News
ECB's Duisenberg defends his wife in passport row
The long running saga of Gretta Duisenberg's Palestinian flag flying continues with her visit to the Israeli-occupied West Bank. She has been told she can't use her diplomatic passport for private travel but claims not to have another passport.
New bank chief vows to control Brazil's inflation
Henrique Meirelles, who took over as president of Brazil's central bank on Tuesday said a tight grip would be kept on inflation but said it might take longer than expected to meet current targets. He also reassured investors he would be backed by…
Czech national bank may adopt euro in 2007
The Czech National Bank (CNB) has put its weight behind the Finance Ministry's plans for public finance reform, saying that the country should prepare for adoption of the euro in 2007.
Argentina complies with IMF currency restrictions
Argentina's central bank on Tuesday night fully lifted all currency market controls with the dual goal of maintaining the current price of the dollar and complying with the demands of the International Monetary Fund.
Islamic banking conference scheduled for March
A prestigious conference on Islamic banking and finance titled 'Adapting to a Rapidly Changing Regulatory and Financial Environment' is set to take place in Bahrain. The speaker list includes three central bank governors.
Fed's Guynn says U.S. laying base for solid growth
Atlanta Federal Reserve Bank President Jack Guynn said on Monday the U.S. economy may grow only slightly faster this year than in 2002, but recent economic adjustments have laid the base for solid future growth.
New China central bank chief pledges stable policy
China's newly appointed central bank governor Zhou Xiaochuan has pledged to keep monetary policy stable this year and improve financial services to help spur economic growth, it was reported on Tuesday.
First victory for Trichet in fraud trial
Bank of France Governor Jean-Claude Trichet had a successful first day on Monday in the trial over his alleged role in one of France's largest ever banking scandals when the presiding judge rejected a request for the trial to be delayed by one year to…
Takenaka says govt expectations of BOJ 'very high'
Japan's Financial Services and Economics Minister Heizo Takenaka said on Tuesday that the government is working hard to overcome deflation and its expectations for the Bank of Japan's policies are "very high".
Economist meeting debates technology growth
Seven thousand economists from around the world examined the impact of globalization and information technology, during a weekend gathering in Washington, concluding that the period 1995 to 2000 saw a likely once only increase in technological gains…
Soberon - Cuban bank system had a successful 2002
Cuba managed to maintain monetary stability in 2002, despite difficult tests faced by its banking system in 2002 as a result of the world economic crisis and its effects on the island, Francisco Soberon, president of the Central Bank of Cuba, has said.
Garganas calls for ECB to change its rules
The eurozone's policy framework suffered a further blow when a leading central banker called for a key change in the way interest rates are set. The criticism comes after the ECB was forced to defend the stability and growth pact. However this time the…
Unicon appointed central bank auditor in Russia
Unicon/MS Consulting Group has been appointed as the main auditor of the central bank of Russia for 2002. The bank's PR department said that this decision was reached at a meeting of the National Banking Council chaired by Alexei Kudrin on 30 December.
Argentine senate approves central bank chief
Argentine lawmakers have approved the 2003 budget and ratified the new central bank chief Alfonso Prat-Gay, helping President Eduardo Duhalde's efforts to secure an aid agreement with the International Monetary Fund.
Man threatens to fly plane into ECB headquarters
A man stole a plane at gunpoint and flew it amid Frankfurt's skyscrapers on Sunday, threatening to crash it into the headquarters of the European Central Bank.
Bank of France's Trichet begins fraud trial
Bank of France governor Jean-Claude Trichet, tipped as the next president of the European Central Bank, was due to stand trial over a decade-old banking scandal on Monday. He denies all charges.
Minutes from the Sveriges Riksbank Board meeting
MINUTES - Minutes of the Sveriges Riksbank Executive Board meeting on 4 December, published 19 December. The Executive Board decided to lower the repo rate by 0.25 per cent, although second deputy governor Eva Srejber entered a reservation against the…
Call for Bank of Japan to adopt inflation target
The Japanese government will urge the Bank of Japan to adopt an inflation target, an influential member of the ruling Liberal Democratic party said Sunday. The comments follow those of Chief Cabinet Secretary Yasuo Fukuda who said last week that an…
Dai Xianglong leaves People's Bank of China
China has replaced its longtime central bank governor, putting a former stock market regulator in charge as it prepares to open its banking industry to foreign competition.
Yugoslav, Greek national banks sign agreement
National Bank of Yugoslavia (NBY) and National Bank of Greece governors Mladjan Dinkic and Nicholas Garganas on 27 December signed an agreement on bilateral cooperation, including data exchange on business operations and bank control.
Ukraine's new central banker praises predecessor
Serhiy Tyhypko, Ukraine's new central bank chief submitted a request on quitting parliament to the parliamentary speaker on 26 December as he was elected governor of the National Bank of Ukraine. Tyhypko praised highly the achievements of the previous…
Mfula appointed Bank Of Zambia deputy governor
President Mwanawasa has appointed Bank of Zambia (BoZ) regional director, Felix Mfula as deputy Governor (administration) for the central bank. Mr Mfula's appointment comes into effect immediately.
Bies on credit availability for small businesses
SPEECH - In the speech 'Credit Availability for Small Business' Susan Bies of the Federal Reserve emphasised the importance of small businesses to the Federal Reserve saying that they are critical to the strength and vigor of the U.S. economy.
Report to show Japan's banks failing capital test
A comprehensive study of Japan's financial system being carried out by the International Monetary Fund will reveal that the capital adequacy of a number of Japanese banks falls below international requirements, according to a former IMF economist.