News
ECB Welteke: conditions for growth in place
GERMANY - European Central Bank council member and Bundesbank President Ernst Welteke said that monetary policy has cleared the way for investment and economic growth in an interview published on Wednesday.
BOJ's Hayami - yen's fall too steep
JAPAN - The yen's recent fall has been too steep for his liking but an exchange rate of 130 to the dollar would benefit Japanese exporters, Bank of Japan governor Masaru Hayami said in a newspaper interview.
Trichet says ECB leadership succession not an issu
FRANCE - Bank of France Governor Jean-Claude Trichet, also a member of the governing council of the European Central Bank, said on Wednesday the leadership succession of the ECB was not an issue.
China to use IMF's GDDS
The official Xinhua news agency announced Monday that China plans to use the International Monetary Fund's General Data Dissemination System to improve the quality of its statistics.
Duisenberg to stay: "I like what I'm doing"
GERMANY - Wim Duisenberg said on Monday that he would not quit his job as President of the ECB for at least another year.
BOJ to provide special loans for failed bank
The Bank of Japan (BOJ) said on Friday that it had decided to provide special non-collateralised loans to failed second-tier regional bank Ishikawa Bank Ltd to ensure it will not run into liquidity problems.
Argentine president asks IMF for 'patience'
Argentine president Rodriguez Saa asked the IMF for 'patience' in dealing with the country's default as the central bank takes steps to alleviate debt repayment problems within the country. However, Argentine citizens seem to be expecting devaluation.
Confusion over 'argentino'
Uncertainty surrounds Argentina's new currency dubbed the 'argentino' and claims for its role in an 'orderly exit' from the peso-dollar peg.
Argentina: largest default in history
ARGENTINA - On Sunday Argentina announced the largest sovereign debt default in history, declaring it would stop paying its $155bn public debt. The new government headed by president, Adolfo Rodriguez Saa, said the country would resist pressure to…
Singing the euro's praises
EURO - The achievement of introducing the euro received praise from the IMF and tinges of regret have been observed in countries choosing not to be part of it. In the eurozone itself measures were being taken to combat over-eagerness for the new currency.
Polish PM challenges central bank
POLAND - Polish prime minister Leszek Miller said today that legislative measures to force change at the central bank were still a possibility if the central bank did not listen to the views of parliament.
New Bank of England banknote
NEWS RELEASE - New £5 Banknote Design, 18 December 2001.
IMF 'blamed' for Argentine crisis
ARGENTINA - The IMF was "instrumental" in engineering Argentina's financial collapse because of irresponsible lending which "exacerbated" its foreign debt problem, foreign creditors have claimed.
Eddie George doubtful on euro
UK - Sir Edward George, the governor of the Bank of England, has pitched into the ongoing debate about potential British entry into the euro, saying that a single economic policy across Europe was a "disadvantage".
EU probes Lloyd's regulation
UK - The European Commission (EC) has begun legal action against the UK government by asking for more information about its regulation of the Lloyd's of London insurance market.
Argentina's peso predicament
ARGENTINA - Argentina's new leaders face a list of problems as long as your arm. But right at the top is devising a solution for the country's blighted currency, the peso.
Fears that euro ATMs will run dry
UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.
ECB to re-shuffle board member responsibilities
GERMANY - The European Central Bank said on Friday it had changed some of the responsibilities among its six member Executive Board with effect from 1 January, 2002.
Bank of England MPC Minutes
MINUTES - Minutes of the Bank of England Monetary Policy Committee Meeting - 4 & 5 December 2001.
Cavallo resigns post as Argentine Economy minister
ARGENTINA - Television in Argentina broke the news that Economy Minister Domingo Cavallo resigned Thursday following several days of nationwide food riots and popular protests against the government's economic austerity policies.
UK economy set to outperform
UK - The UK economy grew faster than previously thought during the year to September 2001, according to new official figures.
CentralBankNet report picked up by national press
CENTRALBANKNET EXCLUSIVE REPORT - On Thursday morning CentralBankNet.com's exclusive report, released on CBNet Wednesday night, was picked up by the national press and the story was carried in Thursday's London edition of the Financial Times (page 14).
Euro notes seek forgery protection
EUROPE - Two of Europe's biggest chip developers may be working with the European Central Bank (ECB) to include tiny radio transceivers in high-value euro banknotes.
5m euros are stolen in three months
EUROPE - Armed gangs and other criminals have stolen Euros 5m ( £3.1m) in the three months since minting and printing of euro notes and coins began, and the situation is set to worsen, European police have warned.