Monetary Policy

SNB must guard against currency appreciation-OECD

The monetary policy of the Swiss National Bank is currently appropriate for domestic economic conditions, but the SNB must monitor the effect of European Central Bank rate policy on exchange rates and guard against too sharp a rise in the Swiss franc…

Duisenberg comments on Greek EMU entry

European Central Bank president Wim Duisenberg made the following comments at a news conference on Thursday concerning Greece's entry into the eurozone: "It is indeed an historic moment and a very satisfying and gratifying moment."

IMF X-rays Romanian economy

Romania's progress in reaching stability and continuing reforms is important but insufficient compared with other countries in Central and Eastern Europe, a report of the International Monetary Fund about Romania's economic evolution over the last two…

China WTO to boost HK banks, GDP growth - HKMA

China's looming entry into the World Trade Organisation will boost financial services and raise Hong Kong gross domestic product growth by upto 1%, according to the Hong Kong Monetary Authority, the territory's de facto central bank.

Romania c.bank head sees 2001 inflation lower

Romania's central bank acting governor Emil Ghizari said on Tuesday inflation was expected to slow down to between 22% to 25% next year from an official estimate of about 40% in 2000.His prediction was in line with previous official forecasts.

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