Monetary Policy
Bahrain to set up liquidity management centre
BAHRAIN - Bahrain plans to establish a US$50 million liquidity management centre (LMC) to help meet the needs of Islamic banks and financial institutions.
Hungary publishes euro recommendations for banks
HUNGARY - The National Bank of Hungary (MNB) has published recommendations to commercial banks regarding the introduction of euro coins and notes in 12 EU member states as of 1 January 2002.
Italian bank chief backs Berlusconi's policies
ITALY - Antonio Fazio, the governor of the Bank of Italy, on 24 July gave strong backing to the economic policies of Silvio Berlusconi's new centre-right government, blaming the prime minister's predecessors for giving the country a low rate of economic…
Russia to draft new forex control law by October
RUSSIA - The Russian government intends to draft a new, more liberal law on hard currency controls and regulations by October, the Finance Ministry said yesterday, 24 July.
Australasia must be considered in Asia union
AUSTRALIA - Australia and New Zealand should be considered in any move towards monetary union in Asia, a discussion paper at a Reserve Bank of Australia conference in Sydney on 24 July concluded.
S.Africa's Mboweni urges black empowerment support
SOUTH AFRICA - South Africa's central bank governor Tito Mboweni said that although laws could help address the issue of black empowerment in South Africa, public commitment was crucial.
Central bank guidelines on credit extension
NIGERIA - The Central Bank of Nigeria (CBN) lived up to its billing in pursuit of its function of promoting monetary stability and a sound financial system when last week it rolled out a new guideline on public spending, reports All Africa Global Media,…
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.
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.
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.
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.
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.
Bank of France - Annual Report 2000
ANNUAL REPORT - The Bank of France has published its Annual Report for the year ended 2000.
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.
Deutsche Bundesbank - Annual Report 2000
ANNUAL REPORT - The Deutsche Bundesbank has published its Annual Report for the year ended 2000.