News
Bank Indonesia's Nasution speaks out on integrity
Professor Anwar Nasution, Bank Indonesia's senior deputy governor, said today that the central bank's daily operations would go on as usual. He told the public not to worry since the bank's governing board will remain on the job until their replacements…
Balcerowicz might be seeking Polish cenbank post
Leszek Balcerowicz, the author of Poland's free market reforms in the early 1990s, said on Friday he would quit his political leadership role, amid expectations he will seek the presidency of the National Bank of Poland.
Sri Lanka working towards 10 pct capital adequacy
Sri Lanka's central bank governor said on Friday he would work towards raising tier two capital adequacy ratios for commercial banks to 10 percent next year from eight percent now.
Thai cenbank's supervision to focus on risk mgmt
Bank of Thailand's supervision department will shift its focus to supervising the risk management of financial institutions early next year, said an official Friday.
Kenya cenbank says economic growth has slowed
Kenya's economic growth is estimated to have declined to 0.4% in the 12 months to August, from 1.4% in the previous year, the Central Bank of Kenya said.
Noyer - too early to judge success of intervention
European Central Bank Vice President Christian Noyer said in a lecture titled "How to Enhance the Credibility of the ECB and the Euro" that it was too early to judge the success of the ECB's intervention.
Five senior Bank Indonesia officials resign
Bank Indonesia issued a press release on Friday saying that acting governor, Anwar Nasution, and some deputy governors would resign because of an ongoing erosion of public confidence in the institution.
Mersch-M3 scrutiny still key in ECB rate decisions
Luxembourg central bank chief Yves Mersch, a member of the European Central Bank council, on Friday said that scrutiny of money supply retained a key role in the setting of monetary policy.
Japan needs easy monetary stance, says IMF
Japan's economy still has a problem with deflation, and the central bank should keep its easy monetary policy for a while longer, a senior official at the International Monetary Fund (IMF) said on Friday.
Interview with Romanian central bank vice governor
"Given Romania's objectives of adherence to the European Union over this decade, I think we need to improve the image of the euro currency," vice governor of Romania's central bank, Cristian Popa, told the Cronica romana daily.
Wahid wants new Bank Indonesia board of governors
Indonesia's president Abdurrahman Wahid said Friday he has asked parliament to appoint a new board of governors for Bank Indonesia before the government injects fresh capital to the nation's central bank.
Central bank governors of FRY meet in Slovenia
Governor of the Bank of Slovenia France Arhar will participate in a meeting of central bank governors of the former Yugoslav republics in Sarajevo on Friday, the Bank of Slovenia announced.
Estonian bank sector Oct capital adequacy 13.7 pct
The Estonian central bank said on Friday the average capital adequacy ratio in the banking sector at the end of October stood at 13.7 percent, down from 14.1 percent at the end of August.
Venezuela reserves at highest for almost 3 years
During the last week, Venezuela's international reserves rose by 59m dollars to reach 17.34bn dollars, the central bank announced.
Launch of Reserve Bank of Fiji website
The Reserve Bank of Fiji has launched its website at http://www.reservebank.gov.fj
SARB maintains monetary stance
South African Reserve Bank Governor Tito Mboweni Thursday said the central bank's current monetary policy stance would be maintained. This in line with most economists' expectations that interest rates would remain unchanged at the bank's six-weekly…
Philippine interest rates to fall by year end
Philippine central bank governor Rafael Buenaventura said on Thursday the bank planned to lower its key overnight rates before the end of 2000 given signs that inflation and the peso had begun to stabilise.
Pakistan might adopt Islamic banking gradually
Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…
Brazil's Fraga confident in Argentina's recovery
Brazil's central bank chief Arminio Fraga said Thursday he is confident that neighboring Argentina will leave its economic woes behind although there will be no "instant miracle."
ECB to publish its economic forecasts
The European Central Bank has decided to publish its internal economic forecasts for the euro-zone to improve the markets's understanding of its monetary policy and dispel criticism of excessive secrecy.
Korea's foreign exchange reserves jump to new high
Korea's foreign exchange reserves rose to a new high of $93.38 billion, Nov. 15, up $680 million from the end of October, the Bank of Korea said yesterday.
Govt fails to reach crucial deal with central bank
The Indonesia government failed on Thursday to reach a final agreement on a plan to recapitalise the central bank.
Chen: China is a black hole for Taiwan's economy
The economic development in mainland China is a 'black hole' for Taiwan's economy which could drain out all of the capital resources on the island, deputy central bank governor Chen Shih-meng warned Wednesday.
Central Bank of Cuba is 50 years old
Today was the final day of celebrations of the 50th anniversary of the Central Bank of Cuba. The ceremony was held in the centrally located Melia Cohiba Hotel and was attended by 160 officials from 122 central banks and financial organisations from 70…