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Venezuela preparing interest rate measures
Venezuela's central bank is considering measures to limit the spread between commercial banks' lending and deposit interest rates, as part of a new banking law being drafted for decree by President Hugo Chavez.
Investors await Eqypt's exchange rate policy
Domestic and foreign investors in Egypt are waiting for some sign from the monetary authorities on a new exchange rate policy nearly two months after the country abandoned a long-standing fixed peg against the dollar.
Russia and IMF disagree over forex reserves
The Russian government is hoping to resume its talks with the International Monetary Fund in the middle of December, a source close to the talks told the Russian news agency Interfax on Tuesday.
Second Nicaraguan bank collapses
Nicaragua is facing a crisis in its fragile financial system after the regulator moved to take over the second bank to fail in the past 100 days, and attacked the government for refusing to guarantee its customers' deposits.
Taiwan BoP suffers from capital flight
After eight quarters in surplus, Taiwan's balance of international payments fell into deficit territory in the third quarter of this year as the result of a sharp fall in the capital account, the Central Bank of China revealed yesterday.
Fraga welcomes BSCH bid for Banespa bank
Spain's Banco Santander Central Hispano was the surprise high bidder for Banespa yesterday, claiming Brazil's state bank for an unexpectedly high US$3.6bn. Arminio Fraga, Brazil's central bank president, welcomed the bid.
US and euro interest rates to rise, says OECD
Interest rates in the world's leading economies look set to rise, the OECD warned in its bi-annual World Economic Outlook and predicted global growth of 4.75% this year.
Philippine economy seen growing 4% in 2000
The Philippines' central bank said on Tuesday the economy may post four percent growth year-on-year in the third quarter, backed by a strong performance by the agriculture sector. Central bank deputy governor Armando Tetangco cited the 3.49% growth in…
BOJ commits to Jan 4 real-time settlement launch
Bank of Japan governor Masaru Hayami said on Tuesday the central bank would stick with the January 4 launch date for its real-time gross settlement (RTGS) system for government debt and money market transactions.
Indonesia central bank reform highly politicised
Messy and highly politicised attempts to revamp Indonesia's central bank are the latest blow to stumbling efforts to resurrect a battered economy. Economists and banking sources said the attempts to resolve a huge loan controversy centred on the bank…
Changes to Bank Indonesia law planned
The chairman of the Indonesian government commission, which is looking at the performance of the central bank, has proposed amendments to last year's law which granted the central bank independence. There are concerns that this will mean a serious step…
Calls for fundamental reform of the ECB
The UK government's favourite foreign policy think-tank has published a paper calling for fundamental reform of the European Central Bank and European economic policy-making to restore confidence in the euro.
Cuba to aim for new debt timetable
Cuba will present its case for a multilateral rescheduling of its foreign debt to western creditor governments this week. Cuban central bank officials and representatives of the Paris Club group of creditor nations are due to meet in the French capital…
Sarkinas: no policy change until after mid-2001
Reinoldijus Sarkinas, governor of the Bank of Lithuania, met with the IMF mission headed by Patricia Alonso-Gamo. He reiterated that decisions about the planned repegging of the national currency, the litas, from the US dollar to the euro would not be…
Dwight Venner on the role of the ECCB
The ECCB is adopting anambitious and strategicprogramme of activities toraise the level of economicliteracy in the EasternCaribbean. Governor K Dwight Venner explains how.
Bundesbank brings central banking to the public
Benedict Weller is captivated by the Bundesbank's spanking new Geldmuseum.
Target throughput improves; issues remain
While throughput on TARGET payments is improving some banks are still ignoring rules which require them to make payments promptly.
BoE issues inflation warning on wages
The Bank of England has released a report, co-written by chief economist Charlie Bean and other bank staff, warning that an increase in the share of national income being taken by wages may lead to a rise in inflation.
Macedonia, Bosnia want share of FRY gold reserves
Today, on his return from Sarajevo, where a meeting had taken place of the heads of the national banks of the countries that emerged after the Socialist Federal Republic of Yugoslavia broke up, Ljube Trpeski, governor of the Bank of Macedonia, stated…
Increased support for Balcerowicz as NBP president
Former Polish foreign minister Bronislaw Geremek of the Freedom Union [former ruling coalition junior partner with Solidarity Electoral Action] on Sunday announced he would call on all the parliamentary caucuses to support the candidature of Leszek…
Bank of Japan - Annual Report 2000
ANNUAL REPORT - The Bank of Japan has published its Annual Report for the year ended 2000.
Wahid proposes Nasution as new BI governor
There were rumours that President Wahid of Indonesia has proposed the acting governor of the troubled central bank, Bank Indonesia, Anwar Nasution, to take the job on a permanent basis.
Armenian Development Bank celebrates 10 years
The Armenian Development Bank organised an official reception yesterday to mark the 10th anniversary of its establishment. It was attended by the founders of the bank, including Tigran Sarkisyan, head of the Armenian central bank.
Bank Indonesia's Nasution speaks out on integrity
Professor Anwar Nasution, Bank Indonesia's senior deputy governor, said today that the central bank's daily operations would go on as usual. He told the public not to worry since the bank's governing board will remain on the job until their replacements…