Central Banks
What they said about the dollar
ARTICLE - Policymakers' comments about the US currency, whether planned or off-the-cuff, seldom go unnoticed. Todays, 21 August, London edition of the Financial Times reprises some quotes about the dollar.
Monetary Policy in the Euro Area
CENTRALBANKNET'S SPECIAL REPORT - A review by Robert Pringle, Editor, Central Banking Quarterly of a book by Otmar Issing, Vitor Gaspar, Ignazio Angeloni, Oreste Tristani titled "Monetary policy in the euro area: Strategy and Decision-Making at the…
All Eyes on the Dollar
CENTRALBANKNET'S SPECIAL REPORT - Last week, after recent evidence from the Federal Reserve's Beige Book showed that six consecutive cuts in interest rates had done little to revive the US economy, the dollar finally started to weaken. A report by the…
French/German growth difference not structural
GERMANY - France's economic growth has outpaced that of Germany for several years recently but the stronger growth was due to special, not structural factors and the gap should narrow in the future, the Bundesbank said on 16 August.
An anxious countdown to new euro cash
BELGIUM - BELGIUM - In two weeks, thousands of armoured trucks will fan out across Europe to start supplying banks with crisp bills and shiny coins denominated in euros, the single continental currency that will replace the German mark, the French franc…
S.Lanka central bank allows import prepayment
SRI LANKA - The Central Bank of Sri Lanka on 20 August lifted restrictions on the prepayment of import bills introduced earlier this year to stabilise the foreign exchange market.
Japanese investor waits for Slovak c.bank approval
SLOVAKIA - Japanese company Japan Grade One Co Ltd. that wants to buy Devin banka through a 3-billion SKK capital injection has submitted all necessary documents to the National Bank of Slovakia (NBS) that the central bank needs to officially acknowledge…
German banking fed cuts 2001 growth forecast
GERMANY - The German banking federation (BVB) said on 20 August it had cut its forecast for German growth for 2001 to 1.0 - 1.5 percent from an earlier 1.5 percent.
Indonesia expects IMF deal within days
INDONESIA - A deal to resuscitate Indonesia's loans from the International Monetary Fund, frozen since last year, could be finalised as early as 23 August, according to the Indonesian government.
Bank of Japan targets deflation
JAPAN - Japan's central bank is ready to consider further steps to bolster the country's troubled economy, with an inflation target now a possibility, according to top finance officials.
UAE c bank to launch real time settlement system
UAE - The UAE Central Bank will launch the Real Time Gross Settlement System in the UAE on August 25, 2001.
Back to Bretton Woods
UK - The anti-globalisation protesters have a point, argues Felix Rohatyn a former US ambassador to France, in the London edition of the Financial Times, 20 August. It is time to reform the IMF and World Bank, he says.
IMF and World Bank plan to meet protestors
US - The International Monetary Fund and World Bank have agreed to a public debate with leading anti-globalisation activists during the organisations' annual meetings to be held in Washington next month.
Business Outlook Survey - Philadelphia Fed
RESEARCH - The Federal Reserve Bank of Philadelphia has published its Business Outlook Survey for August 2001.
Central Bank of Croatia - Annual Report 2000
ANNUAL REPORT - The Central Bank of Croatia has published its Annual Report 2000.
Central Bank of Haiti - Annual Report 2000
ANNUAL REPORT - The Central Bank of Haiti has published its Annual Report 2000. It is available to read on their web site but only in French.
Central Bank of Namibia - Annual Report 2000
ANNUAL REPORT - The Central Bank of Namibia has published its Annual Report 2000.
Macroeconomic risks of euro currency changeover
RESEARCH - A recent report, EMU Watch, from the Deutsche Bank looks at macroeconomic risks related to the final steps of the euro changeover 2001/02. The report looks at two main risks, macroeconomic demand and price risks, the other of dangers related…
Thailand rejects IMF interest rate advice
THAILAND - Prime Minister Thaksin Shinawatra on 17 August rebuffed an IMF suggestion that Thailand should not rule out cutting interest rates, saying rates were already low enough despite the need to boost the faltering economy.
Govt and bank move to cut deadlock in Romania
ROMANIA - The Adrian Nastase Cabinet approved in a 16 August sitting a programme of action in conjunction with Romania's central bank BNR to diminish the financial deadlock.
Profiles of bank of Japan policy board members
JAPAN - The Bank of Japan (BOJ) today, 17 August, released the minutes of its monetary policy meeting held on 28 June and 12-13 July.
India RBI says dividend to govt at 93.5 bln rupees
INDIA - The Reserve Bank of India (RBI) said on 17 August it has decided to transfer a dividend of 93.50 billion rupees to the federal government out of its surplus profit.
Cavallo aide pleads for patience on IMF
ARGENTINA - Market expectations on the speed of talks between Argentina and the International Monetary Fund on an expected multibillion-dollar aid package are "a bit exaggerated," an aide to Economy Minister Domingo Cavallo told local radio on 16 August.
Recent Economic Developments in Japan
JAPAN - Bank of Japan - Monthly Report of Recent Economic and Financial Developments August 2001. Full Report.