News
Taiwan's central bank cuts key rate to record low
TAIWAN - The Central Bank of China (CBC) announced Monday a further cut in its key interest rates by a quarter percentage point with the aim of defusing the threat of falling prices and maintaining export competitiveness.
Nigerian banks need code of operations, CBN chief
NIGERIA - Worried about recent experience in the global financial sector where corporate scandals have become the order of the day, governor of the Central Bank, Chief Joseph Sanusi, has asked banks to draw up a national code guiding operations of…
CBR's 5 priorities in modernising banking system
RUSSIA - The Central Bank of Russia has determined five priorities that it will follow in modernizing the banking system, Andrei Kozlov, the bank's first deputy chairman, said at a round-table meeting on banking reforms Monday.
MP says Malta central bankers comments 'offensive'
MALTA - Malta's Labour Party has slammed Central Bank governor Michael C Bonello after he claimed that Malta would benefit economically from European Union membership.
Yugoslavia trying 'to impose' dinar on Montenegro
YUGOSLAVIA - Ljubisa Krgovic, the chairman of the Montenegrin Central Bank Council, said Monday that the dinar cannot be the only means of payment between Serbia and Montenegro.
Ukraine premier wants National Bank chief removed
UKRAINE - Ukrainian Prime Minister Anatoliy Kinakh has asked President Leonid Kuchma to dismiss the chairman of the National Bank, Volodymyr Stelmakh for poor cooperation between the National Bank and the government, the official web site of the Cabinet…
ECB Press Release
PRESS RELEASE - Announcement of a conference on "Prices, Productivity and Growth" organised by the European Central Bank, the Banco de Espaa and the Centre for Economic Policy Research, 8 November 2002.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on 7 November released the minutes of its FOMC meeting of 24 September. Gramlich and McTeer dissented from the vote to hold rates constant, preferring to ease monetary policy at this meeting. The Committee believed that the…
BIS Press Release
PRESS RELEASE - BIS opens Representative Office for the Americas, 11 November 2002.
Inter-American Development Bank Press Release
PRESS RELEASE - IDB Board of Governors re-elects Enrique Iglesias to lead institution, 8 November.
Bank of England is model for 'new' ECB
FRANCE - The path towards Britain's possible entry into the euro will be made much easier by a radical French plan for the European Central Bank to be reformed in the image of the Bank of England.
Departing SEC chairman wins a standing ovation
US - Harvey Pitt delivered his valedictory speech to the securities industry Friday, with a defence of his record as chairman of the Securities and Exchange Commission and a sideswipe at the partisanship that, he implied, had made the job impossible.
Total of bad loans understated by Y13,000bn - FSA
JAPAN - Japan's Financial Services Agency has revealed for the first time that it believes bad loans at the country's banks are Y13,000bn (£68bn) greater than the banks say.
Tax harmony is on EU agenda, says Giscard
FRANCE - Valery Giscard d'Estaing expects tax harmonisation to appear in the draft constitution being drawn up by the convention on the future of Europe.
Central bank head-China can be 'well off society'
CHINA - Dai Xianglong, governor of the People's Bank of China, the central bank, said on Sunday that China is capable of financing the building of a well-off society in an all-round way.
Central bank chief-no money laundering in Armenia
ARMENIA - "We can state that Armenia is not involved in money laundering," the chairman of the Armenian Central Bank, Tigran Sarkisyan, said at a round table discussion on Friday.
ECB president's wife cancels Israel visit
NETHERLANDS - Gretta Duisenberg, the wife of European Central Bank President Wim Duisenberg, has cancelled a planned trip to Israel and the territories due to pressure from the Israeli Foreign Ministry.
Senior Swedish banker doubtful about EMU timetable
SWEDEN - Eva Srejber has said Sweden cannot enter the EMU currency union as early as 2005 if there is a referendum in the autumn of 2003.
Yugoslav bank chief rejects Montenegro's proposals
YUGOSLAVIA - Yugoslav National Bank Governor Mladjan Dinkic said Friday that in defining a payment operations' system with Serbia, Montenegro is insisting on solutions that are without parallel anywhere in the world, adding that Serbia will not accept…
Sveriges Riksbank Press Release
PRESS RELEASE - Deputy Governor Kristina Persson today, 11 November, held a speech at a meeting in Habo, Jonkoping county, organised by Foreningssparbanken, the Federation of Private Enterprises and the Swedish Shareholders' Association on the theme of …
Latvia ok's new gov't headed by ex-central banker
LATVIA - Latvia's parliament gave its approval Thursday to a new government headed by former Central Bank president Einars Repse, who vowed to stop corruption in the ex-Soviet Baltic republic.
Bies-Fed monitoring commercial real estate, credit
US - The U.S. Federal Reserve is monitoring rapidly growing vacancy rates in commercial real estate and a surge in consumer credit, Fed Gov. Susan Bies said on Thursday.
Barbados c bank publishes new e banking guidelines
BARBADOS - The Central Bank of Barbados has published new guidelines for electronic banking in the island.
Curb inflation, not economy - Tito Mboweni
SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Thursday that interest rates may have peaked, saying the fight against inflation must not jeopardise the health of the overall economy.