Monetary Policy

ECB Duisenberg: Comment on the Fed rate cut

FINLAND - European Central Bank President Wim Duisenberg said Monday 17 September that he had been informed of the U.S. Federal Reserve decision to cut interest rates by 50 basis points, but declined to comment on the ECB's own plans.

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.

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.

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.

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.

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.

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