Monetary Policy
Bank of England leaves interest rates unchanged
UK - Bank of England chiefs have left interest rates on hold at 4%, despite increasing evidence of the strength of the UK economy.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%.
ECB Working Papers Series
RESEARCH - European Central Bank Working Paper, Monetary policy rules, macroeconomic stability and inflation: a view from the trenches, by Athanasios Orphanides.
Speech by Bruno Gehrig of the Swiss National Bank
SPEECH - Speech by Bruno Gehrig, Vice-Chairman of the Governing Board of the Swiss National Bank, University of St Gallen, St Gallen, 9 January 2002.
Speech by J Alfred Broaddus President Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus Jr, President, Federal Reserve Bank of Richmond, Virginia Commonwealth University, Richmond, VA, 8 January 2002.
U.S. central bankers try to dim hopes
US - U.S. central bank governors are sending out word this week that while the U.S. economy appears to be on the mends, a quick rebound does not appear to be in the works.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 10 January 2002.
ECB's Issing sees 'tentative' signs of recovery
GERMANY - European Central Bank chief economist Otmar Issing said that there are "tentative" signs of a recovery in the euro zone economy, and that a "significant" upturn is possible in 2002.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - In the speech titled 'Why Central Banks Should Talk' Roger Ferguson strongly welcomes the recent trend across the globe toward greater openness. He concludes that central banks should continue to thoughtfully consider proposals to increase…
Euro used for 75% of payments
EUROPE - The euro is now being used for nearly three quarters of cash payments in the 12-nation single currency zone, according to the European Commission.
Bank of Canada Working Paper Series
RESEARCH - Why Do Central Banks Smooth Interest Rates? by Gabriel Srour, Research Department, Bank of Canada.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - Santomero sees "clear signs of renewed growth by mid-year, and a healthy pace of sustained growth by year-end". He suggests 2002 will be a turnaround year with the Greater Philadelphia region recovering along with the nation.
Philadelphia Fed Survey
REPORT - Fourth Quarter 2001, Survey of Professional Forecasters from the Federal Reserve Bank of Philadelphia.
Bank of England Working Paper Series
RESEARCH - Bank of England Working Paper by Nicoletta Batini, Richard Harrison and Stephen P Millard. 'Monetary policy rules for an open economy'.
Fed Ferguson - Timing of recovery still uncertain
US - US Federal Reserve Vice Chairman Roger Ferguson said US data had moved to be more mixed than negative but it was too early to pinpoint the timing of an economic recovery.
Federal Reserve Press Release
PRESS RELEASE - 3 January 2002. Susan Schmidt Bies and Mark W. Olson were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday in the atrium of the Board's main building in Washington.
Ukraine's monetary policy will toughen in 2002
UKRAINE - Chairman of the board of governors of the National Bank of Ukraine Anatoly Halchynsky warned on 4 January against overly optimism with regard to the 6.1% inflation rate for 2001, stressing that, given the present conditions in Ukraine, the NBU…
Ireland's euro transition outpaces EU
IRELAND - Ireland is outpacing other euro-zone countries in the euro changeover with the number of Irish pounds in circulation falling almost twice as fast as other national currencies, reports an Irish newspaper.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 9 January 2002.
ECB Press Release
PRESS RELEASE - Update on the euro cash changeover, 8 January 2002.
Speech by David Dodge of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting in Canada: Experience and Lessons' Dodge said that he still expects the Canadian economy to improve by the second half of 2002 and that the Canadian economy may actually have grown in the fourth quarter…
Canada economy on track for recovery - BOC's Dodge
CANADA - Bank of Canada Governor David Dodge said on Saturday he still expects the Canadian economy to improve by the second half of 2002.
End of year speeches from the Swiss National Bank
SPEECH - Introductory remarks from Jean-Pierre Roth, Bruno Gehrig and Niklaus Blattner at the Swiss National Bank end-of-year Media News Conference, Zurich, Switzerland, 7 December 2001.
IMF Working Paper on Central Bank Independence
RESEARCH - IMF Working Paper by Castellani, Francesca and Debrun, Xavier titled 'Central Bank Independence and the Design of Fiscal Institutions' and released 7 January 2002.