Central Banking
Changes to Bank Indonesia law planned
The chairman of the Indonesian government commission, which is looking at the performance of the central bank, has proposed amendments to last year's law which granted the central bank independence. There are concerns that this will mean a serious step…
Increased support for Balcerowicz as NBP president
Former Polish foreign minister Bronislaw Geremek of the Freedom Union [former ruling coalition junior partner with Solidarity Electoral Action] on Sunday announced he would call on all the parliamentary caucuses to support the candidature of Leszek…
Macedonia, Bosnia want share of FRY gold reserves
Today, on his return from Sarajevo, where a meeting had taken place of the heads of the national banks of the countries that emerged after the Socialist Federal Republic of Yugoslavia broke up, Ljube Trpeski, governor of the Bank of Macedonia, stated…
Bank of Japan - Annual Report 2000
ANNUAL REPORT - The Bank of Japan has published its Annual Report for the year ended 2000.
Armenian Development Bank celebrates 10 years
The Armenian Development Bank organised an official reception yesterday to mark the 10th anniversary of its establishment. It was attended by the founders of the bank, including Tigran Sarkisyan, head of the Armenian central bank.
Wahid proposes Nasution as new BI governor
There were rumours that President Wahid of Indonesia has proposed the acting governor of the troubled central bank, Bank Indonesia, Anwar Nasution, to take the job on a permanent basis.
Bank Indonesia's Nasution speaks out on integrity
Professor Anwar Nasution, Bank Indonesia's senior deputy governor, said today that the central bank's daily operations would go on as usual. He told the public not to worry since the bank's governing board will remain on the job until their replacements…
Speech by Antonio Fazio, Governor, Bank of Italy
SPEECH - Speech by Antonio Fazio, Governor of the Bank of Italy at the World Gold Council International Conference "The Euro, the Dollar and Gold" held in Rome on 17 November 2000. The relationship between currencies and gold.
Dlr top world currency but euro gaining-Duisenberg
European Central Bank President Wim Duisenberg said on Friday that the dollar played a leading role among world currencies but the euro was gaining ground, despite initial disappointments.
Balcerowicz might be seeking Polish cenbank post
Leszek Balcerowicz, the author of Poland's free market reforms in the early 1990s, said on Friday he would quit his political leadership role, amid expectations he will seek the presidency of the National Bank of Poland.
Sri Lanka working towards 10 pct capital adequacy
Sri Lanka's central bank governor said on Friday he would work towards raising tier two capital adequacy ratios for commercial banks to 10 percent next year from eight percent now.
Thai cenbank's supervision to focus on risk mgmt
Bank of Thailand's supervision department will shift its focus to supervising the risk management of financial institutions early next year, said an official Friday.
Kenya cenbank says economic growth has slowed
Kenya's economic growth is estimated to have declined to 0.4% in the 12 months to August, from 1.4% in the previous year, the Central Bank of Kenya said.
Noyer - too early to judge success of intervention
European Central Bank Vice President Christian Noyer said in a lecture titled "How to Enhance the Credibility of the ECB and the Euro" that it was too early to judge the success of the ECB's intervention.
Five senior Bank Indonesia officials resign
Bank Indonesia issued a press release on Friday saying that acting governor, Anwar Nasution, and some deputy governors would resign because of an ongoing erosion of public confidence in the institution.
Mersch-M3 scrutiny still key in ECB rate decisions
Luxembourg central bank chief Yves Mersch, a member of the European Central Bank council, on Friday said that scrutiny of money supply retained a key role in the setting of monetary policy.
Japan needs easy monetary stance, says IMF
Japan's economy still has a problem with deflation, and the central bank should keep its easy monetary policy for a while longer, a senior official at the International Monetary Fund (IMF) said on Friday.
Interview with Romanian central bank vice governor
"Given Romania's objectives of adherence to the European Union over this decade, I think we need to improve the image of the euro currency," vice governor of Romania's central bank, Cristian Popa, told the Cronica romana daily.
Wahid wants new Bank Indonesia board of governors
Indonesia's president Abdurrahman Wahid said Friday he has asked parliament to appoint a new board of governors for Bank Indonesia before the government injects fresh capital to the nation's central bank.
Central bank governors of FRY meet in Slovenia
Governor of the Bank of Slovenia France Arhar will participate in a meeting of central bank governors of the former Yugoslav republics in Sarajevo on Friday, the Bank of Slovenia announced.
Estonian bank sector Oct capital adequacy 13.7 pct
The Estonian central bank said on Friday the average capital adequacy ratio in the banking sector at the end of October stood at 13.7 percent, down from 14.1 percent at the end of August.
Riksbank's Heikensten sees inflation pressure
Swedish central bank first deputy governor Lars Heikensten said inflationary pressure in the country is growing and the central bank may have to raise interest rates as a result.
Venezuela reserves at highest for almost 3 years
During the last week, Venezuela's international reserves rose by 59m dollars to reach 17.34bn dollars, the central bank announced.
Svein Gjedrem: Norwegian monetary policy
At a conference held in Copenhagen on 17 November 2000, Mr Svein Gjedrem, governor of the Norges Bank, gives a speech on Norwegian monetary policy. Mr Svein Gjedrem discusses the relationship between the special structure of the Norwegian economy and…