Central Banks

Speech by Governor, State Bank of Pakistan, 10 Jun

SPEECH - In the speech titled 'Is State Bank of Pakistan doing its job?' Husain said since July 2001 Pakistan has been able to maintain stability in its exchange rate. Had the country not developed the cushion of reserves that it has, there was a strong…

Speech by T P Naranubala, Bank of Thailand, 28 Jun

SPEECH - In the speech titled 'Preparing for Rapid Growth' Naranubala said that this year we are seeing most South East Asian economies firmly back on the path of recovery. They are poised to regain their growth potentials. He adds that uckily, the…

Speech by Eugenio Domingo Solans, ECB, 17 Sep

SPEECH - Domingo Solans said in a speech titled 'European financial integration and stability' that the introduction of the euro has changed the terms of reference on which an appropriate solution for the best framework for banking regulation and…

Speech by Hermann Remsperger, Bundesbank, 23 Sep

SPEECH - In the speech titled 'Economic outlook and economic policy challenges for Germany' Remsperger said the planned enlargement of the European Union is certainly a challenge. The negotiations which are currently being conducted with 12 countries,…

Bank of Japan Monthly Report, September 2002

REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, September 2002, on 20 September. In its report the Bank of Japan left its assessment of the Japanese economy unchanged for the second consecutive month…

Minutes of Japan's Monetary Policy Meeting

MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 8 and 9 August 2002, released 24 September. On the current state of Japan's economy, members concurred that despite persistent weakness in domestic demand and increasing uncertainty…

Speech by H Kohler, Managing Director, IMF, 19 Sep

SPEECH - In a speech titled 'Investing in Better Globalization' Kohler said the global economy has shown remarkable resilience in the face of multiple shocks over the past two years but that risks to the global economic outlook today are clearly tilted…

Reserve Bank's new target divides economists

ARTICLE - As widely expected, the policy targets agreement between the Government and new Reserve Bank Governor, Dr Alan Bollard, has been amended to require him to keep inflation in a 1 to 3 per cent band "on average over the medium term".

Thai central bank puts loans case to Basel panel

THAILAND - The Bank of Thailand has asked member countries of BIS Basel Committee to curtail loans to hedge funds, according to Thirachai Phuvanatnaranubala, the central bank's deputy governor overseeing stability of financial institutions.

Poverty too high says head of Trinidad's c bank

TRINIDAD - The governor of the Central Bank of Trinidad and Tobago, Ewart Williams, says while the country has experienced economic growth over the last eight years, not enough had been done to improve the quality of life for its citizens.

MAS issues new risk-based capital requirements

SINGAPORE - With effect from 1 October 2002, holders of Capital Markets Services (CMS) licences will be subject to new risk-based capital requirements under a subsidiary legislation of the Securities and Futures Act 2001.

UK Treasury Press Release

PRESS RELEASE - Chancellor and Sir Edward George pledge more money for Commonwealth Education Fund, 24 September. Chancellor Gordon Brown, and Governor of the Bank of England Sir Edward George, today announced the auction of low-numbered £5 banknotes,…

Speech by Governor, State Bank of Pakistan, 15 May

SPEECH - In the Governor's Interview on PTV Husain said "I would submit that the State Bank had introduced transparency to such an extent that we publish all the information/data in our Annual and Quarterly Reports and also put them on our website."

CentralBankNet Monday Special Feature

Each Monday in future CentralBankNet will run a special feature on a subject of topical interest. This week we look at the issues raised by Bill McDonough's recent speech deploring the excesses of US executive pay and ask: Is it the job of a central…

Speech by M R P Devakula, Bank of Thailand, 6 Mar

SPEECH - In the speech titled 'Outlook for 2002 and the Road Ahead' Devakula said we enter the year 2002 with more confidence. The Thai economy had most assuredly bottomed out last year. The latest released January economic figures point to more strength…

Bank of England Quarterly Bulletin Autumn 2002

REPORT - Of particular interest in the Autumn Quarterly Bulletin, released Monday, are the articles 'Committees versus individuals: an experimental analysis of monetary policy decision-making' where a simple experiment with students apparently confirmed…

Speech by Edward George, Bank of England, 20 Sep

SPEECH - In the speech George described the recent volatility of international stock markets as "hugely frustrating" and said that it was "very difficult to predict" whether the advantages of membership of the euro outweighed the risks for Britain's…

Policy issues for central banks in retail payments

REPORT - This consultative report published 18 September explores policy issues for central banks that arise from current trends in retail payments markets. It puts forward four public policy goals for maintaining and promoting efficiency and safety in…