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Welteke against hasty Emu entry for new members
One day after the signing of the agreement in Nice, Bundesbank President Ernst Welteke has warned against the hasty acceptance of new members into the EU's monetary union.
Slovak cbank to lower reserve requirement in 2001
Some monetary policy instruments of the National Bank of Slovakia will undergo changes in the future, according to vice governor Elena Kohutikova.
Uruguay to see 2% growth in 2001
Uruguay's economy minister said Tuesday he expects the small South American economy to shake two years of recession and economic stagnation and grow by 2% in 2001.
Brazil cbank chief loses cool in Congress hearing
Brazil's master of monetary policy, central bank chief Arminio Fraga, lost his calm demeanor for once on Tuesday in a rare outburst, slamming a left-wing lawmaker who accused the bank of not doing enough to cut interest rates.
Namibia City Savings Investment Bank board sacked
An interim board has been appointed to run the troubled City Savings and Investment Bank (CSIB) whose previous directors angered the Bank of Namibia so much it fired them all.
Failure to reach agreement over ex-Yugo gold
The governors and vice-governors of central banks which emerged after the break-up of the former Yugoslav federation failed to reach an agreement on the distribution of gold and foreign currency reserves at the International Bank for Settlements in Basel…
Manila may cut reserve requirements in January
Philippine central bank governor Rafael Buenaventura said the bank may delay lowering bank reserve requirements until January next year.
Dutch inflation harms competitive position-Wellink
The Netherlands' competitive position is deteriorating due to inflation above the European average and higher wage demands, Dutch central bank president Nout Wellink said in an interview with a Dutch newspaper.
Czech central bank concerned about external growth
A possible slowdown of Western European economies is identified as a risk to growth in the coming months, according to minutes released Tuesday by the Czech National Bank from the most recent policy meeting.
Buba's Welteke says ECB rates appropriate now
Bundesbank President Ernst Welteke said on Tuesday that current Eurozone interest rates were appropriate and reiterated that the European Central Bank's monetary policy was not hampering economic growth.
Staff morale inquiry at BoE could take 6 months
An inquiry into ailing staff morale at Britain's central bank ought to be completed within six months, a member of its governing body said on Tuesday.
BCB Fraga on the list of presidential candidates
Right-wing coalition PFL party president Jorge Bornhausen named Banco Central do Brasil chairman Arminio Fraga as a candidate for the 2002 presidential elections who could achieve unanimity between the government coalition.
BIS says US gold scheme suit 'without merit'
The Swiss-based Bank for International Settlements rejected as baseless on Tuesday a US lawsuit alleging the BIS conspired with central banks and major international investment houses to keep the price of gold low.
Uganda president nominates new central bank chief
Uganda's President Yoweri Museveni has nominated Treasury Secretary Emmanuel Tumusiime-Mutebile to fill the vacant post of central bank governor, officials said on Tuesday.
SEC eyes tougher options rules
US securities regulators are close to proposing tougher new rules over the disclosure and approval of stock option plans by US companies. By John Labate in New York, The Financial Times.
International reserve level still strong, says BNM
Bank Negara Malaysia said its international reserves have declined by only RM1.8 billion since end-1999. From The Business Times (Malaysia)
Estonia Securities Inspection to get new director
Estonian officials said on Monday that a state selection committee had nominated central bank official Kristjan-Erik Suurvali to become director general of the Securities Inspection.
Ugandan banks cautioned on margin fixing
The deputy governor Bank of Uganda, Dr Louis Kasekende, has warned commercial banks not to form cartels, in order to fix margins.
BOJ eyes extension of settlement system operation
The Bank of Japan said Monday it is considering operating its settlement system until 5:30 p.m., instead of an earlier-planned 5 p.m., on days for issuance of certain government securities.
Study says EU membership might not boost growth
According to a Bank of Estonia study, Estonia's economic growth would not receive an automatic boost after Estonia joins the European Union.
EC put pressure on Germany's Landesbank reform
The following is an article from The Economist magazine entitled "Under pressure from the European Commission, Germany's public-sector banks are thinking openly about reforming themselves."
Clock keeps ticking on naming new BoC head
Time is running out for Gordon Thiessen's term as Bank of Canada governor, and there is still no official word concerning who will become his successor.
Bk Indonesia to adopt risk-based bank supervision
Bank Indonesia will gradually shift its banking supervision system from the current compliance-based mechanism to include the internationally practiced risk-based system starting next year, according to a senior official at the central bank.
Iran central bank allocates $1bn to private sector
Central Bank of Iran announced that it has allocated $1bn to the private sector. The money was drawn from the foreign exchange reserve fund which was set up to deposit surplus oil revenues.