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CIS Eurasian community bankers sign protocol
Central bank governors from the Eurasian Economic Community have signed a draft agreements on EAEC cooperation in currency regulation and control, as well as integration of the currency market, reports ITAR-TASS
BoJ announces change in money market guidelines
The Bank of Japan on Tuesday 20 May said it will lift its target balance of current accounts held by private financial institutions at the central bank to around 27 to 30 trillion yen ($230 billion-$256 billion) from the previous target of around 22 to…
Bundesbank's Remsperger on monetary policy
In a speech on 'Monetary Policy: How relevant are other policymakers?' Hermann Remsperger of the Bundesbank said the main conclusion for Germany is that there is virtually no scope for stimulating fiscal action. The government has envisaged a budget …
Duisenberg - Financial market and monetary policy
In a speech on 'New economy, financial markets and monetary policy' Wim Duisenberg of the European Central Bank said with the benefit of hindsight, he can say that the ECB was right to have reacted relatively cautiously when the world discussed the "new…
Russian court orders arrest of ex Turkmen c banker
The Russian courts have ordered the arrest of Hudayberdi Orazow, former chairman of the central bank of Turkmenistan who fled to Russi, according to the Turkmen Press news agency.. Orazow left Turkmenistan when wanted by the Turkmen authorities in…
Exit economists from NY Fed contest
An article in the Financial Times calls it troubling that the two front runners have pulled out of contention for the job of New York Fed president. This reluctance fits something of a disturbing trend, the article asserts, with all the members of George…
How Independent are Arab Central Banks?
An article in the Middle east Financial Network says that one way to measure the independence of a central bank is to consider the period of the governor's term and how often it is renewed. A number of Arab central bank governors and their deputies, it…
Advisor to UK chancellor says scrap Stability Pact
In a paper published on Monday 19 May in the Oxford Review of Economic Policy abd reported in The Times, Michael Artis, an economics professor who provided technical input for some of the 18 euro studies sent to the UK Cabinet this weekend, and…
Visa starts court case against RBA over reforms
On Monday 19 May Visa International began legal action in court against the Reserve Bank of Australia, claiming that the RBA did not have the power to undertake sweeping reforms of Australia's credit card industry, according to Associated Press.
G7 names Fed's Ferguson to head G7 stability forum
The G7 announced on Saturday 17 May that it had named Federal Reserve Vice Chairman Roger Ferguson as the new head of the Financial Stability Forum, according to Reuters
Lebanon c bank to launch electronic bank service
The central bank of Lebanon announced the launch of secure electronic banking and information for Lebanon (SEBIL) on Friday 16 May, reports the Middle East Financial Network. The new system provides identification authorization, cryptographic services,…
New York Fed may get interim president
The Federal Reserve Bank of New York may install an interim president if a permanent replacement cannot be found immediately, according to the Financial Times. Pete Peterson, chairman of the Bank said "This is an important job in the system and we're…
Bank of Korea appoints new deputy governor
The Bank of Korea has promoted Assistant Governor Lee Seong-tae to deputy governor, reports the Yonhap news agency. He replaces Park Cheul who resigned voluntarily before the expiry of his tenure in July.
Report says Serb c bank governor's days numbered
A report published by Vesti claims "the Serbian National Bank bill will be tabled in the Serbian Parliament in a few days time, and according to its decrees there isn't the remotest possibility that the current governor could retain his position".
New Chinese banking panel to focus on loan reform
The newly established China Banking Regulatory Commission has revealed its priorities will be to reduce the NPL ratios at commercial banks and quicken reform at state-owned commercial banks, says The China Daily.
C bank chief - Mexico will meet inflation target
The governor of Mexico's central bank, Guillermo Ortiz, has said the country's 3 percent inflation target for this year is be met within a 1 percent range either side, according to Bloomberg News
Bank of Latvia - Annual Report 2002
The Bank of Latvia has published its Annual Report for the year ended 2002.
Fed's Ferguson on inflation expectations
In a speech on 'Expectations' Roger Ferguson of the Federal Reserve said the most important potential contribution of monetary policymakers is to anchor inflation expectations so that private-sector decisions can be made as efficiently as possible.
Solans on importance of Eurostat for ECB policy
In a speech on 'The importance of Eurostat for the monetary policy of the European Central Bank' Eugenio Domingo Solans of the ECB said he would like to thank the European Statistical System very much for its support of the ECB's monetary policy. "I wish…
Central Bank of Brazil - Annual Report 2001
The Central Bank of Brazil has published its Annual Report for the year ended 2001.
Central Bank of Armenia - Annual Report 2001
The Central Bank of Armenia has published its Annual Report for the year ended 2001.
Fed's Ferguson to head G7 stability body-G7 source
Federal Reserve Vice Chairman Roger Ferguson will be named the new head of the Financial Stability Forum this weekend, Reuters reports. A G7 source apparently said on Thursday "It will be Ferguson" when asked about the appointment, according to a Reuters…
IMF chief-Germany can still reach 0.5 pct growth
IMF chief Horst Koehler suggested on Thursday 15 May that the ECB had further room for rate cuts as inflation was not a problem for Germany or the other eurozone countries, according to Reuters. He also said that Germany still has a chance of reaching…
Brazilian bill paves way for central bank autonomy
A bill was approved on Thursday May 15 which allows changes to the legal framework of Brazil's financial system and could see more autonomy for the central bank, according to a Reuters report. The vote, which was carried with a 97% majority in favour,…