Monetary Policy
Europe's bank confident of quick recovery
EUROPE - The European Central Bank expressed confidence yesterday that the eurozone would recover quickly from an economic slowdown made worse by last week's terrorist attacks in the US.
More gloom for Japan as BoJ downgrades economy
JAPAN - Confidence in Japan's precarious economy was further undermined on Thursday 20 September as the Bank of Japan lowered its assessment of the economy for the fourth time in as many months and official figures showed a 47.2 per cent slide in the…
Very hard to tell when Japan CPI to exceed zero
JAPAN - Bank of Japan Governor Masaru Hayami said today, 21 September, it is very difficult to tell at this time when Japan's consumer price index will begin increasing.
German business confidence falls
GERMANY - German business confidence has fallen again, reflecting uncertainty over the effects of the terror attacks in the US, a key report has said.
Nigeria's central bank raises rates
NIGERIA - The Central Bank of Nigeria has raised the interest rate at which it lends to commercial banks by 2%, bucking the trend of globally coordinated rate cuts in the wake of the attacks on the US.
International Monetary Fund - Annual Report 2001
ANNUAL REPORT - The International Monetary Fund (IMF) has published its Annual Report 2001. The report was published on 19 September and is for the financial year ended 30 April 2001.
Fears grow for US economy
UNITED STATES - Fears for the US economy are growing, after the country's central bank revealed that there had been no signs whatsoever of an upturn before the terrorist attacks in New York and Washington.
The Federal Reserve Beige Book
REPORT - The Federal Reserve published on 19 September its regular Summary of Commentary on Current Economic Conditions by Federal Reserve District known as the Beige Book.
Speech by Antonio Fazio of the Bank of Italy
SPEECH - Speech by Antonio Fazio Governor of the Bank of Italy to the Conference on "Work as Key to the Social Question" Vatican City, 14 September.
Speech by Birgir sleifur Gunnarsson
SPEECH - Birgir sleifur Gunnarsson, Governor and Chairman of the Board of Governors of the Central Bank of Iceland, spoke at a meeting in the Icelandic Chamber of Commerce, 29 August.
Japan on its own in supporting the dollar
JAPAN - When Haruhiko Kuroda, Japan's top financial diplomat, was despatched yesterday to the US and Europe, most analysts assumed he would try to drum up support for Japan's efforts to prop up the dollar.
IMF's Kohler sees hope for economic recovery
US - The US economy is expected to show signs of recovery by the end of the year in spite of last week's terrorist attacks and the sharp decline in the airline industry, the International Monetary Fund said yesterday, 19 September.
Speech by Antonio Fazio of the Bank of Italy
SPEECH - Opening address by Antonio Fazio Governor of the Bank of Italy at the Monitoring the Euro Area Business Cycle International Conference, Rome, 7 September.
IMF promises more efforts on crisis prevention
IMF ANNUAL REPORT 2001 - International Monetary Fund Managing Director Horst Koehler yesterday, Wednesday, reiterated that the international lender will focus more in the coming months and years on preventing economic crises.
IMF new lending rises slightly
IMF ANNUAL REPORT 2001 - Lending by the International Monetary Fund in its financial year 2001 to last April increased slightly, reflecting additional loans to Argentina and Turkey to assist their economic reform.
Embracing change, IMF looks for shareholder reform
IMF ANNUAL REPORT 2001 - The International Monetary Fund yesterday, 20 September, issued its annual report for 2001, highlighting its progress in implementing reforms and urging its members - particularly the advanced economies - to do the same.
What Monetary Policy Can and Cannot Do
SPEECH - Remarks before the National Association of Business Economists, New York, NY 10 September by Anthony Santomero President of the Federal Reserve Bank of Philadelphia.
Bank had considered UK rate rise
UK - The Bank of England had been considering raising interest rates this month, minutes of a key meeting have revealed.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - William Poole President, Federal Reserve Bank of St. Louis. Prepared for Panel on Promoting Economic Growth: What Monetary Policy Can And Cannot Do. National Association For Business Economics 43rd Annual Meeting, New York, New York, 10…
NZ's Reserve Bank cuts cash rate by 0.5%
NEW ZEALAND - The Reserve Bank of New Zealand Wednesday 19 September cut its official cash rate by 50 basis points, to 5.25%, from 5.75%.
Statement from the Reserve Bank of New Zealand
NEWS RELEASE - RBNZ cuts OCR to 5.25 per cent.
Minutes of the Monetary Policy Committee meeting
NEWS RELEASE - The Bank of England has published the minutes from its Monetary Policy Committee (MPC) meeting held on 5 and 6 September.
HKMA says no evidence of Bin Laden deposits in bks
HONG KONG - Hong Kong's quasi-central bank said Wednesday 19 September it has no evidence that Osama bin Laden, the prime suspect in last week's U.S. terrorist attacks, and his associates are keeping cash in the city's banks.
Welteke: No need to be too pessimistic on economy
GERMANY - Deutsche Bundesbank President Ernst Welteke said today, Wednesday 19 September, cautioned against being overly pessimistic about German economic growth prospects in the wake of last week's terrorist attacks on the U.S.