News
Afghan market stable - Central Bank official
In an interview Abdul Fitrat of Afghanistan's central bank said the Afghani is likely to stabilise against foreign currencies after the central bank decided to limit supply.
Bundesbank may opt to sell gold reserves - report
Mr Welteke, president of the Bundesbank, was reported as saying that the Bundesbank may become a party to the upcoming agreement among gold-holding central banks of Europe to sell part of their gold reserves. The new agreement may allow for increased…
Ukrainian leader urges c bank/ cabinet cooperation
Leonid Kuchma, the Ukrainian president, has said decisions must be coordinated, particularly between the National Bank of Ukraine and the government.
BoE's George- pound fall cuts euro entry obstacles
Sir Edward George suggested on Tuesday that the Bank of England's recent surprise cut in interest rates would be "seen as quite dangerous by the ECB". He also suggested the ECB could benefit from a technical subcommittee to make interest rate…
Feature - new faces at the Bank of England
SPECIAL FEATURE - There has been some surprise at the recent appointments at the Bank of England. The Bank is to be graced with its first female deputy governor in its 300-year history, who happens to have spent 27 years of her lifetime at the Bank's…
ECB Press Release, 28 Feb
PRESS RELEASE - Annual publication of the List of Monetary Financial Institutions and institutions subject to minimum reserves as at end-December 2002, 28 February.
RBNZ Press Release, 3 Mar
PRESS RELEASE - Reserve Bank personnel changes - The Reserve Bank today announced two impending changes in the Bank's senior management team.
Mexico central bank net assets fall, reserves rise
Mexico's central bank reported increased reserves but also announced a decline in its net assets due to factors including expenditures from federal government operations of $624 million.
Ukraine central banker upholds currency stability
Serhiy Tyhypko has said the central bank will work to maintain a stable exchange rate for the hryvnya, the Ukrainian currency, and wont submit to the demands of exporters.
Kazakh central bank lists economic union stages
The National Bank of Kazakhstan has listed the stages necessary for creating an economic zone between Kazakhstan, Russia, Ukraine and Belarus. Chairman of the Bank Grigoriy said the move will undoubtedly benefit Kazakhstan from growing trade between the…
Netanyahu wants better relations with central bank
Benjamin Netanyahu took office on Sunday as Israel's new finance minister, and vowed better cooperation with the central bank. Netanyahu and Meir Sheetrit met Israel's central bank chief David Klein on Sunday to discuss cooperation between the Finance…
Carr to leave RBNZ as Adrian Orr comes in
Deputy governor Rod Carr will leave the Reserve Bank of New Zealand in July to take a job with a Software Corporation. Adrian Orr will become Assistant Governor and Head of the Reserve Bank's new Financial Stability Department.
Bank of Japan warned on asset holdings
Having made significant stock purchases as part of its policy against non-performing loans outgoing governor of the Bank of Japan Masaru Hayami has said further falls in asset prices could leave the Bank dangerously exposed.
OCC Press Release on Basel Capital Accord
PRESS RELEASE - Comptroller Hawke Highlights Importance of New Basel Capital Accord But Says Important Issues Must be Resolved Before OCC Will Issue Rules, 3 March.
OCC blow to Basel II timing
Hopes of finalising the new Basel capital accord in 2003 took a blow Monday as US Comptroller of the Currency John D. Hawke said in a speech that the OCC would insist on changes to the accord if, after a round of public consultation, US banks were not…
BOK raises pay for its top executives
Pay for top executives at the Bank of Korea increased by up to 30 per cent last year the central bank said, but the move raised eyebrows elsewhere.
UBS labels IMF as source of damaging statistics
The International Monetary Fund has been criticised by UBS Warburg for providing inaccurate data on the Philippines economy, according to a local newspaper report.
Japanese MOF Press Release, 27 Feb
PRESS RELEASE - Statement of G-7 Finance Ministers and Central Bank Governors, 27 February.
Poland to use bank reserve for budget contribution
Poland's finance minister said on Friday that up to a third of central bank "revaluation reserves" could be used in Poland's contribution to the European Union budget.
US bank regulators differ on international rules
Roger Ferguson has supported Basel II saying we have no alternative but to adopt the accord as soon as possible. But the rules were described as being too complex and rigid for what is needed at the same hearing by the Comptroller of the Currency John…
Brazil c bank warns inflation to stay high for now
The central bank of Brazil has said in the minutes from its most recent meeting that it expects the rise in inflation to fall back but risks remain that inflation will remain at "elevated levels".
White House urges Japan to fight deflation
US chief economist Glenn Hubbard has called on Japan to address deflationary pressures through central bank policies. But he acknowledged that the deflationary spiral was only one cause for the country's economic problems.
Russian gold reserves reach a new record
Russia's central bank has announced record gold reserves, increasing to 52.7 bn dollars.
HM Treasury Press Release Feb 27, 2003
PRESS RELEASE - Bank of England appointments - The Queen has been pleased to appoint, under the Bank of England Act 1998, Rachel Lomax as Deputy Governor of the Bank of England (Monetary Policy), in succession to Mervyn King, 27 February.