News

Secrecy off for deposits above P50M in Philippines

Scoring a crucial victory against money laundering, the House of Representatives has given the Bangko Sentral the power to examine suspicious deposit accounts more than P50 million under the proposed Revised Central Bank Act.

US Senate gives 11% raise for Greenspan

The Senate passed a bill that gives Federal Reserve chairman Alan Greenspan an 11% raise and puts the long-held tradition of the central bank chief's twice-yearly Capitol Hill testimony in writing. The bill, passed by voice vote, now goes to President…

Jakarta denies accusing c.bank head over fake cash

Indonesia's chief economics minister Rizal Ramli denied on Friday newspaper reports he had accused central bank governor Syahril Sabirin of being linked to counterfeiting at the embattled bank.

No need to return to zero-rate policy - Miyazawa

Japanese finance minister Kiichi Miyazawa said Friday he does not think the Bank of Japan needs to restore its zero-interest-rate policy, although the economy needs to be watched carefully in the areas of personal consumption and employment.

NBS approves draft bank law, 2001 money programme

The board of the National Bank of Slovakia today approved the monetary programme for next year and the draft law on banks which is designed to bring Slovak banking closer to the EU rules, Jan Onda, spokesman for the NBS, said to reporters.

Fund seeks its own watchdog

The International Monetary Fund's Executive Board has named Ray & Berndstson, a US-based international executive search firm, to identify candidates for the position of Director of the IMF's newly created independent Evaluation Office.

Amended CNB law worsens EU accession chances

The Chamber of Deputies today did not identify itself with the arguments of the European Commission and decided that the controversial amended law on the Czech National Bank will take effect on 1 January 2001, central bank spokesman Milan Tomanek told…

Yugoslav parliament appoints cbank deputy governor

Yugoslavia's parliament appointed a Montenegrin deputy central bank governor on Thursday, ending a row over the post that threatened to postpone Belgrade's return to the International Monetary Fund this month.

Balcerowicz proposed for Polish central bank chief

Poland's president on Thursday named Leszek Balcerowicz, the architect of the country's free market reforms in the early 1990s, as his candidate to become the new central bank chief, the presidential press office said.

Zimbabwe foreign payment arrears reach $488m

Zimbabwe's foreign payment arrears, a result of severe hard currency shortages, stood at $488m in November, according to statistics published by the Reserve Bank of Zimbabwe this week.

Riksbank hikes rates, policy stance to neutral

The Riksbank said that its 25 basis point hike that raised the repo rate to 4.0% Thursday was based on its new assessment that inflation would rise above the central bank's 2% limit in two year's time in the absence of tighter monetary policy.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.