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State Bank of Pakistan lifts foreign ex quotas
PAKISTAN - Pakistanis travelling abroad are now free to buy as much foreign exchange as required at the interbank exchange rate.
ECB Issing - Euro undervalued deficit targets stay
SPAIN - European Central Bank Chief Economist Otmar Issing said Friday that the euro is undervalued and that he remains confident that the currency's value will rise in the future.
Cash transfer move falters in Europe
EUROPE - The European Commission's 12-year attempt to reduce charges for cross-border money transfers in Europe is in danger of collapsing because of last-minute opposition from several European Union members and fierce lobbying by banks.
UK shouldn't miss further opportunities in Europe
UK - United Kingdom Prime Minister Tony Blair said Friday that the U.K. shouldn't miss any further opportunities in Europe particularly regarding the euro.
ECB Duisenberg - EU enlargement no threat to euro
GERMANY - The planned enlargement of the European Union by a number of accession countries poses no threat to the euro currency, European Central Bank President Wim Duisenberg said Friday.
Real-time payment system operational in Russia
RUSSIA - Natalia Kochetkova, director of the payment systems and clearance department of the Central Bank announced that the bank had put into operation a system for the processing of payments in real time in Moscow and the Moscow Region.
Germany slips into recession in third quarter
GERMANY - Germany's economy slipped into technical recession in the third quarter, after poor figures for gross domestic product growth confirmed a decline for the second three-month period running.
Bank of England minutes refocus minds in markets
UK - The minutes of November's interest rate meeting at the Bank of England released Wednesday suggest that financial markets may have been premature in assuming interest rates won't fall below their current level.
NZ Brash - Real prospect NZ econ will slow greatly
NEW ZEALAND - There is a "real" prospect of a significant downturn in the New Zealand economy over the next year, allowing interest rates to be lower than previously assumed without jeopardizing price stability, Reserve Bank Governor Donald Brash said…
Euro changeover may affect Sterling exchange rate
JAPAN - The introduction of euro notes and coins may have implications for the euro-sterling exchange rate, according to Bank of England's director for Europe, John Townend who was speaking in Tokyo.
Bank of England Monetary Policy Committee Minutes
UK - Minutes of the Bank of England Monetary Policy Committee Meeting held on 7 & 8 November 2001.
Federal Reserve Bulletin - November 2001
RESEARCH - The Economic Performance of Small Banks, 1985-2000 by William F. Bassett and Thomas F. Brady.
RBA Bulletin - November 2001
REPORT - The Reserve Bank of Australia has published its November 2001 Bulletin, Measuring the Real Exchange Rate.
Speech by John Townend of the Bank of England
SPEECH - Speech by John Townend, Director for Europe at the Bank of England at the Institute for International Monetary Affairs Euro Symposium in Tokyo on 16 November.
Speech from Reserve Bank of New Zealand governor
SPEECH - Address by Donald Brash, governor of the Reserve Bank of New Zealand, to the managers of small and medium-sized businesses in Whangarei, 21 November.
Central bank of Greece goes live with finance kit
GREECE - Trema, the premier provider of financial technology, today announced that Bank of Greece has gone live with Finance KIT after completing the second phase of the implementation project, making it the first central bank to benefit from Trema's pre…
Top Polish officials pay frozen for next two years
POLAND - Poland's lower house Wednesday passed a bill freezing top government officials' pay for the next two years and also opening the way for reductions in the wages paid to central bank chairmen and deputy chairmen.
Nucic proposed to stay as Slovenian c bank dep gov
SLOVENIA - The governor of the Slovenian central bank, Mitja Gaspari, has proposed to the Slovenian Parliament to reappoint Samo Nucic, 44, as deputy governor of the bank for another six-year term of office.
Bangladesh appoints new central bank governor
BANGLADESH - Fakhruddin Ahmed has been appointed as the governor of Bangladesh Bank, the country's central bank, an official statement said on Thursday.
Plenderleith: 11 Sep shows fin system resilience
UK - Bank of England executive director Ian Plenderleith said Monday that the world financial markets had done a "fantastic job" in withstanding the shocks following the 11 September attacks on the U.S.
Trichet sees 0.3% growth in France in 4th quarter
FRANCE - Bank of France Governor Jean-Claude Trichet expects French economic growth at 0.3% in the fourth quarter of 2001, following estimated 0.3% growth in the third quarter, according to an interview Monday in French daily newspaper La Croix.
Japan gov't to work with BOJ to tackle deflation
JAPAN - The Japanese government's key policy-setting panel has decided that the government will coordinate policies with the Bank of Japan in an effort to come up with solutions to tackling persistent deflation, according to a memo from the panel's…
BOJ downgrades assessment for 6th month running
JAPAN - The Bank of Japan (BOJ) on Monday downgraded its assessment of Japan's economy for the sixth straight month, saying personal consumption is gradually weakening due to the negative effects of sluggish industrial production on employment and income.
BoE's Wadhwani sees UK inflation below 2.5% target
UK - Bank of England monetary policy committee member Sushil Wadhwani said he expects UK inflation to stay below the 2.5 pct official target over the next two years.