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BOJ voted 8-1 to maintain policy on Oct 13-minutes
The Bank of Japan (BOJ) Policy Board voted 8-1 to maintain its policy of targeting the unsecured overnight call rate at 0.25 percent at a meeting on October 13, minutes from the meeting showed on Wednesday.
Wahid won't interfere with Bank Indonesia
Indonesian President Abdurrahman Wahid will not interfere in negotiations over changes to the law governing the central bank, his spokesman said on Wednesday.
Credit Suisse says RBNZ won't change cash rate
New Zealand's Reserve Bank is expected to leave the official cash rate unchanged early next month because of uncertainty about the country's medium-term inflation outlook, Credit Suisse First Boston (NZ) Ltd. said Wednesday.
Liquidity gridlock feared from Japan's RTGS launch
Japan's introduction of real time settlement for stock and bond transactions may expose banks and brokerages to a temporary liquidity gridlock that could force some to reduce yen-based operations, bankers said on Wednesday.
Russia central bank to develop smart card market
Sergei Mikhailov, deputy director of the information systems department of the central bank, has announced that the bank is interested in developing the smart card market.
UK's MPC voted 9-0 for unchanged rates in November
The Bank of England's monetary policy committee (MPC) voted unanimously for a second month running in November to leave interest rates unchanged at 6%.
New vice presidents suggested for Hungary cenbank
Hungarian daily newspaper Nepszava gave a list of the likely nominees for the post of new vice presidents at the National Bank of Hungary after the tenure of the current President Gyorgy Suranyi expires on March 1.
A$ bounces back from record lows
The Australian dollar bounced back from this week's record lows against the US dollar on Wednesday, buoyed by talk of central bank support in the options market.
Slovak central bank two day policy meeting
The board of the National Bank of Slovakia will hold a two-day meeting on current and 2001 monetary policy on Thursday and Friday, central bank spokesman Jan Onda said on Wednesday.
Italy MTS to adopt RTGS system soon
MTS SpA, Italy's secondary bond market operator, will soon adopt real-time gross settlement (RTGS) for bond operations to replace current end-of-day settlement, MTS deputy director general Ezio Dosa said on Wednesday.
Zdenek Tuma likely to become new CNB chief
Zdenek Tuma will become the head of the Czech National Bank, according to information published in today's daily press, replacing Josef Tosovsky who moves to the BIS Financial Stability Institute as of December 1.
Taiwan central bank says forex policy unchanged
Taiwan's central bank said on Wednesday it would maintain its policy of "dynamic stability" in the foreign exchange market after surprisingly allowing the local dollar to fall to a 19-month low.
Saudi Arabian Monetary Authority
The Saudi Arabian GDP expanded by 8.8% in nominal terms in 1999, amid strong oil prices since April last year, the central bank said in its annual report.
Brazil's cenbank intervenes in FX markets
Brazil's central bank intervened in the foreign exchange markets today, saying that it does not want the real to strengthen too much against the dollar as it could be detrimental to Brazil's trade balance.
Ghana to be HQ of West African Monetary Institute
Ghana has been selected as the location for the headquarters of the West African Monetary Institute that is to work towards the establishment of a West African Central Bank.
Iran's Bank Melli to open branch in Moscow
Iran's Bank Melli will soon open a branch in Moscow with a capital of over $10m, Central Bank of Iran governor Mohsen Nurbakhsh said in a meeting with his Russian counterpart Viktor Gerashchenko.
Romania's foreign debt increases this year
Romania's foreign debt has increased in the first three quarters of 2000 by 1.5% compared with the end of 1999, reaching $9.2bn, Romania's central bank said.
CBR auditor to be chosen on November 24
The Russian State Duma will name an auditor for the Central Bank of Russia for 2000 on November 24.The contenders are Deloitte & Touche and the PriceWaterhouseCoopers - FBK tandem.
Australian dollar falls to 17 year low
The tide of global foreign exchange markets has turned against the Australian dollar again with the local currency falling to a record 17 year low.
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.