Central Banking
Korea cbank expects inflation to fall
The Bank of Korea's latest inflation report enviages inflation falling to 3% in the second half of 2001
Central bank governor says China is stabilising
CHINA - Dai Xianglong, the governor of the central bank of China, said on 9 May that his country had made the world economy more stable.
OECD Economic Outlook
RESEARCH - The OECD's Chief Economist, Ignazio Visco, presented the analysis and projections contained in the Economic Outlook No. 69 at a news conference at OECD headquarters in Paris on 3 May. The publication is available in English, French and German…
Bank Indonesia - Annual Report 2000
REPORT - Bank Indonesia reports that economic recovery has improved and that economic growth in the year exceeded expectation.
UK poised for rate reduction
UK - The Bank of England faces pressure to cut interest rates tomorrow, May 9, as it begins its monthly two day meeting.
European Central Bank - Annual Report 2000
REPORT - The European Central Bank released its 2000 Annual Report on May 2. A press release can be read here and there is a link to the full report.
US households more buoyant than generally believed
ARTICLE - The financial position of US households ranks high on the list of concerns about the economic and financial outlook. The fear is that a negative personal saving rate and record debt-to-income levels point to a potential sharp retrenchment in…
Good news reported by latest Fed Beige Book
RESEARCH - More evidence that the US economy has turned a corner after a steep six-month slide is reported in the latest Beige Book summary of regional economic conditions.
A Simple Model for Inflation in Brazil
RESEARCH - Working Paper No. 18 from the Bank of Brazil develops a model to investigate the transmission mechanism of monetary policy. The paper also describes the results of stochastic simulations designed to investigate the behaviour of various optimal…
Price level convergence and inflation in Europe
A paper by John H. Rogers at the Federal Reserve "Price level convergence, relative prices, and inflation in Europe" finds evidence to support the concept of price level convergence and investigates the extent to which divergence of national inflation…
Interview with Governor of Malaysian CB
SPEECH - The Governor of the Central Bank of Malaysia gave an Interview for the Banking Supplement 2001 of The Star newspaper on 30 April 2001. The Governor gave his views on the developments, challenges and opportunities facing the Malaysian banking…
Bank of Canada report
REPORT - The Bank of Canada released its semi-annual Monetary Policy Report on May 1.
Central bank denies meeting on ringgit
MALAYSIA - Malaysia's central bank has denied market rumours of any meeting or statement on the ringgit peg.
Gerashchenko gloomy on Russian banks
Interviewed in The Banker magazine (May 2001 edition) Viktor Gerashchenko, head of Russia's central bank painted a gloomy picture of the state of Russia's banking system.
Chinese CBank announces gold market liberalisation
China's central bank governor, Dai Xianglong, has announced that the central bank is to liberalise the Chinese gold market, establishing a gold swaps market in Shanghai.
Bank must cut rates to avoid slump
UK - Britain faced warnings to cut interest rates to head off the risk of economic slowdown.
Polish govenor scores low in poll
Poll: Poland's central bank governor not trusted according to a poll of Polish adults
Lamfalussy reforms in jeopardy
Proposals designed to speed up European securities market regulation are in trouble after the European Commission rejected a deal proposed by the European Parliament.
Currency crisis could oust Wahid
INDONESIA - The Indonesian rupiah has plummeted to new lows. In April 2001, Indonesia was rocked by more political instability as Indonesian President, Abdurrahman Wahid, was threatened with impeachment.
Sri Lanka halts slide as central bank steps in
SRI LANKA - Sri Lanka's rupee ended a two-day plunge of more than three percent on May 3, firming at the close after the central bank sold dollars in the market for the second successive day.
Supereconomies face clashes
EUROPE - Central bank politics is assuming an intriguing role in attempted reversal of the slowdown of the US economy and spreading effects on other parts of the world.
Main comments from ECB's Issing speech
SPEECH - Edited highlights of a speech by Otmar Issing, chief economist of the European Central Bank, at a business seminar in London on May 3.
Rate to be cut before inflation hits target
REPORT - A poll showed that the biggest group of economists still believes the ECB will cut its benchmark rate from 4.75 percent next month even though inflation is heading up, not down.
Ex-BOJ Fukui warns policy shift has dangers
TOKYO - The Bank of Japan's (BOJ) recent adoption of a radically different easy money policy risks driving the yen to excessively low levels and, worse, could set a profligate government on the path to fiscal bankruptcy, a former deputy governor of the…