Monetary Policy
Bank of England Huntingdon's banker
UK - The drug-testing company at the centre of an intimidation campaign by animal rights activists is to be given banking facilities by the UK Government at the Bank of England.
Japanese reforms start with the banks
JAPAN - It's not a bad rule for the Japanese government. It may at last be grasping Japan's stoniest problem, its partly petrified banking system.
Madhavpura brass grossly violated prudent banking
INDIA - Jagdish Capoor stepped down on 30 June as the deputy governor of the Reserve Bank of India (RBI). He blames the management of the Gujarat-based Madhavpura Mercantile Cooperative Bank (MMCB) for throwing all prudential norms to the winds. Extracts…
Russian Govt To allow More Hard currency
MOSCOW -The Russian government plans to lower the requirement for mandatory foreign currency repatriation by local exporters to 50% from 75%, an Economics and Trade Ministry spokeswoman said 2 July.
Alan Greenspan on energy prices and the economy
SPEECH - Federal Reserve Board Chairman Alan Greenspan gave a speech before the Economic Club of Chicago, Chicago, Illinois on 28 June titled Impact of energy on the economy.
ECB President on the success of European EMU
SPEECH - President of the European Central Bank, Dr. Willem F. Duisenberg, on the occasion of the annual conference of the Ifo Institute in Munich on 26 June 2001.
Alan Greenspan on the value of public outreach
SPEECH - Federal Reserve Board Chairman Alan Greenspan gave a speech at the dedication of the Visitors Center at the Federal Reserve Bank of Chicago, Chicago, Illinois on 28 June titled The value of public outreach by the Federal Reserve.
Charter capital requirements raised for new banks
RUSSIA - The Central Bank of Russia board decided on 26 June to increase the charter capital requirement for new banks.
MOF denies asking BOJ to use inflation targets
JAPAN - Japanese Finance Minister Masajuro Shiokawa on 29 June played down a media report that government representatives at the Bank of Japan policy board meeting yesterday, 28 June, had put a strong request to the central bank to introduce an inflation…
Federal Reserve cuts rates, by less than expected
US - Alan Greenspan, the U.S. Federal Reserve Board chairman and Federal Reserve governors, ended a two-day meeting yesterday, 27 June, by reducing interest rates, but only by a quarter of a percentage point, instead of the half-point cut that some…
Interest rate moves around the world
FEATURE - Yesterday, 27 June, the Federal Reserve reduced key US interest rates for the sixth time this year. Here we feature other recent interest rates moves around the world (among the other big central banks the Bank of England has held it's rate…
Comment on the Fed's rate cut decision
UK - The Financial Times in London, 28 June, has published a comment on the US Federal Reserve Board's decision to cut it's key interest rate measure by 0.25 percent.
IMF - Quiet caution for Argentina's currency shift
ARTICLE - Centralbanknet's report on the IMF's Stanley Fischer who has visited Argentina. He has warned that the planned Argentine currency move may set a worrying precedent.
US rate cut to deter Thai outflows - Thai c.bank
THAILAND - The Thai central bank said on 28 June that the Federal Reserve's latest cut in U.S. interest rates would help deter the capital outflows from Thailand.
Fed set for fresh rate cut - but by how much?
US - The US central bank, the Federal Reserve, will announce today, 27 June, whether it has decided to cut interest rates further to boost the flagging American economy.
History of recessions contradicts Greenspan
ARTICLE - David Leonhardt, writing in the New York Times, says that Federal Reserve Board Governor, Alan Greenspan, is wrong to be optimistic about the prospects for the US economy.
NBER - US 'recession' may already have peaked
ARTICLE - In a letter to the editor of the Financial Times in London, Martin Feldstein, President of the National Bureau of Economic Research in the US says that even if a recession occurs it will be a long time before it becomes official.
IMF appoints representative to Bulgaria
BULGARIA - Piritta Sorsa has been appointed as IMF's resident representative to Bulgaria.
New limited company for cash handling in Norway
NORWAY - Norges Bank, Den norske Bank ASA, Gjensidige Nor Sparebank, SpareBank 1 Gruppen AS, Terra-Gruppen AS, Fokus Bank ASA and Nordlandsbanken ASA have founded a joint limited company for cash handling.
Bank of France to cut jobs at banknote facilities
FRANCE - The Bank of France yesterday informed unions of 494 job cuts by 2005 in its banknote production units. The plan, aimed at bringing down the cost of banknote production to improve competitiveness, mainly affects facilities at Chamalieres and Vic…
London sees change in foreign central bank rep's
UK - The last year has seen big changes in the representation of foreign central bank's in London with nine new faces.
Comparing measures of core inflation
RESEARCH - Todd E. Clark, of the Federal Reserve Bank of Kansas City has published an article in the Bank's Second Quarter 2001 Economic Review. The research compares five different measures of core CPI inflation.
Euro 2002 Information Campaign
SPEECH - Wim Duisenberg, has delivered a speech at a conference hosted by the Central Bank of Ireland, in Dublin on 20 June at the Bank of Ireland's Arts Centre.
RBI introduces new scambusting agency
INDIA - The Reserve Bank of India is setting up an agency to specifically investigate scams in thefinancial sector. An RBI-constituted panel, headed by legal advisor to the central bank NL Mitra, at its last meeting held on 23 June in Mumbai gave the…