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New York Fed still interviewing for new president
After two of the leading contenders for the New York Fed presidency withdrew from the race the bank has said it plans to continue interviewing candidates in the next week or so until "we find somebody we really like", Reuters reports.
US traces bulk of Iraqi central bank funds
Agence France-Presse reports that senior US Treasury official John Taylor said on Thursday 15 May,that the United States had identified most of the close to $ 1 billion, "We are getting more and more confirmation that the large bulk of those funds have…
BOG launches Interbank Settlement System
The central bank of Ghana (BOG) launched the Ghana Interbank Settlement (GIS) System on Thursday, reports GhanaWeb, with the governor of the BOG calling it the most efficient inter-bank money market in the West African Sub-Region.
Central bank websites smarten IT up
Central banks have been fairly quick to use the internet and most now have their own websites. Several central banks including Spain, Brazil and Norway have recently relaunched their sites with added features and more information available. The Bank of…
Cleveland Fed Banking and Payments Workshop
The Federal Reserve Bank of Cleveland's Central Bank Institute is holding a Banking and Payments Workshop from 19-21 May. Contributors are a mix of academics and central bankers with discussions including 'The ABCs of Money and Banking', 'Money in a…
Bank of Japan makes legal reserves application
The Bank of Japan applied to the Minister of Finance on 15 May to retain an extra ten-hundredths of its net income, as the legal reserve for Fiscal 2002.
Freedman on financial stability
In a speech on 'Financial Stability: National and International Issues' Charles Freedman of the Bank of Canada discussed recent developments in the area of financial stability -i nternational and national.
Philadelphia Fed Business Outlook Survey, May 2003
The region's manufacturers report weaker activity for the second consecutive month in April's Business Outlook Survey from the Philadelphia Fed. Indexes of general activity, new orders, and shipments all declined this month. Firms surveyed also reported…
Bank of Canada Review, Spring 2003
The Bank of Canada published its Review for Spring 2003 on 15 May. The Review contains articles titled The Bank of Canada: Moving Towards Transparency, Inflation Targeting and Medium-Term Planning: Some Simple Rules of Thumb, Conference Summary: Price…
Bank of Finland - Annual Report 2002
The Bank of Finland has published its Annual Report for the year ended 2002.
Central Bank of Luxembourg - Annual Report 2002
The Central Bank of Luxembourg has published its Annual Report for the year ended 2002.
Bank of Israel - Annual Report 2002
The Bank of Israel has published its Annual Report for the year ended 2002.
Fed Reserve Bank of Cleveland - Annual Report 2002
The Federal Reserve Bank of Cleveland has published its Annual Report for the year ended 2002.
National Bank of Belgium - Annual Report 2002
The National Bank of Belgium has published its Annual Report for the year ended 2002.
Colombian President wants c bank to halt peso rise
The president of Colombia has called on the central bank to halt the pesos rise against the US dollar to promote economic recovery through a more competitive exchange rate, according to a Reuters report.
Minister locked in car misses speech at Thai cb
Thailand's finance minister, Suchart Jaovisidha, was on his way to address central bank officials from around the world when his state-assigned BMW stalled and locked him in the car, according to a report by CNETAsia.
Banking returns to normal in the Solomon Islands
Trading has resumed at major banks in the Solomon Islands, reports Radio Australia. The central bank has reopened and reports say that long queues have formed at some banks. The moves came after organisers of the collapsed pyramid scheme run by the…
BOK Governor suggests NE Asian economic bloc
The governor of the Bank of Korea Park Seung has said that the Northeast Asian nations should beef up economic cooperation in the region in keeping with the global trend toward regional economic blocs, according to the Korea Times
UK think-tank urges 'stay out of the euro'
An influential think-tank published a report on Thursday 15 May saying that Britain should stay out of the euro as the policies of the European Central Bank and the inadequacies of the stability and growth pact present a real barrier to UK entry,…
ECB predicts eurozone recovery
In its May bulletin published on Thursday 15 May, the ECB said "Looking ahead, a gradual strengthening of real GDP growth is expected to start later in 2003 and to gather more pace in the course of next year", according to the Financial Times
U.S. Treasury remakes $20 to stop counterfeiters
The new US $20 note unveiled by the Bureau of Engraving and Printing on Tuesday includes the first change in the colour of U.S. currency in almost a century, Reuters reports
Upbeat on the UK, downbeat on Europe
Unveiling the Bank of England's May 2003 Inflation Report on Thursday, Mervyn King was upbeat about prospects for UK economic growth and inflation. The Bank predicts that growth will pick up to trend and inflation will fall to remain close to its target…
Costello hints at new term for RBA's Macfarlane
Australian Treasurer Peter Costello gave a strong hint Reserve Bank (RBA) governor Ian Macfarlane would be appointed to lead the central bank for another term, according to The Age newspaper. Mr Macfarlane's term is due to expire on September 17.
UK to announce euro entry decision on 9 June
The announcement over whether the UK has passed the five euro entry tests will be made on 9 June, according to the Financial Times and other newspapers. In what some reports called a dramatic announcement there will now be a decision-making process…