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Speech by Governor, State Bank of Pakistan, 10 Jun
SPEECH - In the speech titled 'Is State Bank of Pakistan doing its job?' Husain said since July 2001 Pakistan has been able to maintain stability in its exchange rate. Had the country not developed the cushion of reserves that it has, there was a strong…
UK Treasury Press Release
PRESS RELEASE - Chancellor and Sir Edward George pledge more money for Commonwealth Education Fund, 24 September. Chancellor Gordon Brown, and Governor of the Bank of England Sir Edward George, today announced the auction of low-numbered £5 banknotes,…
MAS issues new risk-based capital requirements
SINGAPORE - With effect from 1 October 2002, holders of Capital Markets Services (CMS) licences will be subject to new risk-based capital requirements under a subsidiary legislation of the Securities and Futures Act 2001.
Payments operation to start in Serbia, Montenegro
YUGOSLAVIA - Yugoslav National Bank Governor Mladjan Dinkic has announced setting up of the payments operations system between Serbia and Montenegro soon.
Poverty too high says head of Trinidad's c bank
TRINIDAD - The governor of the Central Bank of Trinidad and Tobago, Ewart Williams, says while the country has experienced economic growth over the last eight years, not enough had been done to improve the quality of life for its citizens.
Bank of Albania brief gov't on money launder fight
ALBANIA - Bank of Albania governor Shkelqim Cani reported in a hearing session in parliament on 23 September, evening, on measures undertaken from the Central Bank, concerning the war on money laundering, as one of the most important means of the war on…
India's central bank opens note exchange centres
INDIA - The Reserve Bank of India has opened centres for the exchange of soiled notes at its three branches in Mumbai.
Thai central bank puts loans case to Basel panel
THAILAND - The Bank of Thailand has asked member countries of BIS Basel Committee to curtail loans to hedge funds, according to Thirachai Phuvanatnaranubala, the central bank's deputy governor overseeing stability of financial institutions.
Germany 'at risk of breaching deficit limit'
GERMANY - The Bundesbank yesterday warned that Germany was at risk of breaching the European Union's 3 per cent deficit limit this year and cast doubt on its chances of balancing its budget by 2004.
JGBs up as BoJ buying prompts short-covering
JAPAN - Japanese government bonds rebounded on Tuesday amid bargain-hunting following last week's tumble and as sentiment improved following a successful bond-buying operation by the central bank.
Reserve Bank's new target divides economists
ARTICLE - As widely expected, the policy targets agreement between the Government and new Reserve Bank Governor, Dr Alan Bollard, has been amended to require him to keep inflation in a 1 to 3 per cent band "on average over the medium term".
Business Survey Barometer August 2002
REPORT - The National Bank of Belgium's Business Survey Barometer for August 2002 stabilised in August after declining in the previous two months.
Transparency at the IMF
REPORT - A Factsheet published by the International Monetary Fund on 20 September 2002.
Speech by H Kohler, Managing Director, IMF, 19 Sep
SPEECH - In a speech titled 'Investing in Better Globalization' Kohler said the global economy has shown remarkable resilience in the face of multiple shocks over the past two years but that risks to the global economic outlook today are clearly tilted…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 8 and 9 August 2002, released 24 September. On the current state of Japan's economy, members concurred that despite persistent weakness in domestic demand and increasing uncertainty…
Bank of Japan Monthly Report, September 2002
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, September 2002, on 20 September. In its report the Bank of Japan left its assessment of the Japanese economy unchanged for the second consecutive month…
Speech by Hermann Remsperger, Bundesbank, 23 Sep
SPEECH - In the speech titled 'Economic outlook and economic policy challenges for Germany' Remsperger said the planned enlargement of the European Union is certainly a challenge. The negotiations which are currently being conducted with 12 countries,…
Speech by Eugenio Domingo Solans, ECB, 17 Sep
SPEECH - Domingo Solans said in a speech titled 'European financial integration and stability' that the introduction of the euro has changed the terms of reference on which an appropriate solution for the best framework for banking regulation and…
Speech by T P Naranubala, Bank of Thailand, 28 Jun
SPEECH - In the speech titled 'Preparing for Rapid Growth' Naranubala said that this year we are seeing most South East Asian economies firmly back on the path of recovery. They are poised to regain their growth potentials. He adds that uckily, the…
Bank research casts doubt on MPs' scrutiny
UK - Bank of England staff have investigated whether parliamentary scrutiny is as onerous in other countries after being wounded by the ferocity of parliamentary confirmation hearings for those nominated to the monetary policy committee.
Iranian c bank head denies excessive bank debts
IRAN - Governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh has said that the CBI's liabilities do not exceed 21bn dollars.
Turkmenistan central bank chief sacked
TURKMENISTAN - Turkmenistan's President Saparmyrat Nyyazow on Friday dismissed the chairman of the central bank "for abuse of office and in connection with criminal proceedings against him".
Central Bank of Costa Rica installs .NET
COSTA RICA - The Central Bank of Costa Rica has migrated its interbank electronic payments and transaction system (SINPE) to Microsoft Corp.'s .NET technologies.
BoE's George says euro could help UK manufacturing
UK - Bank of England governor Sir Edward George said in Birmingham, England on Friday that the British manufacturing industry could benefit if the government opted to join the single European currency.