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Yugoslav central bank rejects devaluation talk
YUGOSLAVIA - Yugoslav National Bank governor Mladjan Dinkic on Thursday rejected all speculation about the devaluation of the national currency, the dinar, saying that it "will remain stable over the next 10 years until it is replaced by the euro after…
Kazakh Nat Bank head rejects resignation rumours
KAZAKHSTAN - The chairman of the National Bank of Kazakhstan, Grigoriy Marchenko, has rejected rumours that he would soon resign.
New currency to stabilise inflation in Afghanistan
AFGHANISTAN - The head of Da Afghanistan Bank, the central bank in Afghanistan, Anwar al-Haq Ahadi, announced in an interview that with the distribution of the new banknotes in Afghanistan it can be hoped inflation will be reduced.
Ex-Trinidad central bank head is party candidate
TRINIDAD - Former central bank Governor Winston Dookeran will contest the 7 October general elections on a ticket of the main opposition United National Congress (UNC), amid mounting fears that violence may mar the campaign.
BOJ considers easing credit further
JAPAN - The Bank of Japan is considering easing credit to give the economy a push before companies close their books for the half year ending this month, BOJ sources have said.
Fiji central bank head concerned at worker loss
FIJI - The head of Fiji's central bank has expressed concern at the increasing number of skilled people leaving the country permanently.
IMF Global Financial Stability Report
REPORT - The International Monetary Fund on 12 September published its Global Financial Stability Report, Market Developments and Issues, September 2002. In the report the IMF said there were "signs of contagion" from Brazil to other emerging market bond…
Speech by A Schilder, Nederlandsche Bank, 27 June
SPEECH - In the speech titled 'Social exclusion and the financial system' Schilder said that a financially stable economy and a solid banking system are key factors to allow better chances for social inclusion of the poor. If there is no such stability,…
Testimony of Fed Chairman Alan Greenspan, 12 Sep
TESTIMONY - In testimony titled 'Current fiscal issues' to the US budget committee on Thursday Greenspan was downbeat suggesting that the most recent forecasts of Fed policymakers, released in July, would be "somewhat lower" if re-estimated today. He…
South African Reserve Bank Press Release
PRESS RELEASE - Statement of the Monetary Policy Committee. Issued by Mr T.T. Mboweni, Governor of the South African Reserve Bank, after a meeting of the Monetary Policy Committee in Pretoria, 12 September.
ECB Press Conference - Question and Answer Update
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, Dr. Lucas Papademos, Vice-President of the ECB, Frankfurt, 12 September.
Fed's beige book confirms US economy sluggish
US - The Federal Reserve's beige book published Wednesday offered support from the central bank's districts that the economy is in a lacklustre phase of recovery, and may imply no change in interest rates at the Fed's next policy meeting.
Greenspan says U.S. weathered several blows
US - Federal Reserve Chairman Alan Greenspan told Congress on Thursday that a year after the terrorist attacks, the U.S. economy appears to have done a good job of withstanding a series of severe blows, "although the depressing effects still linger."
Exports provide a boost to Japanese economy
JAPAN - The Japanese government on Wednesday confirmed that the country emerged from a year of economic recession in the April-June period by making a slight upward revision to second-quarter gross domestic product figures.
Report claims the euro may cause skin allergy
SWITZERLAND - Euro coins give some people a skin rash and a group of Swiss scientists have just released their research findings as to why this happens.
Thailand central bank's supervisory role to grow
THAILAND - Planned legal changes in financial sector supervision will give the Bank of Thailand increased authority over bank subsidiaries and credit card issuers.
Trinidad and Tobago reports slower economic growth
TRINIDAD - The central bank has reported a deceleration in economic growth so far this year, saying in its September report this was due to a contraction in the non-energy sectors.
Survey shows Seoul residents favour W100,000 notes
SOUTH KOREA - Eight out of every 10 people in Seoul are in favour of the circulation of banknotes denominated 50,000 won and 100,000 won, according to a survey Wednesday.
ECB Press Conference, 12 Sep
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank, Frankfurt, 12 September 2002. At today's meeting Duisenberg said the Governing…
Deutsche Bundesbank Monthly Report, August 2002
REPORT - Germany's central bank, on 11 September published its Monthly Report for August 2002. The Bundesbank finds that although the global economic recovery continued at a moderate pace in the second quarter, the outlook for the coming months has…
Speech by H Kohler, Managing Director, IMF, 10 Sep
SPEECH - Opening Remarks for a Press Conference on Japan by Horst Kohler, Managing Director, International Monetary Fund, Imperial Hotel, Tokyo, 10 September. Symposium to Commemorate the 50th Anniversary of Japan's Membership in the International…
Speech by H Kohler, Managing Director, IMF, 10 Sep
SPEECH - In a speech titled 'Japan and the IMF - 50 Years of Economic Progress and International Leadership' Kohler said there are welcome signs that Japan may at last be emerging from recession. But the consensus among forecasters is that the recovery…
Speech by Cathy Minehan, Boston Fed Bank, 9 Sep
SPEECH - In a speech Minehan said U.S. interest rates are low enough to stimulate the economy and bolster consumer spending in a "slow" recovery from recession. "This recovery will stay the course, however bumpy that might be right now," Minehan said to…