Central Banks
PBOC to ensure 'soft landing'
China's central bank will maintain its cautious stance on further monetary policy moves to ensure that the nation's fast-growing economy enjoys a "soft landing," Monday's China Daily quoted a leading official as saying.
SARB's Mboweni reappointed for new term
Tito Mboweni, the South African Reserve Bank governor, says he will aim for lower inflation during his next term in office. Mboweni's contract was renewed for a further five years by President Thabo Mbeki on Friday 23 July.
Mboweni discusses his future with Mbeki
South African Reserve Bank governor Tito Mboweni is currently in discussions regarding his future at the SARB, a government spokesman said. Mboweni's current contract is due to expire at the end of next month.
Duisenberg plans visit to Kuala Lumpur
Former European Central Bank President Wim Duisenberg will visit Kuala Lumpur in September to deliver a talk on "The Euro and Asia", to be hosted by ABN AMRO Bank Bhd, the Malaysian Dutch Business Council (MDBC) and the Royal Netherlands Embassy, Bernama…
Bundesbank introduces new code of conduct
The Deutsche Bundesbank announced this week that it was introducing a code of conduct for members of its executive board. The new rules oblige the eight board members to hold office in a way that is "independent and avoids bias and personal gain."
RBA's McGauchie promoted at Telstra Corp
Donald McGauchie, an external board member of the Reserve Bank of Australia, has been promoted to chairman of Telstra Corp, Australia's largest phone company.
Miner finds $10m diamond in Guinea Republic
A miner in Guinea struck lucky this week when his shovel unearthed a 182-carat diamond estimated to be worth $10 million. The rock is now under armed guard in Guinea's central bank.
Summary of Bank of England's BCCI defence so far
The Bank of England started its defence in the BCCI case on Monday 19th July. After today (23 July), the Court will break until Monday 27 September. As the BCCI trial does not progress further until late September, here is a brief summary of what Nick…
ECB information on the counterfeiting of the euro
In the first half of 2004, a total of 307,223 counterfeit euro banknotes were withdrawn from circulation, the European Central Bank (ECB) said on 22 July.
Fukui on the future of Japan's economy
In a speech on 'Significance of efficient financial services for the future of Japan's economy' given on 22 July, Toshihiko Fukui of the Bank of Japan said we have promised that we maintain our current easy monetary policy until nationwide core consumer…
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its Update to the April Monetary Policy Report on 22 July. The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy. Economic growth in Canada should average about 3.5…
Bank of Russia to introduce new banknotes
The Russian central bank plans to introduce modified banknotes with the denominations of 10, 50, 100, 500 and 1,000 rubles from 16 August, first deputy chairman Arnold Voilukov said at a press conference.
Slovak central bank opens tender for euro designs
The Slovak National Bank (NBS) has called for proposals for the symbols to be featured on the euro coins to be used in Slovakia once the country adopts the single European currency.
Bank of England's furniture goes under the hammer
The Bank of England raised £266,605 on Wednesday 21 july by auctioning antique furniture after the 310-year-old institution adopted an open-plan layout at its London headquarters.
Argentina raises 2004 economic growth prediction
The Argentinian central bank on Thursday 22 July revised its forecast on the country's GDP growth rate for 2004 from 6 to 8 percent. The bank also predicted that the inflation rate will stand at 6.7 percent and the unemployment rate will drop from 14.5…
Singapore's MAS likely to get new chief soon
Speculation is growing that the handover on 12 August of leadership in Singapore will lead to a change at the helm of the de facto central bank, the Monetary Authority of Singapore. Observers are split on two possible candidates to replace current…
Santomero on the U.S. economy: Back on course
In a speech 'The U.S. Economy: Back on Course' given on 21 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the US economic expansion still has ample momentum and recent signs of softness should be transitory.
Fed's Ferguson on business-cycle recoveries
In a speech on 'A Retrospective on Business-Cycle Recoveries: Are "Jobless" Recoveries the New Norm?' given on 21 July, Roger Ferguson of the Federal Reserve said the slow jobs recoveries that followed the last two U.S. recessions do not suggest a need…