News
ECB reassures Germany over crisis fears
The European Central Bank on Tuesday sought to allay fears of a banking crisis in Germany amid reports that the government and senior bankers had discussed emergency measures to bail out the financial system.
Fed's McDonough praises Brazil's new government
Brazil's new economic plan received support from William McDonough on Tuesday at a Latin American forum. New York Fed chief also praised Brazil's central bank head Henrique Meirelles.
Preparations for terror attack
A UK Treasury paper has looked at the idea of the goverenment taking direct control of key financial institutions, including the Bank of England, in the event of a September 11 style terrorist attack on London. The Treasury stressed it remains open…
Trichet to meet union reps on 28 Feb
Jean-Claude Trichet, the governor of the Bank of France, will hold talks with union representatives on February 28 to discuss the findings of a study carried out by Yves Barroux, general secretary of the bank, on its retail network. The bank's employees…
Incoming B of E chief King prepared to lose vote
Mervyn King a noted hawk on the Bank of England's Monetary Policy Committee has said he is prepared to vote against the majority if necessary when he takes up his post as governor in the summer.
McCreevy set to support Austrian ECB candidate
Ireland is likely to support Austrian central bank deputy governor Gertrude Tumpel-Gugerell's candidacy for a place on the ECB board, reports the Irish Times.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces First Research Fellowship Awards, 26 February.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - IMF Mission forecasts a faster growth rate for Hong Kong in 2003.
China's central bank unveils interest rate policy
China's central bank has unveiled its market-oriented proposals on interest rate policies.
Hungarian central bank raises one-day rate
According to Zsigmond Jarai, chairman of the National Bank of Hungary, the storm of speculation against the forint [Hungarian currency] has ended. Most of the so-called hot money which has flown into the country has left the country.
Fraser silent on Iraqi-Australia gold deal
A magazine has suggested Australia was paid a large sum of gold in 1991 as part of an export deal.
Race to head European Central Bank heats up
Christian Noyer has apparently intimated he is willing to take on the job of president of the European Central Bank when Wim Duisenberg retires in July, says Forbes magazine.
Shiokawa to press new BOJ gov to relax mon policy
Finance Minister Masajuro Shiokawa is set to ask Bank of Japan (BOJ) Governor designate Toshihiko Fukui to further relax the central bank's monetary policy.
Edward George says ECB slow on rate cuts
Sir Edward George, governor of the Bank of England, speaking in London today hinted that the ECB had been slow to cut interest rates when he remarked that the ECB is "less proactive" in monetary policy terms than the UK's central bank. CentralBankNet was…
Brazil's interest rate increase wins IMF support
The IMF praised Brazil's central banks decision to increase interest rates saying that the move will help control inflation.
RBI issues risk management guidelines
In its guidelines on country risk management, the Reserve Bank of India has asked banks to address issues of identifying, measuring, monitoring and controlling country exposure risks in their country risk management policies.
Sveriges Riksbank Press Release
PRESS RELEASE - Heikensten: Inflation rise expected to be temporary. Riksbank Governor Lars Heikensten spoke at a meeting organised by Hammarby bandy club on the subject of "Some monetary policy issues" on 20 February.
Bulgaria's central bank deputy governor resigns
Deputy governor Martin Zaimov has resigned from Bulgaria's central bank. The move was described as a surprise as Zaimov had been tipped by many to take over from the governor, who leaves the Bank this summer.
Japan warns on deflation at G7 meeting in Paris
With Japan continuing to suffer the effects of deflation, finance minister Shiokawa has warned that increased threats of war may make the prospect of deflation more serious for the world.
Duisenberg: ECB may cut rates further
Speaking at the weekend Wim Duisenberg suggested the ECB could cut interest rates further and said a weakened outlook for the euro zone economy could reduce inflationary pressures.
Report says Kanu MP's want CBK boss sacked
Apparently Kenyan MP's are calling for the removal of the central bank governor Nahashon Nyagah over his involvement in a bank collapse.
BofE Nickell: Financial market weakness to persist
In an interview Stephen Nickell of the Bank of England's Monetary Policy Committee said that the Bank's recent interest rate reduction was unlikely to trigger another round of rapid house price increases in the UK. Professor Nickell has regularly voted…
Sveriges Riksbank Press Release
PRESS RELEASE - Agreement between the Riksbank and Finansinspektionen on the division of labour with regard to financial stability, 24 February.
Fukui appointed BoJ governor
Toshihiko Fukui was today nominated to replace Masaru Hayami as governor of the Bank of Japan. Prime Minister Koizumi's decision to appoint a conservative figure like Fukui has already been criticised for showing a lack of commitment to tackle deflation.