Central Banking
Aus and NZ central banks leave rates unchanged
OCEANIA - The Australian and New Zealand reserve banks left their benchmark interest rates unchanged Wednesday amid uncertainty over global economic growth.
Singapore c bank unveils rules on terror funding
SINGAPORE - The Monetary Authority of Singapore (MAS) has unveiled sweeping measures for local banks to choke off access by terror groups to funding and weapons.
Fed ready to cut rates if necessary - McDonough
US - A top United States Federal Reserve official has offered an assurance that the central bank stands ready to lower interest rates if the economy faltered, but said it was unlikely such help would be needed.
Poland's central bank to maintain floating rate
POLAND - Poland's Central Bank (NBP) will maintain the free-floating exchange rate, the institution's head Leszek Balcerowicz announced on Tuesday.
Solomon Islands to tighten revenue collection
SOLOMON ISLANDS - The Central Bank of Solomon Islands (CBSI) has taken measures to strengthen monitoring and administration of exports and imports towards enhancing exchange control requirements and government revenue collection.
Albanian central bank deputy arrested
ALBANIA - The Attorney-general explained yesterday, Tuesday, the reasons for the arrest of the deputy governor of the Bank of Albania, Dhame Pite, by Tirana police late yesterday evening.
Regulatory board for accountants hits snag
US - The process of setting up the new regulatory board for accountants is being delayed because of a dispute over one possible member, Donald Kirk, a former regulator criticised for being too close to the audit profession.
Greenspan goes on trial for bubble complacency
ARTICLE - Alan Greenspan's reputation now lies in the balance. Which way the balance tips matters not only for him but also for the consensus on how central banks should respond to asset prices.
Reserve Bank of Australia Press Release
PRESS RELEASE - At its meeting on 1 October the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - OCR stable at 5.75 per cent, 2 October.
Speech by Second Minister for Finance, MAS, 23 Jul
SPEECH - In the speech the Minister for Health and Second Minister for Finance said Singapore has progressively evolved away from the system of a fixed exchange rate since the Singapore dollar was floated in 1973.
Speech by Susan Schmidt Bies of the Fed, 28 Sep
SPEECH - In the speech titled 'Bank Performance and Corporate Governance' Bies said that following sound accounting, auditing, and disclosure practices consistently is crucial to maintaining the confidence of capital and financial markets. We should…
Philadelphia Fed Business Outlook Survey
REPORT - Results from August's Business Outlook Survey show for the first time this year, manufacturing firms' responses from the Business Outlook Survey indicate a slight decrease in activity. Indicators of general activity, new orders, and shipments…
Chicago Fed National Activity Index, August 2002
REPORT - CFNAI indicates economy slowed in August - In August, the Chicago Fed National Activity Index (CFNAI) fell to its lowest level since December 2001, largely as a result of weakness in the production- and employment-related data. The CFNAI fell to…
Central Bank of China (Taiwan) - Annual Report 01
ANNUAL REPORT - The Central Bank of China has published its Annual Report for the year ended 2001.
Bank of Israel - Annual Report 2001
ANNUAL REPORT - The Bank of Israel has published its Annual Report for the year ended 2001.
UK Treasury Report - Andrew Large's Appointment
REPORT - UK Treasury Select Committee report on the appointment of Sir Andrew Large as a Deputy Governor of the Bank of England and Member of the Monetary Policy Committee, released 30 September. The committee concluded, 'We are satisfied that Sir Andrew…
Monetary Authority of Singapore Press Release
PRESS RELEASE - Singapore to host 2006 annual meeting of IMF and World Bank, 29 September.
Monetary Authority of Singapore Press Release
PRESS RELEASE - BCCS merges with MAS on 1 October.
HSBC set to go online in China
CHINA - HSBC on Monday became the second foreign bank after Hong Kong's Bank of East Asia to receive a licence to begin online banking in China.
India's for ex reserves up $500m
INDIA - The country's forex reserves have surged by $500 million to touch $62.521 billion for the week ended September 20, 2002, as compared to $ 62.021 billion in the previous week, figures released by the Reserve Bank of India show.
Yugoslav bank chief says citizens want reforms
YUGOSLAVIA - People who brought about changes in Serbia on 5 October 2000 still have a majority in Serbia; generally, this is good news for reforms, Mladjan Dinkic, governor of the National Bank of Yugoslavia (NBJ), stated Tuesday.
Israel's for ex reserve drop for 3rd month running
ISRAEL - Israel's foreign currency reserves dropped in September for the third month running, the Bank of Israel said today.
Improved competitiveness needed in Africa- Mboweni
SOUTH AFRICA - Reserve Bank Governor Tito Mboweni says the world economy of the 21st century dictates that improved competitiveness is fundamental to overcoming the socio-economic problems facing Africa.