News
Polish central bank leaves rates unchanged
The National Bank of Poland said on Wednesday 24 November that it had left key interest rates unchanged at its monetary policy meeting.
ECB says eurozone banks have reduced USD holdings
Euro zone banks appear to have reduced their holdings of US dollar-denominated assets in the first half of 2004, the European Central Bank said in a report on EU banking sector stability.
Central Bank of Liberia launches website
The Central Bank of Liberia (CBL) has launched its website, according to a CBL release issued at the weekend.
Reserve Bank of Fiji to implement HiPortfolio/3
DST International (DSTi) - a leader in business solutions for the investment management industry and business process management - confirmed on Tuesday 23 November that the Reserve Bank of Fiji plans to implement the company's flagship back-office…
PBOC deputy says US should not blame others
A senior official with the People's Bank of China has warned the United States not to blame other countries for its own economic difficulties, a report said.
ECB already doing enough for growth-Weber
Bundesbank president Axel Weber told journalists Monday that the European Central Bank is doing "all it can" to support eurozone growth.
Russian central bank hints on euro reserves boost
The euro rose to its sixth record this month against the dollar after first deputy chairman of the Russian Central Bank Alexei Ulyukaev said on Tuesday 23 November that the bank might increase the share of the euro in its reserves.
Bank of Japan Monthly Report, November 2004
The Bank of Japan released the English version of its November 2004 monthly report on 22 November. In the report the BOJ downgraded its assessment of exports and production in its report but maintained its overall view that the country's economy was on…
Debt restructuring code adopted by G20
German Finance Minister Hans Eichel confirmed on Sunday 21 November that the G20, excluding Argentina, had adopted a set of rules on sovereign debt restructuring in Berlin at the G20's annual meeting.
Bank of France to sell some gold reserves
The French Finance Ministry said in a statement on Friday 19 November that discussions on the sale of a portion of France's gold reserves have been finalised with the Bank of France.
BMA dep gov: Monetary policy key to currency union
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam said a strong monetary policy will be even more important for the region with the introduction of a common GCC currency.
PBOC's Zhou says fx liberalisation not ready
People's Bank of China Governor Zhou Xiaochuan told reporters on Saturday November 20 that China is not ready yet to liberalise its exchange rate.
Buba warns 'substantial risk' of deficit breach
The Bundesbank warned on Monday 22 November that Germany risks breaking the EU's tight budget rules again next year, even if it insists it will be able to meet its deficit commitments in 2005. In its November monthly report the German central bank said…
Bahrain establishes new money laundering taskforce
Bahrain is establishing a new taskforce to combat money laundering and terrorist financing across the region. The Middle East and North Africa Financial Action Task Force (MENAFATF) will be set up on November 29 and 30 in a meeting to be held behind…
RBNZ seeks Economics Department leader
The Reserve Bank of New Zealand said this week that it was looking for a self-motivated people manager to join the Bank's Economics Department to lead the Research team.
Denmark promotes Assistant Head of Division
Danmarks Nationalbank's Committee of Directors announced on 16 November that it has appointed Kristian Kjeldsen, Assistant Head of Division, to Head of Division.
ECB appoints new Director General Research
The Executive Board of the European Central Bank has appointed Mrs Lucrezia Reichlin, Professor of Economics at the Universite Libre de Bruxelles, Belgium, as Director General Research at the European Central Bank from 15 February 2005.
No decision made on ECB's new premises
The Governing Council of the European Central Bank said on Thursday 18 November that it will continue its deliberations on the new ECB premises.
Meirelles's ministerial status 'unconstitutional'
Brazil's state prosecutor, Claudio Fonteles, was quoted by AFX as saying that the presidential decree to grant the president of the central bank Henrique Meirelles cabinet minister status was unconstitutional.
ECB decides not to issue €1 or €2 banknotes
The Governing Council of the ECB decided not to introduce very low denomination euro banknotes. In a press release Thursday 18 November it concluded that the negative aspects of introducing very low denomination banknotes outweigh the positive aspects.
President of India inaugurates RBI Monetary Museum
The President of India, Dr. A.P.J. Abdul Kalam, inaugurated the Reserve Bank of India's Monetary Museum on Thursday 18 November.
ECB offers technical cooperation to NBS
A delegation from the European Central Bank (ECB), headed by Pierre Van der Hagen, held talks with Governor Radovan Jelasic at the National Bank of Serbia (NBS) on Thursday 18 November and offered technical cooperation, Tanjug News Agency said.
Unified accounting rules adopted by EU
The European Commission said it has adopted a regulation unifying accounting rules across the EU from January 2005, with the exception of two disputed provisions, BizWorld reported on Thursday 18 November.
Fukui says stronger yen may hold back recovery
Bank of Japan governor Toshihiko Fukui warned that the yen's recent surge against the dollar could hold back the nation's economic recovery.