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Fraga wants to revoke 500 Finance System norms
BRAZIL - Central Bank President Arminio Fraga said Tuesday that he plans to revoke at least 500 of the approximately 2,000 norms in the National Finance System (SFN) - rules to which Brazilian financial institutions are subject.
ECB gold reserves in 2 Nov week
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 2 November, the European Central Bank said Tuesday.
RBI to get real time gross settlement system, RTGS
INDIA - Logica India, the Indian subsidiary of UK-based computer services group Logica Plc, on Tuesday said it had been awarded a $16 million contract from the Reserve Bank of India (RBI) to implement a national real time gross settlement system (RTGS).
National bank reserves grew in Kazakhstan
KAZAKHSTAN - Net international reserves of the National Bank of Kazakhstan grew by 6 percent or $146.8 million in October.
FOMC: 'Mild and short contraction' of US econ seen
US - Federal Reserve policymakers expect a "relatively mild and short" U.S. recession, but they're inclined to keep cutting interest rates to banish the prospect of a nastier downturn, minutes of their recent policy meetings suggest.
EU bid to shake up securities markets delayed
EUROPE - The European Union's bid to speed regulatory reform in securities markets faces new delays after the European parliament yesterday called on its constitutional affairs committee to produce a report on how the controversial plans affect member of…
Latvian central banker Repse cleared of corruption
LATVIA - While finding no anti-corruption violations in actions by Bank of Latvia president in announcing one-time collection of donations as royalties he would receive for heading a new right-wing party, the Prosecutor General's Office though warned him…
RBI nominee directors to handle risk management
INDIA - Following adverse criticism in the Lok Sabha of the role of RBI and government directors on bank boards, the ministry of finance has decided to concentrate on risk management skills of nominee directors of Reserve Bank of India and the government…
Litas banknotes well protected - experts
LITHUANIA - The Lithuanian national currency banknotes have more security features than the new E.U. currency, the euro, the central Bank of Lithuania said following visit by experts from the National Bank of Belgium.
Martin brushes off claims of central bank conflict
CANADA - Finance Minister Paul Martin brushed away suggestions yesterday that he was trying to undermine the independence of the Bank of Canada with comments this week about the bank needing to take action.
ECB decide on new rate setting schedule for future
EUROPE - Currency market participants welcomed Thursday the European Central Bank's decision to start limiting its interest rate decisions to once a month.
Canada's Dodge - Bank still has room to manoeuvre
CANADA - Bank of Canada Governor David Dodge said Wednesday that a high degree of uncertainty continues to hang over the Canadian economy, which is likely to remain weak for much of the next year.
ECB lowers interest rates to 3.25%
EUROPE - The European Central Bank (ECB) has slashed its key interest rate by half a percentage point to 3.25%, its fourth cut this year and bigger than many economists had dared to hope.
Bank of Canada semi-annual Monetary Policy Report
REPORT - The Bank of Canada yesterday, Wednesday, released its semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.
Speech by David Dodge, Governor of Bank of Canada
SPEECH - Opening Statement by David Dodge, Governor of the Bank of Canada before the House of Commons Standing Committee on Finance 7 November.
ECB Press Release - Monetary policy decisions
PRESS RELEASE - European Central Bank press release on interest rate decisions, 8 November.
Bank of England cuts rates by 0.5%
UK - The Bank of England on Thursday cut Britain's interest rates half a point, taking its key repo rate to a 37-year low of 4.0 percent, in a bid to insulate the country from the threat of global recession.
News release from the Bank of England
NEWS RELEASE - Bank Of England Reduces Interest Rates by 0.50% to 4.0%, 8 November.
IMF Staff Report on Germany
REPORT - IMF Publications Germany: 2001 Article IV Consultation--Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion Series, 7 November.
IMF sees continued gloom for Germany
GERMANY - The German economy should recover from its slowdown in the first half of next year, but business confidence is frail and the government has little room to pursue fiscal expansion, the International Monetary Fund said yesterday, Wednesday.
Argentina inches closer to debt deal
ARGENTINA - Argentina has edged closer to settling a debt swap deal to save it from defaulting on its international borrowings and effectively going bankrupt.
Glenn Stevens tipped as new RBA dep gov
ARTICLE - Reserve Bank of Australia Assistant Governor Glenn Stevens is the clear favorite among a small field of contenders to fill the shoes of Deputy Governor Stephen Grenville, who retires 30 November.
Selection of Russia's central bank auditor
RUSSIA - During a meeting of the Duma commission for the choice of an auditor for the Central Bank, deputies failed to choose between a Western or a Russian company and to decide whether two companies or one should audit the Central Bank.
Armenia central bank puts silver coins into system
ARMENIA - The Central Bank of Armenia has put into circulation 170 silver and 30 gilded coins with denomination of 100 AMD on 6 November 2001.