News
Rerngchai fights negligence charge
THAILAND - Former governor of the Bank of Thailand Rerngchai Marakanond yesterday submitted his defence to the Civil Court on charges that he was "severely negligent" in his duties relating to the defence of the baht, causing Bt186 billion in damage to…
Japan slump 'slowing'
JAPAN - The struggling Japanese economy is continuing to deteriorate, but the decline shows signs of slowing down, the country's central bank said on Friday.
New Dep chairperson appointed at Bank of Lithuania
LITHUANIA - On 21 March the President of the Republic of Lithuania appointed Ms Ramune Zabuliene Deputy Chairperson and Member of the Board of the Bank of Lithuania for a nine-year term.
Banks tackle RBA in new card twist
AUSTRALIA - The Australian Bankers' Association (ABA) says the Reserve Bank of Australia (RBA) has hired a lobbyist to promote credit card reform.
German parliament likely to block Buba reform plan
GERMANY - Long standing plans to reform Germany's central bank face a drawback as the Bundesrat upper house of parliament is expected to delay an approval Friday.
Bank of England Museum Exhibition - 21 March 2002
NEWS RELEASE - Royal Portrait: A Celebration of the Queen's Golden Jubilee. A unique exhibition of portraits of the Queen is to be shown at the Bank of England Museum in Bartholomew Lane, EC2.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board on Thursday announced the publication of a guide to help consumers better understand their rights and responsibilities with regard to electronic check conversion transactions.
Spain's Rato sees two candidates to replace Noyer
SPAIN - Spanish Economy Minister Rodrigo Rato said on Thursday that there were only two candidates to replace European Central Bank vice-president Christian Noyer, and it seemed unlikely more would come forward.
Bies - Insolvent co's should be allowed to fail
US - The financial collapse of Enron Corp. (ENRNQ) didn't have a widespread effect on the U.S. economy, Federal Reserve Governor Susan Bies said Thursday.
India RBI favour forming gold exchange - Dep gov
INDIA - The Reserve Bank of India will favor any industry proposal to form a gold exchange as the idea is "theoretically sound," said RBI Deputy Governor Y.V. Reddy Thursday.
Korea's central bank upbeat on growth
SOUTH KOREA - South Korea's central bank has raised its forecast for economic growth in 2002 after a robust performance in the October to December period last year.
Argentina props up ailing peso
ARGENTINA - Argentina's Central Bank is thought to have intervened in the currency markets to support the ailing peso.
Malaysian shares up ahead of c bank annual report
MALAYSIA - Malaysian shares closed up Wednesday ahead of the central bank's 2001 annual report release.
Full integration for Poland's c bank in 2003
POLAND - Poland's central bank will be fully integrated with the European Central Banks System in 2003, National Bank of Poland President Leszek Balcerowicz told a Monday briefing.
Swiss nat bank sells 9.4 tons of gold to 20 March
SWITZERLAND - The Swiss National Bank sold around 9.4 metric tons of gold in its latest 10-day reporting period ended 20 March, the central bank's regular statistics report showed Thursday.
Bank of Japan leaves monetary policy unchanged
JAPAN - The Bank of Japan left monetary policy unchanged on Wednesday but said that if necessary it would provide extra liquidity to secure financial market stability towards the end of the fiscal year.
Federal Reserve Press Release, 19 March
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent.
Joint Press Release
PRESS RELEASE - The federal financial institutions supervisory agencies today announced that the financial institutions they supervise should follow the guidance issued by the U.S. Securities and Exchange Commission with respect to auditing and…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the MPC meeting 6-7 March, released 20 March.
European Parliament Press Release
PRESS RELEASE - ECB confident on recovery and on inflation soon falling below 2%, 20 March.
Issing, Euro 12 govts must speed up reform in 2002
BELGIUM - Euro-zone governments should take advantage of this year's economic recovery and speed up structural reforms shelved last year owing to the downturn, European Central Bank chief economist and executive board member Otmar Issing said Tuesday.
Russian Duma approve Ignatyev as central bank head
RUSSIA - Russia's lower house of parliament, the State Duma, Wednesday approved Sergei Ignatyev as chairman of the central bank.
MPC unanimity points to end of easing
UK - The interest-rate easing cycle may finally be over in the U.K. That seems the conclusion to be drawn from the latest set of Monetary Policy Committee meeting minutes, released by the Bank of England Wednesday. In a speech given Tuesday the Bank of…
Greece hopes EU will back Papademos for ECB VP
GREECE - Greece hopes other European Union members will support Bank of Greece governor Lucas Papademos' candidacy for the vice-presidency of the European Central Bank, the government said Wednesday.