Monetary Policy

OECD forecasts recovery

The OECD's forecasts, while acknowledging that the world may already be in recession, suggest that the recession may not be prolonged and it still expects a sharp recovery next year. "I don't see this as a severe global recession," Chief Economist…

NZ's Brash wary of deflation

Speaking at a roadshow aimed at small businesses today the Governor of the Reserve Bank of New Zealand, Donald Brash stressed that deflation was just as much a concern as inflation with regard to defining price stability.

Time for the euro to grow up

At a lecture organised by the Centre for Economic and Policy Research in London today Richard Portes of the London Business School said that it was time for the euro to grow up, for euro authorities to assume more responsibility in the international…

Speech by Stephen Grenville of the RBA

SPEECH - Talk by Stephen Grenville, Deputy Governor of the Reserve Bank of Australia to the Australian National University Conference on Regional Financial Arrangements in East Asia, Canberra - 12-13 November 2001.

Speech by Svein Gjedrem Governor of Norges Bank

SPEECH - Speech by Central Bank Governor Svein Gjedrem of Norges Bank, Norway's central bank, at the conference on EMU and the euro hosted by The European Commission, Euro-Info Centre and NHO (Confederation of Norwegian Business and Industry), Oslo, 30…

European Central Bank report

ECB PRESS RELEASE - Publication of the report of the European Court of Auditorson the efficiency of the ECB's management for the financial year 2000 and the ECB's reply to the report, Frankfurt, 9 November.

Buba's Welteke sees no '01 recession in Germany

GERMANY - Germany's economy is not in a recession and will grow at a small rate "above zero" in 2001, Deutsche Bundesbank President Ernst Welteke told German daily Frankfurter Rundschau in an interview conducted 22 October, but published on Friday.

Hungary's nat bank launch euro info campaign

HUNGARY - The National Bank of Hungary will launch an information campaign on 15 November to help Hungarian individuals to smoothly change their cash holdings in the 12 outgoing European currencies, estimated to be worth some HUF 70bn,NBH vice president…

DUMA won't deprive Russia's c bank of independence

RUSSIA - During a meeting of the working group of the Duma for the bill on the Central Bank on 12 November, deputies failed to come to agreement as to which body, the National Banking Council (NBC) or the Board of Directors, would govern the Central bank.

Central bankers in Ottawa

ECB Council member Ernst Welteke, although saying that monetary policy was appropriate for the eurozone at present, warned of the dangers of money being too loose given the lag for effects to be realised.

November gloom in Japan

Despite leaving monetary policy on hold last week, the Bank of Japan downgraded its assessment of the economy on Monday, expressing concern about the impact of declining exports and output on incomes and consumer spending.

Speech by Ernst Welteke, Bundesbank President

SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, delivered at the European American Business Council, Washington, 19 November. Ernst Welteke expressed satisfaction with ECB policy, noting that the eurozone is now enjoying an …

Speech by Jurgen Stark of the Deutsche Bundesbank

SPEECH - Speech by Dr. Jurgen Stark, Deputy Governor of the Deutsche Bundesbank. The speech titled 'The euro - the new European money' considers the historical background to the euro, essential features of the new system and the future outlook for the…

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