Monetary Policy
Ireland vulnerable to inflation, slowdown
Ireland's central bank on Tuesday issued its sternest warning yet about the inflation dangers facing Europe's fastest-growing economy and said the country was increasingly vulnerable to a sharp slowdown.
BOJ's Hayami says Japan recovery stalling
Improvement in Japanese corporate sentiment has stalled and the nation's economic recovery has slowed, the nation's central bank chief said on Tuesday, confirming what financial markets have suspected for weeks.
Chile on track for growth of close to 6%
Chile yesterday looked on course for economic growth this year of close to 6% after stronger than expected gross domestic product figures for October.
Putin's aide has dim view of Russian cbank policy
This year's actual rouble rate exceeded the projected level by some 40%-50%, Andrey Illarionov, Russian President Putin's adviser for economic affairs, said at the joint session of the Duma banking and budget committees, at which the monetary policy of…
Greek EMU entry may boost euro M3 growth-CSFB
Greek membership of the euro next year could make a significant impact on euro zone money supply growth, according to researchers at Credit Suisse First Boston.
Estonia makes promises in additional memo to IMF
The government and the Bank of Estonia pledge in an additional economic policy memorandum to the International Monetary Fund signed in November to use all extra income to establish a fiscal surplus in 2001.
Taiwan mulls monetary policy framework change
Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New…
RBI seen cutting India rates next year-JP Morgan
The Reserve Bank of India is likely to cut its benchmark bank rate in the financial year starting April 2001 due to a more stable rupee, comfortable money market liquidity, record foreign exchange reserves, and an easing bias in global interest rates, JP…
Russian banker predicts 'not easy' year
Uncertainty about the restructuring of Russia's debt to the Paris Club of creditors might entail changes in Russia's fiscal and credit policy in 2001, said central bank first deputy chairman Tatyana Paramonova.
Cote d'Ivoire urges UEMOA solidarity
Ivorian commerce and industry minister, Bohoun Bouabre, has called for greater cooperation among the eight-nation West African Economic and Monetary Union (UEMOA).
Reserve Bank of India rules out rates cut
The Reserve Bank of India Saturday admitted that the cost of borrowing is high, but ruled out a rate cut during this fiscal year as it has already softened.
Sudan central bank governor outlines fiscal policy
Governor of the Bank of Sudan Dr Sabir Muhammad al-Hasan Saturday held a press conference in the presence of the commercial banks' directors at which he reviewed the monetary and financial policies for the year 2001.
Castellanos views interest rates, currency band
Venezuela's central bank president Diego Luis Castellanos announced today that the institution would not impose controls over private banking interest rates.
BOJ board keeps monetary policy unchanged
The Bank of Japan said on Friday its policy board decided to continue its policy of driving the key overnight call rate to 0.25%, a decision widely expected by financial markets. The decision was by a majority vote.
Fed unlikely to cut rates - Washington Post
Faced with slowing economic growth and an uncertain short-term economic outlook, a number of Federal Reserve officials have concluded that the risk of serious weakness in the economy is as great as the risk that inflation will get worse, the Washington…
Dariusz Rosati defends Poland's monetary policy
Dariusz Rosati, former finance minister and member of the central bank's monetary policy council (RPP), responded in a recent issue of the current affairs weekly Polityka to a critical article by Professor Andrzej Sopocko. Edited excerpts follow.
Interview: State Bank of Vietnam's Le Duc Thuy
Vietnam's central bank governor Le Duc Thuy discussed plans to develop the country's banking system in an interview with the local Sai Gon Giai Phong (Liberation Saigon) Daily newspaper.
HKMA concerned about US economic slowdown risk
The head of the Hong Kong Monetary Authority, one of the world's largest holders of foreign exchange, said he remained apprehensive about the risk of a downturn in the US economy, according to the Friday overseas edition of the Financial Times.
W. African Eco and Mon. Union summit ends in Mali
The fifth summit meeting of the West African Economic and Monetary Union [UEMOA] ended in Bamako this afternoon.
ECB keeps M3 benchmark unchanged
The European Central Bank has decided to leave its yardstick for euro area money supply growth unchanged. After the governing council meeting today, the ECB said that the evidence continues to support the assumptions underlying the derivation of the…
New EU treaty paves way for ECB voting change
The European Union's Nice treaty calls for a review of how votes are taken on the ECB's governing council, but does not provide for amending its composition, a draft text obtained by journalists on Wednesday said.
Interview with Nancy Stokey - The Region
Nancy Stokey and her University of Chicago colleague and partner, Nobel Laureate Robert E. Lucas Jr., chose to spend a semester's sabbatical at the Minneapolis Fed this autumn. Arthur Rolnick, the Minneapolis Fed's director of Research, took this…
Back From The Brink: The Greenspan Years
Journalist Steven Beckner, who has covered monetary policy since the beginning of the Greenspan years, has written a useful book that goes beyond the regular elliptical utterances of the Fed chairman. Reviewed by Kevin L. Kliesen, Economist, Federal…