Central Banking
Big Chinese banks reduce bad loans increase profit
CHINA - China's four major state-run commercial banks have all reported strong profit for the first half of the year as they continued to reduce a heavy portfolio of bad loans, however their risk management skills are limited.
Monetary Policy: The End of History?
SPEECH - Stephen Grenville, Deputy Governor of the Reserve Bank of Australia gave a speech on 20 July at the Monetary Authority of Singapore 30th Anniversary Conference on Central Banking in The New Economic and Financial Landscape, Singapore.
Safeguarding financial stability - key issues
SPEECH - Vahur Kraft, Governor of the Bank of Estonia spoke at a conference on the Challenges for the Unified Financial Supervision in the New Millennium, Tallinn, Estonia on 2 July.
The framework of Israel's economic policy for 2002
SPEECH - David Klein, Governor of the Bank of Israel, to The Financial Forum, Tel-Aviv, 11 July.
Research calls for change to China monetary policy
CHINA - With the development of the capital market, the fluctuation of asset prices will have an increasingly greater influence on the stability of money demand and in turn affect the quantity and mix of money supply. For this, the monetary policy should…
No policy change despite emergency, Bank Indonesia
INDONESIA - The governor of Indonesia's central bank said yesterday, 23 July the country's foreign exchange and monetary policy remained unchanged despite President Abdurrahman Wahid's declaration of a state of emergency earlier in the day.
Is Greenspan growing tired of his task?
ARTICLE - Alan Greenspan has always been as good a politician as he is a central banker. The Federal Reserve chairman is the master of the non-answer-answer to a hostile question and he does it with remarkable grace. Last week's appearance on Capitol…
New London Rep for Bank Indonesia
UK - The London office of Bank Indonesia has a new Chief Representative.
Impact of euro cash set to be 'low'
GERMANY - Deutsche Bank, Germany's biggest bank, has warned against overestimating the potential disruption generated by the change to euro cash at the start of next year. The bank said it was more likely to be a "big bang" with "little impact" on…
Greenspan says monetary policy still works
US - Federal Reserve Chairman Alan Greenspan said today, 24 July, that changes in monetary policy are still able to boost the economy, even as the U.S. economy has continued to drag after a series of Fed rate cuts.
Dutch central bank sold gold last week
NETHERLANDS - Figures from the Dutch central bank on 24 July showed its gold reserves fell by 20 million euros last week.
BIS urges watch on Asian c.bank balance sheets
AUSTRALIA - The Bank for International Settlements said today, 24 July, more attention should be paid to the balance sheet independence of central banks in Asia.
Thai c.bank to finalise new forex rules this week
THAILAND - A senior Bank of Thailand (BOT) official said on 24 July changes to forex trade reporting rules for foreigners would go to the governor for approval this week.
Central Bank of Oman - Annual Report 2000
ANNUAL REPORT - The Central Bank of Oman has published its Annual Report for the year ended 2000.
Bank Al-Maghrib - Annual Report 2000
ANNUAL REPORT - Bank Al-Maghrib has published its Annual Report for the year ended 2000.
IMF International Capital Markets Report, 2001
CENTRALBANKNET'S SPECIAL REPORT - We have only to look back over the events of the past two weeks to see just how dramatically sentiment has shifted in the past year. Argentina is in the spotlight again; Turkey never far out of it. Will the global…
Interview - Stephen Nickell of the bank of England
ARTICLE - The Bank of England has created faith in the UK economy and maintained a strong pound, Stephen Nickell tells Ed Crooks of the Financial Times, 23 July.
Asia-Pacific bank governors meet in Australia
AUSTRALIA - Central bank governors and deputies from the Asia-Pacific region met today, 23 July in Australia, but their discussions were held in private and no communique was released.
Bank Indonesia extends capital adequacy deadline
INDONESIA - Bank Indonesia has extended its deadlines for banks to achieve a minimum capital adequacy ratio (CAR) of 8 per cent.
O'Neill plays down Argentine contagion risk-report
UK - U.S. Treasury Secretary Paul O'Neill sees little likelihood of contagion spreading to other emerging market economies as a result of Argentina's financial crisis, the Economist magazine reported.
Philippine Bank will strictly enforce Forex rules
PHILIPPINES - In a stern warning to banks deemed responsible for several days of volatility in the peso market, the Philippine Central Bank said today, 23 July it will strictly implement existing sanctions against violators of foreign exchange rules,…
Bank of France - Annual Report 2000
ANNUAL REPORT - The Bank of France has published its Annual Report for the year ended 2000.
O'Neill believes ECB is not fully independent
US - U.S. Treasury Secretary Paul O'Neill said on 23 July that the European Central Bank is not totally independent from the views of the most influential member states of the euro zone.
Brazil heavyweights head to US to broker IMF deal
BRAZIL - Heavyweights from Brazil's central bank, finance ministry and the planning and budget ministry will be in Washington D.C. this week to negotiate a new accord with the International Monetary Fund, according to Valor on 23 July.