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Former Ukraine bank governor under investigation
An investigation into the alleged misuse of funds by the former first deputy chairman of the National Bank of Ukraine, Volodymyr Bondar, is under way, Ukrainian television's Third Programme reported.
Buba's Stark - US growth slowdown coming true
Bundesbank deputy president Juergen Stark said on Monday he was pleased with the euro's appreciation and said the slowdown in US economic growth appeared to be materialising.
Broaddus says US economic outlook extremely cloudy
A Federal Reserve policymaker said Monday the US economic outlook is growing increasingly murky but he said he remains confident the economy will avoid a recession or an inflation outbreak the coming months.
BOJ's pre-tax profit plunges 73.7%
The Bank of Japan announced Wednesday that its pretax profit plunged 73.7% on the year to 248.2 billion yen (US$2.25 billion) in the fiscal first half ended September 30. The central bank suffered massive losses on long-term government bonds, coupled…
Fed offers rule to find predatory subprime lenders
The US Federal Reserve Board proposed a rule Wednesday that could help the government identify predatory lenders.
Montenegro rejects NBJ advances
The leaders of Montenegro's monetary authorities sent a message today to the new governor of the National Bank of Yugoslavia, Mladjan Dinkic, that he should not try to establish monetary sovereignty over Montenegro, because that is "neither theoretically…
Swedish financial system remains stable - Riksbank
Sweden's financial system remains stable thanks to good profitability in the banking sector and a strong economy, the Riksbank said on Thursday.
BOJ decides to leave monetary policy unchanged
The Bank of Japan decided at a top policy-making meeting Thursday to leave its monetary policy unchanged until the next session slated for 15 December.
Next Bank of Canada boss expected to be named soon
The next Bank of Canada boss is expected to be named soon to replace Gordon Thiessen. Senior deputy governor Malcolm Knight and deputy health minister David Dodge are seen vying for post.
Indonesia c.bank sees firmer rupiah early in 2001
Indonesia's central bank on Thursday said it was confident the rupiah would strengthen to 8,000-8,500 against the dollar by early next year, but added the bank would continue to prop up the currency if necessary.
Indonesia pledges to restore confidence in cbank
The Indonesian government will hammer out a plan to restore public confidence to the country's central bank, Bank Indonesia, by making some improvements and reshuffle in the bank in a bid to boost the performance of the monetary institution, a senior…
Polish opp party wants cbank head with no politics
The Polish opposition party, Democratic Left Alliance, will ask the president to choose the central bank head from among three candidates - Dariusz Filar, Jerzy Stopyra and Andrzej Slawinski.
Moldova central bank cuts main interest rates
Moldova's central bank said on Thursday it had cut its main interest rate for short-term and medium-term credit to 27.5% from 28.5% with immediate effect.
Lithuanian central bank reprimands Vilniaus Bank
Lithuania's central bank said on Thursday it was reprimanding Vilniaus Bank for failing to meet its prudential requirement but was taking no punitive action because the country's largest financial institution had remedied the situation.
Comoros economy grew 1.1 % in 1999 -central bank
Economic growth in the Indian Ocean Comoro islands slowed to 1.1% in 1999 from 1.2% in 1998, the central bank said on Thursday.
HKMA to provide four-month issuance schedule
The Hong Kong Monetary Authority will provide a quarterly schedule of its issuance plans for Exchange Fund bills and notes, beginning with the December-to-March period, it said Thursday.
Turk c.bank decision sparks money market turmoil
Turkey's central bank on Thursday shut off the taps of the emergency funding it has carried out over the last six trading days to ease a liquidity crunch sparked by fears of a banking sector crisis.
CNB dispute may damage central bank's independence
The Czech government on Wednesday refused to approve the president's appointment of Zdenek Tuma as governor of the Czech National Bank, escalating a dispute that could damage the stability and independence of the central bank, The Financial Times writes…
Taiwan central bank attacks HSBC over T$ forecast
Taiwan's central bank lashed out at Hong Kong and Shanghai Banking Corp (HSBC) on Thursday, saying it had consistently undervalued the local currency in its foreign exchange forecasts.
Russia and Belarus move towards single currency
The Russian Federation government has approved the draft agreement between Russia and Belarus concerning the introduction of a single currency and the establishment of a single centre of issue of the Union State.
Peru's central bank governor asked to stay on
Peru's new president Valetin Paniagua has said that the president of the Central Reserve Bank of Peru and the directors of the central bank, who had offered their resignations with the change in government, would stay in their posts.
Oil, minimum wage hike led to Brazilian rate hold
Despite a slowdown in inflation in recent months, concerns about the impact of a hike in the minimum salary and volatile oil prices led Brazil's central bank to keep its key interbank interest rate steady, according to minutes of last week's monetary…
ECB leaves all key interest rates unchanged
The European Central Bank kept all of its three key short-term interest rates unchanged Thursday.The decision was expected by the market, as past rate hikes - already six this year - have yet to feed through into the real economy, and the ECB will want…
Ukraine c.bank sees hryvnia steady near-term
Ukraine's fragile hryvnia currency is likely to remain steady in the next two months, backed by stronger demand ahead of the year-end, Serhiy Yaremenko, the head of the central bank currency regulation department, said on Thursday.