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Russian government approve banking reform strategy
RUSSIA - The Russian government approved, in broad outline, a banking reform strategy in Russia on 27 September.
Buba head sees US, Europe economies slowing more
GERMANY - Deutsche Bundesbank President Ernst Welteke believes the economies of the U.S. and Europe are likely to slow further after the 11 September terrorist attacks on New York and Washington.
Japan eases Pakistan debt burden
PAKISTAN - Pakistan is to get over half a billion dollars in debt rescheduled by Japan, in recognition of its move to back the global "fight against terrorism".
Australia RBA undertakes 2nd round of dealing
AUSTRALIA - The Reserve Bank of Australia said Friday 28 September it will undertake a second round of dealing in the money market in order to improve liquidity.
IMF may produce interim WEO on impact of US attack
REPORT - Ken Rogoff, chief economist of the IMF said today that his Research Department may well produce an interim World Economic Outlook report to consider some of the quantitative implications of the terrorist attacks in New York.
Bank of Japan pumps more money into system
JAPAN - The Japanese central bank, aiming to shore up confidence in the nation's financial markets ahead of a key accounting deadline this week, continues to pump vast amounts of cash into the economy.
RBNZ appoints new forecasting manager
NEW ZEALAND - Bernard Hodgetts, who occupied the post of chief economist, is leaving the ANZ Banking Group (NZ) Ltd to take up a role at the Reserve Bank of New Zealand.
Bank of Spain maintains confidence in the economy
SPAIN - Director of the Bank of Spain's research department, Jose Luis Malo de Molina said on 25 September that the US economy was sufficiently strong to resist the effect of the attacks and that any downturn would only be temporary.
IMF's Koehler to visit Russia 9-12 Oct, Official
RUSSIA - International Monetary Fund Managing Director Horst Koehler will visit Russia 9-12 October and an IMF mission will spend a week in Russia starting 10 October, a Russian official said Thursday 27 September.
Russia's Geraschenko to step down in a year's time
RUSSIA - Russian financiers were in lively discussion of the probable resignation of Central Bank Chairman Viktor Geraschenko. Until now, Geraschenko always smiled when asked to confirm or deny rumors concerning his impending resignation. On 20 September…
Swiss central bank to sell 283 tonnes of gold
SWITZERLAND - Swiss central bank Schweizerische Nationalbank (SNB) has announced that it plans to sell a further 283 tonnes of gold by end September 2002.
Offshore banks warned over controls
UK - Offshore financial centres, which include the Channel Islands and the Isle of Man, face a "bleak future" unless they improve anti-money laundering controls in the wake of the terrorist attacks in the US, Britain's main financial regulator warned…
IMF News Brief - Loan to Pakistan
NEWS BRIEF - IMF completes last review under Pakistan's stand-by arrangement, approves US$135 million disbursement.
Pakistan wins IMF cash
PAKISTAN - The International Monetary Fund has approved a $135m cash injection into Pakistan, in a further sign of the country's strengthened relations with Western states.
Japan's finances questioned
JAPAN - Japan's ability to repay its sovereign debts has been questioned by a leading international credit rating agency.
Euro zone rates kept on hold
EUROPE - The European Central Bank (ECB) has kept eurozone interest rates on hold.
Speech by Antonio Fazio Governor Bank of Italy
SPEECH - Joint Session of the Fifth Committees of the Italian Senate and Chamber of Deputies. Testimony. Fact-finding preliminary to the examination of the Economic and Financial Planning Document for the years 2002-2006. Antonio Fazio, Governor, Bank of…
ECB Press Release - Monetary policy decisions
ECB PRESS RELEASE - At today's meeting the Governing Council of the ECB decided that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 3.75%,…
Speech by Eva Srejber of Sweden's central bank
SPEECH - Speech by Second Deputy Governor Eva Srejber of Sveriges Riksbank, Sweden's central bank at the Swedish Taxpayers Association 21 September.
Federal Reserve Board Press Release
PRESS RELEASE - "The Federal Reserve Board on Friday announced it is extending the deadline for public comment on the potential longer-term direction of the Board's policy on payments system risk. Comment is requested by November 16, 2001."
Speech by Bob McTeer of the Dallas Fed
SPEECH - Remarks by Bob McTeer, President and CEO of the Federal Reserve Bank of Dallas before the Greater Dallas Chamber of Commerce, 2001 Economic Forum: Business Issues and the Economy, Dallas, Texas 12 September.
The 'Zimbabwe effect' takes toll on currency
The 'Zimbabwe effect' takes toll on currency - Central bank governor Linah Mohohlo says Botswana's profile has been rocked thanks to its proximity to political turmoil.
Watchdog rules credit card retail fees excessive
Fees paid by retailers to credit card companies are "excessive" and anti-competitive, the competition watchdog said in a provisional ruling yesterday.
Tokyo seeks US support to curb yen rise
Senior Japanese officials yesterday hinted that Tokyo was stepping up its efforts to win tacit US support for measures to prevent the yen from strengthening in the aftermath of last week's terrorist attacks in the US.