Central Banking
Bank of France predicts robust growth
Despite growing signs of a slowdown in the U.S. and sputtering growth in Germany, the French economy remains remarkably robust, economists say.
Bank Indonesia debt to government is 24.5bn rupiah
Deputy governor of Bank Indonesia Ahjar Iljas said the central bank has issued a promissory note valued at Rp24.5 trillion ($2.7 billion) in a bid to settle the controversy over Bank Indonesia Liquidity Support (BLBI).
BOC's Liu says restructuring plan approved by PBOC
Bank of China President Liu Mingkang said on Thursday its proposed restructuring plan had been approved by China's central bank, the People's Bank of China.
What the BoE can learn from the Federal Reserve
In a "Letter to the Editor" in the Financial Times, Blair Baker says what the Bank of England can learn from the Federal Reserve, following Don Kohn's report on the problems with the BoE inflation forecast.
SNB must guard against currency appreciation-OECD
The monetary policy of the Swiss National Bank is currently appropriate for domestic economic conditions, but the SNB must monitor the effect of European Central Bank rate policy on exchange rates and guard against too sharp a rise in the Swiss franc…
Yugo bank governor unveils new banknotes
Yugoslav National Bank governor Mladjan Dinkic unveils the newly designed Yugoslav banknote of 100 dinars during a presentation of the new Yugoslav paper money and coins in Belgrade.
Lebanon considers changes to money laundering bill
The Lebanese Cabinet discussed a draft law to counter money-laundering on Wednesday but shelved the issue for a future meeting after some ministers proposed changes to the proposal.
ECB Vanhala says Eurozone inflation close to peak
European Central Bank governing council member Matti Vanhala on Thursday reiterated that the euro zone was close to its inflation peak but said the risks to price stability were still "upwards".
Uganda cenbank says to tighten monetary policy
Uganda's central bank on Thursday announced a rise in commercial bank reserve requirements from next week in a bid to stem inflationary pressures from the weakening shilling.
Duisenberg comments on Greek EMU entry
European Central Bank president Wim Duisenberg made the following comments at a news conference on Thursday concerning Greece's entry into the eurozone: "It is indeed an historic moment and a very satisfying and gratifying moment."
Uganda govt approves Mutebile as new bank governor
The Ugandan parliamentary committee on appointments yesterday approved the nomination of Mr. Emmanuel Tumusiime Mutebile as the new Bank of Uganda governor.
Banco do Brasil accumulates a profit of R$919.4m
Banco do Brasil, the Brazilian central bank, accumulated a net profit of R$59.8m in November, down from R$94.7m during the same month in 1999. However, accumulated profits for the first eleven months of 2000 stand at R$919.4m, up on the consolidated…
China intensifying supervision of foreign banks
People's Bank of China, China's central bank, is stepping up the regulation of foreign-invested banks management.
Trial nears for Indonesian central bank governor
The trial of Indonesia's central bank governor over a year-old banking scandal looked imminent after the government said on Wednesday it would hand over documents relating to the case to a court next week.
Hungary PM names new finance minister, c.bank head
Hungarian Premier Viktor Orban said on Wednesday he would appoint Mihaly Varga finance minister in place of Zsigmond Jarai, who would become central bank governor as of March 1.
Dutch ctrl bk sees 2001 CPI 4.2%, a 17-year high
Dutch consumer prices are set to grow 4.2% in 2001, the highest growth level since 1983, the Dutch Central Bank said Wednesday in its quarterly report.
Norges Bank leaves key lending rates unchanged
Norges Bank, the Norwegian central bank, left its key lending rates unchanged as expected at Wednesday's regular monetary policy meeting and maintained a neutral stance regarding future decisions.
BoT to ease regulations on e-money settlement
The Bank of Thailand said Wednesday it plans to ease restrictions on interbank electronic money transactions via its Bahtnet settlement system.
Poland upgrading banking laws to EU standards
The Polish government has approved amendments to laws on the banking system and the central bank to upgrade them to European Union standards, a finance ministry official said on Wednesday.
Bank of Sudan lowers reserves ratio
The governor of the Sudanese central bank, Mr Saber Mohammed Al-Mahdi, said that the Bank had decided to lower the cash reserves ratio in the local commercial banks from 15% to 10%.
IMF says zloty interventions OK to help reserves
The International Monetary Fund on Wednesday said Poland's central bank could consider foreign exchange intervention to maintain the ratio of foreign reserves to hard currency liabilities.
Mercosur sets macroeconomic convergence targets
The Southern Cone Common Market, or Mercosur, on Wednesday announced macroeconomic convergence targets, including fiscal and inflationary goals, top officials said.
Strong growth unlikely soon,despite signs-CNB Tuma
Czech National Bank governor Zdenek Tuma said Wednesday that although the economy has exhibited many positive signs in the past year, strong growth is unlikely in the near term.
Czech Vaclav Klaus and CNB Tuma fail to agree
Czech opposition Civic Democratic Party leader Vaclav Klaus and central bank governor Zdenek Tuma today failed to reach agreement on the method of CNB's communicating with other state bodies, Klaus told journalists after the meeting.