News
Bank chief explains UK euro delay
UK - Sir Edward George, the governor of the Bank of England, has placed the loss of control over interest rates as a major reason behind the UK's reluctance to adopt the euro.
Greek to be Europe's number two banker
GREECE - Greek central banker Lucas Papademos, the hot favourite for the job, has been appointed vice president of the European Central Bank.
Russian c bank dep head tipped for new appointment
RUSSIA - Russian Central Bank first deputy chairperson Tatyana Paramonova may become head of Sberbank [Russian Savings Bank], the Gazeta paper says in today's issue.
EU to warn Kabul on monetary framework
AFGHANISTAN - European Union foreign ministers will today warn the Afghan government it can expect little in the way of budgetary support unless the government starts establishing a transparent fiscal and monetary system.
No compromise on Bank of Israel law
ISRAEL - Parliament will be asked this week to approve a redefinition of the Bank of Israel's powers that the central bank opposes.
ECB's Duisenberg-euro's reserve role slowly rising
SPAIN - The euro's use as an international currency is rising but only gradually, European Central Bank President Wim Duisenberg said on Sunday.
Greece looks for Papademos replacement at cen bank
GREECE - Greece is likely to pick Panagiotis Thomopoulos or Nick Garganas, both deputy Bank of Greece governors, to succeed Lucas Papademos as head of the country's central bank, the Greek press said on Monday.
SA Reserve Bank hits back at its critics
SOUTH AFRICA - The Reserve Bank has mounted a counter attack against bankers who told the rand commission that the rand's crash last year was caused in part by the Bank's October circular enforcing exchange controls more strictly.
Taiwan's central bank head to attend ADB meeting
TAIWAN - Central Bank Governor Perng Fai-nan will attend the annual meeting of the Asian Development Bank to be held in Shanghai next month, Cabinet officials have revealed.
Financial Stability Forum Press Release, 11 April
PRESS RELEASE - First FSF regional meeting with central and eastern European authorities. The Financial Stability Forum (FSF) today held its first regional meeting with central and eastern European countries at the European Bank for Reconstruction and…
Deutsche Bundesbank Press Release, 11 April
PRESS RELEASE - Appointment of external auditors of the annual accounts for 2002.
UK MPC member says further rate cuts not ruled out
UK - UK interest rates may still fall again if the world economy takes a turn for the worse, while the first increase in borrowing costs could be some way off, a member of Britain's monetary policy team told the Times.
UK and Germany in banking supervision move
GERMANY - The German and British governments are combining forces to head off any move by the European Central Bank to take the leading role in banking supervision in the European Union.
Floating ex affects competitiveness, says Franco
BRAZIL - Gustavo Franco, ex-president of BC (Brazilian Central Bank) said at a seminar Thursday in Sao Paulo, that the floating exchange now adopted by the federal administration may be a problem for Brazilian companies to keep competitive, and may…
G-7 finance deputies meet in London
UK - Deputy finance ministers of the Group of Seven industrial nations gathered here Thursday to decide on the topics for a meeting of G-7 finance ministers and central bank governors, to be held later this month.
Papademos has strong support for ECB job - Rato
SPAIN - Many euro zone finance ministers back Bank of Greece Governor Lucas Papademos to replace European Central Bank Vice President Christian Noyer, Spanish Economy Minister Rodrigo Rato said on Friday.
Israel sees no progress on central bank reform
ISRAEL - The Bank of Israel said Thursday that no significant progress had been made in reaching a compromise on the Finance Ministry's plan to amend the law governing the central bank.
Vietnam appoints two new c bank deputy governors
VIETNAM - Vietnam's Prime Minister Phan Van Khai has appointed Phung Khac Ke and Vu Thi Lien as deputy governors of the State Bank of Vietnam, a central bank official said Friday.
Bank of Japan Monetary Policy Meetings, 11 April
NEWS RELEASE - At the Monetary Policy Meeting held today, the Bank of Japan decided, by unanimous vote, to maintain the following guideline for money market operations for the intermeeting period:
IMF pledge to help Argentina with economic reforms
ARGENTINA - The International Monetary Fund (IMF) said Wednesday that it was "firmly determined to help" Argentina, but conditioned an eventual financial bailout to President Eduardo Duhalde's progress in the execution of extensive economic reforms.
Argentina's former economy minister charged
ARGENTINA - Domingo Cavallo, Argentine economy minister till the country's debt crisis toppled four governments in a row in December, has been formally charged with arms smuggling.
Bank of England News Release
NEWS RELEASE - Appointments at the Bank of England, 4 April.
Philippines - Derivatives supervision tightened
PHILIPPINES - The Philippine Central Bank has tightened its supervision of the derivatives market by requiring the affiliates of all financial institutions to seek approval from the monetary authority before undertaking such transactions.
Race still on for ECB Vice President position
BELGIUM - Belgium said on Thursday it stuck to its candidate for the European Central Bank's vice-presidency, which vacates end-May, but added that it wanted a good chance for a next vacancy if a Belgian failed this time.