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.
NEW ZEALAND - The New Zealand finance minister, Michael Cullen, has rejected a report which claimed Don Brash, Reserve Bank governor, should have his powers curbed.
SPEECH - The Governor of the Bank of England, Edward George, has spoken at the Oesterreichische Nationalbank Economics Conference in Vienna.
SPEECH - Edward George, the Governor of the Bank of England, has defended the ECB in a speech to Japanese businessmen at the JiJi Press London Top Seminar, The Savoy Hotel, London on 30 May 2001.
BOOK - The Governor of Central Bank of Barbados, Marion V. Williams, has written a book titled Managing Public Finances in a Small Developing Economy - The case of Barbados.
THAILAND - Chalongphob Sussangkarn, a member of the Bank of Thailand's Monetary Policy Board, said on 31 May he had submitted his resignation. He cited uncertainty over monetary policy following the ousting of governor Chatu Mongol Sonakul earlier this…
SINGAPORE - The annual conference of Governors of the South-East Asian Central Banks (SEACEN) needs to focus on ways to maintain its relevance amid a proliferation of regional and international forums, a Singapore government minister said on 31 May.
ARMENIA - The Central Bank of Armenia is putting 50,000 drams bank-notes into circulation beginning on 4 June.
BRAZIL - Brazil's Central Bank raised interest rates in May for the third consecutive month to head off inflationary pressures and the potential impact of the country's energy crisis on consumer prices, according to the minutes of the May meeting of the…
POLAND - The Polish central bank came under heavy fire from officials and analysts on 31 May for holding interest rates steady despite saying there was little demand-side price pressure in the economy.
EUROPE - Wim Duisenberg, president of the European Central Bank, has insisted that the changeover to euro notes and coins on January 1 2002 would be a success, rejecting pleas for small denomination euro notes to be distributed to the public in advance.
ARTICLE - Soon to depart Bank of England MPC member DeAnne Julius sees the euro as a safeguard for UK industry. Speaking recently she considers her own future, Britain's European prospects and the set-up at the ECB.
RESEARCH - This working paper from the ECB is co-written by Silvia Fabiani and Ricardo Mestre. The paper attempts to extend the analysis of a euro area-wide measure of the NAIRU, using time-series techniques rather than more structural approaches.
CANADA - Canada's central bank trimmed its key overnight interest rate on 29 May by 25 basis points to 4.5 per cent, stating that while US demand for Canadian products had slowed during the first part of the year, the domestic economy continued to show…
GERMANY - One of Germany's senior economic advisers has said that the European Central Bank should cut interest rates by half a percentage point to help boost the economy.