News
Armenian MPs discuss amendment on money laundering
ARMENIA - The Armenian parliament has discussed in its first reading a package of draft laws on amendments to the current Armenian laws "On banks and banking activities", "On the Central Bank of Armenia" and "On credit activities" submitted by the…
Colombian president against c bank money issue
COLOMBIA - President Alvaro Uribe Velez told the country today that he does not agree with a new issue of money by the Bank of the Republic to finance Colombia's fiscal problem.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 10 October.
European Central Bank Press Release
PRESS RELEASE - Monetary policy decisions, 10 October.
IMF News Brief
NEWS BRIEF - IMF Managing Director Horst Kohler to Visit Mauritania, Algeria and Tunisia during 14-21 October.
Brussels tells new members not to rush into euro
BELGIUM - Brussels may be holding open the door to 10 new European Union members in 2004 but there were warnings yesterday that the candidate countries should not rush to join the euro.
Non-US banks may secure Sarbanes-Oxley concession
BELGIUM - Non-US banks may win a significant concession on tough new US legislation on corporate governance and accounting.
Takenaka calls on BoJ to help fight deflation
JAPAN - Heizo Takenaka, Japan's economy minister and the new head of the Financial Services Agency, on Wednesday called on the Bank of Japan to co-operate with the government on tackling deflation.
Fraga urges candidates to clarify intentions
BRAZIL - Arminio Fraga, Brazil's central bank chief, on Wednesday called on the two remaining presidential candidates to deepen their commitment to sound economic policies and help calm investor concerns.
Irish central bank accused of acting like Rambo
IRELAND - Insurance brokers have accused the Central Bank of acting as a 'Rambo regulator' which discriminates against smaller brokerage operations.
Banking regulator and c bank could merge-Venezuela
VENEZUELA - The administration of Venezuelan President Hugo Chavez might eliminate bank regulatory agency Sudeban and transfer its powers to the central bank, local daily El Nacional reported.
Brazil imposes stricter bank equity requirements
BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.
Polymer notes not now: RBI
INDIA - The Reserve Bank of India has said that there is no immediate plan to introduce polymer or plastic currency notes to replace the existing paper notes.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - Hong Kong's Latest Foreign Currency Reserve Assets Figures Released, 7 October.
European Central Bank Public Consultation
CONSULTATION - Measures to improve the efficiency of the operational framework for monetary policy, 7 October. The proposed changes are of a technical nature with euro area credit institutions and banking and financial market associations addressed under…
Heikensten: Financial risks slow down recovery
PRESS RELEASE - First Deputy Governor Lars Heikensten of the Sveriges Riksbank today, 9 October, gave a speech under the heading "Some monetary policy issues" at the Center for Business and Policy Studies' (SNS) annual conference on the economic…
The Sveriges Riksbank Prize in Economic Sciences
PRESS RELEASE - The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002, winner announced, 9 October.
Balkans pact on division of gold
YUGOSLAVIA - Yugoslavia and four former Yugoslav republics have agreed to divide $87m (£55m) worth of gold left over from the Yugoslav federation, a Bosnian government spokesman said yesterday.
France faces formal Brussels rebuke
BELGIUM - France was yesterday left isolated and facing a European Union reprimand after blowing a hole in the credibility of the rules that underpin the euro.
Two Americans win Nobel Prize in economics
SWEDEN - The 2002 Nobel Memorial Prize for economics has been awarded to a psychology professor and a researcher who developed laboratory tests of economic theory.
Brazil c bank imposes stricter equity requirements
BRAZIL - Brazil's central bank has raised the equity requirement for banks holding US dollars, in a bid to halt the local currency's slide against the dollar, Brazilian central bank regulations director Sergio Darcy was quoted as saying by local press.
Bank of Spain makes pessimistic on economy
SPAIN - Jaime Caruana, governor of the Bank of Spain, yesterday announced the bank's economic predictions. The central bank is expecting growth this year of no more than 2 per cent, two tenths of a percentage point lower than the government's prediction.
Yugoslavia sees monetary stability behind reform
YUGOSLAVIA - Addressing Nis University School of Economy students late on Tuesday, National Bank of Yugoslavia (NBY) Governor Mladjan Dinkic presented the results of his two-year work, stressing that the achieved monetary stability was one of the most…
Polish central bank wants Poland in euro zone 2006
POLAND - The Polish National Bank (NBP) wants Poland to join the euro zone in 2006, but does not rule out that the entry will take a year later, PAP News Agency reported NBP Deputy Governor Andrzej Bratkowski as saying on Tuesday.