Central Banks
New UK £20 'has raft of anti-fraud measures'
The Bank of England unveiled a new £20 banknote featuring the image of economist Adam Smith on Monday 30 October with a raft of improved anti-counterfeiting measures.
Sweden's Ingves on monetary policy
In the speech 'Introduction on monetary policy' given on 26 October Stefan Ingves of the Sveriges Riksbank said little by little economic activity in Sweden will enter a calmer phase.
Brazil's COPOM committee says inflation 'benign'
Brazil's central bank said in minutes from its last COPOM meeting released Thursday 26 October that inflation remains under control, paving the way for more interest rate reductions.
Nigeria's Soludo 'pressured' on foreign reserves
The governor of the Central Bank of Nigeria, Prof. Charles Soludo, has said he is under pressure from politicians to use the central bank's foreign reserves.
Plundering China's reserves
According to this article published Friday 27 October by The Wall Street Journal, with China's foreign-exchange reserves now close to the trillion dollar mark, calls to spend the money are coming fast and furious.
ECB's Bini Smaghi on monetary tightening
In the speech 'Three questions on monetary tightening' given on 26 October Lorenzo Bini Smaghi of the ECB said central banks face a difficult task in deciding when to stop tightening monetary policy.
Trichet on the ECB's Annual Report 2005
In a presentation of the ECB's Annual Report 2005 to the European Parliament on 26 October Jean-Claude Trichet of the ECB said reiterated that further tightening of ECB monetary policy will be warranted if the eurozone recovery continues in line with its…
Afghanistan's Delawari notes success on inflation
In an interview with Afghan state-run newspaper Anis, published Thursday 26 October, the acting president of Afghanistan's central bank said the central bank has been successful in keeping the value of afghani stable against foreign currencies and in…
RBNZ holds rates unchanged, Sweden hikes
The Reserve Bank of New Zealand left its official cash rate unchanged at 7.25 pct on Thursday 26 October reflecting slowing economic growth. Swedish interest rates were raised in a widely expected move.
Kenya launches automated trading systems of NSE
President Mwai Kibaki of Kenya has said the automation of the trading system will create more confidence in the country's capital markets and enable the government and the private sector to access long-term financial resources.
Fed's Lacker - rebel without a pause
This article published Wednesday 25 October notes that Richmond Fed president Jeffrey Lacker has become the first Federal Reserve policy-maker in eight years to dissent from his colleagues for three consecutive meetings.
Buba's Weber warns inflation fall is temporary
Bundesbank President Axel Weber said the current decline in inflation rate is temporary and does not necessarily signal a long-term easing of inflationary risks, according to an interview with Tagesspiegel newspaper published Wednesday 25 October.
Fiscal indiscipline eroding Swaziland's reserves
A recent report suggests that fiscal indiscipline by the government has eroded Swaziland's foreign reserves in the past years.
Atlanta Fed paper on cross-border banking
The Federal Reserve Bank of Atlanta Working Paper "Cross-border banking: Challenges for deposit insurance and financial stability in the European Union" examines the implications that alternative regulatory structures may have for resolving failed…
Optimal reserve levels in emerging markets
The International Monetary Fund Working Paper "The optimal level of international reserves for emerging market countries: Formulas and applications" presents a model of the optimal level of international reserves for a small open economy that is…
RBI's Reddy on payment and settlement systems
In the speech 'Payment and settlement systems - select issues' given on 20 October YV Reddy of the Reserve Bank of India said the RBI has formulated a 'Payment and Settlement Systems Vision' document for the use of banks, financial institutions as well…
Poland's Samoobrona wants presence in NBP
Poland's Self-Defence (Samoobrona) party will propose its candidate for the post of deputy head of National Bank of Poland and is likely to be the Under Secretary of State in the Labour and Social Policy Ministry, Polish News Bulletin reported Monday 23…
IMF's Rato proposes Murilo Portugal as deputy
Rodrigo de Rato, managing director of the International Monetary Fund proposed the appointment of Murilo Portugal to the position of deputy managing director on Monday 23 October.
Oman launches Clearing House solution
The Central Bank of Oman's Automated Clearing House Solution (ACH) has been completed, HP Middle East announced.
ECB paper on public sector procurement legislation
The ECB Working Paper "National central banks and Community public sector procurement legislation: a critical overview" finds that an examination of the Public Sector Procurement Directive reveals no substantive grounds on which to argue that NCBs should…
Tumpel-Gugerell on Europe's financial sector
In the speech 'Building the future - Integrating Europe's financial sector' given on 23 October Gertrude Tumpel-Gugerell of the ECB said the ECB will only pursue plans for its own securities settlement system if it can offer much lower settlement fees…
How big will China's foreign reserves get?
According to this article published by the People's Daily Online on Monday 23 October, China's foreign exchange reserves will exceed $2,000 billion by the end of 2010.
NBS chooses Wall Street Systems package
The National Bank of Slovakia (NBS) has selected Wall Street Systems, a provider of global treasury and capital markets solutions and services, to manage its banking functions, it was announced Monday 23 October.
Barbados' Williams notes cost of poor governance
Central Bank of Barbados governor Dr Marion Williams has said Barbados ought to guard against excessively complex corporate governance regulations, and ensure that these regulations are functional.