News
MPs send amendment to law on CNB to final reading
CZECH REPUBLIC - The Chamber of Deputies today sent to a final reading the government-sponsored amendment to the law on the Czech National Bank (CNB), which corrects the drawbacks of the previous amendment criticised by the European Union.
IMF supports Indonesian plan for independent team
INDONESIA - Finance Minister Boediono said that the International Monetary Fund (IMF) has lent its support to plans to create an independent team to determine the burden-sharing for the controversial Bank Indonesia emergency loan (BLBI).
Peru's central bank moves to inflation targeting
PERU - Peru's central bank has made inflation targeting its main tool for signalling the direction of monetary policy, Central Reserve Bank of Peru President Richard Webb said Tuesday.
Reserve Bank of Australia - Media Release
MEDIA RELEASE - Senior Management Changes, 29 January.
Hayami says weak yen no solution to Japan's woes
JAPAN - Bank of Japan Governor Masaru Hayami said on Tuesday it was neither possible nor desirable for Japan to try manipulating foreign exchange rates, maintaining that a weaker yen was no solution to its economic woes.
Fischer suggests managed floating currency system
INDIA - The Indian monetary policy of not trying to peg a particular value for the rupee was good economics, Stanley Fischer said here today. The former first deputy managing director of the International Monetary Fund was speaking at a seminar organised…
IMF News Brief, 28 January
NEWS BRIEF - IMF, World Bank and IDB Working Closely to Help Argentina.
Argentina seeks US backing
ARGENTINA - Argentina's government has begun crucial financial talks in Washington, as forecasts show the economy is set to contract sharply this year despite the devaluation of the peso.
Japan jobless rate hits new high
JAPAN - Japan's unemployment has reached a new record high of 5.6%.
IMF team says dollar best currency for Afghanistan
AFGHANISTAN - A team of International Monetary Fund and World Bank experts visiting Afghanistan said on Tuesday it would make sense for the country to switch to the U.S. dollar in the short term.
ECB's Issing points to signs of recovery
SPAIN - Otmar Issing, the chief economist of the European Central Bank, said in an interview "the first signs of recovery are now appearing, but we still have to see what will be its scale. And we cannot rule out that it will end up being stronger than…
Australia's Res Bank appoint head of domestic mkts
AUSTRALIA - The Reserve Bank of Australia said Tuesday it has appointed Philip Lowe as head of its domestic markets department.
Govt plans supervisory board for Bank Indonesia
INDONESIA - The government plans to set up a supervisory board within Bank Indonesia as one of several measures under the new central bank bill to increase its accountability.
Bank of Latvia president nominates his deputy
LATVIA - Bank of Latvia president Ilmars Rimsevics has nominated as his deputy Andris Ruselis, the vice-president of Balta and Latva insurance companies, reported the Latvian parliament press service.
China considers central bank role
CHINA - China's policy makers appear to be contemplating the future role of the People's Bank of China as banking supervisor as the country prepares to open its financial system to foreign competition.
IMF official calls for Japan deflation deadline
US - A top International Monetary Fund (IMF) and former Japan Finance Ministry official said on Friday the Bank of Japan should set a deadline to end deflation and stop a cycle of falling prices in the world's second largest economy.
Argentine economy 'to shrink by 5%'
ARGENTINA - Argentina's economy is set to contract sharply this year, despite the devaluation of the peso. The country has been in recession for four years now
Wellink - Euro may add 0.25% to Dutch inflation
NETHERLANDS - Dutch Central Bank President and European Central Bank governing council board member Nout Wellink said Monday he expected the introduction of the euro to add around a quarter of a percentage point to inflation in the Netherlands.
Credit card clean-up in Australia
AUSTRALIA - The Reserve Bank of Australia is poised to make sweeping changes to credit card regulations in 2002. Should it prohibit the banks' interchange fee structure, as has already been flagged, Australia's banks will lose a collective $A400 million…
Noyer - Rate cut possible, strong dollar a worry
GERMANY - European Central Bank Vice-President Christian Noyer says a slight cut in interest rates depends on the speed of economic recovery and the behaviour of wage negotiators, the Boersen-Zeitung reports.
Decision on Noyer successor possible in March
GERMANY - A decision on the successor to European Central Bank Vice President Christian Noyer is possible at the forthcoming EU summit in March, the Boersen-Zeitung reports, citing EU currency affairs commissioner Pedro Solbes.
Reserve Bank of Australia - Media Release
MEDIA RELEASE - Appointment of Dr Malcolm Edey as Assistant Governor (Economic), 23 January 2002.
Reserve Bank of New Zealand - News Release
NEWS RELEASE - Reserve Bank of New Zealand OCR unchanged at 4.75 per cent, 23 January.
Sjahril's verdict on 6 March
INDONESIA - The Central Jakarta District Court is scheduled to present its verdict on Bank Indonesia Governor Sjahril Sabirin on 6 March.