News
New BoJ governor to be approved by Diet
Toshihiko Fukui's appointment as the new governor of the Bank of Japan will be approved by the Diet on 13-14 March, according to a report by Kyodo News service.
BoJ and Japanese government to boost stock prices
Following further falls in the Nikkei Dow, Kyodo News Service announced that the Japanese government and the Bank of Japan have agreed to take steps to boost stock prices which have suffered further falls with the threat of conflict in the gulf.
Uzbek central bank takes currency reform measures
Uzbekistan's central bank is working with the government on measures to liberalise the domestic currency market in preparation for full convertibility of the som, the Uzbek currency, Narodnoye Slovo announced.
Eduardo Aninat to leave IMF post in June
Eduardo Aninat announced on 7 March that he will step down from his post as deputy managing director of the IMF in June. A report in the Financial Times said that his successor might be Arminio Frago, the former governor of the Brazilian central bank.
Eduardo Aninat leaving IMF
A brief profile of Eduardo Aninat who will leave his post as Deputy Managing Director of the IMF in June
BIS play down fears for US economy
The regular BIS meeting of top central bankers on Monday played down fears for the US economy with Bank of England Governor Sir Edward George saying that "a gradual strengthening of the U.S. economy seems a more likely prospect than significant weakening…
Joseph Yam appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements (BIS) on Monday 10 March announced Joseph C K Yam as Chairman of the BIS Asian Consultative Council (ACC). Mr Yam is Chief Executive of the Hong Kong Monetary Authority.
G10 meeting on banking supervision
Meeting of G10 central bank governors and heads of banking supervision - The G10 central bank governors and heads of banking supervision met on 9 March in Basel to discuss issues related to the Basel Committee on Banking Supervision.
ECB Press Conference, 6 March
PRESS CONFERENCE - At the press conference which followed the ECB's decision to reduce interest rates Thursday Wim Duisenberg intimated that the circumstances which led to the cut have only really become clear in the last month. Price stability over the…
Outgoing BoJ chief doubts market interventions use
Speaking on Friday Bank of Japan governor Masaru Hayami said he thought central banks attempts to intervene in the foreign exchange market were not vary effective.
RBZ lacks autonomy, says economic analyst
An economic analyst for the Zimbabwe Economic Society has said that Zimbabwe's central bank lacks independence, with the governor appointed by the president and the government able to borrow money "willy-nilly" from the central bank.
UK Treasury criticised over Bank appointments
UK chancellor Gordon Brown faced criticism on Thursday over the lack of transparency in the appointments process to the Bank of England's Monetary Policy Committee.
Inflation targeting, growth move in sync - Mboweni
A low inflation environment supports economic growth and no one can oppose that, said Tito Mboweni. The South African Reserve Bank governor was speaking in his first lecture at a university he is an honorary professor of.
Fed's Gramlich: Iraq impact 'imponderable'
Ed Gramlich of the Federal Reserve said on Thursday that a conflict with Iraq would have consequences for the US and world economy but that the effects were impossible to predict.
Bank of Mexico in paintings mix up with government
CentralBankNet hears of an unfortunate mix up involving valuable paintings, the Bank of Mexico and an apparent infringement of copyright on the central banks fine art collection.
Brazil's Palocci sees IMF loan despite inflation
Finance minister Antonio Palocci said he expects the next tranche of Brazil's record IMF loan to be approved despite an increase in inflation in the country.
ECB refinancing, 6 Mar
PRESS RELEASE - Monetary policy decisions. The minimum bid rate on the main refinancing operations will be reduced by 0.25 percentage point to 2.50%, starting from the operation to be settled on 12 March 2003.
ECB on foreign exchange market, 5 Mar
PRESS RELEASE - Publication of a review of the foreign exchange market structure, 5 March. Analysis of the structure of the foreign exchange market.
Trichet favours Bank of France re-organisation
A report says Jean-Claude Trichet favours a re-organisation of the Bank of France by departments, as opposed to regions.
Canada's gold reserves fell last month
Canada's finance department revealed on Wednesday that it had sold part of its gold holding, with the proceeds to be used for buying other foreign currency securities.
Kenya's ex-central bank chief hits back at critics
On Wednesday CentralBankNet reported the resignation, and prompt replacement, of Kenyan central bank chief Nahashon Nyagah over the Euro Bank affair. Now a report quotes Nyagah as denouncing what he called, the "orchestrated" campaign to oust him.
Russia's gold and for ex reserves continue to rise
Russia's central bank has announced increased reserves of 0.8% for gold and foreign exchange. This represents a new record.
Danes lower rates
PRESS RELEASE - Interest rate reduction, 6 March. The Danish central bank lowered its key interest rate 0.25% in response to the ECB's cut.
New Zealand holds rates
PRESS RELEASE - The Reserve Bank has decided to leave the Official Cash Rate at 5.75 per cent, 6 March.