News
Central bank head in Iran faces corruption trial
IRAN - Iran's judiciary revealed on Tuesday that it intended to go ahead with the trials of the oil minister, the governor of the central bank and other senior politicians as part of an anti-corruption drive launched by the supreme leader, Ayatollah Ali…
Turk PM says IMF reforms cut too much state power
TURKEY - Turkish Prime Minister Bulent Ecevit said on Wednesday some IMF-backed reforms may have cut state power too much and crisis-hit Turkey's priority must be a return to elusive growth.
Santomero - Govt must actively regulate markets
CZECH REPUBLIC - The lack of transparency in the financial system means that the government must retain a key role in regulating that system, Federal Reserve Bank of Philadelphia president Anthony Santomero said Wednesday.
Energy prices expected to spur Brazil's inflation
BRAZIL - Strong energy prices are likely to drive Brazil's inflation higher than initially expected this year and next, the country's central bank said Wednesday.
Rise in new home sales add to evidence of recovery
US - The US economy received more signals on Wednesday that a recovery was under way, but the latest reports fuelled speculation about the strength and speed the recovery might display.
Aid returns to Argentina
ARGENTINA - Argentina has received its first financial assistance since its economy went into a nosedive last year.
The Bank of Canada Launches a New $5 Bank Note
PRESS RELEASE - The Bank of Canada officially launched Canada's new $5 bank note into circulation today, 27 March.
Financial Stability Forum holds seventh meeting
PRESS RELEASE - The Financial Stability Forum (FSF), chaired by Andrew Crockett, General Manager, Bank for International Settlements, met on 25-26 March in Hong Kong SAR, 26 March.
ECB's Quaden - "More and more signs" worst over
BELGIUM - European Central Bank Governing Council member Guy Quaden welcomed Tuesday the latest reading in German business sentiment, calling it another sign that the euro-zone economy has turned the corner.
San Fran Fed sees silver lining in low saving rate
US - Americans are still not able to squirrel away huge chunks of cash for a rainy day, but we might not have to, a report released Monday by the Federal Reserve Bank of San Francisco suggested. And this may be especially true in the Bay Area.
Greek central bank sees eurozone CPI below 2 pct
GREECE - Greece's central bank expects a gradual recovery of economic activity in the eurozone this year with consumer inflation falling below 2.0 percent, governor Lucas Papademos said on Tuesday.
BOJ board voted 8-1 to keep policy unchanged 8 Feb
JAPAN - The Bank of Japan's policy board, at a Feb. 8 meeting, voted 8-1 to keep the bank's monetary policy stance unchanged, the BOJ said Tuesday.
Electronic signatures allowed for bank payment
VIETNAM - The State Bank of Vietnam (SBV) will announce regulations over the pattern and content of electronic documents to be used for payment services among banks next month, deputy governor Nguyen Van Giau said.
TFB calls for easing of credit card rules
THAILAND - TFB calls for easing of credit card rules Thai Farmers Bank Plc (TFB) is calling on the Bank of Thailand (BOT) to ease existing regulations on issuance of credit cards, Manager Daily said on 25 March.
Argentina's ex c bank chief charged with fraud
ARGENTINA - Former Economy Minister Roque Fernandez has been indicted for fraud against the public administration and his assets exceeding 70m pesos have been frozen over his alleged liability in the liquidation of the Banco Feigin, court sources have…
Monetary policy in a virtual economy, 27 March
FEATURE - The Reserve Bank launches a web-based monetary policy computer simulation game today whereby the player fights inflation by controlling interest rates in a virtual economy. You play the Governor of the central bank and failure to keep inflation…
NZ central bank launches monetary policy game
NEW ZEALAND - The Reserve Bank of New Zealand Wednesday launched a Web-based simulation game that tests players' skills at controlling consumer price inflation.
Polish MPC leaves rates steady despite pressure
POLAND - The National Bank of Poland (NBP) defied political pressure on Wednesday by leaving interest rates unchanged, matching market expectations but risking a run-in with the government over how to revive the economy, report Reuters.
European Central Bank Consultation Announcement
ANNOUNCEMENT - Consultation on electronic money systems security objectives, 19 March 2002.
BOK introduce financial asset based currency gauge
SOUTH KOREA - The central bank on Tuesday introduced more accurate measures of the nation's money supply based on financial assets, which provides an exact picture of liquidity in circulation reported The Korea Times.
IMF, World Bank mission to meet Russian c banker
RUSSIA - Officials of the International Monetary Fund and World Bank will arrive in Moscow next week to discuss the reform of Russia's banking sector with recently appointed central bank Chairman Sergei Ignatyev, a finance ministry official said Tuesday.
Dollar falls, Fed's McDonough says it's overvalued
US - The dollar slid more than half a cent against the euro and more than 2/3 of a yen Tuesday after New York Federal Reserve President William McDonough said the dollar may be "a little" overvalued.
ECB gold reserves - EUR55M
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined EUR55 million to EUR126.8 billion in the week ended 22 March, the European Central Bank said Tuesday.
McTeer says U.S. Fed has time to move on policy
CZECH REPUBLIC - Robert McTeer, president of the Federal Reserve Bank of Dallas, on Tuesday said the U.S. Federal Reserve has some time for policy adjustments but added that members of the rate setting FOMC remain open-minded on the issue.