Despite a slowdown in inflation in recent months, concerns about the impact of a hike in the minimum salary and volatile oil prices led Brazil's central bank to keep its key interbank interest rate steady, according to minutes of last week's monetary…
The Russian Federation government has approved the draft agreement between Russia and Belarus concerning the introduction of a single currency and the establishment of a single centre of issue of the Union State.
Turkey's central bank on Thursday shut off the taps of the emergency funding it has carried out over the last six trading days to ease a liquidity crunch sparked by fears of a banking sector crisis.
Economic growth in the Indian Ocean Comoro islands slowed to 1.1% in 1999 from 1.2% in 1998, the central bank said on Thursday.
Moldova's central bank said on Thursday it had cut its main interest rate for short-term and medium-term credit to 27.5% from 28.5% with immediate effect.
The Bank of Japan decided at a top policy-making meeting Thursday to leave its monetary policy unchanged until the next session slated for 15 December.
Monetary loosening ahead of Greece's entry into the Eurozone is combining with strong private sector investment activity to risk the Greek economy overheating, according to Deutsche Bank.
Mladjan Dinkic, the newly-appointed governor of the Yugoslavia's central bank, has told the Federal Assembly that one of the bank's top priorities will be the full convertibility of the dinar, which will eliminate the black foreign exchange market.
Montenegro said on Wednesday it would not allow the Yugoslav central bank to resume control over the coastal republic's monetary policy now that it was firm in its aim to gain independence and international recognition.
Greece's central bank said on Wednesday inflation should drop below 3% in the second half of 2001 but called for faster structural reforms to improve competitiveness once the country enters the Eurozone.
The Belgian economy grew 3.1% on the year in the third quarter, down from 4.6% in the second quarter and from 3.5% in the third quarter of 1999, the Belgian National Bank said Wednesday.
Malaysia can keep a lid on interest rates because of its low inflation and monetary policy is likely to remain accomodative to growth, Bank Negara governor Zeti Akhtar Aziz said on Wednesday.
The euro's current weakness is "completely surmountable" if national governments in the 11-nation euro area continue to press ahead with structural reforms, Bundesbank council member Franz-Christoph Zeitler said Wednesday.
The head of Armenia's central bank said that stability in the financial markets will be maintained when the government spends 8 bln drams from the privatisation fund in order to cover social expenses and other financial inflows in December 2000.
Romanian commercial bankers said on Wednesday the central bank was expected to gradually cut the rate on minimum reserve requirements starting this year.
Belarus's central bank said on Wednesday it would lower its key refinancing rate to 80% annually from 85 percent, effective December 1.
New Zealand's Reserve Bank Wednesday announced changes to the format of its quarterly monetary policy statements, underscoring its desire to shift public focus of its monetary policy away from the short to the medium term.
November inflation is expected to come in at between 5% and 5.5% due to a weaker peso, the Bangko Sentral Philippines yesterday said.
The Bank of England, the UK central bank, has warned that it is premature to rule out further interest rate rises and threatened an immediate response if the government makes big pre-election tax cuts.
Venezuela is "on the edge of an economic boom," predicts central bank director Armando Leon.
El Salvador must keep a tight rein on government spending to succeed with a controversial plan to introduce the US dollar into general use and jump-start its economy, economic analysts say.
Bundesbank President Ernst Welteke said on Tuesday that the European Central Bank would discuss raising the reference value for M3 monetary growth to 5% from 4.5% at its December 14 meeting.
Villy Bergstroem, deputy governor of Sweden's central bank, the Riksbank, Tuesday reiterated earlier Riksbank statements that an interest rate hike will come sooner or later.
Europe's single currency was more likely to recover against other key currencies than to fall further, Mervyn King, deputy governor of the Bank of England, said on Tuesday.