Monetary Policy

ECB board members defend interest rate cut

SPAIN - European central bankers on 31 August said the ECB's decision to cut interest rates was based on receding inflationary pressures and rejected criticism the bank had waited too long to stimulate the Continent's flagging economy.

Belgian bank to start coin-collecting soon

BELGIUM - The Belgian National Bank (BNB) and the Belgian General Commission for the euro will launch a coin-collecting operation from October 15, 2001 to November 15, 2001, during which Belgians will be able to exchange coins for euro.

Summary of the latest opinion polls on EMU

UK - Euro zone citizens are becoming more aware the euro will replace national currencies in 2002 but are also growing more concerned about possible price rises, according to a European Commission survey published on 3 September.

CEPR - Monitoring the European Central Bank (MECB)

RESEARCH - New research from the Centre for Economic Policy Research. The authors of the latest MECB Update argue that the ECB should only cut interest rates when falling growth prospects will be accompanied by an unambiguous decline in inflation…

A History of the Canadian Dollar

BOOK - An extensively illustrated book tracing the intriguing story of Canada's dollar from colonial times to the present day. The book provides a lively and informative account of Canadian money from colonial times to the present.

Domingo Solans - Mass media campaign

EURO - Domingo Solans: Press conference on the occasion of the unveiling of the euro banknotes and their security features. Presentation of the mass media campaign including a brief overview of the Euro 2002 Information Campaign, Frankfurt, 30 August.

Countdown to euro cash

EUROPE - The European Central Bank begins its campaign today, 30 August, to persuade the 300 million citizens of the eurozone to recognise - and love - their new currency.

Welteke - ECB focus is inflation, not growth

GERMANY - Ernst Welteke, member of the European Central Bank council, on 29 August said there were signs of a possible recovery of the euro zone's largest economy, but stressed the ECB's main task was to control inflation and not stimulate growth.

IMF to cut global forecasts

US - The IMF has cut its forecast for world economic growth this year to 2.8% from 3.2%, Reuters reported on 29 August citing unnamed sources at the international lender.

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