Central Banking
IMF says ECB should be ready to cut rates
The International Monetary Fund published a report on Wednesday 3 August urging the European Central Bank to stand ready to cut interest rates.
Malaysia's Zeti on Islamic finance
In the speech 'Fostering leadership role in Islamic finance' given on 19 July, Zeti Akhtar Aziz of the Central Bank of Malaysia said with the experience that has been built up in Islamic banking and finance over the years, it is timely and desirable to…
Nat Bank of Kyrgyz Republic - Annual Report 2004
The National Bank of the Kyrgyz Republic has published its Annual Report for the year ended 2004. Economic growth, the low inflation rate, growth of investment in the real sector, and the strengthening of the banking system were significant results in…
Monetary Authority of Macao - Annual Report 2004
The Monetary Authority of Macao has published its Annual Report for the year ended 2004. During the five years since the return of sovereignty Macao has adopted a series of effective measures for economic reform and stimulating economic growth, the…
Central Bank of Ireland, Quarterly Bulletin 3/2005
Ireland's central bank published its Third Quarterly Bulletin for 2005 on Thursday 28 July. In the latest Bulletin the central bank said that the prospects for the domestic economy remain broadly positive.
Basel Committee corporate governance practices
The Basel Committee on Banking Supervision has issued for public comment revised guidance to help promote the adoption of sound corporate governance practices by banking organisations.
Pressure on Asia to shift reserves
Asian central banks may have to shift up to $500 billion in reserves from dollars to euros and yen or risk foregoing $28 billion a year in potential revenue, according to a report published by Goldman Sachs Group.
BSP official sees economy recovering
The chief investor relations officer of the Bangko Sentral ng Pilipinas, the Philippine central bank, said in an interview that the economy is slowly regaining the growth momentum that was disrupted by the political crisis in the past two months.
Costello says RBA decision reflects solid growth
Treasurer Peter Costello said the Reserve Bank of Australia's decision to leave interest rates at 5.5 per cent after its monthly board meeting on Wednesday 3 August reflects continuing solid economic growth in the country.
BOJ current-account balance may fall below target
The balance of current accounts at the Bank of Japan is expected to drop below the 30-35 trln yen liquidity target today, to around 28.3 trln yen, the Nihon Keizai Shimbun reported on Wednesday 3 August, citing an unnamed source at the central bank.
Bank of England set to cut interest rates
The Bank of England is widely expected to reduce UK interest rates when it concludes its 100th Monetary Policy Committee meeting on Thursday 4 August.
ECB paper on large-value payment systems
The ECB Working Paper "Incorporating a 'public good factor' into the pricing of large-value payment systems" considers optimal pricing rules for a public large-value payment system (LVPS) that produces a public good (like prevention of systemic risk) but…
Malaysia's Zeti on the Asian Bond Fund
In the speech 'Launch of the Asian Bond Fund (ABF) Malaysia Bond Index Fund' given on 18 July, Zeti Akhtar Aziz of the Central Bank of Malaysia said the launch of the ABF Malaysian Bond Index Fund today marks another important milestone resulting from…
Central Bank of Kuwait - Annual Report 2003-2004
The Central Bank of Kuwait pursued its efforts in drawing and implementing monetary policy, as well as enhancing the programs for the supervision and oversight of the banking and financial system during the year, the report said.
Dallas Fed's Fisher on the world economy
In the speech 'The world economy: Sharpening our peripheral vision' given on 29 July, Richard Fisher of the Federal Reserve Bank of Dallas said China's growing role in the global economy presented challenges to the United States, but that the U.S…
Central Bank of Luxembourg - Annual Report 2004
The Central Bank of Luxembourg has published its Annual Report for the year ended 2004. Growth in the euro zone is expected to pick up towards the end of 2005, according to the annual report.
BOJ's Fukui positive on economy
Bank of Japan governor Toshihiko Fukui told parliament on Tuesday 2 August that consumer prices will likely turn positive by the year-end and the soft patch in the economy could soon be over.
Greenspan praises late ECB chief
Federal Reserve chairman Alan Greenspan on Monday 1 August praised the contribution of the European Central Bank's first president, Wim Duisenberg, who died on Sunday.
Snow says Brazil markets taking scandal in stride
US Treasury Secretary John Snow said there is little evidence that Brazil's economy is being damaged by a vote-buying scandal that has engulfed the government of President Lula da Silva.
Sweden's central bank signs for RTGS system
Sweden's central bank Sveriges Riksbank has contracted with Italian IT provider Societa Interbancaria per l'Automazione (SIA) for the delivery and implementation of a real time gross settlement (RTGS) system.
ECB sued over euro note security
A company that specialises in anti-counterfeiting technology filed a lawsuit against the European Central Bank on Monday 1 August claiming the euro common currency infringes on a patent issued in 1999.
Central Bank of Jamaica - Annual Report 2004
The Central Bank of Jamaica has published its Annual Report for the year ended 2004. Core or underlying inflation continued to trend downwards in line with the policy objective despite a shock to headline inflation in the latter half of the year, the…
Bank of Korea - Annual Report 2004
The Bank of Korea has published its Annual Report for the year ended 2004. Over the course of 2004, despite the buoyancy of exports, the state of overall business activity showed little improvement because of the protracted downturn of domestic demand,…
PBOC's Ning on China's bond market
In the speech 'Promoting actively development of China's bond market' given on 15 July, Su Ning of the People's Bank of China said he is confident that, with the efforts of all parties in China's bond market, the Chinese bond market is bound to see a…