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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…

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…

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.

Time for the euro to grow up

At a lecture organised by the Centre for Economic and Policy Research in London today Richard Portes of the London Business School said that it was time for the euro to grow up, for euro authorities to assume more responsibility in the international…

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