News
Croatian, Indonesian central banks sign agreement
CROATIA - The HINA news agency in Zagreb reported on Monday that an agreement on understanding and cooperation between the Croatian and Indonesian central banks was signed at the Croatian National Bank on Monday during the visit of a delegation of Bank…
Hungary: Central bank rejects PM's plea on rates
HUNGARY - Zsigmond Jarai has said that the current rate of interest is appropriate.
BoE's George says euro could help UK manufacturing
UK - Bank of England governor Sir Edward George said in Birmingham, England on Friday that the British manufacturing industry could benefit if the government opted to join the single European currency.
Central Bank of Costa Rica installs .NET
COSTA RICA - The Central Bank of Costa Rica has migrated its interbank electronic payments and transaction system (SINPE) to Microsoft Corp.'s .NET technologies.
Turkmenistan central bank chief sacked
TURKMENISTAN - Turkmenistan's President Saparmyrat Nyyazow on Friday dismissed the chairman of the central bank "for abuse of office and in connection with criminal proceedings against him".
Iranian c bank head denies excessive bank debts
IRAN - Governor of the Central Bank of Iran (CBI) Mohsen Nurbakhsh has said that the CBI's liabilities do not exceed 21bn dollars.
Bank research casts doubt on MPs' scrutiny
UK - Bank of England staff have investigated whether parliamentary scrutiny is as onerous in other countries after being wounded by the ferocity of parliamentary confirmation hearings for those nominated to the monetary policy committee.
Article on Christopher Allsopp's speech
ARTICLE - The article 'Why deflation may yet destabilise the monetary policy regime' by Stephen King in the Independent newspaper on Monday looks at a recent speech by Bank of England MPC member Christopher Allsopp.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - Monetary Policy Challenge winner announced, 18 September.
Inflation target regime debated in South Africa
SOUTH AFRICA - Economists briefing Parliament's finance committee endorsed the country's inflation targeting regime on Friday, but offered conflicting advice on how to improve it.
Japanese yields climb as bond auction fails
JAPAN - Japanese bonds headed for their biggest losing week in 3 years as a sale of 10-year government benchmark securities failed for the first time to attract sufficient bidders for the debt on offer.
MasterCard follows Visa in RBA court challenge
AUSTRALIA - Like Visa, MasterCard revealed on Friday that it will appeal the Reserve Bank of Australia's proposed changes to the credit card system.
Scotland to be first to print its own euros?
UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.
Greenspan to get honorary knighthood on Thursday
US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.
China revises internal bank rules
CHINA - China's central bank introduced revised rules on the internal controls of commercial banks yesterday, in a further effort to reduce the possibility of financial risks.
ECB's Quaden says Europe's economy struggling
BELGIUM - European Central Bank council member Guy Quaden said the economy is struggling to expand and higher oil prices may curb spending by companies and consumers.
Bank of Canada Press Release
PRESS RELEASE - Governor Credits Sound Economic Framework for Canada's Strong Performance, 18 September.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces Economic Research Fellowship Program, 18 September.
Norges Bank Press Release
PRESS RELEASE - Norges Bank keeps interest rates unchanged, 18 September.
Norges Bank Press Conference
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Excecutive Board of 18 September.
ECB Press Release
PRESS RELEASE - ECB hosts consultation on integration of short-term securities markets, 16 September.
Brazil leaves interest rates unchanged
BRAZIL - Brazil's central bank has said it will leave interest rates unchanged at 18% until after the forthcoming presidential election, following fresh concerns over the country's economy.
Canada's Dodge leans toward rate hike
CANADA - David Dodge, the governor of the Bank of Canada, indicated Thursday that external factors would guide the central bank's short-term monetary policy, but the bank's preference would be to raise interest rates to slow down the domestic economy.
Mid-Atlantic factory output edges up in Sept
US - Manufacturing activity in the U.S. mid-Atlantic region turned positive in September, providing a ray of hope that the summer slowdown in the factory sector was temporary.