Central Banking
Reserve Bank of Australia - Press release
PRESS RELEASE - Statement by the governor, Mr Ian MacFarlane - Monetary Policy 5 September.
LDP group to draw up BOJ law revision proposal
JAPAN - A group of lawmakers in the ruling Liberal Democratic Party will draw up a report recommending revisions to the Bank of Japan law in early October, a key member of the group said Wednesday 5 Sep.
IMF says making fewer conditions on its lending
US - The International Monetary Fund said on Tuesday 4 Sep it has pared back the amount of conditions its attaches to its loans, but that more needs to be done on the policy, which aims to give borrowers more freedom in setting their own economic…
The stability-oriented monetary policy of the ECB
SPEECH - Luncheon speech by Christian Noyer, Vice-President of the European Central Bank, at the conference organised by HSBC CCF Securities, Paris, 6 September.
Noyer: New Rate Level In Line With Price Stability
FRANCE - European Central Bank Vice President Christian Noyer Thursday 6 Sep hailed the euro's strengthening trend over the past several weeks, while at the same time downplaying its fall back below $0.90 this week.
More low-value euro notes for German retailers
GERMANY - Germany may need to print more low-denomination euro banknotes sooner than expected in response to high demand from retailers, Ernst Welteke, the Bundesbank president, said yesterday, 3 September.
Speech by Stephen Nickell of the Bank of England
SPEECH - Speech by Stephen Nickell, Member of the Monetary Policy Committee of the Bank of England and Glenda Quintini, Credit Suisse First Boston, to the economics section of the British Association for the Advancement of Science, Glasgow, 4 September.
Opening remarks at the Bank of Kansas symposium
SPEECH - Remarks by Federal Reserve Board Chairman Alan Greenspan at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 31 August.
Roger Ferguson at the Bank of Kansas symposium
SPEECH - Remarks by Federal Reserve Board Vice Chairman Roger Ferguson at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 31 August.
ECB Press Conference - Questions and answers
On the occasion of the unveiling of the euro banknotes and their security features, Frankfurt. Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, and Prof. Dr. Eugenio Domingo Solans, Member of the…
Financial markets in a globalised world
SPEECH - Second Deputy Governor of the Riksbank, Sweden's central bank, Eva Srejber gave a speech to the Swedish Mutual Fund Association on 4 September.
Australia lowers interest rates
AUSTRALIA - The Reserve Bank of Australia sliced interest rates by one-quarter percentage point on 5 September to offset weakening global economic activity and despite higher-than-forecast inflation.
Private Iran bank gains licence
IRAN - Iran's first private bank since the 1979 Islamic revolution has received a licence to begin operations as part of a wider package of economic reforms intended to restructure the state-controlled banking sector.
Taipei plans new assets law
TAIWAN - Taiwan's finance ministry has drawn up legislation on the securitisation of financial assets, a reform widely seen as essential to the success of efforts to put collateral held by banks burdened by bad loans back into circulation.
Asia-Pacific nations meet to battle global gloom
CHINA - Asia-Pacific finance ministers, grappling with a global slowdown and wide divisions over how to deal with it, gather this week in one of the few countries managing to thrive despite the slump - China.
Kazakh bank boss cuts beard as deposits top $1 bln
KAZAKHSTAN - Kazakh central bank boss Grigory Marchenko shaved off his beard on Wednesday, 5 September, - fulfilling a vow to sacrifice his whiskers once private deposits in Kazakh banks topped $1 billion, Reuters reports from Almaty.
Vajpayee plans economic boost for India
INDIA - Indian Prime Minister Atal Behari Vajpayee has unveiled a plan to revive his country's slowing economy with fresh reforms.
Top banker blasts Russian bank reform blueprint
RUSSIA - Central Bank head Viktor Gerashchenko criticised a blueprint for banking reform, saying in a letter to Finance Minister Alexei Kudrin that plans to divide banks into three tiers could damage the stability of the entire sector.
Oman enacts new law to combat money laundering
OMAN - Oman has enacted a new law was being enacted to combat money laundering, said a senior official.
Philippines C bank move to raise bank transparency
PHILIPPINES - The Philippine central bank will soon issue additional disclosure requirements to make banks more transparent, while encouraging more foreign participation in the local banking sector, said central bank deputy governor Alberto Reyes.
Indonesia's 2002 budget to be drained by debt
INDONESIA - Indonesia will unveil on 7 September a draft budget constrained by a mountain of debt that has left President Megawati Sukarnoputri's government with barren coffers and few options to prove it can fix the shattered economy.
Japan seeks compromise on IMF assessors
JAPAN - Japan has sought to defuse a looming row with the International Monetary Fund, having previously hinted that it might block an IMF assessment of its financial system.
Sharp rise in public fears over euro price hikes
BELGIUM - Governments in the 12-nation eurozone were given a stark warning yesterday about growing public concern that January's changeover to euro notes and coins will be exploited for unfair price rises.
Investigator is prepared to expose City watchdog
UK - The newly appointed independent investigator of complaints about the Financial Services Authority is happy with her powers despite being unable to force the City watchdog to pay compensation.