News
NZ central bank has six months to replace Brash
NEW ZEALAND - The Reserve Bank of New Zealand said in a statement released Monday that it will advertise the position of governor locally and overseas - a decision that leaves the door open for an external candidate to fill the role vacated by Don Brash…
Central banker may become road sweeper in Russia
RUSSIA - After more than a decade running the Russian Central Bank, Viktor Gerashchenko says he'll try his hand as a street sweeper if his pension payments don't come through soon.
Dep gov, Thomopoulos, interested in becoming chief
GREECE - Bank of Greece's depupy-governor, Panagiotis Thomopoulos, on Friday expressed his interest in replacing Mr Lucas Papademos at the central bank's head.
Ireland asks - Please be gentle with your euros
IRELAND - The new euro notes are taking a battering in Ireland. Despite being in circulation only four months some of them have deteriorated to such an extent that they will have to be replaced.
Duma votes for second reading on c bank law
RUSSIA - The Russian State Duma at its Friday plenary meeting voted unanimously (with 366 votes) to return amendments to the law on the Central Bank for a second reading.
RSA to delist from Securities Exchange on 2 May
SOUTH AFRICA - The South African Reserve Bank (SARB) will delist from the JSE Securities Exchange from the start of business on 2 May after the required number of shareholders voted in support of the move, it said on Friday.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Brash resigns, 26 April.
Reserve Bank of New Zealand News Release
NEWS RELEASE - RBNZ: business as usual, 26 April.
PBOC to regulate online banking in China
CHINA - Banks opening online-banking services for the first time need to have their headquarters file an application with the People's Bank of China (PBOC), its branches or business-management departments, according to interim measures regulating online…
New Zealand bank governor resigns
NEW ZEALAND - The Reserve Bank of New Zealand governor Don Brash has stepped down after 14 years in the top job to make a new career for himself as a politician.
Polish rate cut too shallow - Fin Min
POLAND - The National Bank of Poland's (NBP) rate cuts on Thursday confirmed the bank's support for the leftist government's economic programme, but Finance Minister Marek Belka hoped for deeper cuts, his spokesman said.
Argentina appoints new economy chief
ARGENTINA - Argentina's President Eduardo Duhalde has named the free market economist Roberto Lavagna as his new economy minister.
US economic growth soars
US - Economic growth in the US soared to 5.8% during the first three months of 2002, the US Commerce Department has reported.
Woman economist takes MPC post at BofE
UK - A female city economist is to replace Sushil Wadhwani on the Monetary Policy Committee (MPC) in the latest merry-go-round at the Bank of England.
BOK union criticises gov't MPC meddling
SOUTH KOREA - The Ministry of Finance and Economy should stop intervening in appointments of interest-setting Monetary Policy Committee (MPC) members, the labor union of the Bank of Korea asserted yesterday.
St Louis Fed's Poole - Must guard for inflation
US - In a speech on productivity at a University of Missouri-sponsored dinner, Poole said that for the U.S. economy to enjoy the higher living standards and faster trend rate of economic growth offered by increases in productivity - or worker output per…
European Central Bank Press Release
PRESS RELEASE - Evaluation of the 2002 cash changeover, 24 April.
HM Treasury Press Release
PRESS RELEASE - Chancellor announces new appointee to the Monetary Policy Committee, 24 April.
Richmond's Broaddus says US recovery appears solid
US - Richmond Federal Reserve President Alfred Broaddus on Wednesday expressed confidence that the U.S. economic rebound would prove to be a solid one, but said the Fed needs more information to gauge the recovery's pace.
Central bank invite non-resident to invest in Iran
IRAN - The Governor of the Central Bank of Iran(CBI) Mohsen Nurbakhsh called on the non-resident Iranians to invest in Iran and use their assets to buy shares from Tehran exchange market.
Brazil's central bank plans new payments system
BRAZIL - The Central Bank of Brazil will put in place a new payments system for large transactions, Sistema de Pagamentos Brasileiro, in 2002, following guidelines from the Basel-based Bank for International Settlements.
World growth set for recovery - OECD
FRANCE - The world is set for a strong economic recovery next year, according to a leading international organisation.
Ignatyev sets priorities for central bank policy
RUSSIA - Central Bank CEO Sergei Ignatyev reported on new priorities for the Russian banking system on 24 April.
IMF shows support for Hong Kong dollar peg system
HONG KONG - The International Monetary Fund Thursday voiced strong support for Hong Kong's currency peg system to the U.S. dollar, and said it hasn't eaten into the regions economic growth.