News
Russian gov't seeks central bank draft law changes
RUSSIA - The Russian government will press for a revision of a number of amendments to the draft law on the Central Bank the State Duma (lower house) proposed Friday, Deputy Prime Minister and Finance Minister Aleksey Kudrin has said.
Korean financial supervisory system to be assessed
SOUTH KOREA - The International Monetary Fund (IMF) and the World Bank are expected to evaluate Korea's progress in establishing effective frameworks for supervising banks, insurers and securities firms during a 14-day assessment program on the country's…
Supervision expert to head new German regulator
GERMANY - German Finance Minister Hans Eichel will appoint banking supervision expert Jochen Sanio later this month to head Germany's new financial markets super-regulator, German media reported on Saturday.
Russian c banker in court for abuse of office
RUSSIA - The Zamoskvoretskiy intermunicipal court in Moscow begins proceedings in the criminal case involving Aleksandr Alekseyev, deputy head of the Russian Central Bank's main territorial directorate for Moscow, ITAR-TASS reports.
Steep rise in Argentine inflation expected
ARGENTINA - Prices will rise 45 percent this year in Argentina, Deputy Economy Minister Jorge Todesca said in an interview published in Pagina 12 newspaper on Sunday.
Iran judiciary says has no plans to try ministers
IRAN - Iran's judiciary denied on Sunday persistent media reports it planned to summon Oil Minister Bijan Zanganeh and Central Bank Governor Mohsen Nourbakhsh to court to face corruption charges.
Bangladesh to close 500 bank branches
BANGLADESH - The central bank in Bangladesh has disclosed a plan to close down 500 branches of state owned commercial banks which were incurring losses over the last five years.
Central Bank changes worry forex market
UGANDA - The forex market has been unnerved by Bank of Uganda's decision to intervene discreetly rather than announce its specific actions in the market.
New BOJ policy members tread conventional lines
JAPAN - The Bank of Japan's newly appointed board members adopted a conventional line on monetary policy in their debut public appearance on Friday, in stark contrast to a maverick pro-easing member whom they replaced.
Fed's Broaddus - Fed committed to price stability
US - US Federal Reserve policymakers aren't "resting on our laurels" with regard to their primary goal of price stability, said Alfred Broaddus, president of the Federal Reserve Bank of Richmond.
Agency under attack over bad debts in Japan
JAPAN - Japan has been too slow to clear up the bad debt problem plaguing its banking sector, Masajuro Shiokawa, finance minister, has said.
Taiwan has third largest currency reserve in world
TAIWAN - Taiwan's currency reserves continue to accumulate and at the end of March they reached the historic level of $128.03 billion, the island's Central Bank announced on Friday.
Deputies to G-7 finance chiefs to meet in London
UK - The deputies to the Group of Seven industrial nations' finance ministers will meet in London Thursday, sources told Jiji Press Saturday.
Polish PM scales back anti-central bank rhetoric
POLAND - Polish Prime Minister Leszek Miller softened hostile rhetoric against the country's central bank on Sunday but kept intact the message that bankers should stop damaging the limp economy with high interest rates.
WGC responds to speculation on Buba gold reserves
GERMANY - The World Gold Council has responded to speculation arising out of recent statements made by the President of Germany's Bundesbank and others by giving its reasons why the Deutsche Bundesbank should continue to hold its gold reserves.
Poland's c bank intends to cut mandatory reserves
POLAND - Poland's central bank NBP intends to decrease the level of mandatory reserves to 2% from the current 4.5% with the aim of adjusting the Polish system in line with EU standards, according to the NBP's task schedule for 2002-2004.
Bank of England News Release
NEWS RELEASE - Appointments at the Bank of England, 4 April.
Summer changes expected on Bank's MPC committee
UK - Ian Plenderleith, a member of the Bank of England's monetary policy committee since its first meeting in June 1997, is to retire when his term finishes at the end of May.
Central bank of Gambia to introduce new bank notes
GAMBIA - The Central Bank of The Gambia (CBG) is to discontinue the practice of exchanging bank notes that are fit for reissue for new uncirculated bank notes to members of the public effective 15 April.
Norway c bank governor points to debt risk
NORWAY - Norway's central bank governor Svein Gjedrem reiterated on Friday that high credit growth posed a risk to the Norwegian oil-backed economy.
New Azeri coins commemorate medieval poet
AZERBAIJAN - The National Bank of Azerbaijan has issued two types of gold and silver commemorative coins of a face value of 100 and 50 manats respectively.
Argentine c bank says banks can release funds Jan
ARGENTINA - The Argentine Central Bank said on Friday it would allow commercial banks next January to release deposits which have been frozen in their vaults since late last year to the fury of depositors.
Estonian c bank end March reserves up 4.6 pct m/m
ESTONIA - The Estonian central bank said on Friday its gold and foreign currency reserves rose 4.6 percent to 13.9 billion kroons ($781.3 million) by the end of March versus 13.3 billion at end-February.
Ecofin's Rato sees deal on ECB's Noyer in Oviedo
SPAIN - Spanish Economy Minister Rodrigo Rato said on Friday he expected European finance ministers to agree next week on a replacement for the vice president of the European Central Bank, Christian Noyer.