Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Poll shows UK public would defy gov't euro support
UK - Public opinion would remain opposed to Britain joining the euro - even if the government recommended it, according to the latest opinion poll from NOP.
Sectors fared well - Oman's c bank annual report
OMAN - The non-petroleum sectors in Oman recorded significant growth in 2001, according to the Central Bank of Oman's annual report.
New Basle norms favour SME lending - Brazil
BRAZIL - New Basle norms that will be applied in Brazil and other developing countries in 2006 will loosen reserve requirements for banks lending to small- and medium-sized enterprises (SMEs), Brazilian daily Panorama Brasil reported on Tuesday.
Principles that should apply to Trichet nomination
LETTER - Letter published in the US edition of the Financial Times, 24 July, from Prof Irene Finel-Honigman.
Euro members told not to over inflate accounts
GERMANY - European countries which have ditched their national currencies in favour of the euro have been told they cannot use unreturned national cash to improve their budgets.
BOK to focus monetary policy on stock market
SOUTH KOREA - Korea's central bank will conduct its monetary policy with the goal of stabilizing local stock markets, the banks chief has said.
CCE to move US$10mn this year - Peru
PERU - Peru's electronic payment association (CCE) expects its online wire transfer and credit card payments facility to move US$10mn this year, Peruvian daily Gestion reported on Tuesday.
What the boss is for
ARTICLE - When Alan Greenspan, chairman of the US Federal Reserve Board, observed in a recent speech that "the CEO-dominant paradigm will likely continue to be viewed as the most viable form of corporate governance", he stepped into a minefield claimed…
Uruguay may name economist as central bank chief
URUGUAY - Julio De Brun, an economist who heads the state-run National Development Corporation, is likely to be named president of the country's central bank, a government official said on Tuesday.
Uruguay's economy minister resigns
URUGUAY - Uruguay's Economy Minister Alberto Bension has resigned after losing the support of parts of the ruling coalition government. The board of the country's central bank - which is headed by President of Uruguay Jorge Battle's cousin - is also…
China vows to keep exchange rate stable
CHINA - According to a news release issued by the People's Bank of China on Tuesday, the central bank's Monetary Policy Committee unanimously agreed at a recent meeting that the exchange rate of renminbi should be kept stable in the near term.
Thai central bank keep rates unchanged
THAILAND - The central bank's Monetary Policy Committee yesterday kept short-term interest rates unchanged, noting that recent data pointed to steady recovery in manufacturing and consumption.
Tajikistan, US government sign finance agreement
TAJIKISTAN - The ceremony of signing a memorandum of understanding took place between the US government and the National Bank of Tajikistan in Dushanbe yesterday, Monday.
Kyrgyz president and SNB head discuss banking
KYRGYZSTAN - On Tuesday Kyrgyz President Askar Akayev received the president of the Swiss National Bank, Jean-Pierre Roth, who was visiting Kyrgyzstan's capital, Bishkek.
Deutsche Bundesbank Monthly Report, June 2002
REPORT - Germany's central bank has published its Monthly Report for June 2002. The report says the stabilising of the German economy as a whole led into a slight recovery in the first quarter of this year but that the upturn in the first quarter was not…
Central Banker, Summer 2002
REPORT - The Summer 2002 edition of the St. Louis Fed's Central Banker magazine has been published. This edition includes articles on why the St. Louis Fed was chosen as the No. 1 Treasury check-processing site and asks What can banks do to better manage…
Bank of Japan Semi-annual report 2001
REPORT - Semiannual Report on Currency and Monetary Control Second Half of Fiscal Year 2001, Bank of Japan, 23 July. The report says that although Japan's economy deteriorated in the second half of 2001 this has slowed somewhat and overseas economies…
IMF Survey, July 2002
REPORT - In the latest issue of its survey the International Monetary Fund announce the advisory panel appointed for Argentina, discuss the outlook for the euro-area economy and report on a Working Paper, Making the transition to inflation targeting.
Bank of England Working Paper
RESEARCH - Financial liberalisation and consumers' expenditure: 'FLIB' re-examined by Emilio Fernandez-Corugedo and Simon Price.
ECB Press Release
PRESS RELEASE - Publication of "Measurement issues in European Consumer Price Indices and the conceptual framework of the HICP", 22 July.
Trichet affair could hurt euro, says EC president
GERMANY - European Commission president Romano Prodi said in a newspaper interview Saturday that the legal problems of French Central Bank Governor Jean-Claude Trichet, tipped to become the next head of the European Central Bank (ECB), could pose a…
RBI - Efforts needed to safeguard information
INDIA - The provision of adequate security has assumed urgency in banks and continuous and concerted efforts have to be made to safeguard information and information systems, the Reserve Bank of India's Deputy Governor, Vepa Kamesan, said Saturday.
UAE central bank profits fall
UAE - A steep decline in interest rates slashed the net profits of the UAE central bank by nearly a third in 2001, reports Gulf News, but its deposits with other banks almost doubled, its balance sheet showed.
SA experts - Inflation targeting needs propagation
SOUTH AFRICA - While the Reserve Bank's inflation targeting is an appropriate and essential programme, it still is in need of more public knowledge and communication among the majority of South Africans, a gathering of professionals decided on Friday.