Central Banking
Duisenberg comments on Greek EMU entry
European Central Bank president Wim Duisenberg made the following comments at a news conference on Thursday concerning Greece's entry into the eurozone: "It is indeed an historic moment and a very satisfying and gratifying moment."
Uganda govt approves Mutebile as new bank governor
The Ugandan parliamentary committee on appointments yesterday approved the nomination of Mr. Emmanuel Tumusiime Mutebile as the new Bank of Uganda governor.
Banco do Brasil accumulates a profit of R$919.4m
Banco do Brasil, the Brazilian central bank, accumulated a net profit of R$59.8m in November, down from R$94.7m during the same month in 1999. However, accumulated profits for the first eleven months of 2000 stand at R$919.4m, up on the consolidated…
China intensifying supervision of foreign banks
People's Bank of China, China's central bank, is stepping up the regulation of foreign-invested banks management.
Trial nears for Indonesian central bank governor
The trial of Indonesia's central bank governor over a year-old banking scandal looked imminent after the government said on Wednesday it would hand over documents relating to the case to a court next week.
Hungary PM names new finance minister, c.bank head
Hungarian Premier Viktor Orban said on Wednesday he would appoint Mihaly Varga finance minister in place of Zsigmond Jarai, who would become central bank governor as of March 1.
Dutch ctrl bk sees 2001 CPI 4.2%, a 17-year high
Dutch consumer prices are set to grow 4.2% in 2001, the highest growth level since 1983, the Dutch Central Bank said Wednesday in its quarterly report.
Norges Bank leaves key lending rates unchanged
Norges Bank, the Norwegian central bank, left its key lending rates unchanged as expected at Wednesday's regular monetary policy meeting and maintained a neutral stance regarding future decisions.
BoT to ease regulations on e-money settlement
The Bank of Thailand said Wednesday it plans to ease restrictions on interbank electronic money transactions via its Bahtnet settlement system.
Poland upgrading banking laws to EU standards
The Polish government has approved amendments to laws on the banking system and the central bank to upgrade them to European Union standards, a finance ministry official said on Wednesday.
Bank of Sudan lowers reserves ratio
The governor of the Sudanese central bank, Mr Saber Mohammed Al-Mahdi, said that the Bank had decided to lower the cash reserves ratio in the local commercial banks from 15% to 10%.
IMF says zloty interventions OK to help reserves
The International Monetary Fund on Wednesday said Poland's central bank could consider foreign exchange intervention to maintain the ratio of foreign reserves to hard currency liabilities.
Mercosur sets macroeconomic convergence targets
The Southern Cone Common Market, or Mercosur, on Wednesday announced macroeconomic convergence targets, including fiscal and inflationary goals, top officials said.
Strong growth unlikely soon,despite signs-CNB Tuma
Czech National Bank governor Zdenek Tuma said Wednesday that although the economy has exhibited many positive signs in the past year, strong growth is unlikely in the near term.
Czech Vaclav Klaus and CNB Tuma fail to agree
Czech opposition Civic Democratic Party leader Vaclav Klaus and central bank governor Zdenek Tuma today failed to reach agreement on the method of CNB's communicating with other state bodies, Klaus told journalists after the meeting.
Hungary forint regime may change, says minister
Hungary's foreign exchange regime, built around a 4.5% wide flotation band and a crawling peg devaluation, may change next year, finance minister designate Mihaly Varga said on Wednesday.
IMF back in Croatia for stand-by talks, cbank says
An International Monetary Fund mission has returned to Croatia to resume talks over the next week on a stand-by arrangement, the central bank said in a statement on Wednesday.
Lebanon Salameh sees great potential in economy
Lebanon's central bank governor Riad Salameh says he believes that the economy could see healthy growth next year if the country does not suffer from increased regional instability.
IMF X-rays Romanian economy
Romania's progress in reaching stability and continuing reforms is important but insufficient compared with other countries in Central and Eastern Europe, a report of the International Monetary Fund about Romania's economic evolution over the last two…
China WTO to boost HK banks, GDP growth - HKMA
China's looming entry into the World Trade Organisation will boost financial services and raise Hong Kong gross domestic product growth by upto 1%, according to the Hong Kong Monetary Authority, the territory's de facto central bank.
IMF warns of deepening economic crisis in Zimbabwe
Zimbabwe faces a "deepening" economic crisis unless the government reverses its missteps of the past two years by cutting back on defense and public sector wages, the International Monetary Fund warned Wednesday.
International reserve level still strong, says BNM
Bank Negara Malaysia said its international reserves have declined by only RM1.8 billion since end-1999. From The Business Times (Malaysia)
SEC eyes tougher options rules
US securities regulators are close to proposing tougher new rules over the disclosure and approval of stock option plans by US companies. By John Labate in New York, The Financial Times.
Uganda president nominates new central bank chief
Uganda's President Yoweri Museveni has nominated Treasury Secretary Emmanuel Tumusiime-Mutebile to fill the vacant post of central bank governor, officials said on Tuesday.