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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.

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%,…

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.

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.

Bundesbank chief backs tighter scrutiny

Germany's Bundesbank put its weight behind Berlin's efforts to combat money laundering and tighten up scrutiny of potential terrorist accounts on Tuesday, in spite of possible infringements of bank secrecy.

US economy in freefall

The US economy, which makes up one quarter of world economic output, is slowing sharply, and bringing down growth throughout the rest of the world.

Europe faces economic slowdown

The International Monetary Fund (IMF) has warned that Europe will find it difficult to avoid a sharp economic slowdown, as it is hit by the tech sector collapse, weak consumer demand and the aftermath of the terrorist attacks in the USA.

ECB puts yen under pressure

EUROPE - The European Central Bank (ECB) has intervened in the foreign exchange markets, buying euros and selling yen, in an attempt to weaken the Japanese currency.

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