Central Banks
Australian dollar falls to 17 year low
The tide of global foreign exchange markets has turned against the Australian dollar again with the local currency falling to a record 17 year low.
Ghana to be HQ of West African Monetary Institute
Ghana has been selected as the location for the headquarters of the West African Monetary Institute that is to work towards the establishment of a West African Central Bank.
Brazil's cenbank intervenes in FX markets
Brazil's central bank intervened in the foreign exchange markets today, saying that it does not want the real to strengthen too much against the dollar as it could be detrimental to Brazil's trade balance.
BoE issues inflation warning on wages
The Bank of England has released a report, co-written by chief economist Charlie Bean and other bank staff, warning that an increase in the share of national income being taken by wages may lead to a rise in inflation.
Target throughput improves; issues remain
While throughput on TARGET payments is improving some banks are still ignoring rules which require them to make payments promptly.
Sarkinas: no policy change until after mid-2001
Reinoldijus Sarkinas, governor of the Bank of Lithuania, met with the IMF mission headed by Patricia Alonso-Gamo. He reiterated that decisions about the planned repegging of the national currency, the litas, from the US dollar to the euro would not be…
Calls for fundamental reform of the ECB
The UK government's favourite foreign policy think-tank has published a paper calling for fundamental reform of the European Central Bank and European economic policy-making to restore confidence in the euro.
Macedonia, Bosnia want share of FRY gold reserves
Today, on his return from Sarajevo, where a meeting had taken place of the heads of the national banks of the countries that emerged after the Socialist Federal Republic of Yugoslavia broke up, Ljube Trpeski, governor of the Bank of Macedonia, stated…
Bank of Japan - Annual Report 2000
ANNUAL REPORT - The Bank of Japan has published its Annual Report for the year ended 2000.
Speech by Antonio Fazio, Governor, Bank of Italy
SPEECH - Speech by Antonio Fazio, Governor of the Bank of Italy at the World Gold Council International Conference "The Euro, the Dollar and Gold" held in Rome on 17 November 2000. The relationship between currencies and gold.
Dlr top world currency but euro gaining-Duisenberg
European Central Bank President Wim Duisenberg said on Friday that the dollar played a leading role among world currencies but the euro was gaining ground, despite initial disappointments.
Kenya cenbank says economic growth has slowed
Kenya's economic growth is estimated to have declined to 0.4% in the 12 months to August, from 1.4% in the previous year, the Central Bank of Kenya said.
Mersch-M3 scrutiny still key in ECB rate decisions
Luxembourg central bank chief Yves Mersch, a member of the European Central Bank council, on Friday said that scrutiny of money supply retained a key role in the setting of monetary policy.
Japan needs easy monetary stance, says IMF
Japan's economy still has a problem with deflation, and the central bank should keep its easy monetary policy for a while longer, a senior official at the International Monetary Fund (IMF) said on Friday.
Riksbank's Heikensten sees inflation pressure
Swedish central bank first deputy governor Lars Heikensten said inflationary pressure in the country is growing and the central bank may have to raise interest rates as a result.
Venezuela reserves at highest for almost 3 years
During the last week, Venezuela's international reserves rose by 59m dollars to reach 17.34bn dollars, the central bank announced.
Svein Gjedrem: Norwegian monetary policy
At a conference held in Copenhagen on 17 November 2000, Mr Svein Gjedrem, governor of the Norges Bank, gives a speech on Norwegian monetary policy. Mr Svein Gjedrem discusses the relationship between the special structure of the Norwegian economy and…
SARB maintains monetary stance
South African Reserve Bank Governor Tito Mboweni Thursday said the central bank's current monetary policy stance would be maintained. This in line with most economists' expectations that interest rates would remain unchanged at the bank's six-weekly…
Philippine interest rates to fall by year end
Philippine central bank governor Rafael Buenaventura said on Thursday the bank planned to lower its key overnight rates before the end of 2000 given signs that inflation and the peso had begun to stabilise.
Brazil's Fraga confident in Argentina's recovery
Brazil's central bank chief Arminio Fraga said Thursday he is confident that neighboring Argentina will leave its economic woes behind although there will be no "instant miracle."
ECB to publish its economic forecasts
The European Central Bank has decided to publish its internal economic forecasts for the euro-zone to improve the markets's understanding of its monetary policy and dispel criticism of excessive secrecy.
Korea's foreign exchange reserves jump to new high
Korea's foreign exchange reserves rose to a new high of $93.38 billion, Nov. 15, up $680 million from the end of October, the Bank of Korea said yesterday.
Chen: China is a black hole for Taiwan's economy
The economic development in mainland China is a 'black hole' for Taiwan's economy which could drain out all of the capital resources on the island, deputy central bank governor Chen Shih-meng warned Wednesday.
T K Alweendo: Prospects for growth in Namibia
Today Mr T K Alweendo, governor of the Bank of Namibia, gives his annual lecture, held in Windhoek. This year's subject matter is growth and employment or unemployment, depending whether you are anoptimist or a pessimist, joked the governor in his…