Central Banks
BIS delays forex volume report due to US events
SWITZERLAND - The Bank for International Settlements said Tuesday it is delaying publication of its triennial report on foreign exchange volumes by a week because of the late receipt of U.S. data.
Swedes warm to euro as krona totters
SWEDEN - Swedes have become positive about joining the euro for the first time in 18 months, thanks to a plunge in the value of the krona.
ECB probes fishy tale of Dutch euro bank note
GERMANY - The European Central Bank was investigating an embarrassing breach of security on Monday after a man used a five-euro note to buy fish food from a Dutch shop three months before the single currency becomes legal tender.
Cardoso rules out extra measures to support real
BRAZIL - President Fernando Henrique Cardoso said that the central bank has taken the necessary measures to stem the fall of the real, adding that no additional measures are required.
Speech by President Santomero of Philadelphia Fed
SPEECH - Remarks presented by President Santomero of the Federal Reserve Bank of Philadelphia before the Ninth Conference on Pacific Basin Finance, Economics and Accounting, Rutgers University, New Brunswick, NJ 21 September.
Risk deals unrestricted in Latvia
LATVIA - The Latvian Finance and Capital Market Commission on 28 September lifted previous restrictions on Latvian bank's risk deals with residents of Estonia and Lithuania, reported the commission.
The trouble with moving cash
ARTICLE - As Europe prepares to launch euro notes and coins on 1 January, 2002, even the slightest hiccup produces cries of alarm. So when shipments of coins to branches of Societe Generale did not tally with the amounts being debited from its account at…
Monetary policy at centre stage
US - The US Federal Reserve is expected to cut interest rates by 50 basis points when it meets this week.
India banks non-compliant with RBI for net banking
INDIA - None of the banks in the country which offer internet banking facilities today has an IT security policy as stipulated by the Reserve Bank of India.
Survey raises Japan recession fears
JAPAN - Evidence that business confidence in Japan slumped over the summer has sharpened fears that the country is on the verge of its fourth recession in a decade.
Speech by Wim Duisenberg President of the ECB
SPEECH - Speech delivered by Dr. Willem F. Duisenberg, President of the European Central Bank at the inauguration ceremony of the Second Swedish National Pension Fund, Gothenburg, 26 September.
Australia RBA undertakes 2nd round of dealing
AUSTRALIA - The Reserve Bank of Australia said Friday 28 September it will undertake a second round of dealing in the money market in order to improve liquidity.
Japan eases Pakistan debt burden
PAKISTAN - Pakistan is to get over half a billion dollars in debt rescheduled by Japan, in recognition of its move to back the global "fight against terrorism".
Buba head sees US, Europe economies slowing more
GERMANY - Deutsche Bundesbank President Ernst Welteke believes the economies of the U.S. and Europe are likely to slow further after the 11 September terrorist attacks on New York and Washington.
S Africa ctrl bk may move against Rand speculators
SOUTH AFRICA - Tito Mboweni, South Africa's Reserve Bank governor may move to stamp out the use of local finance to fund speculative attacks against the rand, the daily Business Day newspaper reported Friday 28 September.
Russia gov't lifts restrictions on bank bond issue
RUSSIA - Deputy Prime Minister and Finance Minister Alexei Kudrin reported that on 27 September the government decided to lift restrictions on the issue of Central Bank bonds.
VISA attacks RBA credit card plan
AUSTRALIA - Reserve Bank of Australia (RBA) plans to regulate credit card interchange fees have come under attack from Visa International.
Speech by Bob McTeer of the Dallas Fed
SPEECH - Remarks by Bob McTeer, President and CEO of the Federal Reserve Bank of Dallas before the Greater Dallas Chamber of Commerce, 2001 Economic Forum: Business Issues and the Economy, Dallas, Texas 12 September.
Speech by Eva Srejber of Sweden's central bank
SPEECH - Speech by Second Deputy Governor Eva Srejber of Sveriges Riksbank, Sweden's central bank at the Swedish Taxpayers Association 21 September.
ECB Press Release - Monetary policy decisions
ECB PRESS RELEASE - At today's meeting the Governing Council of the ECB decided that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 3.75%,…
Speech by Antonio Fazio Governor Bank of Italy
SPEECH - Joint Session of the Fifth Committees of the Italian Senate and Chamber of Deputies. Testimony. Fact-finding preliminary to the examination of the Economic and Financial Planning Document for the years 2002-2006. Antonio Fazio, Governor, Bank of…
Euro zone rates kept on hold
EUROPE - The European Central Bank (ECB) has kept eurozone interest rates on hold.
Japan's finances questioned
JAPAN - Japan's ability to repay its sovereign debts has been questioned by a leading international credit rating agency.
Pakistan wins IMF cash
PAKISTAN - The International Monetary Fund has approved a $135m cash injection into Pakistan, in a further sign of the country's strengthened relations with Western states.