Central Banks
Speech by Fed governor Laurence H Meyer
SPEECH - Federal Reserve governor Laurence H. Meyer has given a speech before the New York Association for Business Economics and The Downtown Economists, New York on 6 June.
Swiss National Bank - Annual Report 2000
REPORT - The Swiss National Bank has produced its annual report 2000. It reviews a year in which GDP grew and unemployment declined significantly in Switzerland, inflation rose slightly but still remained below 2%.
National Bank of Denmark - Annual Report 2000
REPORT - The Danmarks Nationalbank has published its Report and Accounts 2000. It was a year in which a referendum was held on Denmark's proposed adoption of the euro.
Worries as German's remember 'wheelbarrow money'
GERMANY - A survey has revealed that more than half the population of Germany remain wary about the introduction of euro notes and coins fearing it will lead to price rises as retailers use the opportunity to round up prices following conversion into the…
ECB keeps interest rates on hold
EUROPE - The European Central Bank has maintained the key interest rate for the 12 countries within the eurozone at 4.5%.
IMF will grant loan to Yugoslavia in June - Dep PM
YUGOSLAVIA - The International Monetary Fund will grant its first stand-by loan to Yugoslavia this month even though the country's failure to adopt a war crimes law had been expected to block aid, Deputy Prime Minister Miroljub Labus said on 7 June.
Polish c-bank to reveal wages of top officials
POLAND - The National Bank of Poland (NBP) will reveal the salaries of its top officials on 7 June after deputies questioned why the pay of public servants was secret, senior central bank official Pawel Narozny said.
Autonomous central bank defended by Fraga
BRAZIL - Central Bank president Arminio Fraga emphasized the importance of three items among those that depend on the regulation of article 192 of the Constitution of 1988, which deals with the national financial system.
Run a central bank with new Swiss computer game
SWITZERLAND - The Swiss National Bank has recently posted a new computer game onto its web site. For anyone aspiring to hold the reins of a nation's economy this provides a new and novel way to hone the skills for central banking and take charge of a…
Bahrain urges Islamic banks to merge
BAHRAIN - Bahrain, the Gulf's financial centre, on 5 June urged Islamic banks to consolidate or increase their capital to help them compete with conventional banks on financing major projects.
New Thai bank governor plans radical changes
THAILAND - Pridiyathorn Devakula, the new governor of the Bank of Thailand, who formally took charge of the bank on 5 June, plans radical changes to monetary policy in Thailand.
Asia and the IMF
SPEECH - Stanley Fischer, First Deputy Managing Director at the International Monetary Fund spoke about Asia's relationship with the IMF at the Institute of Policy Studies, Singapore on 1 June.
Bank of England maintains interest rates at 5.25%
UK - The Bank of England's Monetary Policy Committee (MPC) has left UK interest rates unchanged. The committee met on 6 June and the decision to leave rates unchanged was widely expected by economists.
Blair may be serious about single currency entry
UK - British prime minister Tony Blair is being seen as serious about campaigning for British participation in the single currency, the euro, after the UK general election which will be held tomorrow, 7 June.
Top economists say UK should join euro
UK - Fifteen of the country's most eminent economists have urged the UK Government to join the euro in a letter to the Financial Times in London.
Communicating Canadian monetary policy
SPEECH - Paul Jenkins, Deputy Governor of the Bank of Canada has made a speech titled 'Communicating Canadian monetary policy: towards greater transparency'. He was speaking at the Ottawa Economics Association, Ottawa, on 22 May.
Bank Indonesia Real Time Gross Settlement BI-RTGS
ARTICLE - Bank Indonesia began operating a Real Time Gross Settlement system in Bandung area on 5 June. With this system, inter-bank payments are settled in real time where the participant bank's accounts can be debited/credited several times per day.
Malta Central Bank re-appoints governor
MALTA - Michael Bonello has been re-appointed as governor of the central bank of Malta. He was appointed by the President on the advice of the prime minister for a second two-year term until October 2003. The announcement was made on 5 June.
Police warn euro notes may make crime easier
EUROPE - The high value of euro banknotes may make financial crime easier by enabling criminals who transfer cash across borders to cram more money into briefcases, European police fear.
Speech by Paul O'Neill on the future of the IMF
SPEECH - Paul O'Neill, Secretary of the US Treasury, gave a speech on 22 May to the House Committee on Financial Services. In it he sets forth his vision of the IMF as a more focused and limited institution.
Duisenberg speech on central bank responsibilities
SPEECH - Wim Duisenberg, President of the European Central Bank, gave a speech at the Central Bankers' Panel at the International Monetary Conference, Singapore on 4 June. The speech was titled What exactly is the responsibility of central banks of large…
Bank of Latvia - Annual Report 2000
ANNUAL REPORT - The Bank of Latvia has published its Annual Report 2000. It says that results were better than projected and were above the average level in the region. This was partly a result of economic reform in Latvia and the bank's monetary policy.
Central Bank of Algeria's web site 'hacked into'
ALGERIA - The Central Bank of Algeria's web site has been hacked into by persons unknown.
Banks continue self-regulation
UK - Banks and building societies should continue with self-regulation of accounts, the UK Treasury has been told by a high-powered committee it appointed to review the system.