News
Sweden's Riksbank to sell Tumba Bruk
SWEDEN - Sweden's central bank, Sveriges Riksbank, has signed a letter of intent with Crane & Co. (CR) of the U.S. regarding the sale of AB Tumba Bruk.
Indonesia's Sabirin convicted in Bank Bali case
INDONESIA - Indonesia's central bank governor Sjahril Sabirin was yesterday, Wednesday, convicted of fraud for his role in the 1999 politically-charged Bank Bali scandal that led to the downfall of former president B J Habibie.
Riksbank's Persson - Sweden should join EMU
SWEDEN - Sweden should enter European Economic and Monetary Union to offset the risks of price swings and better align the economy with its chief export market, the Riksbank's deputy governor, Kristina Persson, said in a speech Tuesday.
Japan toughens stance on Pakistan debt
JAPAN - Japan has said it is unlikely to ease Pakistan's debt burden any further unless the Islamabad government agrees to ban nuclear weapons tests.
Bank of Japan Minutes
MINUTES - Bank of Japan, Minutes of the Monetary Policy Meeting on 18 September.
EU commission likely to propose ECB board reforms
ARTICLE - The impetus for a reform of the European Central Bank's Governing Council to prepare it for EU enlargement will almost certainly have to come from Brussels as agreement among existing ECB members will be problematic, a source close to the issue…
Philippine c bank to scrutinise money changing ops
PHILIPPINES - The Philippine central bank has said that it will closely monitor small money changing operations to plug a possible loophole in the country's new anti-money laundering legislation.
Brazil c bank to produce notes of BRR2, BRR20
BRAZIL - The central bank will launch notes in denominations of two reals and 20 reals ($1=BRR2.761) in December and next year to help save costs, O Estado de S. Paulo reported.
India rates hit lowest level since 1970s
INDIA - Interest rates in India have slid to their lowest rate for almost 30 years after the country's central bank - Reserve Bank of India (RBI) - cut interest rates by half a percentage point.
Charles Goodhart appointed to Bank of England post
NEWS RELEASE - Appointment at The Bank of England.
Minutes from Federal Reserve Board meeting
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from May 21, 2001 to September 17, 2001.
HKMA Press release on retail payment services
PRESS RELEASE - The Hong Kong Monetary Authority (HKMA) has completed a comprehensive review of retail payment services in Hong Kong ("the Review"), which was conducted by an internal task force of the HKMA set up in August 2000.
US economy shrinks
US - The US economy has shrunk for the first time in eight years, official figures have revealed.
Argentina plays down default fears
ARGENTINA - Argentina is expected to announce later on Wednesday a plan to deal with its debt and boost the economy.
ECB voting reform urgently needed economists claim
UK - The way in which the European Central Bank sets interest rates needs to be reformed urgently in order to prepare for enlargement of the European Union, a group of leading economists said.
ECB: Monetary conditions not hindering growth
SPAIN - Current monetary conditions in the euro zone aren't hindering growth, European Central Bank executive board member Eugenio Domingo Solans said Wednesday, echoing similar remarks made recently by other ECB Governing Council members.
BOJ: Don't plan to weaken Yen by intervention
JAPAN - The Bank of Japan has no plan to intervene in currency markets to weaken the yen as a way to ease Japan's debilitating deflationary conditions, a senior BOJ official said Wednesday.
Egypt names deputy c bank head as new chief
EGYPT - Egypt on Tuesday named Deputy Central Bank Governor Mahmoud Abu el-Ayoun as head of the central bank, Egypt's official state-owned Middle East News Agency (MENA) said.
New automated account system at c bank of Jordan
JORDAN - A $2.9 mln ($3.2 mln euro) worth new automated human resource management and accounting system has been installed at the Central Bank of Jordan (CBJ).
Thai cabinet approves currency swap with China
THAILAND - Thailand's cabinet approved a $2 billion unilateral currency swap deal with China Tuesday which can be used in the event of a foreign exchange crisis, a Finance Ministry official said.
PWC to carry out Ukraine national bank audit
UKRAINE - The audit of the National Bank of Ukraine in 2001 will be done by the PriceWaterhouseCoopers company. Such was the decision by the NBU board, NBU board chairman Anatoly Halchynsky is quoted as saying.
Brazil c bank to receive US$2.5bn debt from Poland
BRAZIL - The Central Bank will receive US$2.457 billion in two weeks time from a debt due from Poland that is scheduled to come due in 2009. The money will bolster Brazil's foreign currency reserves, raising them to US$42 billion.
All taken in Goodhart
UK - Charles Goodhart, the London School of Economics professor of banking and finance, is to return to the Bank of England at the beginning of next year.
BIS International Consolidated Banking Statistics
PRESS RELEASE - Bank for International Settlements International Consolidated Banking Statistics - second quarter of 2001, 29 October.