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New Zealand c.bank postpones statistics releases while investigating cyber hack
By Praveen MenonWELLINGTON, - New Zealand's central bank said on Friday that it will postpone publication of most of its statistical data releases for a number of weeks while it investigates a cyber attack that led to a serious breach of its data systems.The breach was announced earlier this month and the Reserve Bank of New Zealand (RBNZ) said a file sharing service provided by California-based Accellion was illegally accessed.Statistics on bank customer lending, credit card balances and spending, new mortgage commitments, bank liquidity, non-bank lending institutions, and retail interest rates would be delayed, the bank said."RBNZ will be postponing publication of most statistical releases. We will provide an updated release calendar when we can, but we expect delays of 3-4 weeks to most publications," RBNZ said in an email.The bank said delays to publication were necessary because the hacked file transfer software application, Accellion FTA, was used for transferring data from … [Read more...] about New Zealand c.bank postpones statistics releases while investigating cyber hack
European Central Bank faces gloomier picture for economy
The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the pipeline, President Christine Lagarde is expected to underline Thursday that the bank has the means keep credit affordable and support the hoped-for recovery.Spiking virus totals have led Germany, the eurozone's biggest economy, to extend restrictions on many businesses involving contact with the public until Feb. 14, while Portugal hit a record for new COVID-19 infections and France imposed a 6 p.m. curfew. Vaccination rollouts have been slower than many would like.That is darkening the already gloomy outlook for the first few weeks of 2021, after Europe ended 2020 with fanfare over the start of vaccinations. The winter surge suggests that the first quarter could see economic output fall again after an expected contraction in the fourth quarter of 2020.Official figures for 2020 are expected Feb. 2. The EU's … [Read more...] about European Central Bank faces gloomier picture for economy