Monetary Policy
Sin on development of Singapore's capital markets
In a speech on 'Development of Singapore's capital markets' given on 26 July, Ng Nam Sin of the Monetary Authority of Singapore said Singapore's debt capital market is an important part of our financial system. Continuous innovation in the markets will…
No stocks bought by BOJ in late July
Data released on Tuesday 3 August showed that the Bank of Japan did not buy any stocks from domestic banks in late July.
Bundesbank adopts Autonomy data package
The Deutsche Bundesbank is to deploy technology from Autonomy to run an advanced information retrieval system for 12,000 employees.
Brazil's cb has 'autonomy' on rates:, Palocci
Brazil's President Luiz Inacio Lula da Silva gave the central bank power to set interest rates as it sees fit to control inflation, said Antonio Palocci, Brazil's finance minister, in an interview with the Epoca newsmagazine.
Inside help suspected in IMF, World Bank threat
US counter-terrorism officials have told officials at the World Bank and International Monetary Fund that they think plans for a possible attack on the two financial institutions were so detailed that terrorists must have had inside help, the New York…
IRAQ'S NEW CENTRAL BANK
In April 2003 the central bank of Iraq was reduced to rubble. Its offices were ransacked, its records burnt, its vaults partly flooded (it sits on the banks of the Tigris), and its governor had fled. One of Saddam Hussain's sons had taken about $1…
Hoenig on US monetary policy, economic outlook
In a speech on 'Monetary policy and the economic outlook' given on 26 July, Thomas Hoenig of the Federal Reserve Bank of Kansas City said recent U.S. economic performance has been good. Growth has been strong, inflation has been low, and even the labour…
Bundesbank's Weber on sixty years of Bretton Woods
In a speech on 'Sixty years of Bretton Woods: back to the future?' given on 23 July, Axel Weber of the Bundesbank said over the years the IMF has repeatedly expanded its policy of lending to debtors that are in arrears to the private sector (LIA policy)…
Dallas Fed's McTeer on transparency
In a speech given on 13 July Bob McTeer of the Federal Reserve Bank of Dallas said that Europe seems to be doing better economically, but what it greatly needs are economic reforms - especially labour market reforms-to give them good job growth.
Bank of Thailand - Annual Report 2003
The Bank of Thailand has published its Annual Report for the year ended 2003. The Thai economy expanded well in 2003, growing by 6.7 percent which was higher than that of 5.4 percent in 2002. The main impetus to growth came from the continued increases…
Australian PM says no case for rate rise
Australian Prime Minister John Howard said that there is no case for an interest rate rise. The Reserve Bank of Australia was due to hold a Board Meeting on 3 August, with most analysts expecting interest rates to remain unchanged.
Century-old vault to be opened to Japan's public
The Bank of Japan will open its oldest underground vault to the public for the first time on 3 August at its headquarters in Tokyo.
Hungary holds key interest rates steady
The National Bank of Hungary left its key interest rates unchanged at 11.5 per cent on Monday.
Snow reassures after IMF, World Bank terror threat
US Treasury Secretary John Snow sought to calm nerves on Monday 2 August following newly disclosed terror threats against the U.S. financial institutions including the IMF and World Bank in Washington.
Brazil's Candiota resigns, Meirelles to stay on
Luiz Candiota resigned as director of monetary policy at the Central Bank of Brazil on Wednesday 28 July following allegations in the press of tax evasion. Central bank president Henrique Meirelles has also denied allegations that he avoided paying taxes…
Miner and central bank to share giant diamond
The young miner in the West African state of Guinea who, as we reported last week, found a near-flawless 182 carat diamond will share the value of the sparkler 50/50 with the central bank of Guinea.
Goeltom new Bank Indonesia senior deputy governor
In a ceremony at the Bank Indonesia Head Office in Jakarta this week, the Governor of Bank Indonesia Burhanuddin Abdullah presided over the formal handover of the position of Senior Deputy Governor Anwar Nasution to Miranda Swaray Goeltom.
Kenya cb suspends eight over missing notes
Eight members of staff at the central bank of Kenya (CBK), including two departmental heads, are under suspension after at least Sh10 million to-be-discarded notes were believed to have escaped the incinerator, The Nation in Nairobi reported this week.
Report says Mauritania's central bank chief sacked
A report by IRIN news.org special to The Daily Star said on Wednesday 28 July that Mauritania's President Maaouiya Ould Taya had sacked the entire economic team of his government the previous Sunday. It was followed by the sacking of the central bank…
Federal Reserve Board - Beige Book, July 2004
The Federal Reserve released its July 2004 Beige Book survey on 28 July. The report said the US economic expansion is showing some signs of moderating as consumer spending brakes.
Central Bank of China - Annual Report 2003
The Central Bank of China has published its Annual Report for the year ended 2003. Taiwan's economic performance experienced a slowdown in the first half of 2003, the report says, as concerns about the US-Iraq War and the outbreak of SARS in East Asia…
BoE wins appeal on limiting legal privilege
The Bank of England won an appeal on Thursday 29 July against rulings that restrict the confidentiality of a lawyer's contact with clients. The British government and Law Society had supported its claim that the Court of Appeal erred in its rulings on…
Common West African central bank by July 2005
A common central bank for the five West African countries, Nigeria, Guinea, Ghana, Sierra Leone and The Gambia will have begun operations by July 2005, this article says. To be officially known as the West Africa Central Bank (WACB) the policy-guiding…
New Zealand's OCR increased to 6 per cent
The Reserve Bank of New Zealand increased the Official Cash Rate from 5.75 per cent to 6.00 per cent on 29 July.