News
Buba's Stark - US growth slowdown coming true
Bundesbank deputy president Juergen Stark said on Monday he was pleased with the euro's appreciation and said the slowdown in US economic growth appeared to be materialising.
Former Ukraine bank governor under investigation
An investigation into the alleged misuse of funds by the former first deputy chairman of the National Bank of Ukraine, Volodymyr Bondar, is under way, Ukrainian television's Third Programme reported.
Hungary cenbank council may become dysfunctional
The supervisory board of the National Bank of Hungary is concerned that the central bank council may become unable to function and make decisions after 20 February 2001, according to the daily Vilaggazdasag.
Czech govt recognises Tuma as c.bank head-for now
The Czech government agreed on Monday to recognise last week's appointment of Zdenek Tuma as the country's central bank governor for the time being, easing tensions over the naming by President Vaclav Havel last week.
Lawyers dispute over PM's decision on new CNB head
The possibility that the appointment of the new Cezch central bank governor must be blessed by the prime minister has given rise to disputes among experts, who are not able to reach agreement on whether the counter-signature of a cabinet member is…
Indonesia to issue fresh bonds to help banks
Indonesia will issue new bank bail out bonds with higher interest rates next week in the hope of kick-starting a secondary bond market and resurrecting their $68.8 billion banking rescue effort.
Fed helps Bank with rate study
The Bank of England, the UK central bank, has commissioned an investigation by a senior official of the US Federal Reserve to assess the way it sets interest rates, says an article in today's Financial Times.
US Fed needs to improve communication-Fed's Poole
The Federal Reserve needs to improve its communication skills so that financial markets can better understand what US central bankers are thinking, St Louis Fed President William Poole said on Thursday.
Ukraine c.bank sees hryvnia steady near-term
Ukraine's fragile hryvnia currency is likely to remain steady in the next two months, backed by stronger demand ahead of the year-end, Serhiy Yaremenko, the head of the central bank currency regulation department, said on Thursday.
ECB leaves all key interest rates unchanged
The European Central Bank kept all of its three key short-term interest rates unchanged Thursday.The decision was expected by the market, as past rate hikes - already six this year - have yet to feed through into the real economy, and the ECB will want…
Oil, minimum wage hike led to Brazilian rate hold
Despite a slowdown in inflation in recent months, concerns about the impact of a hike in the minimum salary and volatile oil prices led Brazil's central bank to keep its key interbank interest rate steady, according to minutes of last week's monetary…
Peru's central bank governor asked to stay on
Peru's new president Valetin Paniagua has said that the president of the Central Reserve Bank of Peru and the directors of the central bank, who had offered their resignations with the change in government, would stay in their posts.
Russia and Belarus move towards single currency
The Russian Federation government has approved the draft agreement between Russia and Belarus concerning the introduction of a single currency and the establishment of a single centre of issue of the Union State.
Taiwan central bank attacks HSBC over T$ forecast
Taiwan's central bank lashed out at Hong Kong and Shanghai Banking Corp (HSBC) on Thursday, saying it had consistently undervalued the local currency in its foreign exchange forecasts.
Turk c.bank decision sparks money market turmoil
Turkey's central bank on Thursday shut off the taps of the emergency funding it has carried out over the last six trading days to ease a liquidity crunch sparked by fears of a banking sector crisis.
HKMA to provide four-month issuance schedule
The Hong Kong Monetary Authority will provide a quarterly schedule of its issuance plans for Exchange Fund bills and notes, beginning with the December-to-March period, it said Thursday.
Comoros economy grew 1.1 % in 1999 -central bank
Economic growth in the Indian Ocean Comoro islands slowed to 1.1% in 1999 from 1.2% in 1998, the central bank said on Thursday.
Lithuanian central bank reprimands Vilniaus Bank
Lithuania's central bank said on Thursday it was reprimanding Vilniaus Bank for failing to meet its prudential requirement but was taking no punitive action because the country's largest financial institution had remedied the situation.
Moldova central bank cuts main interest rates
Moldova's central bank said on Thursday it had cut its main interest rate for short-term and medium-term credit to 27.5% from 28.5% with immediate effect.
Polish opp party wants cbank head with no politics
The Polish opposition party, Democratic Left Alliance, will ask the president to choose the central bank head from among three candidates - Dariusz Filar, Jerzy Stopyra and Andrzej Slawinski.
Indonesia pledges to restore confidence in cbank
The Indonesian government will hammer out a plan to restore public confidence to the country's central bank, Bank Indonesia, by making some improvements and reshuffle in the bank in a bid to boost the performance of the monetary institution, a senior…
Indonesia c.bank sees firmer rupiah early in 2001
Indonesia's central bank on Thursday said it was confident the rupiah would strengthen to 8,000-8,500 against the dollar by early next year, but added the bank would continue to prop up the currency if necessary.
Next Bank of Canada boss expected to be named soon
The next Bank of Canada boss is expected to be named soon to replace Gordon Thiessen. Senior deputy governor Malcolm Knight and deputy health minister David Dodge are seen vying for post.
BOJ decides to leave monetary policy unchanged
The Bank of Japan decided at a top policy-making meeting Thursday to leave its monetary policy unchanged until the next session slated for 15 December.