News
IMF sees signs of Brazil contagion on bond market
US - The signs of bond market contagion from political uncertainty in Brazil developed in emerging bond markets in the second quarter of the year, according to an International Monetary Fund report published Thursday.
Pakistan to introduce new money laundering law
PAKISTAN - Pakistan's military government of General Pervez Musharraf is set to introduce a comprehensive anti money laundering law before next month's elections mark a return to civilian rule, the central bank governor said on Wednesday.
ECB Press Release, 12 Sep
PRESS RELEASE - Monetary policy decisions, 12 September.
ECB Press Conference, 12 Sep
PRESS CONFERENCE - Introductory statement by Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank, Frankfurt, 12 September 2002. At today's meeting Duisenberg said the Governing…
Survey shows Seoul residents favour W100,000 notes
SOUTH KOREA - Eight out of every 10 people in Seoul are in favour of the circulation of banknotes denominated 50,000 won and 100,000 won, according to a survey Wednesday.
Trinidad and Tobago reports slower economic growth
TRINIDAD - The central bank has reported a deceleration in economic growth so far this year, saying in its September report this was due to a contraction in the non-energy sectors.
Thailand central bank's supervisory role to grow
THAILAND - Planned legal changes in financial sector supervision will give the Bank of Thailand increased authority over bank subsidiaries and credit card issuers.
Report claims the euro may cause skin allergy
SWITZERLAND - Euro coins give some people a skin rash and a group of Swiss scientists have just released their research findings as to why this happens.
Exports provide a boost to Japanese economy
JAPAN - The Japanese government on Wednesday confirmed that the country emerged from a year of economic recession in the April-June period by making a slight upward revision to second-quarter gross domestic product figures.
Greenspan says U.S. weathered several blows
US - Federal Reserve Chairman Alan Greenspan told Congress on Thursday that a year after the terrorist attacks, the U.S. economy appears to have done a good job of withstanding a series of severe blows, "although the depressing effects still linger."
Fed's beige book confirms US economy sluggish
US - The Federal Reserve's beige book published Wednesday offered support from the central bank's districts that the economy is in a lacklustre phase of recovery, and may imply no change in interest rates at the Fed's next policy meeting.
Reserve Bank of India Press Release
PRESS RELEASE - Dr. Rakesh Mohan takes over as RBI Deputy Governor, 9 September.
IMF's Kohler says crisis advice is now more humble
US - The managing director of the International Monetary Fund, Horst Kohler, said Tuesday that the IMF had "a lot to learn" about preventing financial crises.
Ministers see tough few months ahead for eurozone
DENMARK - European Union finance ministers ended talks in Copenhagen at the weekend contemplating a fraught few months for the eurozone economy.
Bank of Uganda head rebuffs banking crisis rumour
UGANDA - Bank of Uganda Governor Emmanuel Tumusiime Mutebile has firmly quashed rumours that the banking sector might again be in crisis.
Bomb blast outside Turkey's central bank
TURKEY - An explosion occurred in front of office of the central bank in the Fatih district of Istanbul at about 1140 pm on Tuesday.
Thailand's MPC leave interest rates steady
THAILAND - The Monetary Policy Committee on Tuesday left short-term interest rates unchanged, but said it would lean toward future rate cuts if overseas risks increased.
Russian fin min proposes liberal forex regulations
RUSSIA - In light of lessening capital flight from Russia, the Finance Ministry is prepared to further liberalize forex regulations, Deputy Prime Minister and Finance Minister Aleksey Kudrin said at a press conference on Tuesday.
Venezuelan central bank rejects gov't criticism
VENEZUELA - The Central Bank of Venezuela (BCV) has said that it will continue its monetary policy despite criticism from the government and warned about the negative consequences a confrontation of positions would have on the exchange market.
Presentation of the IMF's Annual Report
PRESS RELEASE - The Riksbank hereby invites you to a press meeting today, at 10:00 a.m., with Graham Hacche, Deputy Director, External Relations Department, International Monetary Fund, IMF. Mr Hacche will present the IMF's Annual Report for 2001/2002,…
Committee aid search for new BIS General Manager
PRESS RELEASE - The Board of Governors of the Bank for International Settlements (BIS) has named a committee to assist in seeking a replacement for departing General Manager Andrew Crockett. Mr Crockett has announced his intention to step down at the end…
BIS starts search for Crockett successor
SWITZERLAND - The Bank for International Settlements has started to look in earnest for a new general manager with a committee of senior central bankers outlining the criteria for a successor to Andrew Crockett, a contender to take over the reins at the…
China, US 15th session of Joint Economic Committee
US - China and the United States said Monday that strong economic performance and reduced vulnerabilities in both the US and China are vital for sustaining the global recovery that is underway.
China's gold firms told prepare for liberalisation
CHINA - China's gold enterprises should gear up to prepare for changes brought by market liberalisation, said delegates attending the RNA China Gold & Precious Metals Conference in Shanghai on Monday.