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South African banks move to restore trust
SOUTH AFRICA - A review of governance of South Africa's five major banking groups will be undertaken, Registrar of Banks Christo Wiese said on Wednesday.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Reserve Bank pauses, OCR held at 5.75 per cent, 14 August.
Iraq's central bank governor details new bank note
ARTICLE - Iraq's central bank Governor Dr Isam Rashid Huwaysh has explained the bank's decision to issue a 10,000-dinar banknote, in an interview with the Al-Rafidayn web site.
Iran's economy minister threatens to resign
IRAN - Iran's Minister of Economy and Financial Affairs Tahmasb Mazaheri has threatened that he would resign if the Governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh is not removed from office, press reported Wednesday.
Uruguay's central bank to begin deposit return
URUGUAY - Uruguay's government will begin returning deposits on Wednesday to clients of suspended banks Banco Montevideo, Caja Obrera, Comercial and de Credito, the central bank said in a statement.
Russian PM says central bank to continue float
RUSSIA - The central bank and the government of Russia will ensure the stability of the rouble rate in 2003, but the rouble rate should correspond with economic development, Prime Minister Mikhail Kasyanov said at a government session on Wednesday.
Spanish cen bank launches early retirement scheme
SPAIN - Banco de Espana, Spain's central bank, is to offer an early retirement scheme to employees of 50 years of age or older who work at the 30 branches across Spain to be closed down.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting, 31 July and 1 August 2002. The minutes showed members of the Bank of England unanimously voted to leave interest rates on hold at the 31 July-1 August meeting. The members…
Bank of Canada Review, Summer 2002
REPORT - The Bank of Canada Review is a quarterly publication that contains four economic commentary and feature articles. The Bank issued its Summer 2002 Review on 13 August.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent, 13 August.
Crunch time for US economy as Fed ponder rate move
US - An indicator of US economic health will come today, as the Federal Reserve is due to announce its latest monthly interest rate decision.
Surprise rise for UK inflation seen
UK - UK inflation has risen higher than expected, casting doubt on the need for another interest rate cut.
Liberalising our exchange controls
ARTICLE - At the recently-held public/private sector consultation on economic and related issues, Governor of the Central Bank of Barbados, Dr. Marion Williams presented a paper on Barbados' response to the liberalisation of trade in financial services.
China's central bank defends ATM fees
CHINA - The central bank has defended a decision by commercial banks to charge customers for taking money out of automatic telling machines (ATMs) belonging to outlets that are not of the card issuers.
India's central bank may face terrorist threat
INDIA - Amid threats from Pakistan-based militant outfits, the toughest-ever security arrangements are being put in place to ensure a trouble-free Independence Day in India.
Check-truncation talks today
US - Senate House Financial Services Committee staff are scheduled to meet today with bank and consumer groups to seek common ground on check-truncation legislation.
NZ business leaders happy with inflation policy
NEW ZEALAND - Most of the country's top business people see no need to alter the way the Reserve Bank administers monetary policy.
Stagnation warning from Poland's central bank
POLAND - GDP increases and the business climate will remain low in the third quarter of the year while economic growth will be buoyed by exports, the Polish National Bank said in a business climate research report released on Tuesday.
The role of the Deutsche Bundesbank
RESEARCH - 'The role of the Deutsche Bundesbank in the European System of Central Banks' by Hermann Remsperger, Deutsche Bundesbank, Accepted 1 February 2002.
Don't blame Brazil
ARTICLE - In an article in the Financial Times on Tuesday, George Soros suggests that the market's reaction to the IMF's $30bn rescue package in Brazil shows that a new approach is needed.
Brazil's central bank to aid troubled companies
BRAZIL - Brazil's central bank chief on Monday pledged to lend money to embattled Brazilian companies as concern grew about the success of the International Monetary Fund's $30bn (£19bn) loan package.
MAS Press Release
PRESS RELEASE - MAS Seeks Public Comment on Guidelines for Retail Hedge Funds, 13 August.
Bank of Japan Monthly Report, August 2002
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, August 2002, on 13 August. In its report the Bank of Japan said the outlook for exports had become more uncertain due to unstable global stock markets…
Economic and Financial Policy Review, Vol 1, No 2
PUBLICATION - 'Banks Venture into New Territory' by Kenneth J. Robinson, Senior Economist and Policy Advisor, Federal Reserve Bank of Dallas, Volume 1, Number 2, 2002.