News
Federal Reserve - Press Release
PRESS RELEASE - Federal Open Market Committee decision on interest rates, 2 October.
Reserve Bank of Australia - Press Release
PRESS RELEASE - Monetary policy decision, 3 October.
Australia slashes rates to a 29-year low of 4.5%
AUSTRALIA - Australia's central bank cut official interest rates on Wednesday 3 October by a quarter of a percentage point to a 29-year low of 4.5 percent in a bid to bolster the economy in an international downturn.
Japan moves to step up bank client checks
JAPAN - Japanese financial authorities are set to propose legislation that will force banks to strengthen background checks on customers in the wake of the 11 September terrorist attacks on the US.
PM Blair gives strong endorsement of euro entry
UK - British Prime Minister Tony Blair Tuesday gave his strongest endorsement yet of British membership in the European single currency.
Analysis: The Fed's next move
US - The latest round of cuts by the Federal Reserve leaves many wondering what else the nation's central bank can do to revive the listless US economy.
Moves to curb cash laundering at bureaux de change
UK - Britain is the last European Union country not to regulate bureaux de change, which UK ministers believe act as a conduit for dirty money.
Bank of Finland plan to nominate new board members
FRANCE - Bank of Finland plans to nominate two new members for its board of directors.
Bahrain c.bank says no trace of suspects' assets
BAHRAIN - Bahrain's central bank said on Wednesday 3 October no assets of 27 groups and individuals suspected of having financial links to the 11 September attacks on the United States have so far been found in the island state.
Bank of France printing staff continue strike
FRANCE - Employees belonging to the CGT union at the Bank of France's printing division have extended until today, 3 October, a strike that has been observed since 12 September.
India RBI to release credit policy on 22 October
INDIA - The Reserve Bank of India said Wednesday 3 October that it will publish its bi-annual monetary and credit policy for the current financial year 22 October.
Greenspan urges teachers, students to use Web site
UNITED STATES - If Federal Reserve Chairman Alan Greenspan has his way, the nation's school children will soon be adding monetary policy to their regular courses on reading, writing and arithmetic.
Federal Reserve - Press Release
PRESS RELEASE - The Federal Reserve Board on Thursday launched a new interactive web site developed by the economic educators of the Federal Reserve System. This site offers students, educators and the general public an introduction to the workings of…
Federal Reserve - Press Release
PRESS RELEASE - The Federal Reserve Board on Friday announced the appointment of chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2002.
CBR submits draft 2002 monetary policy guidelines
RUSSIA - The Central Bank of Russia /CBR/ has submitted Monday 1 October the draft 2002 monetary policy guidelines to the State Duma, lower house of parliament, Deputy CBR Chairman Georgy Luntovsky told Prime-TASS Tuesday.
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.
Fed chairman Greenspan to testify to Congress
US - US Federal Reserve Chairman Alan Greenspan will testify before the congressional Joint Economic Committee on Wednesday 17 October.
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.
Philippine central bank orders banks to prepare
PHILIPPINES - The central bank has required banks to submit a contingency plan within 30 days to contain possible risks arising from the terrorist attacks in the US last month, central bank deputy governor Alberto Reyes said.
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.
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.