News
Bundesbank - 10% D mark bills still in circulation
GERMANY - The amount of Deutsche mark bills still in circulation is about 10% of the level at the end of 2000, the Deutsche Bundesbank said Friday.
Padoa-Schioppa, ECB "satisfied" by German promises
ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…
Rate cut by Brazil's central bank chief
BRAZIL - Central bank governor Arminio Fraga's surprise move to cut interest rates marks a shift in strategy, and a gamble, as he weighs the need to contain inflation yet entice investors in a presidential election year.
Minutes from 1996 Fed meetings bear out
US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…
Fed wants banks' help with cash - handling
US - The Federal Reserve says its resources are increasingly taxed by banks' growing habit of placing currency on deposit with the central bank, and it plans to call on bankers to figure out a solution to the problem.
Currency dealing liberalised in China
CHINA - The central bank has eased controls on foreign-exchange dealing by domestic banks to put them on an equal footing with foreign competitors, it was reported.
CBA hits Reserve, playing "social policy" on cards
AUSTRALIA - On Thursday Commonwealth Bank of Australia (CBA) attacked the Reserve Bank over its proposed credit card reforms.
Spain sees ECB Noyer's succession settled in March
FRANCE - A successor to European Central Bank Vice President Christian Noyer will be chosen at a European Union summit in Barcelona in mid-March, Spanish Economy Minister Rogdrigo Rato said in an interview published on Thursday.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate.
Anger at Hain over timetable for joining euro
UK - The UK Treasury has signalled its anger at Peter Hain, the minister for Europe, for laying out a possible timetable for euro membership.
Tokyo plays down prospect of bank boost
JAPAN - The Japanese government yesterday played down speculation that it was preparing a large capital injection into the wobbly banking system before the end of next month, when a government blanket guarantee on bank deposits will be lifted.
Beijing set to cut rates as deflation fears return
CHINA - China is set to cut interest rates today for the first time in more than two-and-a-half years to combat a return of the deflationary pressures Beijing fought so hard to banish during the Asian financial crisis.
German sale plan triggers gold slump
GERMANY - The price of gold fell on 20 February 2002 following comments by the president of Germany's Bundesbank.
Armenia's c bank chief to take part in seminar
ARMENIA - The head of Armenia's Central Bank Tigran Sargsian today left for London for participation in the seminar "Poverty reduction, growth and debt sustainability in the low-income countries of CIS", which will be held on 21-22 Feb.
Jockeying begins as candidates line up for ECB job
UK - EU governments are marshalling their candidates to succeed Christian Noyer when he steps down on 31 May as vice-president of the European Central Bank.Guy Quaden, the governor of the Belgian central bank, yesterday removed his name from the…
Economist may be top candidate for Fed role
US - A highly regarded economist is one of the top candidates for one of two vacancies on the Federal Reserve Board of Governors, an administration official said Wednesday.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England Monetary Policy Committee meeting 6 and 7 February 2002. Released 20 February.
ECB PRESS RELEASE
PRESS RELEASE - Manual on "Accession countries: balance of payments/ international investment position statistical methods", 20 February.
Russia finishes real-time payment system
RUSSIA - According to Tatyana Paramonova, first deputy chairwoman of the Central Bank of Russia, the real-time payment system is 80% complete in Russia.
ECB eyeing council revamp ahead of enlargement
GERMANY - The European Central Bank is studying draft proposals on how the bank should be governed once several eastern European nations join the euro zone later this decade, a newspaper said on Wednesday.
BOE minutes - MPC voted 7-2 to hold repo rate 4.0%
UK - Seven members of the Bank of England's Monetary Policy Committee voted to keep the repo rate on hold at 4.0% in February, according to minutes of the meeting released Wednesday.
Colombian c bank report 2001 net income of $533.7m
COLOMBIA - The Colombian central bank posted 2001 net income of 1.22 trillion pesos ($533.7 million), officials said.
Quaden - Rates appropriate for foreseeable future
BELGIUM - The euro-zone economy has bottomed out and recovery should start in the second half of this year, with some countries seeing a rebound already in the second quarter, European Central Bank governing council member Guy Quaden said Tuesday.
Swedish c.banker says inflation expectation stable
SWEDEN - Inflation expectations in Sweden are stable and other economic indicators, too, are in good shape, Swedish central bank deputy governor Kristina Persson said on Wednesday.