News
ECB Press Conference - Question and Answer Update
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, Dr. Lucas Papademos, Vice-President of the ECB, Frankfurt, 12 September.
South African Reserve Bank Press Release
PRESS RELEASE - Statement of the Monetary Policy Committee. Issued by Mr T.T. Mboweni, Governor of the South African Reserve Bank, after a meeting of the Monetary Policy Committee in Pretoria, 12 September.
Fiji central bank head concerned at worker loss
FIJI - The head of Fiji's central bank has expressed concern at the increasing number of skilled people leaving the country permanently.
BOJ considers easing credit further
JAPAN - The Bank of Japan is considering easing credit to give the economy a push before companies close their books for the half year ending this month, BOJ sources have said.
Ex-Trinidad central bank head is party candidate
TRINIDAD - Former central bank Governor Winston Dookeran will contest the 7 October general elections on a ticket of the main opposition United National Congress (UNC), amid mounting fears that violence may mar the campaign.
New currency to stabilise inflation in Afghanistan
AFGHANISTAN - The head of Da Afghanistan Bank, the central bank in Afghanistan, Anwar al-Haq Ahadi, announced in an interview that with the distribution of the new banknotes in Afghanistan it can be hoped inflation will be reduced.
Kazakh Nat Bank head rejects resignation rumours
KAZAKHSTAN - The chairman of the National Bank of Kazakhstan, Grigoriy Marchenko, has rejected rumours that he would soon resign.
Yugoslav central bank rejects devaluation talk
YUGOSLAVIA - Yugoslav National Bank governor Mladjan Dinkic on Thursday rejected all speculation about the devaluation of the national currency, the dinar, saying that it "will remain stable over the next 10 years until it is replaced by the euro after…
South Africa raises interest rate
SOUTH AFRICA - The South African Reserve Bank on Thursday made a one percentage point increase in the country's prime interest rates in an effort to force inflation below 6 per cent.
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.