Central Banking
China ctrl bk - Weak yen won't affect stable yuan
CHINA - The weakening Japanese yen won't force China's government to abandon its long-held policy of maintaining a stable yuan, a senior central bank economic researcher said Friday.
Why Central Banks Announce their Objectives
RESEARCH - Why Central Banks Announce their Objectives: Monetary Policy with Discretionary Signalling by Stefan Palmqvist of the University of California, Berkeley and Institute for International Economic Studies, Stockholm University.
Speech by Glenn Stevens of the RBA, 6 March
SPEECH - Stevens said in the speech titled 'Economic Performance and Issues in 2002' that "as best as we can judge, the economy is not only continuing to expand, but has reasonable prospects of continuing to do so in the near term".
Speech by Hauw Soo Hoon of the MAS, 5 March
SPEECH - The message from Hoon in her keynote address 'New Chapter, Same Mission' was that the writing is on the wall for insurance firms: Unethical behaviour from their sales force will be met by a tougher stance and could translate into penalties.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the 15 and 16 January, released 5 March.
Speech by Shin Nakahara, Bank of Japan, 20 Feb
SPEECH - In the speech titled 'State of Japan's Economy and Policy Measures' Nakahara said the Bank of Japan may have to resort to unconventional policy steps if falling prices and economic deterioration spiral out of control.
Bank of England News Release
NEWS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 7 March.
European Central Bank Press Release
PRESS RELEASE - ECB Monetary Policy Decisions, 7 March.
ECB Press Release
PRESS RELEASE - European Central Bank buys Grossmarkt site, 5 March.
Greenspan upbeat on US recovery
US - Alan Greenspan, the chairman of the US central bank, has said that the US economic recovery is well under way.
Testimony of Fed Chairman Alan Greenspan, 7 Mar
TESTIMONY - Testimony of Federal Reserve Chairman Alan Greenspan before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 7 March.
Argentina seeks to clear way for IMF deal
ARGENTINA - Argentina's Senate yesterday debated the country's 2002 budget a day ahead of schedule as part of efforts to unlock a big support package from the International Monetary Fund.
Beige Book shows limited economic improvement
US - The US economy showed scattered "signs of improvement" through January and early February, but was not barrelling out of the gates, according to the latest anecdotal survey released on Wednesday by the Federal Reserve.
Papademos "very good" candidate for ECB vice head
GREECE - German Finance Minister Hans Eichel said Thursday that Greek Central Bank Governor Lucas Papademos was a "very good" candidate to succeed Christian Noyer as vice president of the European Central Bank, reports Dow Jones.
Pakistan c bank may hold some euro forex reserves
PAKISTAN - Pakistan may allocate part of its foreign exchange reserves in the euro when there is greater stability in the currency, the central bank said Thursday.
A cough and a headache halted Sabirin verdict
INDONESIA - A headache and a cough led a judge to postpone on Wednesday the verdict in the case of Central Bank governor Sjahril Sabirin, who is charged with corruption reports the Jakarta Post.
Pakistan law to check money laundering soon
PAKISTAN - The government has started working on an anti-money laundering law to check the inflow of suspicious transactions in the country's banking system.
ECB buys Frankfurt market site to build new office
GERMANY - With European Union enlargement in mind, the European Central Bank has agreed to spend about 60 million euros to buy the land housing Frankfurt's wholesale vegetable and fruit market to build a new headquarter.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'Back to the Future in Managing Banking Risk' Ferguson said "after nearly a decade of steady improvement, earnings from core bank operations and other measures of financial strength for the U.S. banking system have taken an…
Ethiopia slashes interest rates
ETHIOPIA - The Ethiopian central bank has halved interest rates to 3%, due to plunging deflation, weakening trade and investment and the global economic slowdown.
Barbados deal under fire from tax havens
BARBADOS - Caribbean tax havens have attacked the decision of Barbados to reach a settlement over demands by industrialised countries for reform.
Beijing backs away from controversial audit plan
CHINA - Chinese securities regulators have backed away from a controversial plan to force companies issuing shares to have their books audited by foreign accountants after furious lobbying against the policy by the domestic industry.
Nigeria's c bank urged to review monetary policy
NIGERIA - Central Bank of Nigeria and other regulatory authorities have been asked to reconsider their control strategies with the aim of striking a balance between exchange and interest rates policies in the overall interest of the productive sectors of…
Fed's Ferguson - Banks shouldn't become complacent
US - A top Federal Reserve official on Monday warned banks against complacency in taking risks as they deal with slowing growth, though he said there was no reason to be alarmed about the downturn in earnings.