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Central Bank of Malaysia - Annual Report 2000
MALAYSIA - On Mar 28, 2001, Bank Negara Malaysia released its annual report for 2000. A list of content and a link to the annual report on the BNM website is available. There is a chapter in the report devoted to Malaysia's Finanical Sector Masterplan.
Malaysia's cbank annual report-growth 6% in 2001
MALAYSIA - Malaysia's economy will expand by around 6% in 2001 with the help of the new 3 billion ringgit supplementary budget announced Mar 27, 2001, the central bank said in its annual report Mar 28.
S.Africa govt says gradual reduction of NOFP best
SOUTH AFRICA - South Africa's Treasury said on Mar 28, 2001 it was committed to steadily reducing its uncovered forward foreign exchange exposure and would not borrow massively abroad to do so.
Fitch cuts Czech currency rating, crown hit
CZECH REPUBLIC - International rating agency Fitch on Mar 28, 2001 cut the Czech Republic's long-term local currency rating, knocking the crown off recent historic highs, though analysts said the currency's firming trend remains.
Poland cuts interest rates by 100 bp
POLAND - Poland's Monetary Policy Council (MPC) cut its interest rates on Mar 28, 2001 by 100 basis points to between 17 and 21 percent, the National Bank of Poland said in a statement.
BOE Julius to leave central bank in 2 months-FT
UNITED KINGDOM - DeAnne Julius, one of the most dovish members of the Bank of England's rate-setting Monetary Policy Committee, is poised to leave the central bank in two months.
Outgoing Slovenia c.banker warns against inflation
SLOVENIA - Slovenia's outgoing central bank governor France Arhar said on Mar 28, 2001 the country should limit the growth of wages to battle high inflation.
Former Philippine c. bank chief made consultant
PHILIPPINES - Former Philippine central bank governor Gabriel Singson has been appointed presidential consultant on banking and foreign loans, a presidential palace statement said on Mar 28, 2001.
Asian forum Manila Framework Group meets in China
CHINA - The Manila Framework Group regional financial forum started a two-day meeting in Beijing on Mar 28, 2001 to discuss a range of issues including the impact of the slowing U.S. economy, organisers said.
BoK criticises govt for interfering in mon policy
SOUTH KOREA - The Bank of Korea has criticized the government for its regular interference in the country's monetary polices.
RBA launches newly designed website
AUSTRALIA - The Reserve Bank of Australia has launched a major redesign of its website at www.rba.gov.au, increasing the quality and quantity of information, and the ease of access.
Irish cbank sees 2001 growth slowing to 7%
IRELAND - Ireland's central bank said on Mar 28, 2001 it expected the booming Irish economy to experience a slowdown in 2001 GNP growth to around 7.0%, compared to growth of 9.75% in 2000.
Bank of Greece searches for Milosevic millions
GREECE - The Bank of Greece is investigating several Greek banks suspected of receiving funds laundered by Slobodan Milosevic, the former president of Yugoslavia.
CBR asks government to repay its debts
RUSSIA - Bank of Russia recorded a pretax profit of about R4bn for 2000, Governor Viktor Gerashchenko reported, but the government still needs to repay its debt to the central bank.
Euro-MP says Czechs must change central bank law
CZECH REPUBLIC - The chairwoman of a European Parliament committee said on Mar 28 that a new Czech law increasing politicians' influence over the central bank must be amended to bring it into line with European Union treaties.
Ex-Bundesbank chief Poehl - time ripe for ECB cut
EUROPE - Former Bundesbank President Karl Otto Poehl thinks the European Central Bank should cut interest rates in the face of slowing economic growth, he told a Swiss newspaper in an interview published on Mar 28, 2001.
Computer support for reserves managers-Nugee
RESERVE MANAGEMENT - Deciding on the right level of computer support for reserve managers in a world of fast changing technology often makes it preferable to outsource some IT provision, says John Nugee, former head of reserve management at the Bank of…
Role of subordinated debt in market discipline
IMF RESEARCH - This new working paper by the IMF puts the last nail in the coffin regarding the use of mandatory subordinated debt in enhancing market discipline in emerging markets. It says the preconditions for its success are not fulfilled in emerging…
Financial mkt implications of the US debt paydown
CENTRAL BANK RESEARCH - The dwindling supply of US treasuries is worrying not only the financial markets but also Federal Reserve chairman Alan Greenpsan, one of the reasons he has given his support for Bush's $1.6 trillion tax cuts. In a New York Fed…
When is US bank lending to emerging mkts volatile?
CENTRAL BANK RESEARCH - In a New York Fed staff report, Linda S. Goldberg, finds out what causes fluctuations in lending by US banks to emerging markets. Goldberg finds the most important influence is the state of the US economy - when US growth is…
Swedish inflation risks muted - central bank
SWEDEN - The Sveriges Riksbank on Mar 27, 2001 left its key repo rate unchanged at 4.00 percent and cited subdued inflation pressures in a pointer that interest rates would remain on hold or fall in the next few months.
J.P. Morgan to include Singapore in GBI Board
SINGAPORE - Singapore will become the 22nd country in J.P. Morgan's Government Bond Index Board (GBI Board) starting on April 2 with a 0.3 percent market capitalisation weighting.
Laos cbank governor appointed finance minister
LAOS - In a government reshuffle which saw Laotian deputy prime minister and finance minister Bounnyang Vorachit elected prime minister on Mar 27, 2001, central bank governor Soukan Mahalath was elected to succeed Bounnyang as the new finance minister.
Euro drop in 2000 was normal dip - Fed's Poole
EUROPE - The euro's weakness against the dollar last year was a "perfectly normal" dip of a sort which all currencies suffer from time to time, Federal Reserve Bank of St. Louis President William Poole said on Mar 27, 2001.