News
ECB's Issing is concerned by strong euro
The European Central Bank's chief economist Otmar Issing said on Friday 16 January that he was "concerned" about the impact of the strong euro.
Bank of Italy criticised on Parmalat case
Italian economy minister Giulio Tremonti said on Thursday 15 January that the Bank of Italy had failed to respond to signals that something was wrong at Parmalat, now involved in one of Europe's biggest financial scandals.
Poland to name new monetary council members
Membership of the Polish central bank's Monetary Policy Council is up for renewal in January and February with suggestions that the ruling coalition is attempting to stack the Council in its favour.
Gerashchenko enters Russian presidential race
Nine candidates, including former Central Bank chief Viktor Gerashchenko, have met a year-end deadline to register to run against President Vladimir Putin in Russia's March presidential election.
Court rejects plea to prosecute BSP chief
The Supreme Court in the Philippines has denied "with finality" a petition to prosecute central bank governor Rafael Buenaventura and several central bank officials for the closure of medium-sized Urban Bank in 2000.
Bank of Israel's Klein to petition on salaries
Governor David Klein of the Bank of Israel has announced he intends to petition the High Court against a decision to intervene in salary terms and other benefits awarded to employees of the bank.
Norges Bank executive director gets IMF move
Norges Bank Executive Director Jon Solheim is to take office as executive director for the Nordic-Baltic countries at the IMF in Washington.
Billie Jean, or is it Mervyn King?
The surname King will forever be remembered by tennis fans - but Bank of England governor Mervyn King is also a player we hear, as well as a darts fan.
Medina favorite for Bank of Israel post
Still with the Bank of Israel, it was reported that the chances of Victor Medina becoming central bank governor in January 2005 have increased after Prime Minister Ariel Sharon dropped his objections.
Zeti wins top honours as central banker
Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz is The Banker's choice as the central bank governor for 2004.
New York Fed names five vice presidents
The Federal Reserve Bank of New York has announced that its board of directors has approved the promotion of five vice presidents.
Venezuela's central bank defies Chavez
Venezuela's central bank is examining ways in which it can deflect controversial demands from president Hugo Chavez to hand over $1bn of its foreign reserves for what could be a public spending spree.
Israel's Klein: Monetary policy achieved goals
Speaking at a seminar on financial cooperation among the Mediterranean nations on Thursday 15 January, Bank of Israel governor David Klein defended the Israeli central bank's monetary policy in recent years, saying it had achieved its goals.
Saddam notes cease to be legal tender
Bank notes printed with the face of Saddam Hussein have ceased to be legal tender in Iraq, removing another memory of the former dictator.
Fed's Olson expects solid growth from US economy
Federal Reserve Board Governor Mark Olson said on Tuesday 13 January that first-quarter U.S. growth looked set to match the expected solid pace at the end of last year, but there was still no sign of inflation.
Fed's Bernanke: Monetary policy can be 'patient'
Ben Bernanke reiterated on Wednesday 14 January that, with interest rates at 45-year lows, monetary policy could remain "patient" particularly in the absence of inflationary pressures in the US.
Committee reports continued progress on Basel II
The Basel Committee on Banking Supervision reported on Thursday 15 January that it continues to make progress following the agenda established in Madrid last October.
Indonesian police to question Sabirin
Police in Indonesia plan to question former central bank governor Syahril Sabirin next week in connection with a corruption case.
Tunisia's Daouas 'called to other functions'
The governor of Tunisia's central bank, Mohamed Daouas, was dismissed on Wednesday 14 January, the official news agency reported.
Changes to the Eurosystem's operational framework
A series of changes to the Eurosystem's operational framework for monetary policy will be implemented in the first quarter of 2004.
ECB raises refinancing operations allotment amount
The ECB's Governing Council has decided to increase the allotment amount for each of the longer-term refinancing operations to be conducted in the year 2004 from EUR 15 billion to EUR 25 billion.
Indonesia to get anti money-laundering committee
The Indonesian government has set up a national committee to coordinate strategy in combating money laundering following the passage of the new Money Laundering Law last year.
Zimbabwe c bank ends 1st for ex auction
Zimbabwe's central bank has completed its first auctions of foreign currency in a new drive to clean up the financial sector and bring the black market to an end.
BOJ bought Y1.9100 trn shares from banks to 10 Jan
The Bank of Japan said on Wednesday it had bought a total of 1.9100 trillion yen ($17.98 billion) of shares held by Japanese banks by January 10 under its programme aimed at reducing the banks' exposure to stock market volatility.