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Luxembourg's Mersch visits Malta central bank
The governor of central bank of Luxembourg visited Malta's central bank on Monday June 9 as part of a networking policy, designed to establish close working relationships with the central banks of both EU member States and accession countries, according…
Bankers say Lebanon not ready for Basel II
Delegates from Lebanese and Arab banks speaking at a bank conference said on Tuesday 10 June that financial institutions in the region need to invest more to comply with the rules of the Basel II agreement, according to the Daily Star.
Chikaura set to take over as RBZ governor
The acting governor of the Reserve Bank of Zimbabwe (RBZ), Charles Chikaura, may take over as a permanent replacement to Leonard Tsumba who resigned last week amid the country's bank note crisis. The Daily News reported that candidates from the private…
Germany's inflation falls to 0.7 percent
Inflation in Germany fell to 0.7 percent in May, the lowest rate in over 3 years, according to Associated Press. The figures released on Wednesday June 11 showed the rate fell by 0.3 percent from 1 percent in April.
Japan's central bank to buy securities
The Bank of Japan has decided to buy asset-backed securities, according to a Reuters report. Before this it had restricted its purchases to government bonds, which carry less risk than securities. The bank said the scheme could start as early as next…
Fed Reserve Bank of Dallas - Annual Report 2002
The Federal Reserve Bank of Dallas has published its Annual Report for the year ended 2002. Following the 2001 recession, the report says, economic activity expanded throughout 2002, but not vigorously enough to sustain or promote employment growth…
Central Bank of Turkey - Annual Report 2002
The Central Bank of Turkey has published its Annual Report for the year ended 2002. In spite of the political uncertainty and the November elections, the financial stability maintained throughout the year supported economic recovery, the report says.
Santomero-Flexible commitment or inflation target?
In a speech on 'Flexible Commitment or Inflation Targeting for the U.S.?' Anthony Santomero of the Philadelphia Fed said "I believe the (Federal Open Market Committee) should seriously consider inflation targeting".
Duisenberg on structural reform and mon policy
In a speech on 'Structural reform and its implications for monetary policy' Wim Duisenberg of the European Central Bank said labour market reforms are urgently needed if euro zone economic growth is to recover strongly as some countries are hampered by…
Greenspan on natural gas supply and demand issues
In testimonyto the Committee on Energy and Commerce, U.S. House of representatives, on 'Natural gas supply and demand issues' Alan Greenspan of the Federal Reserve said high natural gas prices are likely to last into next year, and could weaken some key…
Bank of Japan Monetary Policy Meeting, 11 June
The Bank of Japan announced unchanged guidelines at the end of its two day meeting on 11 June.
Brazil's Meirelles reiterates 8.5% inflation goal
Interest rates "may ease" in Brazil if inflation falls by half, central bank president Henrique Meirelles told journalists after speaking at a seminar in Seville, southern Spain, reports Bloomberg
Interview with central bank governor: Yves Mersch
In an interview with Reuters, Yves Mersch of the central bank of Luxembourg said he hopes for a "euroisation" effect with the opening up of EU markets because of the single currency.
Joseph Stiglitz - Big lies about central banking
Central banks make decisions that affect every aspect of society, including rates of economic growth and unemployment, but because there are tradeoffs, these decisions can only be made as part of a political process, writes Joseph Stiglitz in the Taipei…
Nigeria cb shelves plan for 1,000 naira note
Plans to bring in a 1,000 naira note in Nigeria have been put on hold, according to a report by The Guardian, Lagos The note would be worth double the current highest denomination banknote but the plan was shelved due to unfavourable economic conditions.
Bank of Estonia Council may see new chair
Political party Res Publica has said it does not support Mart Sorg for a second term as chairman of the supervisory council of the Bank of Estonia, according to the Baltic News Service.
Bulgaria parliament to name new central bank chief
Bulgaria's parliament was due to name the new governor of the national bank of Bulgaria on Tuesday with criticism made that the choice may be politically motivated, according to BG News.
South African 'super regulator' idea rejected
A proposal from South Africa's finance minister to establish a 'super regulator' that would take away responsibility for banking supervision from the central bank has been rejected by bank CEOs in a recent survey, according to Business Day.
Bundesbank cuts growth forecast
The Bundesbank has cut its growth forecast for 2003 to between 0.1 and 0.2 per cent, down from 0.5 per cent, Reuters reports. The move follows weak growth for the first three months of this year.
China's banking credit system takes shape
The People's Bank of China said on Monday 9 June that the country has made important advances in establishing the banking credit registration and consulting system, according to the People's Daily.
Solomon Is's Hou cites govt interference
Rick Hou, the soon to depart governor of the central bank of the Solomon Islands, has suggested it might be difficult to find a candidate to replace him as government interference may put people off from the job, according to Radio Australia
European Parliament response to UK euro decision
Christa Randzio-Plath, Chair of the European Parliament's Committee of Economic and Monetary Affairs, called the UK's decision on the euro politically motivated and said it was "unimaginable" for the UK to remain outside the single currency indefinately.
RBNZ Monetary Policy Statement, June 2003
The Reserve Bank of New Zealand has published its Monetary Policy Statement (MPS) for June 2003. New Zealand's economic growth has been strong and comparatively stable for an extended period, but it is now slowing to a more modest pace, the report said…
Macfarlane on prospects for the world economy
In his opening statement to House of Representatives I.J. Macfarlane of the Reserve Bank of Australia said the international environment has not yet improved in the way we had hoped, and the changing fortunes of the US dollar throw an additional…