News
Argentine economy minister to meet US' O'Neill
ARGENTINA - Argentine Economy Minister Jorge Remes Lenicov, seeking IMF aid to help stabilize a brutal recession, will meet with U.S. Treasury Secretary Paul O'Neill during an upcoming trip to Washington, Argentine officials said late on Tuesday.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 28 February, released 16 April.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada raises overnight rate target by 1/4 percentage point to 2 1/4 per cent, 16 April.
Canada raises interest rates on "robust" economy
CANADA - Citing evidence of a robust economic recovery, the Bank of Canada on Tuesday increased the overnight interest rate to 2.25 percent, up from a 40-year low of 2 percent.
Ignatyev to submit nominees for central bank board
RUSSIA - Chairman of the Central Bank of Russia, Sergei Ignatyev, plans to submit three candidates for the CBR board of directors to the State Duma, lower house of parliament, in the next few days, a Duma source said on Tuesday.
UK inflation edges higher
UK - New figures have shown that UK inflation edged slightly higher in March.
Japan's credit rating lowest among G-7 nations
US - Japan's credit ratings were cut to "AA-" by Standard & Poor's, the third reduction in 14 months for the world's second-biggest economy.
BOJ voted 8-1 to maintain target on 28 Feb
JAPAN - The Bank of Japan's Policy Board, at its 28 February meeting, voted 8-1 to maintain the target for financial institutions' current account deposits at the central bank at 10 trillion to 15 trillion yen, the BOJ said Tuesday.
Zambia replaces c bank governor Mwanza
ZAMBIA - Zambian President Levy Mwanawasa has terminated the contract of central bank governor Jacob Mwanza with immediate effect, presidential spokesman Arthur Yoyo said on Tuesday.
Klein to consider his position if c bank reformed
ISRAEL - Bank of Israel Governor David Klein says he'll have to consider his future if the Bank of Israel Law governing the central bank is revised according to the Finance Ministry's proposal it is reported.
WGC reaffirms, central banks should not sell gold
AUSTRALIA - The World Gold Council is continuing to ask European central banks to leave their reserves alone rather than putting quantities of gold up for auction, WGC managing director Robert Weinberg said Tuesday.
Remarks on the IMF Mission in Argentina
PRESS BRIEFING - Introductory Remarks on the Role of the IMF Mission in Argentina, Anoop Singh, Director for Special Operations, IMF, Press Briefing, Buenos Aires, 10 April, 2002.
Bank chief explains UK euro delay
UK - Sir Edward George, the governor of the Bank of England, has placed the loss of control over interest rates as a major reason behind the UK's reluctance to adopt the euro.
Greek to be Europe's number two banker
GREECE - Greek central banker Lucas Papademos, the hot favourite for the job, has been appointed vice president of the European Central Bank.
Russian c bank dep head tipped for new appointment
RUSSIA - Russian Central Bank first deputy chairperson Tatyana Paramonova may become head of Sberbank [Russian Savings Bank], the Gazeta paper says in today's issue.
EU to warn Kabul on monetary framework
AFGHANISTAN - European Union foreign ministers will today warn the Afghan government it can expect little in the way of budgetary support unless the government starts establishing a transparent fiscal and monetary system.
No compromise on Bank of Israel law
ISRAEL - Parliament will be asked this week to approve a redefinition of the Bank of Israel's powers that the central bank opposes.
ECB's Duisenberg-euro's reserve role slowly rising
SPAIN - The euro's use as an international currency is rising but only gradually, European Central Bank President Wim Duisenberg said on Sunday.
Greece looks for Papademos replacement at cen bank
GREECE - Greece is likely to pick Panagiotis Thomopoulos or Nick Garganas, both deputy Bank of Greece governors, to succeed Lucas Papademos as head of the country's central bank, the Greek press said on Monday.
SA Reserve Bank hits back at its critics
SOUTH AFRICA - The Reserve Bank has mounted a counter attack against bankers who told the rand commission that the rand's crash last year was caused in part by the Bank's October circular enforcing exchange controls more strictly.
Taiwan's central bank head to attend ADB meeting
TAIWAN - Central Bank Governor Perng Fai-nan will attend the annual meeting of the Asian Development Bank to be held in Shanghai next month, Cabinet officials have revealed.
Financial Stability Forum Press Release, 11 April
PRESS RELEASE - First FSF regional meeting with central and eastern European authorities. The Financial Stability Forum (FSF) today held its first regional meeting with central and eastern European countries at the European Bank for Reconstruction and…
Deutsche Bundesbank Press Release, 11 April
PRESS RELEASE - Appointment of external auditors of the annual accounts for 2002.
UK MPC member says further rate cuts not ruled out
UK - UK interest rates may still fall again if the world economy takes a turn for the worse, while the first increase in borrowing costs could be some way off, a member of Britain's monetary policy team told the Times.