Central Banking
Bank of England News Release
NEWS RELEASE - Official News Release from the Bank of England on interest rate decision, 4 October.
RBNZ directors - Breach of inflation target was OK
NEW ZEALAND - The Reserve Bank of New Zealand's breach of its official inflation target through much of the year ending 30 June, isn't a matter for concern, the central bank's non-executive directors said in its annual report issued Thursday 4 October.
Return of the gold bugs
ARTICLE - The price of gold could go to $340 an ounce within the next three months - and continue to soar after that.
Speech by Dr Y.V. Reddy of Reserve Bank of India
SPEECH - Inaugural Address by Dr.Y.V.Reddy, Deputy Governor, Reserve Bank of India, at Seminar on The Future of Government Securities Market in India organized by Primary Dealers Association of India, at Bangalore on 22 September.
Banks fail on internet targets
UK - Banks have failed to meet targets for cost savings from internet banking and almost half believe the business case for setting up web services may not be viable.
Brussels seek breakthrough on financial regulation
BELGIUM - The European Commission will try to break a deadlock today in negotiations on the introduction of tough measures against money laundering, which have so far been resisted by the European parliament.
Hayami: Financial systems more stable than 1998
JAPAN - Bank of Japan Governor Masaru Hayami said Thursday 4 October that Japan's financial system is much more stable than it was in 1998, when the nation came to the brink of a full-blown financial crisis.
Shiokawa: Want BOJ to keep at least Y8T reserves
JAPAN - Japanese Finance Minister Masajuro Shiokawa said Wednesday that he won't propose the Group of Seven monetary authorities take joint action against the weak dollar at their meeting in Washington Saturday.
Japanese snap up foreign bonds despite attacks
JAPAN - Japanese investors have been buying a massive amount of foreign bonds in recent weeks, making a mockery of the view they were busily repatriating funds ahead of half-year bookclosings, data showed on Thursday 4 October.
Banks need no RBI nod for online debit cards
INDIA - Banks will not be required to seek the approval from the Reserve Bank of India (RBI) for introducing online debit cards, where straight-through-processing is done.
Pakistan buying dollars to bolster reserves
PAKISTAN - Taking advantage of the sharp drop in the U.S. dollar against the rupee, Pakistan's central bank has been buying the U.S. unit from the interbank market to bolster its foreign exchange reserves, a source said on Wednesday.
Russia c bank to sell $50M to non-residents today
RUSSIA - Today, 4 October, the Russian Central Bank will conduct an auction for non-residents with S-accounts in Russia.
Speech by Romano Prodi EC President on the euro
SPEECH - Speech by Romano Prodi President of the European Commission "Ninety-nine days to go" Conference on Payments in Euro in the Internal Market, Brussels, 24 September.
2.5% - US Interest rates at lowest since 1962
US - The US central bank, the Federal Reserve, has cut interest rate for the ninth time this year, by half a percentage point to 2.5%.
Federal Reserve - Press Release
PRESS RELEASE - Federal Open Market Committee decision on interest rates, 2 October.
Speech by Tommaso Padoa-Schioppa of the ECB
SPEECH - Keynote address of Mr. Tommaso Padoa-Schioppa, Member of the Executive Board of the European Central Bank, at the EU Commission conference, Payments in euro in the Internal Market, Brussels, 24 September.
Speech by Prof. Eugenio Domingo Solans of the ECB
SPEECH - Speech by Prof. Eugenio Domingo Solans, Member of the Governing Council and the Executive Board of the European Central Bank. Delivered at the Euro 2002 Information Campaign conference, hosted by Banca d'Italia. Rome, 18 September.
Reserve Bank of Australia - Press Release
PRESS RELEASE - Monetary policy decision, 3 October.
Australia slashes rates to a 29-year low of 4.5%
AUSTRALIA - Australia's central bank cut official interest rates on Wednesday 3 October by a quarter of a percentage point to a 29-year low of 4.5 percent in a bid to bolster the economy in an international downturn.
Japan moves to step up bank client checks
JAPAN - Japanese financial authorities are set to propose legislation that will force banks to strengthen background checks on customers in the wake of the 11 September terrorist attacks on the US.
More to economic forecasts than meets the eye
ARTICLE - A letter published in the London edition of the Financial Times Wednesday 2 October argues against an editorial - The value of IMF forecasts - the FT published the previous week.
PM Blair gives strong endorsement of euro entry
UK - British Prime Minister Tony Blair Tuesday gave his strongest endorsement yet of British membership in the European single currency.
Analysis: The Fed's next move
US - The latest round of cuts by the Federal Reserve leaves many wondering what else the nation's central bank can do to revive the listless US economy.
Moves to curb cash laundering at bureaux de change
UK - Britain is the last European Union country not to regulate bureaux de change, which UK ministers believe act as a conduit for dirty money.