News
New Zealand bank governor resigns
NEW ZEALAND - The Reserve Bank of New Zealand governor Don Brash has stepped down after 14 years in the top job to make a new career for himself as a politician.
Polish rate cut too shallow - Fin Min
POLAND - The National Bank of Poland's (NBP) rate cuts on Thursday confirmed the bank's support for the leftist government's economic programme, but Finance Minister Marek Belka hoped for deeper cuts, his spokesman said.
Argentina appoints new economy chief
ARGENTINA - Argentina's President Eduardo Duhalde has named the free market economist Roberto Lavagna as his new economy minister.
US economic growth soars
US - Economic growth in the US soared to 5.8% during the first three months of 2002, the US Commerce Department has reported.
Woman economist takes MPC post at BofE
UK - A female city economist is to replace Sushil Wadhwani on the Monetary Policy Committee (MPC) in the latest merry-go-round at the Bank of England.
BOK union criticises gov't MPC meddling
SOUTH KOREA - The Ministry of Finance and Economy should stop intervening in appointments of interest-setting Monetary Policy Committee (MPC) members, the labor union of the Bank of Korea asserted yesterday.
St Louis Fed's Poole - Must guard for inflation
US - In a speech on productivity at a University of Missouri-sponsored dinner, Poole said that for the U.S. economy to enjoy the higher living standards and faster trend rate of economic growth offered by increases in productivity - or worker output per…
European Central Bank Press Release
PRESS RELEASE - Evaluation of the 2002 cash changeover, 24 April.
HM Treasury Press Release
PRESS RELEASE - Chancellor announces new appointee to the Monetary Policy Committee, 24 April.
Richmond's Broaddus says US recovery appears solid
US - Richmond Federal Reserve President Alfred Broaddus on Wednesday expressed confidence that the U.S. economic rebound would prove to be a solid one, but said the Fed needs more information to gauge the recovery's pace.
Central bank invite non-resident to invest in Iran
IRAN - The Governor of the Central Bank of Iran(CBI) Mohsen Nurbakhsh called on the non-resident Iranians to invest in Iran and use their assets to buy shares from Tehran exchange market.
Brazil's central bank plans new payments system
BRAZIL - The Central Bank of Brazil will put in place a new payments system for large transactions, Sistema de Pagamentos Brasileiro, in 2002, following guidelines from the Basel-based Bank for International Settlements.
World growth set for recovery - OECD
FRANCE - The world is set for a strong economic recovery next year, according to a leading international organisation.
Ignatyev sets priorities for central bank policy
RUSSIA - Central Bank CEO Sergei Ignatyev reported on new priorities for the Russian banking system on 24 April.
IMF shows support for Hong Kong dollar peg system
HONG KONG - The International Monetary Fund Thursday voiced strong support for Hong Kong's currency peg system to the U.S. dollar, and said it hasn't eaten into the regions economic growth.
Argentina tightens banking freeze
ARGENTINA - Argentina's Congress has passed a law aimed at rescuing the country's banks by making it more difficult for savers to withdraw their cash.
China reaffirms separation of banking, regulation
CHINA - The People's Bank of China, the country's central bank, has turned down the calls for removal of the wall between the banking, insurance and securities sectors, reaffirming that the wall will remain there for now.
Jarai should remain as chief of Hungary's c bank
HUNGARY - Zsigmond Jarai will remain in his position as head of the National Bank of Hungary (MNB), Peter Medgyessy, the probable next prime minister of Hungary told reporters on Monday.
IMF official-Japan ought to adopt inflation target
JAPAN - The Bank of Japan needs to adopt an inflation target to stop price falls within 12-18 months, an International Monetary Fund official said Tuesday.
Hayami - 'Stupid' to ask me if about to resign
JAPAN - Bank of Japan Governor Masaru Hayami shot down speculation that he might resign before his five year term ends next March.
Poland may be some way off euro entry
POLAND - Poland will not join the European monetary union earlier than in 2007, believes Krzysztof Jakubiszyn, advisor to the chief of the central bank.
Russian Duma confirms new c bank deputy chairmen
RUSSIA - Russia's lower house of parliament confirmed central bank deputy chairmen Oleg Vyugin and Andrei Kozlov, two state finance veterans, to the board of the central bank on Wednesday.
Economy minister quits amid crisis in Argentina
ARGENTINA - Argentina's economy minister resigned from office yesterday, throwing the country's economic course into question and the government into fresh disarray.
ECB Press Release
PRESS RELEASE - The European Central Bank's Annual Report 2001, 23 April 2002.