Central Banking
Central Bank of Liberia launches website
The Central Bank of Liberia (CBL) has launched its website, according to a CBL release issued at the weekend.
Reserve Bank of Fiji to implement HiPortfolio/3
DST International (DSTi) - a leader in business solutions for the investment management industry and business process management - confirmed on Tuesday 23 November that the Reserve Bank of Fiji plans to implement the company's flagship back-office…
PBOC deputy says US should not blame others
A senior official with the People's Bank of China has warned the United States not to blame other countries for its own economic difficulties, a report said.
ECB already doing enough for growth-Weber
Bundesbank president Axel Weber told journalists Monday that the European Central Bank is doing "all it can" to support eurozone growth.
Russian central bank hints on euro reserves boost
The euro rose to its sixth record this month against the dollar after first deputy chairman of the Russian Central Bank Alexei Ulyukaev said on Tuesday 23 November that the bank might increase the share of the euro in its reserves.
Chasing dirty money
Ted Truman, a former senior official at the US Treasury and the Federal Reserve, has turned his focus on the fight against money laundering. Paul Brione reports for CentralBankNet.
Bank of Japan Monthly Report, November 2004
The Bank of Japan released the English version of its November 2004 monthly report on 22 November. In the report the BOJ downgraded its assessment of exports and production in its report but maintained its overall view that the country's economy was on…
ECB's Trichet on the euro in wider circles
In the speech 'Euro in wider circles' given on 19 November Jean-Claude Trichet of the ECB said structural reforms are a necessary condition for raising European growth. He added that the ECB's stability mandate is the focus of its monetary policy.
BoE's Large on Financial Instrument Accounting
In the speech 'Financial Instrument Accounting' given on 22 November Andrew Large of the Bank of England said it is essential that accounting standards have a clear economic rationale, promote comparability and secure adequate disclosure.
NY Fed's Geithner on hedge funds
In a speech on 'Hedge funds and their implications for the financial system' given on 17 November, Timothy Geithner of the Federal Reserve Bank of New York said investors and banks should take a hard look at the investment strategy, track record and…
Debt restructuring code adopted by G20
German Finance Minister Hans Eichel confirmed on Sunday 21 November that the G20, excluding Argentina, had adopted a set of rules on sovereign debt restructuring in Berlin at the G20's annual meeting.
Bank of France to sell some gold reserves
The French Finance Ministry said in a statement on Friday 19 November that discussions on the sale of a portion of France's gold reserves have been finalised with the Bank of France.
BMA dep gov: Monetary policy key to currency union
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam said a strong monetary policy will be even more important for the region with the introduction of a common GCC currency.
PBOC's Zhou says fx liberalisation not ready
People's Bank of China Governor Zhou Xiaochuan told reporters on Saturday November 20 that China is not ready yet to liberalise its exchange rate.
Buba warns 'substantial risk' of deficit breach
The Bundesbank warned on Monday 22 November that Germany risks breaking the EU's tight budget rules again next year, even if it insists it will be able to meet its deficit commitments in 2005. In its November monthly report the German central bank said…
Bahrain establishes new money laundering taskforce
Bahrain is establishing a new taskforce to combat money laundering and terrorist financing across the region. The Middle East and North Africa Financial Action Task Force (MENAFATF) will be set up on November 29 and 30 in a meeting to be held behind…
RBNZ seeks Economics Department leader
The Reserve Bank of New Zealand said this week that it was looking for a self-motivated people manager to join the Bank's Economics Department to lead the Research team.
Denmark promotes Assistant Head of Division
Danmarks Nationalbank's Committee of Directors announced on 16 November that it has appointed Kristian Kjeldsen, Assistant Head of Division, to Head of Division.
ECB appoints new Director General Research
The Executive Board of the European Central Bank has appointed Mrs Lucrezia Reichlin, Professor of Economics at the Universite Libre de Bruxelles, Belgium, as Director General Research at the European Central Bank from 15 February 2005.
No decision made on ECB's new premises
The Governing Council of the European Central Bank said on Thursday 18 November that it will continue its deliberations on the new ECB premises.
Meirelles's ministerial status 'unconstitutional'
Brazil's state prosecutor, Claudio Fonteles, was quoted by AFX as saying that the presidential decree to grant the president of the central bank Henrique Meirelles cabinet minister status was unconstitutional.
ECB decides not to issue €1 or €2 banknotes
The Governing Council of the ECB decided not to introduce very low denomination euro banknotes. In a press release Thursday 18 November it concluded that the negative aspects of introducing very low denomination banknotes outweigh the positive aspects.
Philadelphia Fed Business Outlook Survey, Nov 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, November 2004, activity in the region's manufacturing sector continues to expand. Manufacturing executives are more optimistic than they were last month about future…
Fed's Greenspan on the euro in wider circles
In a speech on 'Euro in wider circles' given on 19 November to the European Banking Congress, Alan Greenspan of the Federal Reserve said the persistence of huge U.S. trade deficits can pose a risk to the U.S. economy, which thus far has proven resilient.