Monetary Policy
European Central Bank Press Release
PRESS RELEASE - ECB Monetary Policy Decisions, 7 March.
ECB Press Release
PRESS RELEASE - European Central Bank buys Grossmarkt site, 5 March.
Greenspan upbeat on US recovery
US - Alan Greenspan, the chairman of the US central bank, has said that the US economic recovery is well under way.
Testimony of Fed Chairman Alan Greenspan, 7 Mar
TESTIMONY - Testimony of Federal Reserve Chairman Alan Greenspan before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 7 March.
Beige Book shows limited economic improvement
US - The US economy showed scattered "signs of improvement" through January and early February, but was not barrelling out of the gates, according to the latest anecdotal survey released on Wednesday by the Federal Reserve.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'Back to the Future in Managing Banking Risk' Ferguson said "after nearly a decade of steady improvement, earnings from core bank operations and other measures of financial strength for the U.S. banking system have taken an…
Ethiopia slashes interest rates
ETHIOPIA - The Ethiopian central bank has halved interest rates to 3%, due to plunging deflation, weakening trade and investment and the global economic slowdown.
Nigeria's c bank urged to review monetary policy
NIGERIA - Central Bank of Nigeria and other regulatory authorities have been asked to reconsider their control strategies with the aim of striking a balance between exchange and interest rates policies in the overall interest of the productive sectors of…
Fed's Ferguson - Banks shouldn't become complacent
US - A top Federal Reserve official on Monday warned banks against complacency in taking risks as they deal with slowing growth, though he said there was no reason to be alarmed about the downturn in earnings.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 per cent, 5 March.
Speech by M Moskow, President, Chicago Fed, 5 Mar
SPEECH - In the speech titled 'Perspectives on the Economy' Moskow said that he believes a U.S. economic recovery "may very well be under way," although the strength and shape of the resurgence is hard to predict.
IMF News Brief
NEWS BRIEF - IMF Sending Mission to Argentina, 4 March.
IMF did help Argentina
LETTER - A Letter to the Editor by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, The Daily Yomiuri, 25 February.
Klein defends rate rise, attacks gov't policy
ISRAEL - Bank of Israel Governor David Klein Friday vigorously defended his recent rate hike and accused the government of having little interest in running the economy, reports Dow Jones.
Technology Shocks and Monetary Policy
RESEARCH - Technology Shocks and Monetary Policy: Assessing the Fed's Performance, Jordi Gali; J. David Lopez-Salido; Javier Valles, National Bureau of Economic Research.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'A Supervisory Perspective on Disaster Recovery and Business Continuity' Ferguson said "We must view 11 September as a wake-up call to improve the resilience of financial markets and institutions. We cannot afford to ignore…
Speech by H Kohler, Managing Director, IMF, 28 Feb
SPEECH - In the speech titled 'Inflation Targeting' Kohler said that there has been a widespread desire to avoid excessive volatility in the exchange rates of the world's major currencies ever since the breakdown of the Bretton Woods system.
Money and Inflation - A New Macroeconomic Analysis
BOOK REVIEW - In Money and Inflation, A New Macroeconomic Analysis, Sergio Rossi provides fresh incite to the study of the phenomenon of inflation. He investigates inflation from an entirely new macroeconomic perspective.
Banks must invest in long term risk management
US - Federal Reserve Vice Chairman Roger Ferguson said Monday that banks must devote attention and resources to financial risks, despite the upfront costs of such efforts.
BOJ minutes - Board voted 8-1 to keep policy
JAPAN - The Bank of Japan's policy board members voted 8-1 to keep monetary policy unchanged at their meeting on 15-16 January, according to the minutes of the meeting released Tuesday.
Japan pledges economy boost
JAPAN - Japan has promised another package of measures to continue its fight against deflation and steer the economy to recovery.
Discretion rules over next ECB vice-president
FRANCE - It seems that European Union leaders are trying to draw a lesson from 1998. In that year, a cloud of political controversy engulfed the European Central Bank at the moment of its creation when an undignified dispute broke out over Wim Duisenberg…
Speech by Fed Reserve Governor Ed Gramlich, 1 Mar
SPEECH - In the speech titled 'Lending to lower-income households' Gramlich expressed hope on Friday that the U.S. central bank's recent moves against abusive home mortgage loans will be successful.
Reserve Bank of Australia Media Release
MEDIA RELEASE - Statement by the Governor, Ian MacFarlane. Australian Office of Financial Management cross currency interest rate swaps.