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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…
Federal Reserve Board - Beige Book, September 2002
REPORT - The Federal Reserve Beige Book released 11 September showed slow and uneven growth across the country, and that manufacturers, hit hard by the recession, continued to experience weak demand. Other findings included little job growth.
Pakistan to introduce new money laundering law
PAKISTAN - Pakistan's military government of General Pervez Musharraf is set to introduce a comprehensive anti money laundering law before next month's elections mark a return to civilian rule, the central bank governor said on Wednesday.
Venezuelan central bank rejects gov't criticism
VENEZUELA - The Central Bank of Venezuela (BCV) has said that it will continue its monetary policy despite criticism from the government and warned about the negative consequences a confrontation of positions would have on the exchange market.
Russian fin min proposes liberal forex regulations
RUSSIA - In light of lessening capital flight from Russia, the Finance Ministry is prepared to further liberalize forex regulations, Deputy Prime Minister and Finance Minister Aleksey Kudrin said at a press conference on Tuesday.
Thailand's MPC leave interest rates steady
THAILAND - The Monetary Policy Committee on Tuesday left short-term interest rates unchanged, but said it would lean toward future rate cuts if overseas risks increased.
Bomb blast outside Turkey's central bank
TURKEY - An explosion occurred in front of office of the central bank in the Fatih district of Istanbul at about 1140 pm on Tuesday.
Bank of Uganda head rebuffs banking crisis rumour
UGANDA - Bank of Uganda Governor Emmanuel Tumusiime Mutebile has firmly quashed rumours that the banking sector might again be in crisis.
Ministers see tough few months ahead for eurozone
DENMARK - European Union finance ministers ended talks in Copenhagen at the weekend contemplating a fraught few months for the eurozone economy.
IMF's Kohler says crisis advice is now more humble
US - The managing director of the International Monetary Fund, Horst Kohler, said Tuesday that the IMF had "a lot to learn" about preventing financial crises.
Reserve Bank of India Press Release
PRESS RELEASE - Dr. Rakesh Mohan takes over as RBI Deputy Governor, 9 September.
Speech by M Moskow, President, Chicago Fed, 9 Sep
SPEECH - In a speech titled 'Open Markets and Expanded Trade' Moskow said "the road to recovery is turning out to be bumpy". He also said that "the Fed cannot, and should not, try to smooth out every bump. Monetary policy is simply not capable of doing…
Articles from the Federal Reserve Bulletin
PUBLICATION - Retail Fees of Depository Institutions, 1997-2001, by Timothy H. Hannan in the Federal Reserve Bulletin, September 2002. Since 1990, the Federal Reserve Board has reported annually on changes in the availability of retail banking services…
Duisenberg rules out imminent interest rate cut
EUROPE - The president of the European Central Bank, Mr Wim Duisenberg, has ruled out any imminent cut in interest rates to accelerate economic growth across the euro zone.
Uruguay int'l reserves fall 0.93 pct 5/6 Sept
URUGUAY - Uruguay's international reserves fell 0.93 percent Sept. 5-6 to $742 million, the Central Bank said on Monday, amid relative stability in the financial system following a run on deposits earlier this year.
Fed policymakers, US economic recovery on track
US - Two Federal Reserve policymakers on Monday agreed that the US economy was recovering gradually, although it has hit a few "bumps in the road".
HK's forex reserve amounts to 100 Billion US $
HONG KONG - The Hong Kong Monetary Authority (HKMA) announced Monday that the official foreign currency reserve assets of Hong Kong amounted to 112.3 billion US dollars at the end of August 2002.
China's gold firms told prepare for liberalisation
CHINA - China's gold enterprises should gear up to prepare for changes brought by market liberalisation, said delegates attending the RNA China Gold & Precious Metals Conference in Shanghai on Monday.
China, US 15th session of Joint Economic Committee
US - China and the United States said Monday that strong economic performance and reduced vulnerabilities in both the US and China are vital for sustaining the global recovery that is underway.
BIS starts search for Crockett successor
SWITZERLAND - The Bank for International Settlements has started to look in earnest for a new general manager with a committee of senior central bankers outlining the criteria for a successor to Andrew Crockett, a contender to take over the reins at the…
Committee aid search for new BIS General Manager
PRESS RELEASE - The Board of Governors of the Bank for International Settlements (BIS) has named a committee to assist in seeking a replacement for departing General Manager Andrew Crockett. Mr Crockett has announced his intention to step down at the end…
The IMF and Ukraine: What Really Happened
ARTICLE - A Commentary by Lorenzo Figliuoli and Bogdan Lissovolik, IMF Resident Representatives in Ukraine, Zerkalo Nedeli, 31 August. Recently the Zerkalo Nedeli newspaper has published a number of articles disparaging of the role of the International…
Presentation of the IMF's Annual Report
PRESS RELEASE - The Riksbank hereby invites you to a press meeting today, at 10:00 a.m., with Graham Hacche, Deputy Director, External Relations Department, International Monetary Fund, IMF. Mr Hacche will present the IMF's Annual Report for 2001/2002,…