News
Trichet ordered to appear at trial in new year
FRANCE - The French trial for misleading accounting at the Credit Lyonnais Bank, at which Central Bank governor Mr Jean-Claude Trichet has been ordered to appear, has been scheduled for January 2003 in Paris.
Euro may boost Hungary growth report shows
HUNGARY - Joining the euro could boost economic growth in Hungary by between 0.6 to 0.9 percentage points annually for 20 years, according to a report published yesterday by the National Bank of Hungary, the central bank.
Swiss-'Give central bank gold reserves to schools'
SWITZERLAND - Non-governmental groups in Switzerland have called for more funds to boost schools and research. They even make the audacious suggestion that Swiss National Bank reserves could be used as part of these funds.
GCC countries working towards unified currency
UAE - The GCC countries have been working towards achieving a unified currency which is expected to be adopted on 1 January 2010, said Sultan bin Nasser Al Suwaidi, UAE Central Bank Governor on Saturday.
Yugoslav c banker attends conference in Dubrovnik
YUGOSLAVIA - Governor of Yugoslavia's Central Bank Mladjan Dinkic sets off to Dubrovnik today to attend the second regional conference on finances and investments in southeast Europe.
Argentina races to get IMF deal before new default
ARGENTINA - Argentine officials arrived in Washington on Monday to try to break the latest impasse in aid talks with the IMF as a potentially disastrous new debt default loomed less than two weeks away.
Brazil - New c bank head may be chosen by year-end
BRAZIL - The name of the new central bank governor may be sent to congress for approval before the end of the year, to end uncertainty on the markets, the 'Estado de Sao Paulo' reports.
Don't use stability pact as scapegoat, says Issing
GERMANY - The chief economist of the European Central Bank launched a staunch defence of the euro area fiscal stability and growth pact on Monday, accusing politicians of using it as a "scapegoat" for their own failures.
Kuwaiti dinar will be pegged to dollar
KUWAIT - Kuwait's national currency will be pegged to the US dollar starting 1 January, officials said on Monday.
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Congratulates Brazil's President-Elect, 28 October.
IMF Press Briefing
PRESS BRIEFING - Press Briefing by Thomas Dawson, Director, External Relations Department, International Monetary Fund, Washington, D.C., 24 October 2002.
Michel Camdessus responds to Joseph Stiglitz
COMMENTARY - A Commentary by Michel Camdessus, Honorary Governor of the Bank of France, 24 October.
MAS Press Release
PRESS RELEASE - The Monetary Authority of Singapore (MAS) announced that it would formalise guidelines governing industry and public consultation and implementation of MAS-administered legislation, 22 October.
Takenaka woos banks over his reform plans
JAPAN - Heizo Takenaka, Japan's economics and financial services minister, continued a frantic round of diplomacy yesterday as he sought to secure the backing of bankers and politicians for his plan to revive the financial sector before its release this…
Japan's Takenaka starts diplomatic offensive
JAPAN - Heizo Takenaka, Japan's economics and financial services minister, continued a frantic round of diplomacy on Monday as he sought to secure the backing of bankers and politicians for his plan to revive the financial sector ahead of its release…
UK industry shows sharp rise in support for euro
UK - Enthusiasm for the euro has risen sharply among Britain's manufacturers in the past 18 months, judging by a survey released on Monday.
Brazil's central bank president want independence
BRAZIL - The autonomy of the Central Bank in the future Brazilian administration was defended by the bank's current president, Arminio Fraga, and by a former one, Gustavo Franco, in Rio de Janeiro.
Japan faces fourth year of falling prices
JAPAN - Japan is on track to enter its fourth consecutive year of deflation - a phenomenon not seen in any postwar industrialised country - as the country's core consumer price index tumbled for the 36th consecutive month in September.
Solomons c bank investigates get-rich-quick scheme
SOLOMON ISLANDS - The governor of the Solomon Islands Central Bank has challenged the promoters of a get-rich-quick scheme in the impoverished island country to a public debate. Thousands of Solomon Islanders have apparently invested money in what is…
BOK gov, Monetary policy should focus on growth
KOREA - The Bank of Korea (BOK) should conduct monetary policy in a way that supports current accounts and the employment situation, as well as price stability, the central bank head said at a weekend seminar hosted by the BOK.
Thai central bank and govt to discuss credit cards
THAILAND - The Bank of Thailand and the Finance Ministry will meet this week to finalise details of a new regulatory structure for non-bank credit card issuers.
Russian central bank agrees info deal with Latvia
LATVIA - Latvia's financial watchdog, the Finance and Capital Market Commission has today signed an agreement on information exchange with the Bank of Russia, reported the commission's public relations department.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada releases its October Monetary Policy Report, 23 October.
Manuel calls for SARB inflation target review
SOUTH AFRICA - Finance Minister Trevor Manuel has suggested politicians and other interested parties hold a discussion on inflation targeting once Statistics South Africa has completed its study on the country's target measure, CPIX.