Central Banks

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.

IMF sees no global recession in 2001 or 2002

US - International Monetary Fund First Deputy Managing Director Anne Krueger said Monday 24 September she does not see a global recession in either 2001 or 2002 despite increased economic uncertainty following the 11 September attacks on the United…

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…

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.

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.

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