News
Argentina's central bank raises dollar sell rate
ARGENTINA - The central bank has raised the dollar sell rate to 3.24 pesos from 3.19 pesos.
UAE cb governor says abuse of hawala must stop
UAE - Sultan bin Nasser Al Suwaidi, the UAE Central Bank Governor, says abuse of the hawala (unofficial) system of money transfer must stop, but practical solutions to the challenges faced must be sought.
Riksbank's Bergstroem worries about inflation
SWEDEN - The Riksbank's deputy governor Bergstroem said the bank's research estimates wage rises of 4% over the next two years, which is not compatible with the inflation target of 2%. Further interest rate hikes may be necessary in the future.
Basel II: An Economic Assessment
WORKSHOP - Basel II: An Economic Assessment (Basel, 17-18 May 2002), a workshop jointly organised by the Basel Committee on Banking Supervision, the Centre for Economic Policy Research, and the Journal of Financial Intermediation.
Bank law compromise seen in Russia
RUSSIA - The State Duma and the government have narrowed differences over a bill to curtail the powers of the Central Bank, Deputy Prime Minister Alexei Kudrin said Monday.
Eurosystem reserves down 0.1 bln eur to 10 May
GERMANY - The European Central Bank said eurosystem net foreign currency reserves fell 0.1 bln eur to 258.2 bln in the week ending 10 May on account of customer and portfolio transactions.
Argentina pays down 680 mln US$ World Bank debt
ARGENTINA - The government paid down yesterday a 680 mln US$ instalment on a World Bank loan from central bank reserves, the economy minister Roberto Lavagna, said.
Euro Parliament approves Papademos' appointment
FRANCE - The European Parliament has approved the nomination of Lucas Papademos, the governor of the Central Bank of Greece, as vice-president at the Central European Bank.
Polish cen bank dep chairman favours fixed ex rate
POLAND - Central bank deputy chairman Andrzej Bratkowski said the economy could benefit from a fixed zloty rate in a situation when the inflow of foreign capital linked with the prospect of Poland's EU accession will continue to strengthen the zloty.
House of Commons Treasury Committee
PRESS RELEASE - Bank of England Monetary Policy Committee: Confirmation hearings for new members, 14 May.
Hugh Fletcher appointed to NZ Reserve Bank board
NEW ZEALAND - Hugh Fletcher, the former head of Fletcher Challenge, has been appointed as a non-executive director of the Reserve Bank and Rod Carr has been confirmed as acting governor for up to six months, the New Zealand government announced today.
Brazilian bank chief's warning
BRAZIL - Arminio Fraga, president of Brazil's central bank, said yesterday that he was worried by "a certain lack of coherence" in the economic programmes offered by candidates for the October presidential election.
Eurozone economy to grow 2.5% at year-end
SPAIN - The rate of economic recovery in the eurozone is unclear but the economy should probably be growing at about 2.5 per cent at the end of this year, European Central Bank (ECB) vice-president Christian Noyer said on Sunday.
Bank governor George dismisses 'double-dip' chance
UK - The world's leading economies are not expected to fall prey to the much-dreaded "double-dip downturn", Sir Edward George, governor of the Bank of England, said yesterday.
Statement by Governor for the Republic of China
PRESS RELEASE - Statement by the Governor for the Republic of China at the 35th Annual Meeting of the Asian Development Bank, Fai-nan Perng, 11 May.
Brazil's central bank calms inflation fears
BRAZIL - Arminio Fraga, the president of the Brazilian central bank, on Friday sought to alleviate concern over accelerating inflation after the consumer price index posted a 0.8 per cent increase in April. This brings the increase in consumer prices…
Syrian premier meets Jordanian banking delegation
SYRIA - Premier Dr Muhammad Mustafa Miro on Sunday 12 May received the governor of the Jordanian Central Bank Mr Ummaya Tukan, the Director of the Jordanian Housing Bank Mr Zuhair al-Khuri, the General Director of the Jordanian Housing Bank for Financing…
Taiwan c bank chief protests name change at ADB
CHINA - Central Bank of China (CBC) Governor Perng Fai-nan on Saturday protested Taiwan's name change in the Asian Development Bank (ADB).
Iraq, Sudan c banks sign cooperation agreement
IRAQ - Iraq and Sudan today signed a banking cooperation agreement. Central Bank Governor Dr Isam Rashid Huwaysh signed the agreement for Iraq, while Bank of Sudan Governor Dr Sabir Muhammad Hasan signed it for Sudan.
Argentina fears new bank closures
ARGENTINA - Argentina's economy minister moved Sunday to soothe fears that the country's banks were too unstable to open, saying "the financial system is working solidly."
Santomero - US growth likely 'bit slower' in Q2
US - Economic growth in the second quarter is likely to be a "bit slower" than the 5.8 pct growth rate in the January-March quarter, said Anthony Santomero, the president of the Federal Reserve Bank of Philadelphia.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting of 19 March 2002, released 9 May.
Federal Reserve Board Press Release, 9 May
PRESS RELEASE - Mail processed in a secure facility outside the Federal Reserve Board buildings has tested positive for traces of anthrax DNA.
BIS Press Release
PRESS RELEASE - International Association of Deposit Insurers to locate new secretariat in Basel, 8 May.