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Central Bank of Malta - Annual Report 2003
The Central Bank of Malta has published its Annual Report for the year ended 2003. The Report sees a modest pick-up in activity during 2004, underpinned by higher public sector investment as well as a recovery in exports.
Singapore's Loong on ASEAN - the way ahead
In the speech 'ASEAN - the way ahead' given on 7 April Lee Hsien Loong of the Monetary Authority of Singapore said globalisation has presented many challenges to ASEAN, but it has also created many opportunities. Governments will need to lead the way, by…
Malaysia's Zeti on the new capital accord
In the speech 'Enhancing the soundness of the banking sector - The New Capital Accord' given on 15 April Zeti Akhtar Aziz of the Central Bank of Malaysia said despite the increased sophistication of the regulatory capital framework and internal economic…
Minutes from the Sveriges Riksbank Meeting, 31 Mar
Minutes of the Sveriges Riksbank Executive Board meeting on 31 March, published 20 April. The minutes said the Swedish economy would recover gradually and largely follow the developments estimated in the Riksbank's December Inflation Report. This meant…
Fukui on the BOJ's semiannual report
In a statement concerning the Bank of Japan's Semiannual Report on Currency and Monetary Control given on 13 April Toshihiko Fukui said in contrast to a year ago, positive signs are steadily increasing in Japan's economy. At the same time, however, there…
Snow: Boosting global growth key G7 topic
Boosting global growth will be the central topic of the upcoming G-7 meeting of the finance ministers and central bank governors from the world's seven largest industrial countries, according to U.S. Treasury Secretary John Snow.
Tanigaki: G7 meeting to discuss financial markets
Finance officials of the Group of Seven nations meeting this week will probably talk about financial markets as part of discussions on the global economy, Japanese Finance Minister Sadakazu Tanigaki said on Friday.
Report says Armenia offloads its gold reserves
The Central Bank of Armenia has sold the country's gold reserves of about 1.4 tonnes, a report said quoting the Bank.
IMF to say Fed must prepare world for rate hike
The Federal Reserve must prepare the global economy for an interest rate hike to "avoid financial market disruption both domestically and abroad", the IMF is to warn this week according to a newspaper report.
BOJ sees deflation continuing for a while
Bank of Japan Governor Toshihiko Fukui said in a speech Monday that Japan's economy is continuing to recover in a stable manner but prices should stay "slightly negative" for a while.
Yuan convertibility 'top priority' says Zhou
People's Bank of China governor Zhou Xiaochuan was quoted as saying the central bank will take steps to let market forces play a bigger role in determining the yuan's value as this is a "top priority".
ECB's Papademos on policy-making in EMU
In the speech 'Policy-making in EMU: strategies, rules and discretion' given on 19 April Lucas Papademos of the ECB said there are many reasons for arguing that the ECB's strategy is well suited to the conduct of monetary policy in the euro area. One…
Fed's Bernanke on financial access for immigrants
In the speech 'Financial Access for Immigrants: The Case of Remittances' given on 16 April Ben Bernanke of the Federal Reserve said remittances of money abroad by immigrants in the United States are large, and pose an opportunity to bring an underserved…
Philadelphia Fed Business Outlook Survey, Apr 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, April 2004 growth in the region's manufacturing sector is continuing. Indicators for general activity, new orders, and shipments all rose from their readings last month.
Riksbank to guarantee capital cover to subsidiary
Decision on capital injection during the winding up of the Riksbank's wholly-owned subsidiary, Pengar i Sverige AB, 16 April. The Executive Board of the Riksbank decided at its meeting on 31 March 2004 to guarantee capital cover of up to SEK 75 million.
Bundesbank appoints corporate governance officer
On 14 April the Executive Board of the Deutsche Bundesbank appointed Professor Theodor Baums of the Johann Wolfgang Goethe University in Frankfurt as Corporate Governance Compliance Officer of the Deutsche Bundesbank.
Stark to succeed Welteke?
Ernst Welteke, head of the Bundesbank, resigned on Friday. The Bundesbank and German Ministry of Finance called his decision "appropriate". Many observers of the affair think that his successor will be Koch-Weser, the ministry of finance official…
Welteke resigns from Bundesbank
Bundesbank president Ernst Welteke resigned Friday after coming under heavy criticism for taking a free hotel stay from a commercial bank. He said in a statement "the disregard for the legally guaranteed independence of the Bundesbank and its…
ECB publish latest additions to Blue Books
The European Central Bank (ECB) on Friday 16 April published the latest additions to two of its Blue Books, ahead of the 1 May EU enlargement.
CBN's Sanusi launches 'Project Eagles'
Governor of the Central Bank of Nigeria (CBN), Chief Joseph Sanusi, on Thursday 15 April launched the re-engineering and restructuring of the central bank, known as "Project Eagles" with a view to making the CBN one of the world's most efficient and…
Vyugin criticises Russia's rouble policy
The Russian central bank's "protectionist" rouble policy is causing the stock market to overheat and is threatening to create an asset bubble, Russia's top financial regulator said on Thursday 15 April.
Fed's Greenspan on capitalizing reputation
In a speech on 'Capitalizing reputation' given on 16 April, Alan Greenspan of the Federal Reserve said companies need to work hard to restore trust in the nation's financial markets and predicted that trust can be restored, but he warned of serious…
Malaysia to adopt 2-phase Basel II approach
Malaysia will adopt a 2-phase approach towards the Basel II banking accord, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
Israel tops for central bankers per head
The Economist magazine reports that the Bank of Israel employs 14 people for each 100,000 Israelis, almost twice as much as in the US.