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Egypt's Shura Council gives approval to bank law
The draft law of the central bank of Egypt on the banking sector and foreign currency has been approved by the Shura Council, according to a report by the MENA news agency.
Chile appoints Corbo as new central bank president
Vittorio Corbo has been named the new president of the central bank of Chile, reports Reuters. The decision made by Chilean President Ricardo Lagos comes after Corbo's appointment to the Board of the central bank in early April.
Solans on the ECB's Memorandum of Understanding
Eugenio Domingo Solans of the European Central Bank spoke of the close cooperation between the ECB and the European Commission (Eurostat) at the signature of the Memorandum of Understanding on Economic and Financial Statistics.
Moskow - Perspectives on Community Development
In a speech on 'Perspectives on Community Development' Michael Moskow of the Federal Reserve Bank of Chicago said we must be vigilant, creative and efficient in the way we conduct community development programs, learn from our mistakes and successes, and…
Bernanke - Will business investment bounce back?
In a speech 'Will Business Investment Bounce Back?' Ben Bernanke of the Federal Reserve said this recession is unique in being one of the few business-led-as as opposed to household-led-recessions of the post-World War II period. A strong recovery, he…
Repo rate left unchanged by Riksbank at 3.5%
Sweden's central bank left interest rates unchanged at its Thursday meeting citing the picture of future inflation it presented in the March Inflation Report as a major reason for the decision.
Greenspan may try for a fifth term as Fed chief
Alan Greenspan, chairman of the US Federal Reserve, said on Wednesday 23 April that he would accept another term as Fed chairman if nominated by the White House, according to Bloomberg News. "The president and I have not discussed this but I greatly…
'Work longer' says Bank of Greece's Garganas
Governor Nikos Garganas of Greece's central bank said on Tuesday 22 April that his people must learn to work more and that the retirement age should be raised, according to Kathimerini.
U.S. impressed with Brazil's anti-inflation stance
Brazil's central bank chief Henrique Meirelles met John Snow, the US treasury secretary, on Tuesday 22 April, according to Rreuters. Snow expressed support for Brazil's efforts at controlling inflation.
Iraq central bank described as a 'burned out husk'
A short report from Associated Press included details of the current state of the Central Bank of Iraq. The report said all nine floors of the central bank have collapsed.
Serbia, Montenegrin cbs sign cooperation agreement
The central banks of Serbia and Montenegro have signed an agreement pledging cooperation on bank control, according to the Tanjung News Agency
Russian cb calls for liberalisation of forex rules
Russia's central bank plans a gradual liberalisation of currency regulations, chairman Sergey Ignatiyev said on Tuesday 23 April, according to a report by the Iinterfax News Agency.
Blair to rule out early referendum on euro
A report in the Financial Times says a deal has been reached between the UK chancellor Gordon Brown and the prime minister Tony Blair on the issue of a referendum on the euro.
BoJ drawing up plan to bolster capital adequacy
The Bank of Japan is planning to ask the Finance Ministry if it can increase the level of its capital reserves to offset the adverse impact from a growing amount of stocks and other riskier assets, according to the Asahi Shimbun.
Boston Fed's Cathy Minehan on the economic outlook
In a speech to the Boston Economic Outlook Conference Cathy Minehan of the Federal Reserve Bank of Boston said while she expects that the national economy will regain momentum in the second half of the year and that investment, particularly in the…
Greenspan' reply to Bush re Fed appointment
Statement by Federal Reserve Chairman Alan Greenspan in response to the President's comments on his term in office, 23 April.
HKMA's Euro Clearing System goes live
The Hong Kong Monetary Authority's new Euro Clearing System will process its first transaction on 28 April. The key functions of the Euro Clearing System will include an interbank Real Time Gross Settlement (RTGS) system.
RBNZ lowers interest rates 0.25% amid slowdown
The Reserve Bank of New Zealand reduced its OCR rate to 5.50 per cent on 24 April. Speaking after the decision Reserve Bank Governor Alan Bollard said "With the passage of time, we are now more confident that inflationary pressures will ease, which is…
Federal Reserve Board - Beige Book, April 2003
The Federal Reserve Beige Book released on 23 April reported that the US economy remained becalmed during the war with Iraq, as geopolitical uncertainty and bad weather conspired to keep consumers at home.
P. Jenkins new deputy governor of Bank of Canada
In his opening statement at the launch of the Bank of Canada's Monetary Policy Report, David Dodge introduced Paul Jenkins, the new Senior Deputy Governor at the Bank. Dodge said his deep understanding of the bank and its staff, as well as economics,…
Bank of Canada Monetary Policy Report Apr.03
The Bank of Canada on Wednesday April 23 released its April 2003 Monetary Policy Report. In the report the bank cut its growth forecast for the year and said the potential impact of the SARS virus creates additional uncertainty for this country's economy…
RBZ staff boycott canteen over food quantity
Tensions are rising at the Reserve Bank of Zimbabwe after complaints about the food served in the staff canteen, according to All Africa News. Angry workers have called for the caters to be replaced after food portions were cut prompting the majority of…
Central Bank of Malta - Annual Report 2002
The Central Bank of Malta has published its Annual Report for the year ended 2002.
Bank of England minutes show 2 votes for rate cut
Minutes of the Bank of England's April meeting show two members of the MPC voted for interest rate cuts and the committee signalling next month's meeting could be crucial for the direction of interest rates, as members would have various new data…