Monetary Policy
Report - Central banks did not act together
US - Unlike the co-ordinated monetary policy moves that were the hallmark of international economic co-operation of the 1980s, the spate of interest rate cuts that rippled around the world on Monday and Tuesday was not a pre-arranged exercise by G7…
US and ECB slash rates 0.5% to stabilise markets
INTEREST RATES - Monday 17 September saw both the ECB and US Federal Reserve cut interest rates by 0.5 percent. The Us move failed to stop substantial falls on the US stock market.
Surprise rise in UK inflation rate to 2.6%
UK - UK inflation has risen much more sharply than expected in August.
Speech by Ian Macfarlane of the RBA, 18 Sep
SPEECH - Speech by Ian Macfarlane, Governor of the Reserve Bank of Australia. Giblin Lecture, University of Tasmania / Economic Society of Australia (Tasmanian Branch) - Hobart - 18 September.
Bank of England cuts interest rates 0.25%
UK - The Bank of England Tuesday 18 September said it has cut its repo rate to 4.75% from 5.0% at a special monetary policy committee meeting held Tuesday morning.
Bank of England News Release
NEWS RELEASE - Meeting of Monetary Policy Committee, 18 September
Bank of Japan - News release
NEWS RELEASE - Change in the Guideline for Money Market Operations and Reduction in the Official Discount Rate.
ECB Press release - Interest rate decision
NEWS RELEASE - Monetary policy decisions, 17 September.
Federal Reserve press release
NEWS RELEASE - Federal Open Market Committee.
Australia RBA says keeps regular policy timetable
AUSTRALIA - The head of Australia's central bank said today, Tuesday 18 September, he had not seen anything in the past week that was urgent enough to warrant a rate cut between regular board meetings. The next board meeting is on October 2.
IMF loan to secure Brazil
BRAZIL - The International Monetary Fund has approved a $15.6bn stand-by loan for Brazil in the aftermath of Tuesday's attacks on the US.
Central banks act to soften the economic blow
US - The world's central banks and financial regulators have been in constant contact over the weekend to discuss emergency measures to prevent last week's human catastrophe turning into a financial and economic disaster.
Speech by William Poole, St. Louis Fed
SPEECH - William Poole, President of the Federal Reserve Bank of St. Louis gave a speech at Bradley University, Peoria, Illinois on 5 September.
Fed cuts rates but Wall Street plunges
US - Giving a sharp jolt to financial markets, the Federal Reserve cut US interest rates just one hour before the re-opening of Wall Street. (Later shares on Wall Street fell dramatically as the American markets opened after its near week long absence.)
Market fears ahead of US opening
US - Nervousness over the resumption of trading on US stock markets later on Monday has prompted further slides in global share prices.
The Economic Transition in Armenia
SPEECH - Speech given at the American University of Armenia by John Odling-Smee Director, European II Department, International Monetary Fund, Yerevan, 31 July.
Euro 2002 Information Campaign the EURO. OUR money
SPEECH - Speech delivered by Dr. Willem F. Duisenberg, President of the European Central Bank at the conference hosted by Suomen Pankki (Bank of Finland) on 17 September 2001 in Helsinkiat the Marina Congress Centre.
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.
BoE/ Fed Rate Cut Suggests no coordinated effort
UK - The Bank of England said Monday 17 September that it does not comment on monetary policy decisions carried out by other central banks.
Takenaka: Can't prejudge what will say at BOJ meet
JAPAN - Japan Economy Minister Heizo Takenaka said Monday 17 September that he will keep an open mind as to what he will say at the Bank of Japan's two-day policy meeting, which starts tomorrow.
US markets to re-open on Monday
UNITED STATES - Share trading on Wall Street will now restart at 0930 New York time on Monday, the heads of the major exchanges have announced.
O'Neill sees recovery ahead
UNITED STATES - Financial centres are preparing to rescue the global economy.
Central banks boost anti-crisis moves
WORLD - Central banks around the world have stepped up their efforts to minimise the economic and financial-market fallout from the US attacks.
Argentina opens currency squabble
ARGENTINA - Argentine Economy Minister, Domingo Cavallo, has heightened economic tension in Latin America by accusing Brazilians of exacerbating the decline in the real.