Central Banks
Fed's McTeer - Rate cuts not effective enough yet
US - Four percentage points worth of rate cuts by the Federal Reserve have so far not done enough to help the struggling U.S. economy, Federal Reserve Bank of Dallas President Robert McTeer said Wednesday.
BOK to pursue flexible monetary policy
SOUTH KOREA - The Bank of Korea (BOK) will manage its monetary policy in a flexible manner, paying attention to its effect on the real economy, BOK governor Chon Chol-hwan said Thursday in a speech.
UK Moneybox install cash dispenser in Netherlands
NETHERLANDS - Moneybox Netherlands, a subsidiary of UK Moneybox Corporation, is to install 750 cash dispenser in the Netherlands, the company spokesman said on 23 October.
Speech by David Dodge, Governor of Bank of Canada
SPEECH - Remarks by David Dodge, Governor of the Bank of Canada, to the Greater Moncton Chamber of Commerce and the Conseil economique du Nouveau-Brunswick, Moncton, New Brunswick, 24 October.
The Federal Reserve Beige Book
REPORT - The Federal Reserve published on 24 October its regular Summary of Commentary on Current Economic Conditions by Federal Reserve District known as the Beige Book.
Minneapolis Fed's District Economic Survey
REPORT - The Federal Reserve Bank of Minneapolis has published its District Economic Survey in its district business newspaper the fedgazette.
European Central Bank - Monetary Policy Decisions
ECB PRESS RELEASE - Monetary policy decisions, 25 October 2001.
Canada's Dodge offers little hope for 2002 economy
CANADA - Bank of Canada Governor David Dodge in a speech on Wednesday chipped away at hopes the Canadian economy might recover in 2002 from its current slowdown, a sickly state worsened by the attacks on the United States last month.
Canada cuts rates to lowest level in 40 years
CANADA - The Bank of Canada surprised the markets by cutting interest rates by three-quarters of a point to the lowest level in 40 years on Tuesday.
ECB leaves interest rates on hold
EUROPE - The European Central Bank has left interest rates unchanged at 3.75% on Thursday.
Hungary's Nat Bank to build new logistics centre
HUNGARY - The National Bank of Hungary plans to build a new logistics centre, also housing the National Mint - Magyar Penzvero - on the outskirts of Budapest or outside the city, the central bank announced on Friday.
US reports weak economic activity
US - Economic activity was weak across the US in September and the first half of October, as the effects of last month's terrorist attacks compounded the slowdown already in place before 11 September, the Federal Reserve said yesterday, Wednesday.
HKMA's Yam - Catastrophe to drop HK$ peg now
HONG KONG - HKMA chief uses strong words to quash talk of de-pegging from US$ in a speech given on Wednesday.
Brazil calls emergency BRR1 billion debt sale
BRAZIL - Brazil's central bank called an emergency sale of short-term, dollar-linked debt early Thursday to try to prop up its sagging currency.
Speech by Kate Barker of the Bank of England
SPEECH - Speech by Kate Barker, Member of the Monetary Policy Committee of the Bank of England delivered at the Royal Bank of Scotland/ Scottish Economic Society Annual Lecture, Edinburgh on 23 October.
Speech by Lars Heikensten of Sweden's central bank
SPEECH - Speech by First Deputy Governor Lars Heikensten of Sveriges Riksbank, Sweden's central bank, Stockholm, 23 October.
Very short excerpt from Dallas Fed speech
SPEECH - An excerpt (very short) from speeches by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Texas Economic Development Council and Best Southwest Partnership, Dallas, Texas, 20 September.
Alan Greenspan applauds US financial system
US - The US is blessed with a financial system that is "creative, flexible and innovative", said Alan Greenspan, chairman of the Federal Reserve, in a pre-recorded speech to the American Bankers Association.
Soiled notes turn to paper bricks!
INDIA - The Gujarat headquarters of the Reserve Bank of India (RBI) has installed a Rs 2 crore note-shredder imported from the Netherlands at its regional head-office near Gandhi bridge, said regional director, RBI-Gujarat VS Das.
Fourth Bank member alludes to rate cut
UK - Kate Barker last night became the fourth member of the Bank of England's monetary policy committee in a week to hint at approval for future interest rate cuts. Her hint came in a speech to bankers and economists in Edinburgh.
Heikensten - Policy could move in either direction
SWEDEN - The first deputy governor of Sweden's Riksbank, Lars Heikensten, on Tuesday noted that inflation should fall to target levels in the long-term, but near-term uncertainties mean monetary policy could either be eased or tightened in the months…
Schroeder: ECB monetary policy can be improved
GERMANY - German Chancellor Gerhard Schroeder said Friday that the European Central Bank's monetary policy could be improved.
BOK site flooded with Netizen visitors
SOUTH KOREA - The Bank of Korea (BOK) is drawing more interest in cyberspace, with the BOK reporting that its web site has recorded a monthly average of about 134,000 hits so far this year, twice as much as two years ago.
China central bank says deflation still a problem
CHINA - The threat that deflation will re-emerge continues, as domestic consumption remains weak, a senior central bank official wrote in a weekend article.