SPEECH - Wim Duisenberg, President of the European Central Bank, gave a speech at the Central Bankers' Panel at the International Monetary Conference, Singapore on 4 June. The speech was titled What exactly is the responsibility of central banks of large…
ANNUAL REPORT - The Bank of Latvia has published its Annual Report 2000. It says that results were better than projected and were above the average level in the region. This was partly a result of economic reform in Latvia and the bank's monetary policy.
ALGERIA - The Central Bank of Algeria's web site has been hacked into by persons unknown.
UK - Banks and building societies should continue with self-regulation of accounts, the UK Treasury has been told by a high-powered committee it appointed to review the system.
CANADA - The Bank of Canada has appointed John Chant to fill the visiting economist position of special adviser to the bank. Chant is a professor at Simon Fraser University in Canada. He will serve for a one-year term starting in September 2001.
US - The Federal Reserve Board has released the following statement from Governor Edward W. Kelley, Jr., announcing his plans to resign from the Board after at least one of the current vacancies is filled.
SINGAPORE - Asia's economies will have to integrate further before they start thinking about creating their own monetary union, Tharman Shanmugaratnam, the managing director of the Monetary Authority of Singapore, said on 4 June.
US - A senior IMF official has made a statement about gold that in the view of experts is the first of any significance made since the Board's discussion of this subject in 1995.
SPEECH - Deputy Prime Minister Lee Hsien Loong has given the luncheon address at the International Monetary Conference, Singapore on 4 June. It was titled Financial Centres Today and Tomorrow: A Singapore Perspective.
RESEARCH - The Bank of Japan has published a research paper 'Monetary Policy Under the Zero Interest Rate Constraint and Balance Sheet Adjustment'. The paper is written by Masaaki Shirakawa, advisor to the governor, Bank of Japan.
SINGAPORE - European Central Bank (ECB) President Wim Duisenberg told delegates at the International Monetary Conference in Singapore on 4 June that economic stability in the euro zone was the best contribution Europe could make to world growth.
THAILAND - Incoming Thai central bank Governor Pridiyathorn Devakula said on 4 June that there are going to be changes in monetary policy.
PERU - Alejandro Toledo, the son of a poor mountain sheep herder, won the presidency on 3 June over one-time President Alan Garcia after a campaign that left Peruvians deeply disillusioned. Aides to Garcia attempted to calm the markets by indicating that…
Malaysia - Malaysian Finance Minister Daim Zainuddin ended weeks of speculation about his future on 2 June, quitting his post despite Prime Minister Mahathir Mohamad's apparent efforts to retain him.
ALGERIA - Algerian President Abdelaziz Bouteflika named Mohamed Laksassi as the country's new Central Bank governor on 2 June, an official statement said.
ITALY - Italy's central bank, Banca d'Italia, is about to complete its investigation on Italian bank Banca Popolare di Milano (BPM), which started four months ago.
INDIA - Vepa Kamesam, managing director of the State Bank of India (SBI), is likely to be appointed as deputy governor of the central bank next month, a senior banking source said on 4 June.
EUROPE - One of the co-founders (with Helmut Schmidt of Germany) of the European Monetary System in 1978, former French President Valery Giscard d'Estaing was in London yesterday to deliver the 21st Mais lecture at the City University.
UK - The Bank of England's nine strong Monetary Policy Committee (MPC) has a new member from today, 1 June. Kate Barker, previously of the Confederation of British Industry, will replace DeAnne Julius who has served on the committee since 1997.
SPEECH - Lim Hng Kiang, Singapore's second minister for finance has made the opening remarks at the 36th SEACEN Governors' Conference, Singapore. Among other things he discusses the challenges for Asia with the slowing of the US economy and the much…
INDONESIA - Indonesia's central bank said on 1 June that the country's political instability would prevent it from loosening monetary policy in the short term, even though the ailing rupiah has shown some strength.
CONGO - The Democratic Republic of Congo has floated its currency and raised the price of fuel in an effort to overcome the economic chaos bequeathed by almost three years of state control and inter-regional war.
THAILAND - Thai Finance Minister Somkid Jatusripitak said on 1 June that the government did not plan any changes in its fiscal and monetary policies after a new central bank governor takes office.
THAILAND - A committee set up to investigate the 1997 defence of the baht by the Bank of Thailand has amended its report which could potentially clear central bank officials of actions leading to the loss of tens of billions of baht.