Central Banking
Russia's central bank to decide on Russia-Belarus
RUSSIA - The Central Bank of Russia is to shape the inflation and currency rates in the Russia-Belarus Union, said Russian Vice-Premier and Finance Minister Alexei Kudrin at a Tuesday session in Moscow of the Council of Ministers of the Russia-Belarus…
South African inflation hits record high
SOUTH AFRICA - South Africa's targeted CPIX inflation measure vaulted to a record high in August, official data showed on Tuesday, supporting the Reserve Bank's decision last week to raise interest rates for the fourth time this year.
MAS issues guidelines on internet banking
SINGAPORE - The Monetary Authority of Singapore has called on banks to address the rising danger of new threats to Internet banking, including attacks by hackers.
Russians opt for euro over dollar
RUSSIA - Russians are buying more euros than dollars for the first time since the new European currency became available, according to the central bank.
Developing nation bankruptcy treaty may emerge
ARTICLE - With financial instability rippling through Latin America, momentum appears to be building for an international plan to make it easier for developing nations to declare bankruptcy and renegotiate their foreign debts, reports the Wall Street…
Bank of Japan warned, fight deflation
JAPAN - The Bank of Japan (BoJ) should cooperate with a push by the government to halt deflation, chief cabinet secretary Yasuo Fukuda said today as central bank board members convened for a two-day policy meeting.
New Zealand raises inflation target
NEW ZEALAND - New Zealand raised its inflation target in the New Policy Targets Agreement announced Tuesday giving new central bank Governor Alan Bollard more leeway to avoid sudden interest rate increases that might choke economic expansion.
West African bank raid suspect arrested
BURKINO FASO - Police have arrested the chief suspect in a $3m robbery at the West African central bank. The man detained was a security guard at the central bank.
ECB Press Release
PRESS RELEASE - "E-payments in Europe" conference and public consultation, 16 September. The European Central Bank (ECB) is holding a conference on "E-payments in Europe" on 19 November 2002, focusing on issues related to e-payment initiatives, security…
Speech by A Fazio, Governor Bank of Italy, 15 July
SPEECH - In the speech titled 'Fact-finding preliminary to the examination of the Economic and Financial Planning Document for the years 2003-2006' Fazio said in the 1990s Italy's economy grew more slowly than those of the other European countries…
Speech by Ernst Welteke of the Bundesbank, 6 Sep
SPEECH - In the speech titled 'The International Financial Architecture' Welteke said any future form of cooperation in the field of financial sector supervision should make use of central banks' know-how in banking supervision and financial markets. All…
Speech by Governor, State Bank of Pakistan, 31 Aug
SPEECH - In the speech titled 'Banking Sector Reforms - Current Status And Future Prospects' Husain said the country's payment system infrastructure is being strengthened to provide convenience in transfer of payments to the customers. The Real-Time…
Czech Nat Bank introduce forecasting model change
ARTICLE - The Czech National Bank has made a change in its forecasting and decision making procedures. They recently completed work on a forecasting model that incorporates reactions of the central bank endogenously in the form of a reaction function.
US Treasury's O'Neill: US economy on recovery road
US - U.S. Treasury Secretary Paul O'Neill said on Monday the economy is on a recovery path, albeit a rocky one, and the United States can bear the financial cost of whatever action it chooses to take against Iraq.
CBN identifies constraints to e-banking
NIGERIA - In spite of the various benefits banks derive from e-banking, there are still some constraints to its adoption and efficient operation in Nigeria.
Court rejects Argentine bank deposit moves
ARGENTINA - Argentina's Appeals Court handed the government another setback Friday, declaring a January decision to convert bank deposits from dollars to pesos unconstitutional, it is reported.
Samoan banknotes wilt under tropical conditions
SAMOA - Samoa's central bank is offering wallets for sale at the equivalent of around 25 US cents in its latest attempt to slow down the disintegration of banknotes.
BIS head Crockett warns UK on euro rate
UK - Andrew Crockett, a strong candidate to become the next governor of the Bank of England, has cautioned that competitiveness could be hit if the UK joins the euro at too high an exchange rate.
RBNZ Request for Information
REQUEST - Supply of Electronic Records and Document Management Solution, 16 September.
Speech by A Fazio, Governor Bank of Italy, 26 June
SPEECH - In the speech titled 'Public debt, saving and social security' Fazio said credit, money and securities markets able to supply a broad range of services and finance are indispensable for firms' growth; they allow households to diversify their…
Speech by A Fazio, Governor Bank of Italy, 15 June
SPEECH - In the speech titled 'The North-East and Italy's firms - Development and the values of civil society' Fazio said with economic success, the typical problems of a mature economy have now surfaced. Difficulties derive from the limits of the local…
ECB Press Conference - Question and Answer Update
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, Dr. Lucas Papademos, Vice-President of the ECB, Frankfurt, 12 September.
South African Reserve Bank Press Release
PRESS RELEASE - Statement of the Monetary Policy Committee. Issued by Mr T.T. Mboweni, Governor of the South African Reserve Bank, after a meeting of the Monetary Policy Committee in Pretoria, 12 September.
Testimony of Fed Chairman Alan Greenspan, 12 Sep
TESTIMONY - In testimony titled 'Current fiscal issues' to the US budget committee on Thursday Greenspan was downbeat suggesting that the most recent forecasts of Fed policymakers, released in July, would be "somewhat lower" if re-estimated today. He…