Central Banking
Dollar continues slide against euro
The dollar hit a new record low against the euro on Tuesday in broad selling but held on just above a three-year low on the yen, helped by rumoured Japanese yen-selling intervention.
RBI's Reddy to discuss growth and inflation
Governor Y.V.Reddy of the Reserve Bank of India said on Tuesday he will present his reassessment of the Indian economy at a trade body's annual meeting on Wednesday.
DIW calls for ECB rate cut
The DIW, one of Germany's top economic institutes, has called on the European Central Bank to cut interest rates to stimulate eurozone domestic demand.
Reddy on financial sector globalisation in India
Dr Y.V.Reddy, governor of the Reserve bank of India, talks about financial sector globalisation at the Twenty-Fifth Bank Economists' Conference held in Mumbai.
Greenspan on risk and uncertainty in mon policy
In a speech on "Risk and Uncertainty in Monetary Policy" Alan Greenspan described monetary policy is an "especially humbling" activity. He also defended his tenure as Fed chief.
Bernanke on central bank communication 'Fedspeak'
In a speech on 'Fedspeak' given on 3 January, Ben Bernanke of the Federal Reserve said the Fed could improve the US economy's performance by finding ways to make its objectives and thinking clearer.
Fed's Ferguson on lessons from productivity booms
In a speech on 'Lessons from Past Productivity Booms' given on 4 January, Roger Ferguson of the Federal Reserve said that there are signs that the impetus behind much of the recent robust gains in U.S. productivity will remain for some years.
Japan's PM says economy seeing 'bright signs'
Japanese prime minister Junichiro Koizumi said on Monday at his New Year's news conference that the country was finally emerging from its prolonged slowdown.
UAE central bank to upgrade UAESWITCH
The UAE Central Bank has announced the signing of a contract with S2 Systems to upgrade the UAESWITCH system.
Central bank officials criticise Israel's Klein
A report claims that the Bank of Israel has been shaken recently by an internal crisis which saw governor David Klein presented with a growing list of complaints from department heads.
Uganda's central bank suffers unprecedented loss
The central bank of Uganda says it made a loss of Shs 7.7 billion in the year to June 30 2003 as a result of low returns from its investments abroad.
Bank Negara unveils new anti-copy notes
Bank Negara Malaysia has unveiled its new RM10 notes which contain an anti-copy security feature in the form of a holographic strip on the front.
Eurozone inflation rate falls in December
The annual inflation rate for the 12-nation eurozone fell to 2.1 per cent in December from 2.2 per cent the previous month, according to an initial estimate by Eurostat data agency released on Monday 5 January.
Italy plans new financial regulator
Italian finance minister Giulio Tremonti has said he wants a new financial regulator which will have authority over whole spectrum of financial services to reduce risks of another Parmalat-type scandal.
Peter Nicholl on progress and partnerhip in BiH
Peter Nicholl, governor of the Central Bank of Bosnia and Herzegovina talks about progress and partnership in the Bosnia and Herzegovina economy at the second annual business conference held in London.
Roth on the Swiss economy and monetary policy
Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank discussed economic activity and monetary policy in his introductory remarks at the end-of-year media news conference held in Zurich.
Knight gives observations of market discipline
Malcolm D.Knight, General Manager of the Bank of International Settlements (BIS), delivered a speech giving his three observations on market discipline at the BIS-Federal Reserve Bank of Chicago Conference on market discipline.
Mosul Central Bank rebuilding begins
Work has begun to rebuild Mosul Central Bank, destroyed in the Iraq war.
ECB recieves a letter bomb
A letter bomb sent to Jean-Claude Trichet, president of the European Central Bank has been discovered in the ECB mail room. An Italian anarchist group is suspected of sending it.
Former deputy governor of BoE knighted
David Clementi, former deputy governor of the Bank of England has been awarded a knighthood on the New Year honours list.
Greenspan congratulated for good year's work
Alan Greenspan, chairman of the Federal Reserve and his colleagues havebeen praised for their work in 2003 by private economists in a survey.
BoE in court over handling of BCCI
The Bank of England finds itself in court over its handling of the Bank of Credit and Commerce International, which collapsed in 1991. But journalists should think twice before waxing self-righteous and indignant.
Bank of England falls prey to e-mail hoax
Hundreds of thousands of hoax e-mails have bounced back to the Bank of England. The e-mail asks recipients to download an attachment confirmed to hold a virus.
Russia's new attack on money-laundering
The Central Bank of the Russian Federation is working on an 'early warning system' against money-laundering.