News
Egypt - New central bank role enshrined in law
EGYPT - The cabinet on 27 November approved a new law giving the Central Bank of Egypt greater authority over monetary policy and extending its supervisory role.
ECB Noyer - Little M3 impact from euro changeover
GERMANY - European Central Bank Vice President Christian Noyer said Thursday that the bank doesn't expect the changeover to euro notes and coins next year to have a significant impact on M3 money supply growth.
Duisenberg - Current ECB rates appropriate
GERMANY - European Central Bank President Wim Duisenberg Thursday justified the central bank's decision to leave interest rates unchanged by saying recent data confirmed the ECB's view that there are no immediate dangers for price stability in the euro…
Malaysian BNM international reserve at RM116.5 bln
MALAYSIA - Bank Negara's international reserves stood at RM116.5 billion as at 30 November, an increase of RM24 million from the level two weeks earlier, with trade and investment-related inflows maintaining their rising trend.
Russia's Gerashchenko denies resignation rumours
RUSSIA - Chairman of the Central Bank of Russia (CBR) Viktor Gerashchenko said Thursday that he had no plans to resign from 1 January.
South Africa's central bank reduces MPC meetings
SOUTH AFRICA - The South African Reserve Bank is to reduce the frequency of its regular six-weekly monetary policy committee meetings to once every quarter, the bank said Thursday.
Bank Indonesia gets three new deputy governors
INDONESIA - The Indonesian parliament late Wednesday named three new deputy governors for Bank Indonesia, filling positions that had been left vacant for extended periods.
FSA Davies - C bank supervision not more effective
GERMANY - Howard Davies, chairman of the new U.K. Financial Services Authority, late Wednesday rejected the view that supervision of the financial sector may be more effective if carried out by an independent central bank rather than a non-central-bank…
Reserve Bank of Australia - Official Media Release
MEDIA RELEASE - Statement by the Governor, Mr Ian MacFarlane - Monetary Policy.
Australia cuts rates as growth surges
AUSTRALIA - Australia's central bank has taken out an insurance policy against slower economic growth with a quarter-point interest rate cut to 4.25 per cent, taking rates to a 28-year low.
Monetary Policy statement from Sveriges Riksbank
NEWS RELEASE - Repo rate retained unchanged at 3.75 per cent, 5 December.
Bank of England News Release
News Release - Bank of England Maintains Interest Rates at 4.0%.
BoE leaves UK rates unchanged at 4 per cent
UK - The Bank of England on Wednesday left its key lending rate steady at a 37-year low of 4.0 percent.
Sveriges Riksbank Inflation Report 4th Q 2001
REPORT - The central bank of Sweden today, 5 December, published its Inflation Report for 4th Quarter 2001.
Germany's CEI - Further ECB rate cuts unnecessary
GERMANY - There's no need for the European Central Bank to cut interest rates any further in coming weeks, the head of Germany's Center for European Integration Studies said.
Russia approves c bank version of banking reform
RUSSIA - The Central Bank, the Finance Ministry and the Economic Development Ministry have submitted to the government an agreed-upon document on the development strategy for the banking sector.
Brazil c bank criticised for paranoia
BRAZIL - The Central Bank has come under criticism for giving too much priority to its inflation targets. On Tuesday, Rio de Janeiro federal university economics professor Reinaldo Goncalves said "a anti-inflation paranoia" has been created, leaving…
Sweden offers role model for UK financial watchdog
SWEDEN - Sweden offers role model for UK's financial watchdog - The FSA could learn from the experiences of the pioneering Nordic regulator, writes Christopher Brown-Humes in London FT, 4 December.
Brazil Senate panel okay Parnes as c bank director
BRAZIL - Brazil's Senate Economics Committee Tuesday approved the nomination of economist Beny Parnes as central bank international affairs director.
Bank of France euro workers go on 24 hour strike
FRANCE - Bank of France workers responsible for distributing euro notes went on strike for 24 hours on Tuesday, the latest in a series of labour disputes to disrupt the introduction of the single currency in France.
Swedish cen bank holds rate, cuts growth forecast
SWEDEN - Sweden's central bank, the Riksbank, left its key repo rate unchanged at 3.75 percent as expected on Wednesday, saying inflation should be in line with its two percent target over the next two years.
Chicago Fed finds U.S. economic gloom deepening
US - An index tracking U.S. economic activity fell in October to its lowest level since the last recession, the Federal Reserve Bank of Chicago said on Wednesday.
US Treasury 'will not dictate policy' to Japan
US - The US will not urge Japan to buy foreign-denominated bonds to stimulate its ailing economy, Kenneth Dam, the deputy US Treasury secretary, said yesterday, Tuesday.
BoC Dodge says low rates best way to support econ
CANADA - Bank of Canada governor David Dodge in a speech on Thursday 29 November said the best way to support the country's economy was to boost growth by cutting interest rates - which is what the central bank was doing.