Central Banks
IMF considers sovereign debt protection
US - The International Monetary Fund has unveiled a radical plan to make itself the gatekeeper for a system designed to give heavily-indebted countries bankruptcy protection.
Germany 'is already in recession'
GERMANY - A day after news that the US entered a recession in March a leading economic think-tank has said Germany is already in a recession, and things will get worse later this year.
UK economy closer to eurozone
UK - Britain's economy has become more closely aligned with the eurozone than many countries that are already members, according to the OECD.
€ Euro - French police break up euro strike
FRANCE - French riot police have forced their way into the only mint in the country producing euro coins, after a 10-day strike by workers over pay and conditions.
Luxembourg's secret euro plan
LUXEMBOURG - Luxembourg was prepared to break up its monetary union with Belgium at the height of the crisis in Europe's exchange rate mechanism (ERM) in 1993, the country's prime minister has revealed.
€ Euro - Portugal rolls presses again
PORTUGAL - The euro has brought banknote printing back to Portugal for the first time in almost a century. Since the early 1900s, the work had been outsourced, largely to the UK, for reasons of economy of scale. But the Bank of Portugal decided that it…
€ Euro - Fears over Thai impostor
NETHERLANDS - The Dutch vending machine industry has raised the alarm about similarities between the new Euros 2 coin and 10 Thai baht, which has been discovered to fit in most machines being prepared for the arrival of the single currency.
€ Euro - Spaniards await manana
SPAIN - Only 42 per cent of businesses in Spain say they are ready for the euro, according to a survey by the Spanish chambers of commerce published yesterday.
€ Euro - Luck of the Irish thwarted
IRELAND - When David Hickey instructed his bank in Dublin to transfer funds to an account in Spain, he never expected to end up in court, fingerprinted, handcuffed and facing possible criminal charges.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada lowers key policy interest rate by 1/2 percentage point to 2 1/4 per cent.
Bank of Canada lowers key policy rate by 0.5%
CANADA - The Bank of Canada today, Tuesday, announced that it is lowering its target for the overnight rate by one-half of one percentage point to 2 1/4 per cent.
Speech by Robert Parry of the San Francisco Fed
SPEECH - Speech by President and CEO Robert T. Parry of the Federal Reserve Bank of San Francisco to the UC Berkeley 24th Annual Real Estate and Economics Symposium, 19 November.
Austrian c bank - ECB not relaxing stability pact
AUSTRIA - Austrian central bank Governor Klaus Liebscher Friday said the European Central Bank's stance on the euro-zone's Stability and Growth Pact won't be relaxed.
Russia's central bank head office may be moved
RUSSIA - Members of a working group drafting amendments to a new law on the Central Bank are proposing moving the bank's head office from Moscow to St. Petersburg.
Parry: Q4 fall off in econ likely sharper than Q3
US - The downturn in high-tech business has been particularly rough for the San Francisco Bay area, where unemployment and commercial vacancies have been rapidly on the rise, said San Francisco Federal Reserve President Robert Parry Monday 19 November.
BoJ deflects US pressure on bonds
JAPAN - The Bank of Japan yesterday deflected pressure from the US administration to buy foreign bonds to weaken the yen by saying that any such move should be made by the ministry of finance intervening directly in the markets.
Bank of England Quarterly Bulletin - Winter 2001
REPORT - The Quarterly Bulletin provides regular commentary on market developments and UK monetary policy operations. It also contains research and analysis and reports on a wide range of topical economic and financial issues, both domestic and…
ECB's Trichet gives little away on rates
EUROPE - European Central Bank Governing Council member and Bank of France Governor Jean-Claude Trichet gave little indication in a German newspaper interview Saturday of when the ECB might cut interest rates again.
Bank's rising star tipped to back rate cut
AUSTRALIA - Long serving central banker Glenn Stevens is the emerging frontrunner to become new deputy governor of the Reserve Bank of Australia - and his first decision is likely to be for another cut in interest rates.
Outsiders part in BI dep gov selection opposed
INDONESIA - A legislator Sunday denied reports on the involvement of outsiders in the House of Representatives (DPR)'s selection of a Bank Indonesia (central bank) deputy governor.
China will increase euro reserves
CHINA - The vice president Guo Shuqing with The People's Bank of China discloses that China has purchased a number of Euro as foreign exchange reserve in the past 2 months.
Bank of Mauritius - Annual Report 2001
ANNUAL REPORT - The central bank of Mauritius has published its Annual Report for the year ended 30 June 2001.
Welteke - UK, Denmark, Sweden welcome to join EMU
GERMANY - The UK, Denmark and Sweden are "certainly welcome to join" European monetary union, European Central Bank Governing Council member and Bundesbank President Ernst Welteke said Friday in a speech.
IMF spotlight on Argentina
ARGENTINA - An International Monetary Fund mission arrives in Buenos Aires on Sunday to study the country's accounts and decide whether to continue disbursing funds from Argentina's loan programme.