Central Banking
House likely to delay BI deputy governors decision
INDONESIA - The House of Representatives is likely to delay the appointment of three new Bank Indonesia deputy governors, as legislators will start a month-long recess on Wednesday.
RBI protests against faulty telephone directory
INDIA - The Patna unit of the Reserve Bank of India (RBI) has charged the Patna Telephones of the Bharat Sanchar Nigam Limited (BSNL) with neglecting complaints of telephone consumers, in general, and the RBI, in particular, with regard to errors found…
Hungary's Nat Bank to build new logistics centre
HUNGARY - The National Bank of Hungary plans to build a new logistics centre, also housing the National Mint - Magyar Penzvero - on the outskirts of Budapest or outside the city, the central bank announced on Friday.
US reports weak economic activity
US - Economic activity was weak across the US in September and the first half of October, as the effects of last month's terrorist attacks compounded the slowdown already in place before 11 September, the Federal Reserve said yesterday, Wednesday.
HKMA's Yam - Catastrophe to drop HK$ peg now
HONG KONG - HKMA chief uses strong words to quash talk of de-pegging from US$ in a speech given on Wednesday.
Brazil calls emergency BRR1 billion debt sale
BRAZIL - Brazil's central bank called an emergency sale of short-term, dollar-linked debt early Thursday to try to prop up its sagging currency.
Georgia's cen bank staff want right to carry arms
GEORGIA - Members of Parliament of Georgia are discussing an issue of allowing some employees of the National Bank of Georgia to carry firearms.
Speech by Alan Greenspan of the Federal Reserve
SPEECH - Remarks by Chairman of the Federal Reserve Board Alan Greenspan at the American Bankers Association's Virtual Annual Convention (taped statement) 23 October.
Speech by Kate Barker of the Bank of England
SPEECH - Speech by Kate Barker, Member of the Monetary Policy Committee of the Bank of England delivered at the Royal Bank of Scotland/ Scottish Economic Society Annual Lecture, Edinburgh on 23 October.
Speech by Lars Heikensten of Sweden's central bank
SPEECH - Speech by First Deputy Governor Lars Heikensten of Sveriges Riksbank, Sweden's central bank, Stockholm, 23 October.
Very short excerpt from Dallas Fed speech
SPEECH - An excerpt (very short) from speeches by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Texas Economic Development Council and Best Southwest Partnership, Dallas, Texas, 20 September.
Research from the Minneapolis Federal Reserve Bank
RESEARCH - The Federal Reserve Bank of Minneapolis has published research on the supervisory process in the September 2001 edition of The region, its regular quarterly publication.
Alan Greenspan applauds US financial system
US - The US is blessed with a financial system that is "creative, flexible and innovative", said Alan Greenspan, chairman of the Federal Reserve, in a pre-recorded speech to the American Bankers Association.
Soiled notes turn to paper bricks!
INDIA - The Gujarat headquarters of the Reserve Bank of India (RBI) has installed a Rs 2 crore note-shredder imported from the Netherlands at its regional head-office near Gandhi bridge, said regional director, RBI-Gujarat VS Das.
Fourth Bank member alludes to rate cut
UK - Kate Barker last night became the fourth member of the Bank of England's monetary policy committee in a week to hint at approval for future interest rate cuts. Her hint came in a speech to bankers and economists in Edinburgh.
Top Singapore civil brass in reshuffle
SINGAPORE - The chiefs of Singapore's central bank and trade ministry announced their resignation yesterday, paving the way for their likely entry into politics.
Heikensten - Policy could move in either direction
SWEDEN - The first deputy governor of Sweden's Riksbank, Lars Heikensten, on Tuesday noted that inflation should fall to target levels in the long-term, but near-term uncertainties mean monetary policy could either be eased or tightened in the months…
Shadow Group tells Fed to end rate cuts
US - In studying the Federal Reserve for six decades, Anna Schwartz has witnessed some of the Fed's most aggressive interest rate reductions, such as those after the Korean War, before Richard Nixon's re-election and during Ronald Reagan's second year of…
Schroeder: ECB monetary policy can be improved
GERMANY - German Chancellor Gerhard Schroeder said Friday that the European Central Bank's monetary policy could be improved.
BOK site flooded with Netizen visitors
SOUTH KOREA - The Bank of Korea (BOK) is drawing more interest in cyberspace, with the BOK reporting that its web site has recorded a monthly average of about 134,000 hits so far this year, twice as much as two years ago.
Koh Yong Guan to be new MAS managing director
SINGAPORE - Mr Koh Yong Guan, Permanent Secretary for National Development Ministry, will take over from Mr Tharman Shanmugaratnam as the managing director of the Monetary Authority of Singapore from Monday.
China central bank says deflation still a problem
CHINA - The threat that deflation will re-emerge continues, as domestic consumption remains weak, a senior central bank official wrote in a weekend article.
Euro campaigners point to inward investment fall
UK - Pro-euro campaigners yesterday claimed that exclusion from the single currency was beginning to hit the economy, with the news that Britain's share of European inward investment projects had fallen sharply to 21 per cent in the first half of this…
Speech by Yutaka Yamaguchi of the Bank of Japan
SPEECH - Remarks by Yutaka Yamaguchi, Deputy Governor of the Bank of Japan, at the JCIF International Finance Seminar on 17 October.