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Nepal plans new banking law
Nepal Rastra Bank (NRB) is set to introduce the Bank and Financial Institution Act to allow mergers and acquisitions amongst financial institutions, an NRB official told reporters Friday 27 April.
Fukui says rates must adjust if necessary
Bank of Japan governor Toshihiko Fukui said Friday 27 April after the policy board left rates unchanged, that the BOJ must raise interest rates once prices are clearly rising and secure growth is seem.
Fed's Fisher sees reduction in inflation trends
President of the Dallas Federal Reserve Bank, Richard Fisher, said on Thursday 26 April that the US seems to be reducing inflationary fears but the proof is not there yet.
Hedge funds pose financial stability risks - Noyer
Bank of France governor Christian Noyer said in a speech at a Bundesbank conference Friday 27 April financial innovation is partly to blame for the unstable growth in eurozone M3 money supply.
SNB's Roth sees risk from low inflation
Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.
Mauritius moves monetary policy into modern era
According to this article from the Mauritius Times, published Friday 27 April, the decision by the Bank of Mauritius to set up a Monetary Policy Committee should be welcomed as a move away from the Middle Ages of central banking.
Regulators must be watched on bank bids
According to this article published by the Financial Times on Friday 27 April, the powers of financial supervisors should be checked on bank bids or they are likely to impose obstacles to such deals.
Hong Kong Monetary Authority - Annual Report 2006
According to the Hong Kong Monetary Authority's Annual Report 2006, the exchange and money markets continued to be stable throughout the year despite record fund flows related to initial public offerings and speculation about the effect on the Hong Kong…
Bank of Canada Monetary Policy Report, Apr 2007
The Bank of Canada released its April 2007 Monetary Policy Report on 26 April. The latest report says growth of the Canadian economy has been essentially in line with the Bank's expectations.
Central Bank of Iceland, Financial Stability 07
The Central Bank of Iceland published its Financial Stability Report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity…
SF Fed's Yellen on the US economy
In the speech 'The U.S. economy: Prospects and a puzzle revisited' given on 26 April Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed should neither hit the brakes nor the accelerator because the road ahead is uncertain.
Fed's Mishkin: Globalization & fin. development
In the speech 'Globalization and financial development' given on 26 April Frederic Mishkin of the Federal Reserve said developing countries need to develop their financial infrastructure to get wealthier and the answer is globalisation.
ECB launches consultation on TARGET2
Following its announcement on 8 March, the Governing Council of the European Central Bank decided on Thursday 26 April to launch a public consultation on the general principles and the set of high-level proposals defining the nature and scope of TARGET2…
Alice in Wonderland riddles not for Dodge
As David Dodge says he will not seek a second term as governor of the Bank of Canada (see our other item on this today), this article from Reuters, published Thursday 26 April, says he was a central banker of refreshing clarity and gained the markets'…
Slovak PM visits ECB
The Prime Minister of the Slovak Republic, Robert Fico, visited the European Central Bank (ECB) Thursday 26 April.
Greenspan paper: home equity loans raise spending
According to a paper co-authored by former Federal Reserve chairman Alan Greenspan, US spending could have been raised by about 3 percent a year in recent years with home owners using equity from their properties.
ECB's Mersch says rates in tightening phase
European Central Bank Governing Council member Yves Mersch said in an interview with Boersen-Zeitung newspaper published Thursday 26 April that the ECB's phase of interest rate increases isn't over yet.
RBNZ raises OCR to 7.75 percent
The Reserve Bank of New Zealand said Thursday 26 April its Official Cash Rate (OCR) will increase by 25 basis points to 7.75 percent.
Dodge will not seek second term
Bank of Canada governor David Dodge has informed the Board of Directors and the Minister of Finance that he will not seek a second term as governor, the bank said Thursday 25 April. See our other item on this today: 'Alice in Wonderland riddles not for…
BoE's Tucker on financial system developments
In the speech 'A perspective on recent monetary and financial system developments' given on 26 April Paul Tucker of the Bank of England suggested that UK interest rates are nearing levels at which they will really cut into economic activity.
Federal Reserve Board - Beige Book, April 2007
The Federal Reserve published its April 2007 Beige Book survey on Wednesday 25 April. The report said there were few signs of a pickup in the U.S. economy in the early days of the second quarter.
Bank of England Financial Stability Report, Apr 07
The Bank of England published its latest Financial Stability Report for April 2007 on Thursday 26 April. The report said the U.K.'s financial stability is facing a greater threat than it did in July from low corporate lending rates and growth in markets…
Fed's Kohn on industrial loan companies
In testimony 'Industrial loan companies' given on 25 April Donald Kohn of the Federal Reserve said called on Congress to close a loophole that encourages the rapid growth in U.S. specialty banks owned by financial companies and retailers.
Kiang on the property sector in Singapore
In the speech 'Review of the property sector in Singapore and Asia' given on 23 April Lim Hng Kiang of the Monetary Authority of Singapore said general positive sentiments suggest that 2007 and the years ahead will be exciting for Asia and its property…