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Speech by Shigemitsu Sugisaki of the IMF, 24 July
SPEECH - In a speech titled 'The U.S. and Japan in the Global Economic System' Sugisaki said "Japan's decade-long economic slump owes much to the delays in implementing structural reform, particularly bank and corporate debt restructuring". He added …
Rates held steady by Fed but easing hints given
US - The Federal Reserve on Tuesday left its key short-term interest rate unchanged but signalled concern about turbulent financial markets and hinted at a possible future easing of monetary policy.
MPC voted unanimously to hold UK rates
UK - The Bank of England's Monetary Policy Committee discussed the case for a cut in interest rates at its August meeting, according to the minutes of its meeting published on Wednesday.
US bank gives away money at ATM
US - Road construction is such a pain at one of Nebraska's busiest intersections that a bank is giving away money for nothing as a special surprise to some customers.
'Cloud' prompts N.Z. to leave rates on hold
NEW ZEALAND - New Zealand left its official cash rate unchanged at 5.75 percent Wednesday, citing the global economy's "increasingly clouded" prospects.
Profiles of Bank of Japan Policy Board members
ARTICLE - The Bank of Japan's Policy Board discussed side effects of its huge fund injection to the money market at its 26 June meeting but concluded that the struggling economy needed the easy monetary policy, minutes showed on Wednesday.
South African banks move to restore trust
SOUTH AFRICA - A review of governance of South Africa's five major banking groups will be undertaken, Registrar of Banks Christo Wiese said on Wednesday.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Reserve Bank pauses, OCR held at 5.75 per cent, 14 August.
Iraq's central bank governor details new bank note
ARTICLE - Iraq's central bank Governor Dr Isam Rashid Huwaysh has explained the bank's decision to issue a 10,000-dinar banknote, in an interview with the Al-Rafidayn web site.
Iran's economy minister threatens to resign
IRAN - Iran's Minister of Economy and Financial Affairs Tahmasb Mazaheri has threatened that he would resign if the Governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh is not removed from office, press reported Wednesday.
Uruguay's central bank to begin deposit return
URUGUAY - Uruguay's government will begin returning deposits on Wednesday to clients of suspended banks Banco Montevideo, Caja Obrera, Comercial and de Credito, the central bank said in a statement.
Russian PM says central bank to continue float
RUSSIA - The central bank and the government of Russia will ensure the stability of the rouble rate in 2003, but the rouble rate should correspond with economic development, Prime Minister Mikhail Kasyanov said at a government session on Wednesday.
Spanish cen bank launches early retirement scheme
SPAIN - Banco de Espana, Spain's central bank, is to offer an early retirement scheme to employees of 50 years of age or older who work at the 30 branches across Spain to be closed down.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting, 31 July and 1 August 2002. The minutes showed members of the Bank of England unanimously voted to leave interest rates on hold at the 31 July-1 August meeting. The members…
Bank of Canada Review, Summer 2002
REPORT - The Bank of Canada Review is a quarterly publication that contains four economic commentary and feature articles. The Bank issued its Summer 2002 Review on 13 August.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent, 13 August.
Crunch time for US economy as Fed ponder rate move
US - An indicator of US economic health will come today, as the Federal Reserve is due to announce its latest monthly interest rate decision.
Surprise rise for UK inflation seen
UK - UK inflation has risen higher than expected, casting doubt on the need for another interest rate cut.
Liberalising our exchange controls
ARTICLE - At the recently-held public/private sector consultation on economic and related issues, Governor of the Central Bank of Barbados, Dr. Marion Williams presented a paper on Barbados' response to the liberalisation of trade in financial services.
China's central bank defends ATM fees
CHINA - The central bank has defended a decision by commercial banks to charge customers for taking money out of automatic telling machines (ATMs) belonging to outlets that are not of the card issuers.
India's central bank may face terrorist threat
INDIA - Amid threats from Pakistan-based militant outfits, the toughest-ever security arrangements are being put in place to ensure a trouble-free Independence Day in India.
Check-truncation talks today
US - Senate House Financial Services Committee staff are scheduled to meet today with bank and consumer groups to seek common ground on check-truncation legislation.
NZ business leaders happy with inflation policy
NEW ZEALAND - Most of the country's top business people see no need to alter the way the Reserve Bank administers monetary policy.
Stagnation warning from Poland's central bank
POLAND - GDP increases and the business climate will remain low in the third quarter of the year while economic growth will be buoyed by exports, the Polish National Bank said in a business climate research report released on Tuesday.