Central Banks
US economy in freefall
The US economy, which makes up one quarter of world economic output, is slowing sharply, and bringing down growth throughout the rest of the world.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
Watchdog rules credit card retail fees excessive
Fees paid by retailers to credit card companies are "excessive" and anti-competitive, the competition watchdog said in a provisional ruling yesterday.
The 'Zimbabwe effect' takes toll on currency
The 'Zimbabwe effect' takes toll on currency - Central bank governor Linah Mohohlo says Botswana's profile has been rocked thanks to its proximity to political turmoil.
Speech by Dr Y. V. Reddy of Reserve Bank of India
SPEECH - Address by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, at the 150th anniversary of the Reuters Group, at Mumbai, on August 28, 2001. "Communications Policy of the Reserve Bank of India."
Speech by Shri Vepa Kamesam Reserve Bank of India
SPEECH - Address delivered by Shri Vepa Kamesam, Deputy Governor, Reserve Bank of India at the National Awards Presentation function for State Co-operative Agriculture & Rural Development Banks organized by National Co-operative Agriculture & Rural…
Bank of Japan - Monetary policy meeting minutes
REPORT - Minutes of the Monetary Policy Meeting of the Bank of Japan held on 13 and 14 August.
Speech by Dr Y. V. Reddy of Reserve Bank of India
SPEECH - Address by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, to members of the Managing Committee of the Indian Merchants' Chamber on 17 July, 2001, at Mumbai. "Fiscal Transparency and Beyond".
Bank of Japan board voted 8-1 to ease policy
JAPAN - The Bank of Japan (BOJ) on Tuesday released the minutes of its monetary policy meeting held on August 13-14.
Pakistan on course for further IMF funds
PAKISTAN - The International Monetary Fund yesterday, Monday 24 September, said Pakistan was on track for a fresh lending package, but played down its size and denied it was connected to the campaign against terrorism.
Britain marginalised by failure to join euro
UK - The global economic response to the terrorist attacks in the US showed Britain has been marginalised by its failure to join the euro, the UK Liberal Democrats political party said on Monday 24 September.
IMF shrugs off recession fears
US - The IMF has said it does not expect the global economy to fall into recession as a result of the impact of the terrorist attacks on the United States.
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…