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Online training to fight money laundering
UK - A new online training programme is being launched to try and prevent money laundering in the UK.
IMF seeks to monitor Japan bank system
JAPAN - The International Monetary Fund has asked Japan for permission to send inspectors to monitor the country's banking system, in the latest sign of mounting worries about the Asian economic power's stability.
CEPR - Monitoring the European Central Bank (MECB)
RESEARCH - New research from the Centre for Economic Policy Research. The authors of the latest MECB Update argue that the ECB should only cut interest rates when falling growth prospects will be accompanied by an unambiguous decline in inflation…
Forecasting recessions using the yield curve
RESEARCH - A staff report by Marcelle Chauvet and Simon Potter of the Federal Reserve Bank of New York, August 2001.
Regulators to order banks to publicly reveal more
PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP) will soon implement stricter disclosure requirements for banks as part of its thrust to promote greater transparency in the industry.
Polish c bank urges speedy public finance reform
POLAND - Poland's outgoing deputy central bank head Richard Kokoszczynski on 28 August urged the government to reform public finances quickly or face disgruntled capital markets and possible delays in European Union (EU) accession.
Lithuanian c bank to set 2002-2004 guidelines
LITHUANIA - Lithuania's central bank said its board will discuss on 30 August its action plan for the next three years, but the document will not affect exchange rate policy.
Hayami - Absolutely wrong to say BOJ OKs deflation
JAPAN - Bank of Japan Governor Masaru Hayami 29 August shot down suggestions the central bank is tolerating Japan's severe deflationary environment, Kyodo News reported.
IMF to cut global forecasts
US - The IMF has cut its forecast for world economic growth this year to 2.8% from 3.2%, Reuters reported on 29 August citing unnamed sources at the international lender.
Welteke - ECB focus is inflation, not growth
GERMANY - Ernst Welteke, member of the European Central Bank council, on 29 August said there were signs of a possible recovery of the euro zone's largest economy, but stressed the ECB's main task was to control inflation and not stimulate growth.
Pakistan savers' money at risk
PAKISTAN - About 90,000 savers in Pakistan can't get at their money temporarily as the central bank examines a merger in the sector.
Countdown to euro cash
EUROPE - The European Central Bank begins its campaign today, 30 August, to persuade the 300 million citizens of the eurozone to recognise - and love - their new currency.
Japan moves closer to recession
JAPAN - Steep falls in industrial production and retail sales in July have pushed Japan closer to official recession, figures showed on 30 August.
The unveiling of euro banknotes - Duisenberg
EURO - Wim Duisenberg: Press conference on the occasion of the unveiling of the euro banknotes and their security features. Introductory statement, Frankfurt, 30 August.
Domingo Solans - Euro notes and security features
EURO - Domingo Solans: Press conference on the occasion of the unveiling of the euro banknotes and their security features. Introductory remarks on the euro banknotes and their security features, Frankfurt, 30 August.
Domingo Solans - Mass media campaign
EURO - Domingo Solans: Press conference on the occasion of the unveiling of the euro banknotes and their security features. Presentation of the mass media campaign including a brief overview of the Euro 2002 Information Campaign, Frankfurt, 30 August.
HKMA Quarterly Bulletin (August 2001 Issue)
HONG KONG - The Hong Kong Monetary Authority (HKMA) today, 30 August, published the latest issue of its Quarterly Bulletin.
A History of the Canadian Dollar
BOOK - An extensively illustrated book tracing the intriguing story of Canada's dollar from colonial times to the present day. The book provides a lively and informative account of Canadian money from colonial times to the present.
ECB press release - Monetary policy decisions
At today's meeting the Governing Council of the ECB took the following monetary policy decisions:
ECB cuts interest rates
EUROPE - The European Central Bank has cut interest rates by a quarter of a point to 4.25%.
Greece says readying for countdown to euro switch
GREECE - Greece, the euro zone's 12th member since January this year, is getting ready for a euro information blitz in the months ahead to familiarise citizens with the single currency changeover.
Chile banks may soon pay interest on checking acc
CHILE - Banks might soon offer interest-bearing checking accounts to clients in Chile, after Central Bank President Carlos Massad on 28 August publicly invited the country's leading bank trade association to join in studying the matter.
U.S. coins to cease circulation in Cuba
UNITED STATES - U.S. dollar coins will be taken out of circulation from the Cuban foreign currency commercial network as of October, the island's Central Bank reported 28 August.
High-value euro notes spark concern
FRANCE - Carrefour, the large French-based retail group, yesterday urged only small-scale distribution of high-denomination euro notes in the first months after the January 1 changeover to euro notes and coins, claiming the move would minimise confusion…