News
Hayami says BOJ has more policy options
JAPAN - Bank of Japan Governor Masaru Hayami said on Tuesday the BOJ had more policy options up its sleeve to fight deflation, suggesting more unconventional steps are being considered to dig the economy out of its rut.
Venezuela cen bank to keep rate regime unchanged
VENEZUELA - Venezuela's central bank BCV has no plans to change its foreign exchange policy, a source close to the bank told BNamericas, in response to a local report.
Iran sees large inflow of gold and capital
IRAN - Iran has experienced a net inflow of capital and gold bullion for the first time since the 1979 Islamic revolution. It has been drawn by domestic investment opportunities and driven by financial insecurity outside the country following the…
Bank of England News Release
NEWS RELEASE - Monetary Policy - A Perpetual Dilemma?, 14 October 2002.
Zambian central bank to introduce high value notes
ZAMBIA - The Bank of Zambia said Saturday it has embarked on a national currency restructuring program that will ultimately result in the launching of high value notes in 50,000kwacha (US$10.99)and 20,000kwacha denominations.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board on Friday announced the appointment of chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2003, 11 October.
BIS Press Release
PRESS RELEASE - Asia/Pacific nations declare that quick disposal of non-performing loans is vital for strengthening financial systems, 14 October 2002.
QIS 3 Frequently Asked Questions
REPORT - Supervisors and banks have raised the following issues since the distribution of the Basel Committee's Quantitative Impact Study 3 (QIS 3), 11 October.
ECB Press Release
PRESS RELEASE - Mr. de Beaufort Wijnholds appointed as permanent representative of the European Central Bank in Washington, D.C. with observer status at the International Monetary Fund, 10 October 2002.
ECB Press Conference
PRESS CONFERENCE - Introductory statement with a transcript of the questions and answers by Willem F. Duisenberg, President of the European Central Bank, Lucas Papademos, Vice-President of the European Central Bank, Frankfurt, 10 October 2002.
Indonesian bank supports rupiah after bomb blast
INDONESIA - The Indonesian central bank intervened to support the rupiah on Monday in the wake of car bomb blasts on the holiday island of Bali and analysts warned the bombings could weigh on currencies across the region.
BOK to begin 10th central banking seminar today
KOREA - Nineteen central bank officials from 18 countries will attend a central banking seminar organized by the Bank of Korea (BOK), from today through Friday at the bank's headquarters in downtown Seoul.
Albanian MPs demand sacking of central bank head
ALBANIA - At least 35 deputies of Democratic Party (PD) and of other parliamentary opposition forces, mainly of Union for Victory, signed a draft resolute on Saturday requiring parliament to address the Bank of Albania Supervisory Council to remove…
New Afghan banknotes go into circulation in north
AFGHANISTAN - New Afghan banknotes have been officially put in circulation in the northern zone. The ceremony started with a recitation from the holy Koran.
Brazil's c bank calls extraordinary Copom meeting
BRAZIL - Brazil's Central Bank called Monday an extraordinary meeting of its interest rate-setting Monetary Policy Committee (Copom), two weeks before presidential elections and amid a currency crisis that is fanning inflation and whipping the economy.
Brazil: PT may give central bank autonomy
BRAZIL - The workers' party (PT) may give the central bank 'operational autonomy', as early as this year, if Luiz Inacio Lula da Silva is elected president, says PT president Jose Dirceu.
Israel debates monetary council for central bank
ISRAEL - The Knesset's Finance Committee will shortly be reopening discussion of a monetary council for the Bank of Israel, which would share some of the responsibilities belonging to the central bank governor, David Klein.
Italy's c bank governor makes rare budget comment
ITALY - Italy's new budget drew a less than enthusiastic response last Friday from Antonio Fazio, Italy's central bank governor, who said it relied heavily on one-off measures as a means to raise revenues and reduce the national budget deficit.
Shanghai Gold Exchange to open in late October
CHINA - Detailed rules governing the value added tax on gold trading have been clarified and the Shanghai Gold Exchange will formally open for business at the end of the month, exchange sources said on Sunday.
Kuwait to link dinar to dollar
KUWAIT - Kuwait, ending a 27-year-old policy, said yesterday it will fully link the dinar to the U.S. dollar from 2003 as part of a plan by six Gulf states to forge a single currency.
Japan 'has drafted' anti-deflation package
JAPAN - The Japanese government has drawn up the outline of an anti-deflation package and will finalise the draft towards the end of the month, the Sankei Shimbun newspaper reported on Sunday.
Leader makes anti-euro view clear at UK conference
UK - Iain Duncan Smith made a clear reference yesterday to his anti-euro stance - only the second time during the week the issue that divides the Tory party had been raised by a platform speaker.
French bank chief hits at government
FRANCE - Jean-Claude Trichet, governor of the Bank of France, on Friday added his weight to criticism of the centre-right government of Jean-Pierre Raffarin for not being more ambitious in its efforts to cut its budget deficit in line with European Union…
Non-bank credit card rules due in Thailand
THAILAND - Financial regulators were directed to draft measures to regulate credit cards issued by non-bank institutions by next month. Prime Minister Thaksin Shinawatra yesterday chaired a meeting on a proposed new credit card bill.