News
Dai Xianglong leaves People's Bank of China
China has replaced its longtime central bank governor, putting a former stock market regulator in charge as it prepares to open its banking industry to foreign competition.
Yugoslav, Greek national banks sign agreement
National Bank of Yugoslavia (NBY) and National Bank of Greece governors Mladjan Dinkic and Nicholas Garganas on 27 December signed an agreement on bilateral cooperation, including data exchange on business operations and bank control.
Ukraine's new central banker praises predecessor
Serhiy Tyhypko, Ukraine's new central bank chief submitted a request on quitting parliament to the parliamentary speaker on 26 December as he was elected governor of the National Bank of Ukraine. Tyhypko praised highly the achievements of the previous…
Mfula appointed Bank Of Zambia deputy governor
President Mwanawasa has appointed Bank of Zambia (BoZ) regional director, Felix Mfula as deputy Governor (administration) for the central bank. Mr Mfula's appointment comes into effect immediately.
Bies on credit availability for small businesses
SPEECH - In the speech 'Credit Availability for Small Business' Susan Bies of the Federal Reserve emphasised the importance of small businesses to the Federal Reserve saying that they are critical to the strength and vigor of the U.S. economy.
Report to show Japan's banks failing capital test
A comprehensive study of Japan's financial system being carried out by the International Monetary Fund will reveal that the capital adequacy of a number of Japanese banks falls below international requirements, according to a former IMF economist.
Fed's Poole: US to avoid deflation
William Poole, president of the Federal Reserve Bank of St. Louis, said on Friday that policymakers must be wary about deflation, but said there were ample reasons why the United States will avoid the errors that Japan made.
Croatian central bank council adopts projection
The Croatian National Bank (HNB) Council, chaired by governor Zeljko Rohatinski, on Wednesday adopted HNB's monetary policy projection and financial plan for 2003.
Egypt's central bank chief - rates may fall again
Mahmoud Abul Oyoun, Governor of the Central Bank of Egypt (CBE) said it is likely that a new cut in the banking interest rate will be effective if the market needs this.
GCC bank plan to be taken up at forum
A proposal to set up a transnational bank with all GCC states as shareholders will be submitted to the UAE Central Bank.
BOJ Hayami central bank can't buy all JGB issues
Bank of Japan Governor Masaru Hayami reiterated Friday that the central bank will do its utmost to help the economy recover, but rejected such steps as radically increasing the amount of Japanese government bonds it buys or purchasing new types of assets.
South African Reserve Bank Press Release
PRESS RELEASE - New deputy governor appointed at South African Reserve Bank, 19 December.
Former Kenyan governor is accused of being racist
Kenya's former central bank governor Micah Cheserem was on Wednesday accused of making racist remarks. Businessman Kamlesh Pattni's lawyer alleged that Mr Cheserem told the parliamentary Public Accounts Committee that "Indians have ruined Kenya's economy…
Exchange of new Afghan currency to end 2 January
The Afghan central bank has announced that the three-month period for exchanging the old Afghan currency for the new one will end on 2 January 2003 (12 Jadi on the Afghan calendar) and the period will not be prolonged.
Brazil raises interest rates by 3 points to 25%
Brazil's central bank on Wednesday increased its key interest rate by 3 percentage points to 25 per cent in an effort to crush growing inflation as the government-elect pledged to press ahead with central bank reforms and austerity measures. It is the…
Brazil's Lula to keep monetary policy team for now
Brazil's incoming central bank chief Henrique Meirelles said on Thursday the government of President-elect Luiz Inacio Lula da Silva will avoid making drastic changes to the country's monetary policy team.
Sweden decides on wording of euro question
Sweden has announced the wording of the question to be put in a referendum next year on whether to adopt the euro. The question is "Do you think that Sweden should introduce the euro as its currency?"
SARB appoints Ian Plenderleith as deputy governor
The South African Reserve Bank said Thursday that it has appointed Ian Plenderleith as a deputy governor with effect from 1 January 2003. Until May 2002 this year Plenderleith was a member of the Bank of England's interest rate setting Monetary Policy…
ECB's Liebscher: Rates appropriate, econ improving
Austrian National Bank Governor and European Central Bank governing council member Klaus Liebscher said interest rates are appropriate for the medium term, although they could still be lowered if need be. In an interview he also defended the ECB's two…
Bank of England Press Release
PRESS RELEASE - Sale of Bank of England Banknote Printing Operations, 17 December.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 18 December for the meeting of 4 and 5 December 2002. The nine MPC members voted on a proposal to maintain the repo rate at 4.0%. Seven voted in favour of this with…
Chicago Fed's Economic Outlook Symposium
REPORT - Economic growth in 2003 will be slightly above the rate in 2002, while the unemployment rate will be unchanged and inflation will be higher next year, according to the median forecast of participants at the Federal Reserve Bank of Chicago's…
Gov't man gains control of Russian central bank
First Deputy Prime Minister / Finance Minister Alexei Kudrin has become the head of the National Banking Council - the Russian central bank's advisory board. The appointment is likely to give the government increased influence over the activities of the…
Kuchma sacks Ukraine's central bank chairman
Meeting at an undisclosed location, President Leonid Kuchma's supporters voted to replace the chairman of the central bank Volodymyr Stelmakh and 19 parliamentary committees on Tuesday. The past couple of weeks have seen several attempts to oust Stelmakh…