News
Inflation target regime debated in South Africa
SOUTH AFRICA - Economists briefing Parliament's finance committee endorsed the country's inflation targeting regime on Friday, but offered conflicting advice on how to improve it.
Japanese yields climb as bond auction fails
JAPAN - Japanese bonds headed for their biggest losing week in 3 years as a sale of 10-year government benchmark securities failed for the first time to attract sufficient bidders for the debt on offer.
MasterCard follows Visa in RBA court challenge
AUSTRALIA - Like Visa, MasterCard revealed on Friday that it will appeal the Reserve Bank of Australia's proposed changes to the credit card system.
Scotland to be first to print its own euros?
UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.
Greenspan to get honorary knighthood on Thursday
US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.
China revises internal bank rules
CHINA - China's central bank introduced revised rules on the internal controls of commercial banks yesterday, in a further effort to reduce the possibility of financial risks.
ECB's Quaden says Europe's economy struggling
BELGIUM - European Central Bank council member Guy Quaden said the economy is struggling to expand and higher oil prices may curb spending by companies and consumers.
Bank of Canada Press Release
PRESS RELEASE - Governor Credits Sound Economic Framework for Canada's Strong Performance, 18 September.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces Economic Research Fellowship Program, 18 September.
Norges Bank Press Release
PRESS RELEASE - Norges Bank keeps interest rates unchanged, 18 September.
Norges Bank Press Conference
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Excecutive Board of 18 September.
ECB Press Release
PRESS RELEASE - ECB hosts consultation on integration of short-term securities markets, 16 September.
Brazil leaves interest rates unchanged
BRAZIL - Brazil's central bank has said it will leave interest rates unchanged at 18% until after the forthcoming presidential election, following fresh concerns over the country's economy.
Canada's Dodge leans toward rate hike
CANADA - David Dodge, the governor of the Bank of Canada, indicated Thursday that external factors would guide the central bank's short-term monetary policy, but the bank's preference would be to raise interest rates to slow down the domestic economy.
Mid-Atlantic factory output edges up in Sept
US - Manufacturing activity in the U.S. mid-Atlantic region turned positive in September, providing a ray of hope that the summer slowdown in the factory sector was temporary.
Visa plans legal action against RBA
AUSTRALIA - The largest credit card company operating in Australia, Visa International, has launched an unprecedented legal action against the Reserve Bank of Australia to overturn reforms Visa claims will discourage its 10 million card holders from…
Central Bank of Barbados wins netball game
BARBADOS - Central Bank of Barbados (CBB) defeated Customs 17-12 in a low keyed match-up to open the National Sports Council's (NSC) Inter-Governmental netball competition on Tuesday at the Netball Stadium.
No global recession likely - Fed's McDonough
US - New York Federal Reserve President William McDonough said on Thursday the chances of a world recession were extremely low, despite an expected slowdown in growth on the back of higher oil prices.
RBA Press Release
PRESS RELEASE - Reform of credit card schemes in Australia, 19 September.
Irish association calls for central bank reform
IRELAND - The Consumers' Association of Ireland has called for a lessening of the power of the Department of Finance and the Central Bank in how the new financial regulator will work.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting, 4 and 5 September 2002. The MPC voted unanimously in favour of maintaining the repo rate at 4%. The Committee agreed that the world economy was on balance a little weaker than…
Bank of Japan Public Statement
STATEMENT - New Initiative Toward Financial System Stability, 18 September.
Bank of Japan Press Release
PRESS RELEASE - On today's decision at the Monetary Policy Meeting, 18 September.
BoJ plans radical share buying idea to aid banks
JAPAN - In an unprecedented move, the Bank of Japan on Wednesday said it planned to buy shares from banks directly in an effort to prop up the faltering stock market.