News
George says euro is substantially undervalued
Bank of England governor Eddie George said in a speech in Paris on Tuesday that the euro is substantially undervalued in terms of the medium-term 'fundamentals'.
John Nugee goes to State Street
John Nugee, the head of reserve management at the Bank of England, has moved to State Street. Paul Chilcott is the new chief reserve manager.
Colombia cenbank sees 2000 inflation 8.5% - 10%
Colombia's central bank said that despite high world oil prices, thecountry is on track to meet the 10% inflation target for this year agreedwith the International Monetary Fund.
Polish central banker resigns
Hanna Gronkiewicz-Waltz announced she would leave the Polish central bank inJanuary to become a deputy head of the European Bank for Reconstruction andDevelopment.
Buenaventura says credit downgrade was harsh
The Philippine central bank said on Friday the move by Standard & Poor's todowngrade its long-term outlook on the Philippines to negative from stablewas harsh.
Ukraine cenbank council backs strong currency
The head of the newly formed Ukrainian central bank council said lastThursday that the body would back a policy of a strong hryvnia currency andfocus on slowing inflation.
Sabirin Sjahril to go on trial quickly
The Jakarta provincial prosecutor's office will soon submit the dossier onsuspended Bank Indonesia governor Sjahril Sabirin to the Central Jakartadistrict court, a prosecutor said last Wednesday.
Bank of Sudan launches website
Bank of Sudan has launched its new website (http://www.bankofsudan.org). It went live on 23 September 2000.
Bank of Mexico sets out 2001 inflation goal
Bank of Mexico governor Guillermo Ortiz said on Thursday that the central bank was determined to slash inflation further next year and would keep a tight grip on monetary policy to achieve its goals.
Yemen cenbank governor counts oil blessings
Robust oil prices have helped boost Yemen's foreign reserves to a recordhigh of $2.5bn. The extra revenues are also speeding up economic reformsand the repayment of the country's debts, central bank governor AhmadAbdul-Rahman al-Samawi said.
SARB gets new power on reserves
The South African parliament has given central bank governor Tito Mboweni anew lever of monetary policy, giving him the right to change the definitionof what type of money commercial banks must hold as reserves.
Philippine central bank head said he won't quit
Philippine central bank governor Rafael Buenaventura said on Thursday that he was not quitting in the wake of a deepening political crisis sparked by allegations President Joseph Estrada took a payoff from gambling lords.
Jaime Caruana forecast 2% inflation in 2001
Jaime Caruana, who replaced Luis Angel Rojo as Bank of Spain governor earlier this year, predicted that Spanish inflation would remain nears its 2% limit over the next year.
Euro dips on Eichel comments
The euro dipped yesterday to its lowest London closing price against the dollar since September's joint central bank intervention. This followed comments by German finance minister Hans Eichel that the lack of policy coordination could lead the euro to…
Mongolia bank chief outlines core fiscal policy
The core of the fiscal policy for 2001 is to concentrate huge flow of cashoutside the bank operation or facilitate their flow through banks, saidBank of Mongolia governor O. Chuluunbat.
Montenegro to found central bank
The Montenegrin authorities announced that they are forming a central bank to become the republic's independent organisation responsible for monetary policy, establishing and maintaining a healthy banking system, and effective payment operations.
Survey on women in central banking
CentralBankNet has carried out a survey of prominent female central bankers. In total, there are eight women who head central banks (out of a total of 172). CentralBankNet also lists other prominent female central bankers.
New monetary policy instrument in Croatia
The Croatian National Bank has decided to introduce unified obligatory reserve requirements on kuna and foreign currency deposits.