4.25 per cent, taking rates to a 28-year low.
Speech by David Dodge of Bank of Canada
SPEECH - Opening Statement by David Dodge, Governor of the Bank of Canada before the Standing Senate Committee on Banking, Trade and Commerce, 29 November.
Monetary Policy statement from Sveriges Riksbank
NEWS RELEASE - Repo rate retained unchanged at 3.75 per cent, 5 December.
Bank of England News Release
News Release - Bank of England Maintains Interest Rates at 4.0%.
BoE leaves UK rates unchanged at 4 per cent
UK - The Bank of England on Wednesday left its key lending rate steady at a 37-year low of 4.0 percent.
Sveriges Riksbank Inflation Report 4th Q 2001
REPORT - The central bank of Sweden today, 5 December, published its Inflation Report for 4th Quarter 2001.
Germany's CEI - Further ECB rate cuts unnecessary
GERMANY - There's no need for the European Central Bank to cut interest rates any further in coming weeks, the head of Germany's Center for European Integration Studies said.
Brazil c bank criticised for paranoia
BRAZIL - The Central Bank has come under criticism for giving too much priority to its inflation targets. On Tuesday, Rio de Janeiro federal university economics professor Reinaldo Goncalves said "a anti-inflation paranoia" has been created, leaving…