News
BoJ may intervene again as yen continues to rise
JAPAN - The yen drifted higher in Asian trading Thursday, one day after the Bank of Japan intervened in the currency markets to stem the yen's surge. The central bank warns that it may step into the markets again to keep the yen from gaining too much…
S Korea economy strong but no rate rise says BoK
SOUTH KOREA - South Korea's economy roared ahead in the first quarter on soaring consumer demand, helping send its currency to 15-month highs, but Bank of Korea governor Park Seung ruled out any immediate policy moves to cool one of Asia's hottest…
Malaysia's cb governor says growth will continue
MALAYSIA - After two consecutive quarters of negative growth, the Malaysian economy turned around to record a healthy 1.1% growth in the first quarter of this year. Growth was driven by the strong consumption and improved external demand, said Bank…
Weak kwacha forces Zambian cb to trade in dollars
ZAMBIA - Zambians have begun trading in US dollars because of the instability of the kwacha, the local currency that has recently plunged against major currencies, the new central bank governor Caleb Fundanga said on Wednesday.
Press Release from Sweden's central bank
PRESS RELEASE - Governor Urban Backstrom resigns at year-end, 21 May.
Press Release from Sweden's central bank
PRESS RELEASE - Sven Hulterstrom comments on Urban Backstrom's decision, 21 May.
ECB Press Release
PRESS RELEASE - ECB Convergence Report 2002, released 22 May.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 8 and 9 May, released 22 May.
Dutch bank warns budget controls needed
NETHERLANDS - The next Dutch government will have to impose budget curbs to keep state finances in surplus, the central bank warned on Wednesday.
Latent recovery fails to move Bank of Japan
JAPAN - The Bank of Japan announced a decision to leave monetary policy unchanged after a two-day Policy Board meeting which ended on Tuesday.
Swedish central bank governor resigns
SWEDEN - Sweden's central bank governor said Tuesday he will resign at the end of the year, two years before his term expires, as the Scandinavian country considers adopting Europe's common currency.
Argentina taking steps for IMF accord - President
ARGENTINA - An accord between the Argentine government and its provinces will be signed within the next 10 days paving the way for an agreement with the International Monetary Fund, Argentine President Eduardo Duhalde said in an interview published on…
Egypt's banks forced to achieve world standards
EGYPT - Governor of the Central Bank of Egypt (CBE) Mahmoud Abul Oyoun announced yesterday that the government is studying new measures to encourage bank mergers to keep pace with world changes in this regard.
German economy grows slightly
GERMANY - Germany's economy grew slightly in the first quarter of 2002, pulling the country out of a mild recession, the country's central bank said Tuesday.
Bank of England hints at future rate rise
UK - May's decision by the Bank of England's Monetary Policy Committee (MPC) to leave interest rates unchanged at 4% was unanimous for the third month in a row, the latest minutes of the MPC's meeting have shown.
IMF mail 'positive for anthrax'
US - The International Monetary Fund (IMF) has said mail it received in Washington has tested positive for the anthrax bacteria. This comes less than a month after we reported an anthrax scare at the Federal Reserve.
Fed's Olson: Banking industry is sound
US - Federal Reserve governor Mark Olson on Tuesday said the U.S. banking system is sound, but cautioned that weaknesses could come to light now that the economy has pulled out of recession, the first in a decade.
Sweden 'not ready' for euro - Report
SWEDEN - Sweden is not yet ready to join the euro because its currency is too unstable and the central bank not independent enough from the government, the European Commission has said.
Gold price rises on war fears
INDIA - Fears of a military conflict between India and Pakistan pushed the price of gold to a 27-month high in trading on Wednesday.
IMF Press Release
PRESS RELEASE - IMF Managing Director meets Argentine Economy Minister, Board extends repayment of SRF, 21 May.
Bank of Japan Monetary Policy Meeting
PRESS RELEASE - At the Monetary Policy Meeting held today, 21 May, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period:
European Parliament Press Release
PRESS RELEASE - ECB President warns States to stick to Stability Pact, 21 May.
Bank of England News Release
NEWS RELEASE - New Design £5 Banknotes, 21 May.
Bank of England unveils new note
UK - The Bank of England has unveiled an improved, criminal-proof £5 note featuring a portrait of Elizabeth Fry, the 19th century social reformer.