News
New President to Ecuador Central Bank
ECUADOR - The Central Bank of Ecuador has appointed Mauricio Yepez as president, responsible for monitoring the country's economy and monetary reserves.
Banks voice opinion they will ride out the turmoil
UNITED STATES - Banks were quietly confident yesterday that they could survive the financial market implications of Tuesday's attacks.
ECB stresses resilience of US system
EUROPE - The European Central Bank sought yesterday to bolster confidence in world financial markets by saying that Tuesday's terrorist attacks on the US would not damage the US economic system.
ECB Press Release
PRESS RELEASE - ECB expresses its grief and holds interest rates steady for now.
IMF Statement on US tragic events
IMF Statement on Tragic Events in the United States, 12 September
World Bank Extends Sympathy to United States
WASHINGTON, September 12, - The following is a statement issued today by World Bank President James D. Wolfensohn.
OECD Statement on US attacks
Statement issued yesterday by Donald J. Johnston, Secretary General of the OECD, in the wake of the attacks in the U.S.
Bleak outlook persists for Japan
Japan - Japanese exporters continue to suffer as the global economy slows.
Eurozone growth slows to a crawl
EUROPE - Growth in the eurozone has slowed to a crawl, with the likelihood of a sustained slowdown heightened by this week's terrorist attacks on the US, gurus have warned.
IMF meeting 'to be called off'
WASHINGTON - The annual meetings of the International Monetary Fund and World Bank scheduled for the end of this month are almost certain to be postponed, the German finance ministry has said.
Has economic crisis been avoided?
FEATURE - If the reaction of markets so far is anything to go by, the world has avoided the worst case scenario of a global economic meltdown after the terrorist attacks on the US.
NZ reserve bank names monetary policy advisors
NEW ZEALAND - The Researve Bank of New Zealand has announced two new hires.
Ukrainian cb threat to fine banks for risky trade
UKRAINE - Ukrainian central bank threatens to fine banks for risky transactions.
Yugoslavia outlines plans for euro swapover
YUGOSLAVIA - Yugoslavia's central bank said on 13 September it had ordered a euro equivalent of 540 million German marks from the Bundesbank in a first step to reshaping its forex reserves ahead of the launch of euro notes and coins.
Dlr swap seen as more than a confidence measure
UK - In another move to ensure market liquidity, central banks Thursday 13 September established swap facilities to alleviate the tight dollar market in Europe - a move welcomed by the financial industry.
Euro sceptic wins UK Conservative vote
UK - Iain Duncan Smith has been elected leader of the Conservative Party. He has beaten off the challenge of former cabinet minister Ken Clarke after a fiercely fought and at times bitterly divisive three month battle.
Terrorist attack - Bank of Japan statement
PRESS RELEASE - Statement by the governor
Terrorist attack - Bank of England statement
NEWS RELEASE - Statement
Terrorist attack - Res Bank of Australia statement
NEWS RELEASE - Statement
Terrorist attack - Fed Bank of Chicago statement
NEWS RELEASE - Statement
Anti-crisis campaign gathers pace
UNITED STATES - Governments, central banks and economic authorities around the world have pledged to seek ways to help stabilise the global financial system in the wake of the US attacks.
IMF and World Bank to review meetings
UNITED STATES - The International Monetary Fund and the World Bank are reviewing plans for their annual meetings, due to take place in the US later this month.
Attacks lift oil and gold prices
GOLD - Crude oil and gold bullion prices have lost some of the sharp gains seen immediately after the devastating terrorist attacks in the US.
McDonough:NY Fed - Every Effort At Normal Business
US - Federal Reserve Bank of New York President William McDonough said Tuesday that the central bank will do everything possible to conduct normal business in the wake of the terrorist attacks in Manhattan.