Monetary Policy
Thai central bank puts loans case to Basel panel
THAILAND - The Bank of Thailand has asked member countries of BIS Basel Committee to curtail loans to hedge funds, according to Thirachai Phuvanatnaranubala, the central bank's deputy governor overseeing stability of financial institutions.
Poverty too high says head of Trinidad's c bank
TRINIDAD - The governor of the Central Bank of Trinidad and Tobago, Ewart Williams, says while the country has experienced economic growth over the last eight years, not enough had been done to improve the quality of life for its citizens.
UK Treasury Press Release
PRESS RELEASE - Chancellor and Sir Edward George pledge more money for Commonwealth Education Fund, 24 September. Chancellor Gordon Brown, and Governor of the Bank of England Sir Edward George, today announced the auction of low-numbered £5 banknotes,…
CentralBankNet Monday Special Feature
Each Monday in future CentralBankNet will run a special feature on a subject of topical interest. This week we look at the issues raised by Bill McDonough's recent speech deploring the excesses of US executive pay and ask: Is it the job of a central…
Speech by M R P Devakula, Bank of Thailand, 6 Mar
SPEECH - In the speech titled 'Outlook for 2002 and the Road Ahead' Devakula said we enter the year 2002 with more confidence. The Thai economy had most assuredly bottomed out last year. The latest released January economic figures point to more strength…
Bank of England Quarterly Bulletin Autumn 2002
REPORT - Of particular interest in the Autumn Quarterly Bulletin, released Monday, are the articles 'Committees versus individuals: an experimental analysis of monetary policy decision-making' where a simple experiment with students apparently confirmed…
Speech by Edward George, Bank of England, 20 Sep
SPEECH - In the speech George described the recent volatility of international stock markets as "hugely frustrating" and said that it was "very difficult to predict" whether the advantages of membership of the euro outweighed the risks for Britain's…
Customer due diligence for banks
REPORT - Customer due diligence: a new level of commitment among bank supervisors. Basel Committee Publications, 19 September 2002.
12th Int'l Conference of Banking Supervisors
PRESS RELEASE - Representatives of about 150 banking supervisory authorities from nearly 120 countries met in Cape Town on 18 and 19 September 2002. They were participating in the 12th International Conference of Banking Supervisors (ICBS) held at the…
Mexico central bank set to shore up currency
MEXICO - The Mexican central bank is expected to tighten monetary policy on Monday to shore up support for the peso, which fell 3.5 per cent last week.
Croatian, Indonesian central banks sign agreement
CROATIA - The HINA news agency in Zagreb reported on Monday that an agreement on understanding and cooperation between the Croatian and Indonesian central banks was signed at the Croatian National Bank on Monday during the visit of a delegation of Bank…
Hungary: Central bank rejects PM's plea on rates
HUNGARY - Zsigmond Jarai has said that the current rate of interest is appropriate.
BoE's George says euro could help UK manufacturing
UK - Bank of England governor Sir Edward George said in Birmingham, England on Friday that the British manufacturing industry could benefit if the government opted to join the single European currency.
Turkmenistan central bank chief sacked
TURKMENISTAN - Turkmenistan's President Saparmyrat Nyyazow on Friday dismissed the chairman of the central bank "for abuse of office and in connection with criminal proceedings against him".
Bank research casts doubt on MPs' scrutiny
UK - Bank of England staff have investigated whether parliamentary scrutiny is as onerous in other countries after being wounded by the ferocity of parliamentary confirmation hearings for those nominated to the monetary policy committee.
Article on Christopher Allsopp's speech
ARTICLE - The article 'Why deflation may yet destabilise the monetary policy regime' by Stephen King in the Independent newspaper on Monday looks at a recent speech by Bank of England MPC member Christopher Allsopp.
Speech by Svein Gjedrem of Norges Bank, 6 Sep
SPEECH - In the speech titled 'The role of the Central Bank' Gjedrem said that the Norwegian economic system has undergone substantial changes over the past ten to twenty years. The model based on detailed control of capital, credit and interest rates…
Speech by Tito Mboweni, RB of South Africa, 18 Sep
SPEECH - In the speech Mboweni said South Africa is regarded as having a dual economy. On the one hand it is an emerging market with its fair share of challenges regarding economic growth, wealth distribution, and inflation. In particular, we face the…
South African Reserve Bank Quarterly Bulletin
REPORT - The South African Reserve Bank has published its Quarterly Bulletin for September 2002. In the Bulletin the SARB report that deteriorating financial market conditions could dampen the global recovery. Falling stock market prices, through various…
Speech by C Allsopp, Bank of England, 19 Sep
SPEECH - In the speech titled 'Macroeconomic Policy Rules in Theory and in Practice' Allsopp argued against using interest rates to burst asset price bubbles. "In my view, the most persuasive argument against using interest rates to moderate…
Reserve Bank of New Zealand Press Release
PRESS RELEASE - Monetary Policy Challenge winner announced, 18 September.
Inflation target regime debated in South Africa
SOUTH AFRICA - Economists briefing Parliament's finance committee endorsed the country's inflation targeting regime on Friday, but offered conflicting advice on how to improve it.
Scotland to be first to print its own euros?
UK - The Bank of Scotland chiefs are fronting a campaign, which aims to allow Scotland to become the first region in the European Union to print its own euros, if the pound is scrapped.
Greenspan to get honorary knighthood on Thursday
US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.