Central Banking staff
Follow Central Banking
Articles by Central Banking staff
BOC governor Dodge wins guarded approval
ARTICLE - After six months on the job, Bank of Canada Governor David Dodge has secured solid, if somewhat tentative, approval ratings from Canada's central bank watchers.
LDP Yamamoto - Won't keep axe over BOJ gov head
JAPAN - Pumping up the pressure on the Bank of Japan to ease credit further to halt deflation, a leading ruling party critic of the central bank has moved a step closer to taking the BOJ Law into his own hands.
Turkmenistan leader slams central bank chief
TURKMENISTAN - At a government meeting on 6 August, Turkmen President Saparmyrat Niyazov harshly criticized the head of the Central Bank for failing to prevent embezzlement of state funds and for using his position to promote people without merit.
India c bank revises CRR rules for deposits
INDIA - The Reserve Bank of India (RBI) has clarified that scheduled commercial banks, excluding regional rural banks, are exempt from the minimum cash reserve ratio (CRR) requirement of three percent on inter-bank term deposits/ term borrowing…
Manila's Arroyo not pushing for currency control
PHILIPPINES - Philippine President Gloria Macapagal Arroyo said on 9 August she was not pushing for currency controls but added: "Never say never."
Slovenian Co to supply software to Bosnian c bank
BOSNIA - Slovenian computer company Aster signed a contract in the beginning of August 2001 with the Bosnian Central Bank for the implementation of accountancy and bank software.
RBI pulls up IFCI for poor supervision
INDIA - The Reserve Bank of India has come down heavily on the Industrial Finance Corporation of India (IFCI) for poor supervision of its loan portfolio, lack of proper asset liability management (ALM), rollover of sticky accounts and improper asset…
The Federal Reserve Beige Book
REPORT - The Federal Reserve has published on 8 August its regular Summary of Commentary on Current Economic Conditions by Federal Reserve District known as the Beige Book.
Mervyn King on the International Financial System
SPEECH - Speech by Mervyn King, Deputy Governor of the Bank of England at the 20th Anniversary of the Indian Council for Research on International Economic Relations.
IMF Quarterly Emerging Market Financing Report
REPORT - The International Monetary Fund (IMF) yesterday, 8 August, published on its website the latest Emerging Market Financing: Quarterly Report on Developments and Prospects, which covers the second quarter of 2001.
ECB Working Paper Series, No 70
RESEARCH - Central Bank Forecasts of liquidity factors: Quality, publication and the control of the overnight rate, by Ulrich Bindseil, July 2001.
Reserve Bank executive to have their power reduced
NEW ZEALAND - Brash to be removed as Reserve Bank chairman. The power of the executive team at the Reserve Bank is to be reduced with the introduction of law changes planned for this year.
Philippine money laundering probe threshold cut
PHILIPPINES - Lawmakers plan to cut the deposit threshold of bank accounts that can be probed under anti-money laundering legislation.
Lebanon c bank remains main supplier of dollars
LEBANON - Demand for U.S. dollars was limited in the Lebanese market this week, with the central bank the main supplier of the hard currency, dealers said.
Taiwan beefs up reserves
TAIWAN - Taiwan's foreign exchange reserves last month rose by US$983 million, month on month, to US$110.11 billion.
Nigeria c bank weans banks off govt loan addiction
NIGERIA - The Nigerian central bank's drive to discourage commercial bank lending to regional and local governments should control money supply and inflation but at the expense of bank profits, bankers and analysts said.
President of Haiti appoints new central bank board
HAITI - President Jean-Bertrand Aristide has appointed a new board of directors to head the BRH, the Bank of the Republic of Haiti.
Latvian c bank says liquidity returning to normal
LATVIA - Latvia's central bank said on 8 August that interbank liquidity was returning to normal after a months' long squeeze and it was now able to offer more funds to the market.
Tanzania to suspend German currency printer deal
TANZANIA - The Tanzanian government has directed the central bank to rescind its decision to award a German currency printing firm a multi-million dollar tender to print banknote for Tanzania due to a recent report of mass misprinting by the company, the…
Argentina's int'l reserves fall another 2.2%
ARGENTINA - Argentina's international reserves fell by 2.2% between 1 August and 2, according to latest data issued by the country's central bank.
IMF names head of Ukraine representation
UKRAINE - The IMF has appointed Lorenzo Filiuoli as head of the organisation's representation in Ukraine.
Bank of England Inflation Report - August 2001
REPORT - The Bank of England has published its latest inflation report for August 2001. The report suggests that the UK economy will remain weak in 2001 before starting to recover in 2002.
The Outlook for the U.S. Economy
SPEECH - President and CEO of the Federal Reserve Bank of Chicago Michael Moskow gave a speech to the Priority One Annual Meeting, Crowne Plaza Five Seasons Hotel, Cedar Rapids, Iowa, 7 August.
OECD recommends more power to banks regulator
CZECH REPUBLIC - The Czech Republic can best minimise risks to its banking sector by creating preconditions for a more effective functioning of the regulator, the Czech National Bank (CNB), says a recently published study by the OECD on the Czech economy.