News
Wellink optimistic on eurozone recovery, high euro
Nout Wellink said Wednesday that although the strong euro may have a negative effect in the short term it will benefit the region in the longer term. He also expressed optimism for the recovery in the eurozone economy.
Ukrainian, Belarusian c bankers to meet in Minsk
During a meeting of the consultation council of the Ukrainian and Belarusian central banks, to be held on 30 January in Minsk, participants plan to discuss the economic situation and the implementation of monetary and credit policy.
BSP says inflation under control despite weak peso
Philippine's central bank governor Rafael Buenaventura has said he expects the country's consumer price index to show a "manageable" rise of 3.0 to 3.5 percent year-on-year in the first two months of the year, despite a weaker peso.
Prodi warns Europe over devaluation
European Commission's president, Romano Prodi, warned Tuesday that it would be a "tragedy" if Europe responded to the plummeting dollar with devaluation. He also renewed his criticism of the stability and growth pact saying it did nothing to promote…
Uzbekistan reimposes currency controls
Uzbekistan has secretly reimposed currency controls, according to bankers in the country, after telling the IMF in October it had made its currency, the sum, convertible.
OECD: China unlikely to move to float currency
According to an OECD economist, China is unlikely to move soon to float its currency despite foreign pressure, but needs to reform its domestic financial system to gain greater flexibility in the exchange rate.
Bank of Italy's Fazio rejects Parmalat blame
The governor of the Bank of Italy on Tuesday 27 January tackled his critics who say he failed to protect investors from the Parmalat scandal,claiming that banks had shown a "serious error of judgement" in their dealings with the food company.
Fukui : easing policy will boost money supply
Bank of Japan Governor Toshihiko Fukui said on Tuesday 27 January that BOJ policies will feed through to growth in Japan's money supply and help the country escape from deflation.
G7 want Asian FX rise, no dollar fall- IIE
The Group of Seven leading industrial nations want to put pressure on China and other Asian nations to let their currencies rise, a leading IIE economist said on Monday 26 January.
Bank officials named in BCCI court case
Peter Cooke, former head of the Bank of England's supervisory department, and two other senior staff, were identified on Monday 26 January as officials alleged to have lied or misled the inquiry into the collapse of BCCI.
Rise of the single regulator
Over the last decade, more and more countries have established unified financial supervisors. CentralBankNet reports on the latest research into this trend.
Bank of England calls claims over BCCI "desperate"
The Bank of England accused the Bank of Credit and Commerce International's liquidators of desperation and paranoia on Monday.
Duisenberg fined in drink driving case
Wim Duisenberg, the former president of the European Central Bank, has been fined EUR300 for drink driving after being breathalysed before Christmas.
Bank of Canada appoints Godin as adviser
The Bank of Canada has announced the appointment of Pierre Godin to the position of adviser. The appointment is for an 18-month period and Mr Godin will be joining the Bank in mid-March.
French minister calls on ECB to tackle FX
French Industry Minister Nicole Fontaine called on the ECB on Thursday 22 January to "seriously address" the problem of currency market instability.
Nigeria appoints new deputy governor
Tunde Lemo has been appointed as a deputy governor of the Central Bank of Nigeria by President Olusegun Obasanjo.
Ex RBA governor hits on 'scandalous' salaries
Bernie Fraser, the former governor of the Reserve Bank of Australia, has taken a swipe at executive pay levels.
Prat-Gay: Argentine creditors must take losses
Argentina's central bank governor Alfonso Prat-Gay told investors at the World Economic Forum on Wednesday 21 January that his country's creditors will have to take large losses on their defaulted debt.
Tanigaki to explain Japan's monetary policy at G7
Japanese Finance Minister Sadakazu Tanigaki said on Friday 23 January that he will give an accurate picture of Japan's fiscal and monetary policies at the upcoming Group of Seven finance ministers' meeting.
Argentina mixes bank notes with musical notes
The central bank of Argentina has introduced a novel feature by offering people the chance to listen to music while browsing its revamped website.
ECB's Wellink-Rate moves can't control fx swings
Nout Wellink of the European Central Bank's Governing Council said that interest rate moves were not the way to deal with foreign exchange swings and that the euro's external value was not excessive.
Counterfeit euro notes rises in 2nd half 2003
The ECB said on Thursday 22 January that a total of 311,925 counterfeit euro banknotes were removed from circulation in the second half of 2003, an increase of 30 per cent on the first half.
King on the ball as usual
Mervyn King paid a visit on Tuesday 20 January to Villa Park, home of his beloved Aston Villa football club, telling a business lunch he had always wanted to perform at Villa Park and now was his chance.
Germany reports growth at 0.25%
The Bundesbank said on Monday 19 January in its January monthly report that Germany grew by just 0.25 percent in the fourth quarter of 2003 compared with the third quarter.