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Germany clears way for new bank rules
GERMANY - The major remaining barrier to a global shake-up of bank reserves has been removed after the German government agreed to a politically-sensitive compromise over lending to small companies.
Bank of England leaves interest rates at 4%
UK - The Bank of England's monetary policy committee on Thursday left its benchmark interest rate unchanged at 4 per cent, a 38-year low.
China's central bank tackles money laundering
CHINA - The People's Bank of China has formed a division to combat money laundering, a crime that involved up to 200 billion yuan (HK$188.6 billion) on the mainland last year.
Argentina to make payment on IMF debt Thursday
ARGENTINA - Argentina will today make a scheduled 52 mln US$ payment on its IMF debt, said central bank chairman Aldo Pignanelli.
ECB holds rates steady
GERMANY - The European Central Bank's governing council decided on Thursday to leave the eurozone's benchmark interest rate unchanged at 3.25 per cent.
Brazil bank acts to boost Real
BRAZIL - Brazil's central bank said yesterday it would inject $1.5bn (£976m) into the currency market this month to help steady the Real, which has fallen to a record low amid uncertainties ahead of October's presidential elections.
Research from the St Louis Federal Reserve Bank
RESEARCH - The Stock Market: Beyond Risk Lies Uncertainty, By Frank A. Schmid, published in The Regional Economist - A Quarterly Review of Business and Economic Conditions from The Federal Reserve Bank of St. Louis.
IMF Working Paper
RESEARCH - On the Origins of the Fleming-Mundell Model, Working Paper by James M. Boughton, Policy Development and Review Department, June 2002.
ECB Press Conference
PRESS CONFERENCE - Introductory statement, Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank, Luxembourg, 4 July.
Norges Bank Press Release
PRESS RELEASE - Norges Banks Annual Report on Payment Systems for 2001, 2 July.
Speech by Yutaka Yamaguchi, Bank of Japan, 3 July
SPEECH - In a speech titled 'Central Banking in Uncharted Territory' Yamaguchi said that "the US dollar reached its peak in January and has been depreciating significantly since then. Such a forex rate movement reflects these changes in global capital…
Reserve Bank of Australia Discussion Paper
RESEARCH - Reserve Bank of Australia Discussion Paper: Options for EFTPOS Interchange Fee Reform, EFTPOS Industry Working Group, July 2002.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 4 July.
UK's anti-euro lobby enlist help of celebrities
UK - A British cinema advertisement in which comedian Rik Mayall mimics Adolf Hitler plunged the campaign to keep the pound into a row on Tuesday.
Radicals want Polish central bank chief dismissed
POLAND - The Self-defence farmers' trade union (Samoobrona) radical farmers' union filed a draft resolution with the Sejm (lower house of parliament) on Wednesday for a dismissal of central bank head Leszek Balcerowicz.
Brazilian currency hits another record low
BRAZIL - Brazil may have won the World Cup for the fifth time last Sunday but the harsh realities of life return as the country's currency yesterday hit another record low. The governor of Brazil's central bank said that markets were ignoring the country…
RBNZ raises main interest rate to 5.75 - up 0.25%
NEW ZEALAND - The Reserve Bank of New Zealand said it has decided to increase the official cash rate by 25 basis points to 5.75 pct so that they no longer encourage accelerated spending although further increases were now "rather less likely" than was…
Former Ugandan central bank chief in 'civil jail'
UGANDA - The East African newspaper reported on Monday that the former governor of Uganda's central bank, Dr Sulaiman Kiggundu, was currently being held in jail for not paying a $360,000 debt.
South Africa's Reserve Bank in Atlanta mission
SOUTH AFRICA - South Africa's central bank governor will meet leading African-Americans in Atlanta next week in an effort to boost US investment in the country.
Demand must moderate, Sir Edward George warns
UK - Sir Edward George, governor of the Bank of England, has warned that "domestic demand will have to moderate of its own accord" or "we'll have to put rates up" He was speaking in an interview with a Scotland based newspaper.
Independence exaggerated
LETTER - Letter published in the London edition of the Financial Times on Wednesday from David Kern.
Answering tough online questions in 11 languages
ARTICLE - The change-over to the euro at the start of this year posed numerous challenges not only for banks and businesses across much of Europe but, as the Financial Times investigated on Wednesday, it also posed problems for the team of writers,…
Research from the Federal Reserve Bank of Atlanta
RESEARCH - The Behavior of Federal Funds Futures Prices over the Monetary Policy Cycle by Jeff Moore and Richard Austin, Federal Reserve Bank of Atlanta, Economic Review, Second Quarter 2002.