News
Korea's central bank props up markets
Following another corporate accounting scandal, the Bank of Korea has intervened to in Korean money markets, according to a BBC news report.
Publication of Sveriges Riksbank Inflation Report
On Tuesday, 18 March, the Riksbank will present this year's first report on monetary policy to the Riksdag Finance Committee. Pursuant to the Sveriges Riksbank Act, the Riksbank must present a written report on monetary policy to the Committee at least…
Norges Bank's regional network
In autumn 2002, Norges Bank established a regional network of enterprises, organisations and municipalities throughout Norway. We will have six rounds of talks each year with business and community leaders concerning financial developments in their…
S. Korea central bank concerned over nuclear issue
Bank of Korea governor Park Seung has spoken of the concerns he has for the Korean economy with geopolitical factors and the North Korean nuclear issue, as reported by Yonhap news agency.
Ukrainian MPs to see secret central bank data
Members of Ukraine's parliament are to be allowed access to files previously kept secret by the central bank. interfax reported that the Ukrainian Constitutional Court upheld the right of MPs to request access to NBU data.
Japanese parliament approves central bank governor
Toshihiko Fukui was approved on Friday March 14 as the next governor of the Bank of Japan, as reported by Kyodo News Service. His five-year term of office will begin next Thursday, March 20.
Former Venezuelan c bankers claim gov't runs bank
A report suggests that the Central Bank of Venezuela is under government control with the central bank endorsing government policies - violating its Constitution, accrding to a report by Vheadline.
Brazil's Senate approves 3 central bank directors
Brazil's central bank has approved the nomination of three new directors with an overwhelming majority, according to a Reuters report.
Split over Iraq may hit new Basel bank rules
A report in the Financial Times suggests the new Basel 2 rules update may suffer damage from the transatlantic war split and signs exist of a loss of patience with the long drawn out discussions. The result could be a degrading of the accord, the report…
EU Parliament rejects ECB vote proposal
In a non-binding vote, the European Parliament rejected the ECB's proposal and backed an alternative proposal by MEP Ingo Friedrich for the retention of existing voting rights for all governors and the continuation of decisions by the Governing Board to…
Kansas City Fed's Hoenig:Community banks important
Kansas Fed President Thomas Hoenig said on Friday March 14 that community banks are important to the financial system by specializing in relationship banking and providing credit to small businesses, according to a report by Reuters.
IMF Statement on Assassination of Serbian PM
Statement of IMF Managing Director on the Assassination of Serbian Prime Minister Djindjic, 12 March.
Dodge receives cb website of the year award
The Bank of Canada has been awarded a prestigious prize for the best website of all 163 central banks. The governor, David Dodge, last night graciously received the award in the elegant surroundings of the exclusive Brooks' Club in St James', London,…
BoJ asked to buy more stocks
The Japanese government has asked the Bank of Japan to increase the amount of shares it intends to buy as the Nikkei index sank to a 20-year low.
Chinese official stresses need for stable currency
Stable remninbi rates are beneficial for China and the Asian region, said Guo Shuqing, director-general of the State Administration of Foreign Exchange of the People's Republic of China.
Bank of Israel looks for buyer of Euro Trade Bank
The Bank of Israel is on the lookout for potential buyers for the Privately owned Euro Trade Bank. Motivated by concerns for its stability, the central bank is not having much success, however.
ECB monthly bulletin, March 2003
REPORT - The decision to lower rates by 25 basis points on March 6 reflected easing in price pressures for the medium term due to slow growth and the euro's appreciation, the ECB said in its March monthly bulletin released today.
SAMA monthly report, March 2003
REPORT - Latest indicators on monetary aggregates, banking sector, official reserves, exchange rates, payments and prices up to January 2003 for Saudi Arabia in SAMA's monthly report, released today.
What central banks do with their dollars
ARTICLE - The events of September 11 reversed a 25-year trend of central bank reserve managers accepting greater risk in their portfolios, argues a paper in the latest BIS quarterly review.
Philippines escapes FATF sanctions
Following the passage of new anti-money-laundering legislation, the Financial Action Task Force has decided not to impose sanctions on the Philippines.
ECB warns over property booms
REPORT - Analysis by the European Central Bank of the impact of house price rises contains a warning to the Bank of England over house price booms.
Fillip for Zimbabwean gold producers
New rules from the government mean Zimbabwean gold producers will receive the market price from the Reserve Bank for the gold they produce.
China central bank looks to widen trading band
The governor of the People's Bank of China, Zhou Xiaochuan, has repeated that the yuan's value remains appropriate but that it would be sensible to research a possible widening of the foreign exchange trading band.
China to create bank regulator
China is to create a banking watchdog which will take over the regulatory responsibility for 110 commercial bank from the People's Bank of China.