News
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.
Outlook for US economy positive - Chicago Fed
US - The U.S. economy is in the midst of a modest rebound from recession, and capital spending, a key driver of growth, is likely to recover in the third or fourth quarter of 2002, said Curt Hunter, the head of research for the Chicago Federal Reserve on…
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.
Poll says most Germans want rid of euro
GERMANY - A UK newspaper reports that the party is over for the euro in Germany. A majority of the country which more than any other embraced the concept and birth of the single currency now longs for the return of the Deutschmark it is claimed.
ECB warns about deficits, inflation
BELGIUM - The president of the European Central Bank, Wim Duisenberg, urged euro-zone government to stand by promises to balance their budgets by the end of 2004, here on Tuesday.
Business gets good news from Russian EBRD meeting
ROMANIA - European business leaders, attending a forum here alongside a meeting of the European Bank for Reconstruction and Development, got assurances from Russia Monday that the country was about to stage a comeback on international capital markets.
HKMA Press Release
PRESS RELEASE - Fifth Hong Kong Monetary Authority distinguished lecture, 21 May.