Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Philippine Bank will strictly enforce Forex rules
PHILIPPINES - In a stern warning to banks deemed responsible for several days of volatility in the peso market, the Philippine Central Bank said today, 23 July it will strictly implement existing sanctions against violators of foreign exchange rules,…
O'Neill plays down Argentine contagion risk-report
UK - U.S. Treasury Secretary Paul O'Neill sees little likelihood of contagion spreading to other emerging market economies as a result of Argentina's financial crisis, the Economist magazine reported.
Bank Indonesia extends capital adequacy deadline
INDONESIA - Bank Indonesia has extended its deadlines for banks to achieve a minimum capital adequacy ratio (CAR) of 8 per cent.
Asia-Pacific bank governors meet in Australia
AUSTRALIA - Central bank governors and deputies from the Asia-Pacific region met today, 23 July in Australia, but their discussions were held in private and no communique was released.
Interview - Stephen Nickell of the bank of England
ARTICLE - The Bank of England has created faith in the UK economy and maintained a strong pound, Stephen Nickell tells Ed Crooks of the Financial Times, 23 July.
IMF International Capital Markets Report, 2001
CENTRALBANKNET'S SPECIAL REPORT - We have only to look back over the events of the past two weeks to see just how dramatically sentiment has shifted in the past year. Argentina is in the spotlight again; Turkey never far out of it. Will the global…
Central Bank of Armenia - Annual Report 2000
ANNUAL REPORT - The Central Bank of Armenia has published its Annual Report for the year ended 2000.
Central Bank of Honduras - Annual Report 2001
ANNUAL REPORT - The Central Bank of Honduras has published its Annual Report for the year ended 2001.
Central Bank of the Bahamas - Annual Report 2000
ANNUAL REPORT - The Central Bank of the Bahamas has published its Annual Report for the year ended 2000.
Bank of Thailand - Annual Report 2000
ANNUAL REPORT - The Bank of Thailand has published its Annual Report for the year ended 2000.
Kenyan c bank chief laments rising interest rates
KENYA - The Central Bank of Kenya said on 18 July its efforts to restructure the government's debt were on track but lamented its inability to keep interest rates down due to a squeeze in government finances.
Russian major bank ratings improve
RUSSIA - Fitch, the international rating agency, has changed the Outlook to Positive from Stable assigned to the Long-term ratings of 'B' of the Savings Bank of the Russian Federation (Sberbank) and Vneshekonombank (VEB). The banks' Short-term,…
Argentina softens economic reforms
ARGENTINA - The Argentine government is to soften its belt-tightening economic reforms after two days of crippling strikes and protests.
Korea needs to monitor emerging markets
SOUTH KOREA - BOK Gov. Korea should pay close attention to developments in Latin American markets to prevent shockwaves reaching the peninsula, Bank of Korea (BOK) Gov. Chon Chol-hwan said on 18 July.
Non-bank Chinese institutions need funding
CHINA - China's central bank wants to draw private capital into investing in hundreds of cash-starved non-bank financial institutions to boost their financial strength, according to China Securities.
IMF press conference in London
UK - At 10am UK time today, 20 July, Garry Schinasi chief of the IMF's Capital Markets and Financial Studies Division spoke at a press conference held at the Bank of England.
Singapore risk management
ARTICLE - G10 central bank study says that consolidation has heightened possibility of systemic risk. Central banks of G10 countries recently released a joint study on the impact of consolidation on financial risk, payment systems and monetary policy,…
MAS speech - Credibility, Confidence, Dynamism
SPEECH - Keynote Address by DPM Lee Hsien Loong, Chairman MAS, at MAS 30th Anniversary Conference, 20 July.
30th Anniversary of MAS - prime minister speech
SPEECH - Prime Minister of Singapore, Goh Chok Tong at the Monetary Authority of Singapore's (MAS) 30th Anniversary Dinner, 20 July.
BoJ urges move on measurement of bad loans
JAPAN - The Bank of Japan has discreetly urged the Financial Supervisory Agency, the main regulator in Japan, to develop better methods for measuring questionable bank loans, writes the Financial Times in London, 19 July.
World Bank questions US plan for the poor
ITALY - On the eve of the G8 summit of world leaders in Genoa, a potentially embarrassing row has broken out between President Bush and other world leaders over how to best help the poor.
ECB leaves interest rates unchanged
GERMANY - The European Central Bank (ECB) left eurozone interest rates unchanged, despite evidence of an economic slowdown.
Eurostat launches online economic database
UK - The European Union's statistical office Eurostat has launched a "Euro-indicators" subscription database aimed at economists and other professionals, some of whom complain that detailed data are hard to obtain.
Philippine bank expands dollar hedging facility
PHILIPPINES - The Philippine Central Bank said today, 19 July, its policy- making Monetary Board has approved the expansion of coverage under the currency risk protection program, a hedging facility managed by the monetary authority.