News/Monetary Policy
ECB Press Release - Monetary policy decisions
ECB PRESS RELEASE - At today's meeting the Governing Council of the ECB decided that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 3.75%,…
Euro zone rates kept on hold
EUROPE - The European Central Bank (ECB) has kept eurozone interest rates on hold.
IMF News Brief - Loan to Pakistan
NEWS BRIEF - IMF completes last review under Pakistan's stand-by arrangement, approves US$135 million disbursement.
IMF's Koehler to visit Russia 9-12 Oct, Official
RUSSIA - International Monetary Fund Managing Director Horst Koehler will visit Russia 9-12 October and an IMF mission will spend a week in Russia starting 10 October, a Russian official said Thursday 27 September.
Bank of Spain maintains confidence in the economy
SPAIN - Director of the Bank of Spain's research department, Jose Luis Malo de Molina said on 25 September that the US economy was sufficiently strong to resist the effect of the attacks and that any downturn would only be temporary.
Bank of Japan pumps more money into system
JAPAN - The Japanese central bank, aiming to shore up confidence in the nation's financial markets ahead of a key accounting deadline this week, continues to pump vast amounts of cash into the economy.
IMF may produce interim WEO on impact of US attack
REPORT - Ken Rogoff, chief economist of the IMF said today that his Research Department may well produce an interim World Economic Outlook report to consider some of the quantitative implications of the terrorist attacks in New York.
IMF warns on global economy
IMF REPORT - The International Monetary Fund has forecast a sharper slowdown in the world economy, following the terrorist attacks in the United States.
Europe faces economic slowdown
The International Monetary Fund (IMF) has warned that Europe will find it difficult to avoid a sharp economic slowdown, as it is hit by the tech sector collapse, weak consumer demand and the aftermath of the terrorist attacks in the USA.
Japan's slowdown to hit Asia
The International Monetary Fund (IMF) forecast a sombre short-term outlook for the Japanese economy, with significant implications for the rest of East Asia.
US economy in freefall
The US economy, which makes up one quarter of world economic output, is slowing sharply, and bringing down growth throughout the rest of the world.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
Watchdog rules credit card retail fees excessive
Fees paid by retailers to credit card companies are "excessive" and anti-competitive, the competition watchdog said in a provisional ruling yesterday.
The 'Zimbabwe effect' takes toll on currency
The 'Zimbabwe effect' takes toll on currency - Central bank governor Linah Mohohlo says Botswana's profile has been rocked thanks to its proximity to political turmoil.
Bank of Japan - Monetary policy meeting minutes
REPORT - Minutes of the Monetary Policy Meeting of the Bank of Japan held on 13 and 14 August.
Bank of Japan board voted 8-1 to ease policy
JAPAN - The Bank of Japan (BOJ) on Tuesday released the minutes of its monetary policy meeting held on August 13-14.
Britain marginalised by failure to join euro
UK - The global economic response to the terrorist attacks in the US showed Britain has been marginalised by its failure to join the euro, the UK Liberal Democrats political party said on Monday 24 September.
IMF shrugs off recession fears
US - The IMF has said it does not expect the global economy to fall into recession as a result of the impact of the terrorist attacks on the United States.
Concerns over euro increasing, says poll
EUROPE - Readiness for the advent of euro notes and coins is increasing across the eurozone, but so are concerns about the new currency, according to a survey published by the European Commission yesterday Monday 24 September.
Plenderleith - UK able to weather econ uncertainty
UK - The U.K. is well placed to weather the current world economic slowdown because of its low inflation and the underlying competitive advantages of major economies, Bank of England executive director Ian Plenderleith said Thursday 20 September in a…
Afghanistan currency strengthens
AFGHANISTAN - Money changers in Kabul have reported that the national currency of Afghanistan has strengthened, after losing 10% of its value in the initial aftermath of the attacks on America.
Fed's Poole - Long-run prospects remain bright
US - The prospects for the U.S. economy remain bright despite last week's terrorist attacks, according the president of the Federal Reserve Bank of St. Louis.
Blair warned to make decision about euro entry
UK - Tony Blair has been warned by a close ally that he must stop "dithering" about Britain's place in Europe, and make the political case for joining the euro.
UK growth predicted 'to fall sharply'
UK - A leading think tank has forecast a sharp slowdown in the UK economy next year as a result of the suicide attacks on Washington and New York.