News
Deputy head of Central Bank of Russia appointed
RUSSIA - Central Bank of Russia chairman Sergey Ignatyev signed on Wednesday an order appointing Konstantin Korishchenko as his deputy, a source in the bank said Thursday.
Russian PM criticises central bank over inflation
RUSSIA - Russian Prime Minister Mikhail Kasyanov has pointed to continued favourable trends in the national economy but scolded the central bank over its lack of control over inflation.
Brazilian real hits new low as c bank cuts rates
BRAZIL - The Brazilian real has closed at a record low against the dollar after the country's central bank announced a surprise cut in interest rates.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 3 and 4 July, released 17 July. The Bank of England's Monetary Policy Committee voted 8-1 to leave interest rates at 4.0 percent for the eighth month running in July, the minutes showed.
IMF Extends Argentina's SRF Repayment by One Year
PRESS RELEASE - IMF Extends Argentina's SRF Repayment by One Year, 15 July.
Poland's c bank wants talks with finance minister
POLAND - The National Bank of Poland (NBP) has declared it wants dialogue with the finance minister following the 16 July presentation of his strategy, NBP president Leszek Balcerowicz has said.
Think tank recommends orderly change in Argentina
ARGENTINA - Argentine authorities must take care to avoid a chaotic and unpredictable restructuring of the country's fragile financial system, local economic think-tank Fundacion Capital (FC) said in a report on the financial system.
Solomons central bank gov warns of savings scam
SOLOMON ISLANDS - Central Bank Governor Rick Hou has dismissed rumours associating him with a scheme called the Family Charitable Fund, which purports to be a local agent for the Lady Diana Memorial Fund. The rumours alleged that the bank governor and…
One opposed last UK rate decision minutes reveal
UK - The men and women who set interest rates in the UK earlier this month voted overwhelmingly in favour of leaving interest rates unchanged at 4%, minutes of the rate decision meeting show.
BofE chief George saved from letter to chancellor
UK - The prospect of an imminent rise in interest rates receded yesterday after an unexpectedly sharp fall in underlying inflation to its lowest level for at least 27 years.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent, 16 July.
Bank of Japan Press Release
PRESS RELEASE - At the Monetary Policy Meeting held today, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period, 16 July.
Argentina overcomes debt hurdle for now
ARGENTINA - Argentina has won a year's extension on the repayment of a key loan from the International Monetary Fund.
BOJ keeps monetary policy unchanged
JAPAN - Japan's central bank left its monetary policy unchanged Tuesday to keep plenty of cash flowing in the financial system and help the nation's fledgling recovery.
Thai c bank chief rebukes PM over baht comments
THAILAND - Thailand's central bank chief Pridiyathorn Devakula on Monday criticised Prime Minister Thaksin Shinawatra for making bullish comments on the baht which has rallied to its highest level for two years. "The prime minister should not comment on…
Postal body gets BOJ online clearance
JAPAN - The public corporation that will replace the state-run postal services next April in Japan will be able to settle accounts with private banks in real time, officials said over the weekend. By gaining access to the Bank of Japan's transaction…
Stock exchange wants autonomy for Kenya's c bank
KENYA - The Nairobi Stock Exchange (NSE) board of directors want the Kenyan constitution to increase the autonomy of the Central Bank of Kenya (CBK).
Trichet may face trial after court ruling Tuesday
FRANCE - An investigating judge today ordered France's central bank chief to answer in court for his actions regarding the government bailout a decade ago of the then-state-owned bank Credit Lyonnais.
Bank of Canada raises rates for 3rd time this year
CANADA - The Bank of Canada on Tuesday raised its overnight interest rate to 2.75 percent from 2.5 percent to keep the soaring economy in check, but sounded a cautious note about the future, saying market uncertainty and corporate developments meant the…
Greenspan Testimony: Trust must be restored
US - The economy is poised to recover if the "infectious greed" on Wall Street can be brought under control, Federal Reserve Chairman Alan Greenspan said Tuesday.
IMF Statement - Economic Policies of the Euro Area
STATEMENT - Concluding Statement of the IMF Mission on the Economic Policies of the Euro Area, (in the Context of the 2002 Article IV Consultation Discussions with the Euro-Area Countries), 12 July.
IMF Press Release
PRESS RELEASE - Statement by Horst Kohler, Managing Director of the International Monetary Fund, on the Work Program of the Executive Board, 12 July.
"Anti-central bank" central banker promoted
BULGARIA - A peculiar choice has been made to replace Roumen Avramov on the Bulgarian National Bank's board of governors.
Chile's central bank cuts rates by 75 points
CHILE - Chile's central bank said on Thursday it cut interest rates by 75 basis points to 3.25 percent in a further attempt to stimulate sluggish consumer spending.