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Nigerian budget will hurt economy - Central bank
NIGERIA - The Central Bank of Nigeria (CBN) said Wednesday the country's 2002 budget would hurt the economy if it were implemented as it was passed by parliament.
Central bankers testify in Russian loans trial
RUSSIA - Tatyana Paramonova, first deputy chairman of the Central Bank of Russia, and former Central Bank Chairman Viktor Gerashchenko had to appear in an unaccustomed role as witnesses at Moscow's Zamoskvoretskiy Court in a criminal case concerning…
UAE central bank to sponsor global hawala meeting
UAE - The UAE Central Bank yesterday announced it is sponsoring an International Conference on Hawala to be held in Abu Dhabi on 15 and 16 May.
Duisenberg 'stands in' for the euro at awards
GERMANY - An awards ceremony, whose previous winners include Tony Blair and Helmut Kohl, gave Wim Duisenberg a chance to prove he is not just a self-effacing, mop-haired central banker, said the FT on Thursday.
UK interest rates kept on hold
UK - The Bank of England's monetary policy committee on Thursday voted to leave interest rates unchanged at 4 per cent, in a decision which underlined the fragility of the UK economic recovery.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 9 May.
ECB Monthly Bulletin, May 2002
REPORT - The European Central Bank published its April 2002 Monthly Bulletin on 9 May.
Speech by Wim Duisenberg, ECB President, 8 May
SPEECH - In a speech titled 'What are the political consequences of the euro?' Duisenberg said that money is one of the most powerful symbols of a common identity and it is now shared by the 12 European countries of the eurozone.
Turkmen leader sacks Central Bank chairman
TURKMENISTAN - Turkmen President Saparmyrat Nyyazow has dismissed the chairman of Turkmenistan's Central Bank, Seyitbay Gandymow, for allegedly embezzling state funds, appointing his relatives to lucrative posts and buying up land. Gandymow was also…
Audit firms to fight money laundering in the UAE
UAE - The UAE Ministry of Economy and Commerce intends to bring auditing companies operating in the country into an alliance with the Central Bank and other competent national organisations involved in a crackdown on money laundering and other financial…
BSP and BoT to cooperate on monetary policy
PHILIPPINES - The Bangko Sentral ng Pilipinas (Central Bank of the Philippines, or BSP) and the Bank of Thailand (BOT) have agreed to increase the amount of technical cooperation on monetary policy and banking supervision, BSP governor Rafael B…
Bush to announce nominations to fed board
FEATURE - With Federal Reserve Chairman Alan Greenspan likely nearing retirement, the White House is moving to significantly beef up the central bank's monetary expertise, The Wall Street Journal has reports.
ECOFIN to study banking supervision plans in July
BELGIUM - EU finance ministers will take a further look at banking supervision plans at their meeting in July, Spanish finance minister Rodrigo Rato and EU economic and monetary affairs commissioner Pedro Solbes have said.
Noyer - euro upside not just due to dollar value
GERMANY - European Central Bank vice president Christian Noyer said the overvaluation of the US dollar on the currency markets is not the only reason why he is confident about the euro's upside potential.
Poland's c bank boosts reserves by $165m in April
POLAND - The announcement made by the National Bank of Poland (NBP), that it will boost reserves by $165m, signifies that Poland's reserve assets on the last day of April accounted for $27,224bn and were $660m higher than on 31 December 2001.
Public questions large bank notes in Taiwan
TAIWAN - With Taiwan set to issue its first-ever NT$2,000 bank note on 1 July, consumers gave the new currency the thumbs down yesterday reports the Taipei Times on Wednesday.
US rates left on hold - for now
US - The US Federal Reserve has left interest rates unchanged at their current 40-year low of 1.75%, citing 'uncertain' growth prospects in the coming months.
Australia's reserve bank raises interest rates
AUSTRALIA - Australia's central bank has raised interest rates for the first time in almost two years in a bid to curb inflation and protect its booming economy.
Joint IMF and World Bank report
REPORT - Financial Sector Assessment Program-Experience with the Assessment of Systemically Important Payment Systems prepared by the Staffs of the International Monetary Fund and the World Bank, 19 April.
BIS Press Release and Full Publication
PRESS RELEASE - BIS consolidated international banking statistics for the fourth quarter of 2001, 8 May.
Reserve Bank of Australia Report
REPORT - Chart Pack - A Collection of Graphs on the Australian Economy and Financial Markets, 3 May.
Reserve Bank of New Zealand News Release
NEWS RELEASE - New support provider for Austraclear/ESAS, 8 May.
Statement by RBA Governor, Ian MacFarlane
MEDIA RELEASE - Statement from the Reserve Bank of Australia, 8 May.