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Hungary: Central bank rejects PM's plea on rates
HUNGARY - Zsigmond Jarai has said that the current rate of interest is appropriate.
Croatian, Indonesian central banks sign agreement
CROATIA - The HINA news agency in Zagreb reported on Monday that an agreement on understanding and cooperation between the Croatian and Indonesian central banks was signed at the Croatian National Bank on Monday during the visit of a delegation of Bank…
Mexico central bank set to shore up currency
MEXICO - The Mexican central bank is expected to tighten monetary policy on Monday to shore up support for the peso, which fell 3.5 per cent last week.
12th Int'l Conference of Banking Supervisors
PRESS RELEASE - Representatives of about 150 banking supervisory authorities from nearly 120 countries met in Cape Town on 18 and 19 September 2002. They were participating in the 12th International Conference of Banking Supervisors (ICBS) held at the…
Customer due diligence for banks
REPORT - Customer due diligence: a new level of commitment among bank supervisors. Basel Committee Publications, 19 September 2002.
Policy issues for central banks in retail payments
REPORT - This consultative report published 18 September explores policy issues for central banks that arise from current trends in retail payments markets. It puts forward four public policy goals for maintaining and promoting efficiency and safety in…
Speech by Edward George, Bank of England, 20 Sep
SPEECH - In the speech George described the recent volatility of international stock markets as "hugely frustrating" and said that it was "very difficult to predict" whether the advantages of membership of the euro outweighed the risks for Britain's…
Bank of England Quarterly Bulletin Autumn 2002
REPORT - Of particular interest in the Autumn Quarterly Bulletin, released Monday, are the articles 'Committees versus individuals: an experimental analysis of monetary policy decision-making' where a simple experiment with students apparently confirmed…
Speech by M R P Devakula, Bank of Thailand, 6 Mar
SPEECH - In the speech titled 'Outlook for 2002 and the Road Ahead' Devakula said we enter the year 2002 with more confidence. The Thai economy had most assuredly bottomed out last year. The latest released January economic figures point to more strength…
CentralBankNet Monday Special Feature
Each Monday in future CentralBankNet will run a special feature on a subject of topical interest. This week we look at the issues raised by Bill McDonough's recent speech deploring the excesses of US executive pay and ask: Is it the job of a central…
Speech by Governor, State Bank of Pakistan, 15 May
SPEECH - In the Governor's Interview on PTV Husain said "I would submit that the State Bank had introduced transparency to such an extent that we publish all the information/data in our Annual and Quarterly Reports and also put them on our website."
Article on Christopher Allsopp's speech
ARTICLE - The article 'Why deflation may yet destabilise the monetary policy regime' by Stephen King in the Independent newspaper on Monday looks at a recent speech by Bank of England MPC member Christopher Allsopp.
ECB's Quaden says Europe's economy struggling
BELGIUM - European Central Bank council member Guy Quaden said the economy is struggling to expand and higher oil prices may curb spending by companies and consumers.
China revises internal bank rules
CHINA - China's central bank introduced revised rules on the internal controls of commercial banks yesterday, in a further effort to reduce the possibility of financial risks.
Greenspan to get honorary knighthood on Thursday
US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.
Scotland to be first to print its own euros?
UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.
MasterCard follows Visa in RBA court challenge
AUSTRALIA - Like Visa, MasterCard revealed on Friday that it will appeal the Reserve Bank of Australia's proposed changes to the credit card system.
Japanese yields climb as bond auction fails
JAPAN - Japanese bonds headed for their biggest losing week in 3 years as a sale of 10-year government benchmark securities failed for the first time to attract sufficient bidders for the debt on offer.
Inflation target regime debated in South Africa
SOUTH AFRICA - Economists briefing Parliament's finance committee endorsed the country's inflation targeting regime on Friday, but offered conflicting advice on how to improve it.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - Monetary Policy Challenge winner announced, 18 September.
Speech by C Allsopp, Bank of England, 19 Sep
SPEECH - In the speech titled 'Macroeconomic Policy Rules in Theory and in Practice' Allsopp argued against using interest rates to burst asset price bubbles. "In my view, the most persuasive argument against using interest rates to moderate…
South African Reserve Bank Quarterly Bulletin
REPORT - The South African Reserve Bank has published its Quarterly Bulletin for September 2002. In the Bulletin the SARB report that deteriorating financial market conditions could dampen the global recovery. Falling stock market prices, through various…
Speech by Tito Mboweni, RB of South Africa, 18 Sep
SPEECH - In the speech Mboweni said South Africa is regarded as having a dual economy. On the one hand it is an emerging market with its fair share of challenges regarding economic growth, wealth distribution, and inflation. In particular, we face the…
Speech by Governor, State Bank of Pakistan, 28 Jun
SPEECH - In the Inaugural address at the Financial Sector Conference On Agriculture Husain said agriculture is by far the most important sector for Pakistan's economy. The forward and backward linkages to the rest of the domestic economy, to the…