News
BOJ Hayami: Decision on successor not imminent
The appointment of the next Bank of Japan (BOJ) governor is not imminent, and it will take some time for a decision to be reached, current governor Masaru Hayami was quoted as saying on Monday. On Friday we reported how there were conflicting statements…
Bank of Canada's Malcolm Knight appointed at BIS
After a four month search the BIS finally announced who would replace Andrew Crockett at the Bank for International Settlements on Monday. The new General Manager will represent the first non-European in the BIS's 73 year history.
Bank of Canada Press Release
PRESS RELEASE - Senior Deputy Governor Malcolm Knight appointed new General Manager of the Bank for International Settlements, 13 January.
Issing: CPI risks balanced, downside growth risks
The European Central Bank still believes euro-zone economic growth will gradually recover this year, while inflation will slowly fall back below 2%, ECB Chief Economist Otmar Issing said in a speech on Monday.
Dollar hits three-year low against the euro
The dollar fell to a three-year low against the euro Thursday, as investors continued to lose confidence in US assets and expectations grew of an imminent Iraqi war.
Jamaica introduces deposit requirements
The Bank of Jamaica (BOJ) has instituted a so-called Special Deposit Requirement for commercial banks and institutions licensed under the Financial Institutions Act.
Bank of Jamaica Press Release
PRESS RELEASE - Bank of Jamaica Special Deposit, 9 January.
BoJ can take bolder measures: Takenaka
The Bank of Japan (BoJ) could take more radical action to boost the ailing economy such as setting an inflation target, Financial Services and Economy Minister Heizo Takenaka said on Friday.
Klein: Israel should rely less on foreign workers
Israel must take urgent action to reduce the number of foreign workers, Bank of Israel Governor David Klein said on Thursday night in a lecture to the Israel-Japan Chamber of Commerce in Tel Aviv.
Dinkic is a "collaborator": Mihajlovic
Embattled police minister Dusan Mihajlovic has lashed back at allegations against him by National Bank Governor Mladjan Dinkic.
Israel's PM summons bank governor over gaffe
Prime Minister Ariel Sharon summoned Governor of the Bank of Israel David Klein for an urgent meeting, following Klein's comments in the media in recent days, it was reported.
Bank of England Press Release
PRESS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 9 January.
European Central Bank Press Release
PRESS RELEASE - Monetary policy decisions, 9 January.
Trial of French bank chief suspended
The trial of French central bank governor Jean-Claude Trichet and eight others over alleged false accounting took a four-day break late Wednesday owing to problems caused by a parallel probe into the matter. The case is now expected to resume on Monday.
Eurozone interest rates held steady at 2.75%
The European Central Bank on Thursday left interest rates in the eurozone unchanged following a half-point cut in December, despite a series of data which have suggested stuttering growth in the 12-nation bloc.
BOJ's Hayami to attend BIS meeting in Basel
Bank of Japan Governor Masaru Hayami is due to visit Basel, Switzerland, from Friday to attend a meeting of the Bank for International Settlements (BIS), the central bank said.
Transfer of Afghan money to Pakistan not illegal
The governor of the Afghan Central Bank, Anwar Ahadi, has said that the transfer of Afghan money to Pakistan or other countries is not illegal.
Japan cleanup push may not spur policy offensive
Sources familiar with central bank thinking say the BOJ views the disposal of bad loans as Japan's most significant domestic economic issue but doesn't expect the impact of the disposal process will be severe.
Russian central bank to withdraw foreign capital
This year the Russian central bank plans to significantly reduce its share in Russian foreign banks and will withdraw from their capital fully at the beginning of 2004.
Euro coins spend their first year at home
The euro has made life easier for travellers between the 12 countries that adopted the single currency a year ago. But euros appear to be more of a stay-at-home coinage than expected.
ECB chief welcomes strengthening euro
European Central Bank (ECB) president Wim Duisenberg on Thursday welcomed the recent rise in the value of the euro, and said he did not see it endangering the eurozone's competitiveness.
Central Bank of Ireland Press Release
PRESS RELEASE - Central Bank to exchange Irish notes and coins indefinitely, 30 December.
Central bank to exchange Irish money indefinitely
The central bank of Ireland has said that it will continue to exchange Irish banknotes and coins into euros over the coming years.
Germany to face warning on deficit rules breach
Gerhard Schroder will today, Wednesday, be told by Brussels officials to increase efforts to tackle Germany's economic problems as speculation increases that the country will break the euro's budget deficit rules, the stability and growth pact, for a…