Central Banks
Argentina needs effective not unthinking support
ARTICLE - Ever since the emerging market financial crises of the 1990s, many in the international financial community have expressed deep scepticism about large financial assistance packages for countries in distress.
Britons still hold £540m in eurozone currencies
UK - Britons are hoarding more than £540m-worth of eurozone currencies, but only half the population realises the cash will be impossible to spend after February.
Bankers call for strict limits on bailout cash
CANADA - The Bank of England and Bank of Canada have launched a paper arguing for strict limits on International Monetary Fund bailouts for crisis-hit countries.
Russia c bank tightens banks' gold export controls
UK - The Central Bank of Russia published a directive Thursday obliging commercial banks to submit information on their export of gold ingots to the State Customs Committee within 10 days of the metal leaving the country.
ECB Issing sees euro-zone recovery, CPI fall in 02
GERMANY - European Central Bank chief economist Otmar Issing Monday reiterated his expectation that the euro-zone economy will recover next year.
Fed's Ferguson - US economy resilient
US - The U.S. economy appears to be shaking off the devastating impact of the 11 September attacks, says a key member of the U.S. Federal Reserve.
Bank of Japan under pressure
JAPAN - The Bank of Japan was again under pressure from politicians as its two-day policy meeting began today. Worsening economic figures, despite cuts in the lending rate and injections of liquidity by the bank, have led to calls for inflation targeting.
Euro preparations are "catching up":Duisenberg
Belgium - Wim Duisenberg, the European Central Bank president, speaking at the European Union's Committee of the Regions yesterday said that small and medium-sized enterprises (SMEs) were "rapidly catching up" in time for Euro-day when notes and coins…
King: Little chance of UK recession
UK- Presenting the Bank's latest inflation report, Mervyn King, the bank's deputy governor, put the chances of recession at only one in 10.
Bank of Korea hosts Asian central bank meeting
SOUTH KOREA - The Bank of Korea will today host the "14th Pacific Basin Central Bank Conference" at its headquarters in Seoul the central bank said.
Euro level does not reflect"inner strength"
JAPAN - ECB Vice President Christian Noyer speaking at a financial symposium in Tokyo for the introduction of euro notes and coins, said that there was room for the euro to appreciate.
Bank of Canada Review Autumn 2001
RESEARCH - Predictability of Average Inflation over Long Time Horizons by Allan Crawford. Short summary.
Euro entry criteria - we are halfway there already
LETTER - A letter published in the London edition of the Financial Times, 13 November.
China, HK banks to share retail expertise - HKMA
HONG KONG - Banks from China and Hong Kong can cooperate closely on retail banking business, such as swapping information about the credit standing of borrowers, Hong Kong's de facto central bank chief said last Thursday.
Further fall takes UK headline inflation rate 1.6%
UK - The headline rate of inflation fell further last month, as mortgage lenders passed on the Bank of England's September interest rate cut to customers.
Brazil currency rally unlikely to get c bank boost
BRAZIL - A reversal of Brazil's economic fortunes appears to be in the cards as a feeling that the worst is over quickly spreads across local markets, triggering a strong rally in the embattled real.
ECB gives timetable for non-rate policy meetings
ECB - The ECB from now on will discuss monetary policy and announce rate decisions only once a month, usually at its first meeting in the month.
EU candidates should avoid forex fluctuations
UK - Countries seeking to join the European Union will be well-adviced to avoid excessive exchange rate fluctuations against the euro, European Central Bank Vice President Christian Noyer said Monday.
Hayami: Econ ministers didn't discuss BOJ policy
JAPAN - Bank of Japan Governor Masaru Hayami said Wednesday economic ministers didn't discuss monetary policy at a regular meeting earlier in the day.
Alan Greenspan: The accidental economist
US - Federal Reserve Chairman Alan Greenspan, perhaps the world's best-known and revered economist, on Tuesday said his choice of profession was a matter of chance.
NZ c bank cuts cash rate 50 basis points to 4.75%
NEW ZEALAND - The Reserve Bank of New Zealand Wednesday met market expectations by cutting its Official Cash Rate by 50 basis points to 4.75% and flagged the possibility of further interest rate cuts early next year if the global economy is worse than…
Heikensten: Econ conditions abroad worse than seen
SWEDEN - Economic conditions in the U.S. and Europe may be worse than previously predicted, Sveriges Riksbank's first deputy governor, Lars Heikensten, said Wednesday.
Speech by Deputy Governor, Reserve Bank of India
SPEECH - Inaugural address by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the Conference of CMDs of Public Sector Banks at IDRBT, Hyderabad on 2 November.
IMF: South Korea's upgrade
SOUTH KOREA- Ajai Chopra, the IMF's assistant director for Asia and the Pacific said the sovereign rating upgrade for South Korea by Standard & Poor's Corp. Tuesday was "entirely deserved".