News
Kenyan central bank governor defends himself
The governor of Kenya's central bank has excused himself from blame in the Euro Bank case. Nahashon Nyagah said the central bank acted professionally in the case.
Trichet offers UK support on euro entry
Bank of France governor Jean-Claude Trichet has said he would welcome Britain's participation in the euro single currency at the earliest opportunity.
US Fed's Ferguson backs new world bank rules
Roger Ferguson said on Thursday that criticism of the Basel II rules have not convinced the Federal Reserve that the agreement should be scrapped.
Poland sets new inflation target
The Polish central bank has reduced interest rates and at the same time set a new inflation target. The move is aimed at guaranteeing Poland joins the euro zone at the earliest possible date of 2007.
Lomax named first woman deputy governor at B of E
Rachel Lomax was named the new deputy governor of the Bank of England for monetary policy on Thursday in a reshuffle of the MPC which also sees Richard Lambert joining the committee. The moves may be seen as a further shift towards hawkish leanings on…
Russia on course to join FATF
Following the recent FATF and G8 summits in Paris, CentralBankNet learns Russia looks set to join the Financial Action Task Force on money laundering (FATF) in June, less than a year after being removed from the organisation's blacklist of non…
Slovak central bank sees 2008 euro date possible
Slovakia's central bank has said that 2008 is a realistic date for the country to introduce the euro.
ECB reassures Germany over crisis fears
The European Central Bank on Tuesday sought to allay fears of a banking crisis in Germany amid reports that the government and senior bankers had discussed emergency measures to bail out the financial system.
Fed's McDonough praises Brazil's new government
Brazil's new economic plan received support from William McDonough on Tuesday at a Latin American forum. New York Fed chief also praised Brazil's central bank head Henrique Meirelles.
Preparations for terror attack
A UK Treasury paper has looked at the idea of the goverenment taking direct control of key financial institutions, including the Bank of England, in the event of a September 11 style terrorist attack on London. The Treasury stressed it remains open…
Trichet to meet union reps on 28 Feb
Jean-Claude Trichet, the governor of the Bank of France, will hold talks with union representatives on February 28 to discuss the findings of a study carried out by Yves Barroux, general secretary of the bank, on its retail network. The bank's employees…
Incoming B of E chief King prepared to lose vote
Mervyn King a noted hawk on the Bank of England's Monetary Policy Committee has said he is prepared to vote against the majority if necessary when he takes up his post as governor in the summer.
McCreevy set to support Austrian ECB candidate
Ireland is likely to support Austrian central bank deputy governor Gertrude Tumpel-Gugerell's candidacy for a place on the ECB board, reports the Irish Times.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces First Research Fellowship Awards, 26 February.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - IMF Mission forecasts a faster growth rate for Hong Kong in 2003.
China's central bank unveils interest rate policy
China's central bank has unveiled its market-oriented proposals on interest rate policies.
Hungarian central bank raises one-day rate
According to Zsigmond Jarai, chairman of the National Bank of Hungary, the storm of speculation against the forint [Hungarian currency] has ended. Most of the so-called hot money which has flown into the country has left the country.
Fraser silent on Iraqi-Australia gold deal
A magazine has suggested Australia was paid a large sum of gold in 1991 as part of an export deal.
Race to head European Central Bank heats up
Christian Noyer has apparently intimated he is willing to take on the job of president of the European Central Bank when Wim Duisenberg retires in July, says Forbes magazine.
Shiokawa to press new BOJ gov to relax mon policy
Finance Minister Masajuro Shiokawa is set to ask Bank of Japan (BOJ) Governor designate Toshihiko Fukui to further relax the central bank's monetary policy.
Edward George says ECB slow on rate cuts
Sir Edward George, governor of the Bank of England, speaking in London today hinted that the ECB had been slow to cut interest rates when he remarked that the ECB is "less proactive" in monetary policy terms than the UK's central bank. CentralBankNet was…
Brazil's interest rate increase wins IMF support
The IMF praised Brazil's central banks decision to increase interest rates saying that the move will help control inflation.
RBI issues risk management guidelines
In its guidelines on country risk management, the Reserve Bank of India has asked banks to address issues of identifying, measuring, monitoring and controlling country exposure risks in their country risk management policies.
Sveriges Riksbank Press Release
PRESS RELEASE - Heikensten: Inflation rise expected to be temporary. Riksbank Governor Lars Heikensten spoke at a meeting organised by Hammarby bandy club on the subject of "Some monetary policy issues" on 20 February.