Central Banks

E-Signature law may see PSL reap rewards

POLAND - The Sejm has a new hot topic. The Electronic Signature Act was supposed to unleash the market for advanced online services, but may now become the source of large profits for a company said to have ties with the Peasants' Party (PSL).

Fed's Ferguson - must monitor changes in payments

US - Federal Reserve Vice Chairman Roger Ferguson said on Tuesday 4 Sep the continued changes in the U.S. and world financial systems as well as the payment systems should continue to receive scrutiny from officials even though no problems are evident as…

William McDonough speech in London

SPEECH - Remarks by William J. McDonough President and Chief Executive Officer of the Federal Reserve Bank of New York before the oneLondon Conference "Connecting Finance with Communities: Building Stronger Neighborhoods" London, 6 September.

No major CPI impact from Euro intro

GERMANY - Germany's Federal Statistics Office said 5 September that the first results of a survey of retail prices don't so far show any significant impact on consumer prices from the euro's introduction.

Shiokawa to discuss forex with O'Neill

JAPAN - Although the government wants a weaker yen to accompany the Bank of Japan's easy monetary stance, it is hard to intentionally drive currency rates, Japanese Finance Minister Masajuro Shiokawa said today, 5 September.

Speech by Stephen Nickell of the Bank of England

SPEECH - Speech by Stephen Nickell, Member of the Monetary Policy Committee of the Bank of England and Glenda Quintini, Credit Suisse First Boston, to the economics section of the British Association for the Advancement of Science, Glasgow, 4 September.

ECB Press Conference - Questions and answers

On the occasion of the unveiling of the euro banknotes and their security features, Frankfurt. Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, and Prof. Dr. Eugenio Domingo Solans, Member of the…

Australia lowers interest rates

AUSTRALIA - The Reserve Bank of Australia sliced interest rates by one-quarter percentage point on 5 September to offset weakening global economic activity and despite higher-than-forecast inflation.

Kazakh bank boss cuts beard as deposits top $1 bln

KAZAKHSTAN - Kazakh central bank boss Grigory Marchenko shaved off his beard on Wednesday, 5 September, - fulfilling a vow to sacrifice his whiskers once private deposits in Kazakh banks topped $1 billion, Reuters reports from Almaty.

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