Central Banks
Concerns over euro increasing, says poll
EUROPE - Readiness for the advent of euro notes and coins is increasing across the eurozone, but so are concerns about the new currency, according to a survey published by the European Commission yesterday Monday 24 September.
Pakistan's exchanges re-open
PAKISTAN - Pakistan's stock markets fell steeply when they resumed trading on Monday 24 September after being closed for a week.
ECB puts yen under pressure
EUROPE - The European Central Bank (ECB) has intervened in the foreign exchange markets, buying euros and selling yen, in an attempt to weaken the Japanese currency.
Plenderleith - UK able to weather econ uncertainty
UK - The U.K. is well placed to weather the current world economic slowdown because of its low inflation and the underlying competitive advantages of major economies, Bank of England executive director Ian Plenderleith said Thursday 20 September in a…
Speech by Ian Plenderleith on monetary policy
SPEECH - Speech by Ian Plenderleith, Executive Director of the Bank of England to the Fort William Chamber of Commerce in Scotland, 20 September.
Review of the international role of the euro
RESEARCH - A recent publication from the European Central Bank, September 2001.
Speech by William Poole on economic prospects
SPEECH - Speech by William Poole President of the Federal Reserve Bank of St. Louis, Risk Management Association, Evansville, Indiana 20 September.
Afghanistan currency strengthens
AFGHANISTAN - Money changers in Kabul have reported that the national currency of Afghanistan has strengthened, after losing 10% of its value in the initial aftermath of the attacks on America.
Fed's Poole - Long-run prospects remain bright
US - The prospects for the U.S. economy remain bright despite last week's terrorist attacks, according the president of the Federal Reserve Bank of St. Louis.
Blair warned to make decision about euro entry
UK - Tony Blair has been warned by a close ally that he must stop "dithering" about Britain's place in Europe, and make the political case for joining the euro.
UK growth predicted 'to fall sharply'
UK - A leading think tank has forecast a sharp slowdown in the UK economy next year as a result of the suicide attacks on Washington and New York.
IMF sees no global recession in 2001 or 2002
US - International Monetary Fund First Deputy Managing Director Anne Krueger said Monday 24 September she does not see a global recession in either 2001 or 2002 despite increased economic uncertainty following the 11 September attacks on the United…
Fed extends deadline on payment risks policy
US - The Federal Reserve Board extended until Nov. 16 the deadline for public comment on the potential longer-term direction of its policy on payments system risk.
Testimony of Chairman Alan Greenspan
SPEECH - Federal Reserve Board Chairman Alan Greenspan testified before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 20 September.
ECB Monthly Bulletin - September 2001
REPORT - The European Central Bank published its regular Monthly Bulletin on 20 September.
Economic Forces Shaping U.S. - Japan Trade
SPEECH - Thomas M. Hoenig President of the Federal Reserve Bank of Kansas City gave a speech to the Midwest U.S. - Japan Association, Wichita, Kansas, 10 September.
Bank of Japan - Monthly Report - September 2001
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, September 2001 released 21 September.
Speech by Svein Gjedrem of Norway's central bank
SPEECH - The governor of Norway's central bank, Norges Bank, Svein Gjedrem, gave an address at the Wage Bargaining Conference of the Electricians and IT Workers' Union in Vestfold and Telemark counties on 24 August.
Europe's bank confident of quick recovery
EUROPE - The European Central Bank expressed confidence yesterday that the eurozone would recover quickly from an economic slowdown made worse by last week's terrorist attacks in the US.
More gloom for Japan as BoJ downgrades economy
JAPAN - Confidence in Japan's precarious economy was further undermined on Thursday 20 September as the Bank of Japan lowered its assessment of the economy for the fourth time in as many months and official figures showed a 47.2 per cent slide in the…
Safe-haven currencies and bonds gain, stocks slide
EUROPE - Safe-haven currencies and government bonds gained today, Friday 21 September, as jittery investors pulled out of volatile equities, spooked by last week's terrorist attacks in the US.
Very hard to tell when Japan CPI to exceed zero
JAPAN - Bank of Japan Governor Masaru Hayami said today, 21 September, it is very difficult to tell at this time when Japan's consumer price index will begin increasing.
German business confidence falls
GERMANY - German business confidence has fallen again, reflecting uncertainty over the effects of the terror attacks in the US, a key report has said.
Nigeria's central bank raises rates
NIGERIA - The Central Bank of Nigeria has raised the interest rate at which it lends to commercial banks by 2%, bucking the trend of globally coordinated rate cuts in the wake of the attacks on the US.