News
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 4 September.
Reserve Bank of Australia News Release
NEWS RELEASE - At its meeting on 3 September the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent, 4 September.
Eichel unveils new financial taskforce
GERMANY - Hans Eichel, Germany's finance minister, announced on Tuesday the creation of a new financial taskforce to combat balance sheet manipulation by corrupt managers and auditors.
Sharp growth in Pakistan surplus
PAKISTAN - Pakistan's current account surplus in the past financial year (July-June) soared to a record $2.74bn (€2.79bn, £1.77bn), up from $326m the year before, officials at the central bank in Karachi said Monday.
Gov't lifts demand deposit freeze - Argentina
ARGENTINA - Argentina's government will begin to lift the freeze on demand deposits to facilitate transactions in the depressed economy, local broadsheet La Nacion reported.
SDG unveil software to detect money laundering
INDIA - SDG Software Technologies, a Hyderabad-based surveillance software solutions provider for the financial markets, has developed BankAlert - anti-money laundering software - targeting various financial institutions including central banks and…
China, Macao agree to provide $ deposit exchange
CHINA - The Bank of China and the Monetary Authority of Macao (MAM) signed a cooperative agreement on Wednesday to provide Macao dollar deposit and exchange services.
New currency for Afghanistan
AFGHANISTAN - Afghan President Hamid Karzai on Wednesday said his government would replace its troubled afghani currency with new banknotes in a bid to bring stability to volatile exchange markets.
Australia leaves rates on hold as economy eases
AUSTRALIA - Australia's central bank left rates on hold for the third straight month Wednesday, a day after the release of June quarter figures showing lower than expected economic growth.
Row rattles Venezuela's economic recovery effort
VENEZUELA - A bitter row among Venezuela's top economic policy makers on Tuesday threatened to scuttle attempts to revive the nation's flagging economy just weeks before a senior minister heads to the United States to rally financial backing.
Bank of England names new Deputy Governor
UK - Weeks of speculation ended on Tuesday as the UK chancellor, Gordon Brown, named Sir Andrew Large, a former merchant banker and City regulator, as deputy governor of the Bank of England.
Lavagna keen on replacing central bank chief
ARGENTINA - Argentina's economy minister Roberto Lavagna has not given up his hopes of replacing central bank chairman Aldo Pignanelli with a trusted lieutenant, local daily newspaper Clarin reported on Tuesday.
Taiwan central bank says domestic loans decreasing
TAIWAN - The aggregated loans provided by banking institutions for domestic enterprises totalled 11,355bn NT New Taiwan dollars at the end of July, according to statistics released by the Central Bank of China (CBA) 31 August.
RBI to formulate policies to curb money laundering
INDIA - The Reserve Bank of India is in the process of formulating policy, procedures and controls required by banks to check the possible use of the financial system for money laundering and financing of terrorism, according to Mr Vepa Kamesam, Deputy…
Nat Bank of Belarus approves single currency idea
BELARUS - The board of the National Bank of Belarus has approved the bank's blueprint for implementing an existing agreement with Russia on "creating conditions" to turn the Russian rouble into the single currency of the proclaimed union state of Belarus…
Saddam Hussein meets with Iraq's central bank head
IRAQ - President Saddam Hussein on Monday chaired a meeting with senior Iraqi officials including the Governor of the Iraqi Central Bank Usam Rashid Howeish.
Nikkei ends Tuesday at 18-year low
JAPAN - Tokyo's Nikkei average plunged to an 18-year low by Tuesday's close after banks and other major blue-chip issues took a beating on worries over the dimming economic outlook in Japan and the United States.
Argentina unveils rules to encourage bank deposits
ARGENTINA - Argentina's central bank announced on Monday new rules meant to encourage people holding cash outside banks, for instance at home, to deposit it in the nation's beleaguered banking system.
Uganda's Mutebile shuffles central bank staff
UGANDA - The governor of the Bank of Uganda Emmanuel Tumisiime Mutebile has made changes to the staff at the central bank.
RBA Media Release
MEDIA RELEASE - Changes to financial sanctions, 2 September.
Iran's central bank may issue new bonds
IRAN - After the first successful bond issue, Iran is intending to free papers for further 950m dollars around October, The Iranian press cited Central Bank Governor Mohsen Nurbakhsh as saying.
Korean gov't vows to maintain price stability
KOREA - The Korean government has decided to make efforts to stabilize prices by taking appropriate measures during the rest of the year. The decision was made yesterday during a meeting of 11 ministers presided over by Deputy Prime Minister Jeon Yun…
Authorities seek 'insiders' after $3m bank theft
IVORY COAST - Thieves who stole over $3-million from the Ivory Coast's main branch of the West African central bank had accomplices on the inside, police said on Sunday.
Tokyo defends BoJ monetary policy
JAPAN - Bank of Japan deputy governor Yutaka Yamaguchi has taken issue with the US Federal Reserve and academic critics who have argued in recent months that Japan's weak growth and deflation were made worse by erroneous central bank policies. Yamaguchi…