Central Banks
IMF and World Bank joint statement
STATEMENT - IMF and World Bank Heads Call for a New Round of Multilateral Trade Negotiations at Doha, Koehler and Wolfensohn urge Ministers to put developing countries at the center of the agenda.
Brazil c bank mulls use of derivatives on forex
BRAZIL - Brazil's central bank is considering the use of derivatives to intervene on the foreign-exchange market as of May 2002, daily O Estado de S. Paulo said Thursday.
Hayami: No talk of monetary policy at econ council
JAPAN - Bank of Japan Governor Masaru Hayami said after a meeting of the government's Council on Economic and Fiscal Policy on Friday that the council did not discuss monetary policy.
Russian central bank gold deal with private bank
RUSSIA - Alfa Bank plans this year to buy nearly 30 tonnes of gold and 200 tonnes of silver, a bank source said.
George: Cen banks have more ammo to fuel growth
SWITZERLAND - The global economy will take longer to rebound than expected just before the 11 September attacks on the United States, Bank of England Governor Sir Edward George said on Monday.
Australia's 'empty' economic agenda
AUSTRALIA - On its first working day after its re-election at the weekend, Australia's government was handed an upbeat assessment of the economy from the central bank, after a campaign that lacked almost any debate on the issue.
ECB Press Conference - Introductory Statement
PRESS CONFERENCE - Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt, 8 November. With a transcript of the questions and answers.
Federal Open Market Committee - Minutes
MINUTES - Minutes of the 2 October meeting. A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday 2 October 2001, at 9:00 a.m.
BIS Press Release
REPORT - Basel Committee Joint Forum releases cross-sectoral reports, 7 November.
Bleak outlook for Asian growth
ASIA - The era of the "Asian Tigers" is over, at least for the next 12 months, as economic growth in Asia slows sharply in the wake of 11 September.
Security hole in cash machines
UK - A serious weakness has been discovered in the methods used by banks to protect the personal identification number (Pin) that lets you get money from a cash machine.
Blow to Argentina debt plan
ARGENTINA - The prospects of Argentina defaulting on its overseas debt have grown after opposition-led provinces voted against a new austerity plan.
Inflation no longer a threat to eurozone
EUROPE - Wim Duisenberg, president of the European Central Bank, said yesterday, Thursday, the bank's decision to cut interest rates by 50 basis points to 3.25 per cent reflected both a need to prop up battered confidence, and the bank's belief that…
FOMC: 'Mild and short contraction' of US econ seen
US - Federal Reserve policymakers expect a "relatively mild and short" U.S. recession, but they're inclined to keep cutting interest rates to banish the prospect of a nastier downturn, minutes of their recent policy meetings suggest.
National bank reserves grew in Kazakhstan
KAZAKHSTAN - Net international reserves of the National Bank of Kazakhstan grew by 6 percent or $146.8 million in October.
RBI to get real time gross settlement system, RTGS
INDIA - Logica India, the Indian subsidiary of UK-based computer services group Logica Plc, on Tuesday said it had been awarded a $16 million contract from the Reserve Bank of India (RBI) to implement a national real time gross settlement system (RTGS).
ECB gold reserves in 2 Nov week
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 2 November, the European Central Bank said Tuesday.
Fraga wants to revoke 500 Finance System norms
BRAZIL - Central Bank President Arminio Fraga said Tuesday that he plans to revoke at least 500 of the approximately 2,000 norms in the National Finance System (SFN) - rules to which Brazilian financial institutions are subject.
Argentina inches closer to debt deal
ARGENTINA - Argentina has edged closer to settling a debt swap deal to save it from defaulting on its international borrowings and effectively going bankrupt.
IMF sees continued gloom for Germany
GERMANY - The German economy should recover from its slowdown in the first half of next year, but business confidence is frail and the government has little room to pursue fiscal expansion, the International Monetary Fund said yesterday, Wednesday.
IMF Staff Report on Germany
REPORT - IMF Publications Germany: 2001 Article IV Consultation--Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion Series, 7 November.
News release from the Bank of England
NEWS RELEASE - Bank Of England Reduces Interest Rates by 0.50% to 4.0%, 8 November.
Bank of England cuts rates by 0.5%
UK - The Bank of England on Thursday cut Britain's interest rates half a point, taking its key repo rate to a 37-year low of 4.0 percent, in a bid to insulate the country from the threat of global recession.
ECB Press Release - Monetary policy decisions
PRESS RELEASE - European Central Bank press release on interest rate decisions, 8 November.