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Eurozone interest rates left unchanged
EUROPE - Interest rates in the 12-nation eurozone have been kept on hold as expected at a regular ECB meeting held Thursday.
Malaysian central bank's reserves at US$32.5 bn
MALAYSIA - Bank Negara Malaysia (BNM) said its international reserves stood at RM123.5 billion (US$32.5 billion) as at April 15 2002, which is sufficient to finance 5.5 months of retained imports.
Banks gets electronic clearing system
UGANDA - The Uganda Banker's Association (UBA) and Bank of Uganda have introduced an electronic cheque clearing system, to replace the manual system, a statement from the bankers has said.
South Africa Reserve Bank Press Release
PRESS RELEASE - Governor appointed as Professor Extraordinary to the Department of Economics at Stellenbosch University.
New governor appointed at Central Bank of Cyprus
CYPRUS - Cyprus has appointed Interior Minister Christodoulos Christodoulou as the new governor of its central bank. He replaces Afxentis Afxentiou who retired on 30 April.
Federal Reserve Board - Proposals for Comment
REPORT - Draft Guidelines for Ensuring and Maximizing the Quality, Objectivity, Utility, and Integrity of Information Disseminated by the Federal Reserve, 1 May.
Speech by Robert Parry, San Francisco Fed, 1 May
SPEECH - In the speech titled 'The Role of the Federal Reserve in the Economy' Parry attempts to answer some of the questions he says he often hears people ask, such as What's the Fed's role in the economy?, How does it function? and What can it do for…
Speech by J.C. Trichet of Banque de France, 23 Apr
SPEECH - Trichet said in a speech titled 'Asset Price Bubbles and their Implications for Monetary Policy and Financial Stability' that asset price developments are a serious cause of concern for central banks since they may impinge upon both price and…
Financial Sector Assessment Program
RESEARCH - 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, 2002.
Korea's forged bank notes soar in 1st quarter
SOUTH KOREA - The number of attempts to use counterfeit bank notes in the first quarter of the year increased dramatically in South Korea, due mainly to easier access to computer scanners and colour photocopiers it is reported.
European Central Bank Working Paper
RESEARCH - On currency crises and contagion ECB Working Paper No. 139, by Marcel Fratzscher, April 2002.
Bank of Estonia's profit smaller than last year
ESTONIA - President of the Bank of Estonia Vahur Kraft has said that last year the central bank earned an extraordinarily high profit on its foreign currency reserves, but this year would be much more modest in that respect.
China's c bank steps up supervision on e-banking
CHINA - The People's Bank of China is requiring both local and foreign commercial banks to provide quarterly reports on their online banking operations in China, a PBOC notice issued on 23 April said.
Bush expected to name Fed nominees - Report
USA - U.S. President George W. Bush is expected to nominate Princeton economist Ben Bernanke and Federal Reserve official Donald Kohn to the central bank's board, sources apparently told Reuters on Tuesday. A White House spokeswoman on Tuesday declined…
Bahamas victor will face depressed economy
BAHAMAS - One outcome of tomorrow's general election in the Bahamas, an important offshore financial services centre, is certain: the Atlantic archipelago will have a new prime minister, and he will be faced with a period of economic uncertainty.
Mexico shows signs of end to recession
MEXICO - The Bank of Mexico on Tuesday raised its forecast for the country's gross domestic product growth this year to 1.8 per cent from 1.5 per cent, apparently confirming predictions that the economy is starting to follow the US out of recession.
Transcript of interview with Ernst Welteke
FEATURE - The FT spoke to Ernst Welteke, president of the Deutsche Bundesbank, on his visit to London on Monday 28 April. The interview was published on Wednesday and here we reproduce it in its entirety. He was sceptical about plans to publish the…
Brash walks into storm over interest rates
NEW ZEALAND - It did not take the New Zealand opposition's latest recruit - former New Zealand Reserve Bank governor Don Brash - long to learn that the rough and tumble of politics is a different world from the rarefied atmosphere of monetary policy…
Frenkel accused of claiming funds not due him
ISRAEL - Israel's state audit office said on Monday former Bank of Israel Governor Jacob Frenkel, who stepped down in 2000 after nine years in office, had claimed thousands of dollars not due to him. A spokesman for Frenkel in Tel Aviv dismissed all the…
Olson isn't saying what banks want to hear
FEATURE - Bankers' hopes were high in December when Mark W. Olson was sworn in as a member of the Federal Reserve Board but the American Banker reports, 1 May, that Mr Olson has provided the banking industry with nothing but tough love.
Central bank intervention and market expectations
RESEARCH - BIS Papers No. 10 by Gabriele Galati and Will Melick, April 2002.
Outlook and Risk Assessment, Economy and Prices
REPORT - Outlook and Risk Assessment of the Economy and Prices, April 2002 as determined by the Policy Board at the Monetary Policy Meeting held on 30 April 2002 by the Bank of Japan.