News
IMF promises more efforts on crisis prevention
IMF ANNUAL REPORT 2001 - International Monetary Fund Managing Director Horst Koehler yesterday, Wednesday, reiterated that the international lender will focus more in the coming months and years on preventing economic crises.
IMF new lending rises slightly
IMF ANNUAL REPORT 2001 - Lending by the International Monetary Fund in its financial year 2001 to last April increased slightly, reflecting additional loans to Argentina and Turkey to assist their economic reform.
Embracing change, IMF looks for shareholder reform
IMF ANNUAL REPORT 2001 - The International Monetary Fund yesterday, 20 September, issued its annual report for 2001, highlighting its progress in implementing reforms and urging its members - particularly the advanced economies - to do the same.
Bank had considered UK rate rise
UK - The Bank of England had been considering raising interest rates this month, minutes of a key meeting have revealed.
NZ's Reserve Bank cuts cash rate by 0.5%
NEW ZEALAND - The Reserve Bank of New Zealand Wednesday 19 September cut its official cash rate by 50 basis points, to 5.25%, from 5.75%.
Statement from the Reserve Bank of New Zealand
NEWS RELEASE - RBNZ cuts OCR to 5.25 per cent.
Minutes of the Monetary Policy Committee meeting
NEWS RELEASE - The Bank of England has published the minutes from its Monetary Policy Committee (MPC) meeting held on 5 and 6 September.
World Bank appoint new country manager to Bulgaria
BULGARIA - The World Bank has announced that Oscar de Bruyn Kops had been appointed World Bank Country Manager to Bulgaria.
History of central bank intervention
UK - Following is a chronology of intervention in foreign exchange markets by central banks from major industrial nations on the dollar, the yen, the German mark and the euro.
HKMA says no evidence of Bin Laden deposits in bks
HONG KONG - Hong Kong's quasi-central bank said Wednesday 19 September it has no evidence that Osama bin Laden, the prime suspect in last week's U.S. terrorist attacks, and his associates are keeping cash in the city's banks.
Welteke: No need to be too pessimistic on economy
GERMANY - Deutsche Bundesbank President Ernst Welteke said today, Wednesday 19 September, cautioned against being overly pessimistic about German economic growth prospects in the wake of last week's terrorist attacks on the U.S.
Pakistan c bank assures liquidity to money market
PAKISTAN - State Bank of Pakistan, the country's central bank, will keep the money market liquid to alleviate any outflows from a treasury-bill auction today, Wednesday, and nervousness from events in Afghanistan, a senior official said Wednesday 19…
Chicago Fed cancels Oct conference on asset prices
US - The Federal Reserve Bank of Chicago said yesterday, Tuesday 18 September, it had cancelled a conference on asset price bubbles that was co-sponsored by the World Bank.
Report - Central banks did not act together
US - Unlike the co-ordinated monetary policy moves that were the hallmark of international economic co-operation of the 1980s, the spate of interest rate cuts that rippled around the world on Monday and Tuesday was not a pre-arranged exercise by G7…
Russians allowed to open accounts in foreign banks
RUSSIA - Russia's Central Bank allowed Russian citizens to open accounts in foreign banks for non-business purposes, according to the CBR ruling, published in CBR's official bulletin today, 19 September. The ruling takes affect in ten days.
US and ECB slash rates 0.5% to stabilise markets
INTEREST RATES - Monday 17 September saw both the ECB and US Federal Reserve cut interest rates by 0.5 percent. The Us move failed to stop substantial falls on the US stock market.
Surprise rise in UK inflation rate to 2.6%
UK - UK inflation has risen much more sharply than expected in August.
World Bank and IMF cancel talks in Washington
US - The World Bank and the International Monetary Fund announced yesterday, Monday 17 September, that they would cancel their annual meetings scheduled for Washington later this month.
Bank of England cuts interest rates 0.25%
UK - The Bank of England Tuesday 18 September said it has cut its repo rate to 4.75% from 5.0% at a special monetary policy committee meeting held Tuesday morning.
Bank of England News Release
NEWS RELEASE - Meeting of Monetary Policy Committee, 18 September
Bank of Japan - News release
NEWS RELEASE - Change in the Guideline for Money Market Operations and Reduction in the Official Discount Rate.
Japan relaxes monetary policy still further
JAPAN - Japan has joined the US, Europe and Canada in easing monetary policy, in an effort to see off recession and calm markets following last week's terrorist attacks.
ECB Press release - Interest rate decision
NEWS RELEASE - Monetary policy decisions, 17 September.
Federal Reserve press release
NEWS RELEASE - Federal Open Market Committee.