Central Banking
Pakistan economy stable, says State Bank governor
Stressing the stabilty of the exchange rate and liquidity in the market, the The governor of the State Bank of Pakistan, Ishrat Hussain, said war would not require an immediate response from the central bank. Higher oil prices have, however, led the…
Carse: how the HKMA tackles money laundering
In a speech "The Fight Against Money Laundering and Terrorist Financing - The HKMA Viewpoint" delivered on March 17, David Carse, deputy chief executive, outlined Hong Kong's approach to combatting financial crime.
Koizumi hands Fukui policy wishlist
The Japanese prime minister, Junichiro Koizumi, handed a list of five requests to the new governor of the Bank of Japan, Toshihiko Fukui, on Friday 14 March according to a report by Kyodo news agency. These included having deflation under control by 2005…
Uruguay: central bank reserves plummet
Following another fall in forex reserves at the Central Bank of Uruguay and a downgrade in its sovereign rating, default concerns over the Uruguayan currency are rising.
Egypt: 6-month BOP surplus of 152.7m dollars
The governor of the Central Bank of Egypt (CBE) has presented a report to the country's president in which he said that the balance of payments realized a surplus of 152.7m dollars during the first six months of the current fiscal year compared to a…
Gold may sustain highs over 2003
Research from Macquarie Research Equities argues that gold will maintain its strength throughout 2003, supported not only be war fears, but wider geopolitical worries.
Korea's central bank props up markets
Following another corporate accounting scandal, the Bank of Korea has intervened to in Korean money markets, according to a BBC news report.
Wellink on women in the financial sector
In a speech on 'The position of women in the financial sector' Nout Wellink of the Nederlandsche Bank said promoting opportunities for women in the financial sector is very important, as we are responsible for bringing out the best in our human capital,…
Fririksson on the current monetary situation
SPEECH - In a speech on 'Monetary policy and the current monetary situation' Ingimundur Fririksson of the Central Bank of Iceland said the central bank adopted an inflation target as the main pillar of its monetary policy, abandoning the fixed exchange…
Publication of Sveriges Riksbank Inflation Report
On Tuesday, 18 March, the Riksbank will present this year's first report on monetary policy to the Riksdag Finance Committee. Pursuant to the Sveriges Riksbank Act, the Riksbank must present a written report on monetary policy to the Committee at least…
Norges Bank's regional network
In autumn 2002, Norges Bank established a regional network of enterprises, organisations and municipalities throughout Norway. We will have six rounds of talks each year with business and community leaders concerning financial developments in their…
S. Korea central bank concerned over nuclear issue
Bank of Korea governor Park Seung has spoken of the concerns he has for the Korean economy with geopolitical factors and the North Korean nuclear issue, as reported by Yonhap news agency.
Ukrainian MPs to see secret central bank data
Members of Ukraine's parliament are to be allowed access to files previously kept secret by the central bank. interfax reported that the Ukrainian Constitutional Court upheld the right of MPs to request access to NBU data.
Japanese parliament approves central bank governor
Toshihiko Fukui was approved on Friday March 14 as the next governor of the Bank of Japan, as reported by Kyodo News Service. His five-year term of office will begin next Thursday, March 20.
Former Venezuelan c bankers claim gov't runs bank
A report suggests that the Central Bank of Venezuela is under government control with the central bank endorsing government policies - violating its Constitution, accrding to a report by Vheadline.
Brazil's Senate approves 3 central bank directors
Brazil's central bank has approved the nomination of three new directors with an overwhelming majority, according to a Reuters report.
Split over Iraq may hit new Basel bank rules
A report in the Financial Times suggests the new Basel 2 rules update may suffer damage from the transatlantic war split and signs exist of a loss of patience with the long drawn out discussions. The result could be a degrading of the accord, the report…
EU Parliament rejects ECB vote proposal
In a non-binding vote, the European Parliament rejected the ECB's proposal and backed an alternative proposal by MEP Ingo Friedrich for the retention of existing voting rights for all governors and the continuation of decisions by the Governing Board to…
Kansas City Fed's Hoenig:Community banks important
Kansas Fed President Thomas Hoenig said on Friday March 14 that community banks are important to the financial system by specializing in relationship banking and providing credit to small businesses, according to a report by Reuters.
IMF Statement on Assassination of Serbian PM
Statement of IMF Managing Director on the Assassination of Serbian Prime Minister Djindjic, 12 March.
IMF paper on Caribbean currency board idea
A currency union, based around a currency board model, is the way forward for the Caribbean region, a working paper released today by the IMF argues.
Dodge receives cb website of the year award
The Bank of Canada has been awarded a prestigious prize for the best website of all 163 central banks. The governor, David Dodge, last night graciously received the award in the elegant surroundings of the exclusive Brooks' Club in St James', London,…
BoJ asked to buy more stocks
The Japanese government has asked the Bank of Japan to increase the amount of shares it intends to buy as the Nikkei index sank to a 20-year low.
Chinese official stresses need for stable currency
Stable remninbi rates are beneficial for China and the Asian region, said Guo Shuqing, director-general of the State Administration of Foreign Exchange of the People's Republic of China.