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Surprise as David Dodge heads Bank of Canada
Deputy minister for health David Dodge, 57, has been named the new governor of the Bank of Canada, a surprise choice within financial circles, which had been expecting the central bank's senior deputy governor Malcolm Knight to succeed Gordon Thiessen,…
Swedish c.bank says one member opposed rate hike
Sweden's central bank, the Riksbank, said one of its six board members did not support this month's increase of Sweden's key repurchase rate by 25 basis points to 4.00 percent.
Anglo sees no immediate impact of Zambia controls
Mining giant Anglo American Plc said on Wednesday its business interests in Zambia would not be affected immediately by the country's decision to impose limited foreign exchange controls.
France helps Niger bolster economy after IMF deal
France's AFD aid agency has granted Niger 4.0 billion CFA francs ($5.5 million) to help rebuild its economy and public finances, official sources said.
China c.bank says gold exchange venue not set
China's central bank said on Tuesday it had not decided where to set up the first national gold exchange, denying a newspaper report it would be located in Shanghai.
Nigeria cbank closely monitors forex transactions
The Central Bank of Nigeria has intensified its monitoring of the interbank foreign exchange market with a view to unraveling the cause of the unusual high demand for foreign exchange.
BOT to launch daily liquidity forecasts
The Bank of Thailand will soon launch a daily liquidity forecast - a new tool designed to control short-term market rates.The forecast would tell financial institutions roughly how much liquidity there would be on the following day, BOT assistant…
IMF asks to take part in Bank Indonesia bill talks
The International Monetary Fund has asked to participate in the process of amending Indonesia's central bank law, a legislator said.
UK's MPC split 7-2 for steady rates in Dec
Britain's central Bank was split 7-2 in favour of leaving interest rates unchanged at 6.0% earlier this month, minutes of the meeting showed on Wednesday.
Trichet backs disputed BIS share buyback plan
Bank of France governor Jean-Claude Trichet said on Wednesday that he believed a disputed plan by the Bank for International Settlements to buy out private shareholders was fair.
Guatemala considers legalising limited dollar use
Weeks after El Salvador adopted the dollar as one of its currencies, Guatemala's Congress was considering a similar plan Monday, the Associated Press reported.
MAS can ease rupiah woes, says Gus Dur
Indonesian President Abdurrahman Wahid said that he disagreed with Singapore's senior minister Lee Kuan Yew over the role the Monetary Authority of Singapore could play in stopping commercial banks from speculating on the rupiah.
Canada's Martin mum on central bank chief
Canada's finance minister Paul Martin on Tuesday refused to shed any light on who the government will choose as the next governor of the country's central bank.
Bank of Israel- No need to import hi-tech workers
The Bank of Israel said yesterday it objects to bringing engineers and software technicians from India to Israel in attempt to fill the shortage in skilled workers in the hi-tech industry.
Fed policy shift stirs debate on economic policy
The Federal Reserve's warning on Tuesday that the economy was rapidly losing steam stirs the pot in a simmering debate between the Clinton administration and President-elect George W. Bush's team about whether a new prescription for growth is needed.
Chile on track for growth of close to 6%
Chile yesterday looked on course for economic growth this year of close to 6% after stronger than expected gross domestic product figures for October.
Thai central bank plans electronic bond settlement
The Bank of Thailand said it plans to introduce an electronic settlement system for bond and debt paper transactions in late 2001 as part of its policy to develop the Thai money market.
RBI begins on a plastic note
The Reserve Bank of India is in the process of introducing plastic currency. The plan is to print polymer notes which are clear, durable and moisture, water, sweat, oil and water-proof.
Clamor for cash in bank closings in Cambodia
A top Cambodian central bank official said Monday that the bank will ensure that the liquidation of recently closed banks is done by the law, but depositors at those banks still do not know when, if ever, they will get their money back, according to The…
BOJ's Hayami says Japan recovery stalling
Improvement in Japanese corporate sentiment has stalled and the nation's economic recovery has slowed, the nation's central bank chief said on Tuesday, confirming what financial markets have suspected for weeks.