News

SARB maintains monetary stance

South African Reserve Bank Governor Tito Mboweni Thursday said the central bank's current monetary policy stance would be maintained. This in line with most economists' expectations that interest rates would remain unchanged at the bank's six-weekly…

Pakistan might adopt Islamic banking gradually

Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…

ECB to publish its economic forecasts

The European Central Bank has decided to publish its internal economic forecasts for the euro-zone to improve the markets's understanding of its monetary policy and dispel criticism of excessive secrecy.

Central Bank of Cuba is 50 years old

Today was the final day of celebrations of the 50th anniversary of the Central Bank of Cuba. The ceremony was held in the centrally located Melia Cohiba Hotel and was attended by 160 officials from 122 central banks and financial organisations from 70…

Women in central banking

In continuation of Centralbanknet's survey of prominent female central bankers, we would like to thank all of those who sent this week's names to us. Are central banks better places for women to develop their careers than in the private sector? Any views…

Easing of Yugoslav sanctions by BOE

The Bank of England has eased financial sanctions against the Federal Republic of Yugoslavia and Serbia following the publication of an EC regulation.

Managing foreign debt and liquidity risks

A small group of senior central bankers from the emerging markets met at the BIS for two days in December 1999 to discuss the management of foreign debt and liquidity. A book containing the papers discussed at the seminar has now been released on the BIS…

Removal of Hugary cenbank head now official

The head of the National Bank of Hungary (MNB) will leave his office on March 1 next year, and changes to the Central Bank Act will be worked out in cooperation with the new governor, Prime Minister Viktor Orban said in an interview with the public…

BOT takes new swipe at baht speculators

The Bank of Thailand (BOT) has introduced another measure to discourage baht speculation that will limit how much Thai currency may be bought without underlying transactions, and it says it plans to monitor non-resident baht accounts more closely.

Balcerowicz best for top central bank post

Poland's liberal former finance minister Leszek Balcerowicz would be the best candidate to replace Hanna Gronkiewicz-Waltz, the outgoing central bank governor, Poland's deputy premier told the best-selling Gazeta Wyborcza daily on Thursday.

Gronkiewicz-Waltz at the EBRD

In an interview with a Polish business journal, the Governor of the National Bank of Poland talks about her decision to leave the central bank and what her future duties at the EBRD will be.

Algerian bank chief sees 3.8% 2000 growth

Algeria's oil-dominated economy is expected to achieve 3.8% growth this year, up from 3.2% in 1999, central bank governor Abdelwahab Keramane told parliament last week. FX reserves have also been boosted.

Tosovsky at the Financial Stability Institute

Josef Tosovsky, Governor of the Czech National Bank, has announced that he is leaving the central bank to head the Financial Stability Institute at the Bank for International Setlements.

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