Central Banks
RBI to act on price stability says Mohan
The Reserve Bank of India will take all possible monetary measures to maintain price stability, deputy governor Rakesh Mohan said on Wednesday 14 March.
Brazil plans to attract China's foreign reserves
The Brazilian government plans to tell the Chinese authorities that it is interested in attracting a share of China's foreign reserves, Brazilian financial newspaper, Valor Economico reported Wednesday 14 March.
Every mistake imaginable
According to the article "Every mistake imaginable" published on Tuesday 13 March by Haaretz, critical mistakes at important times meant that the Bank of Israel's salary negotiations went on much longer than was necessary.
Bank of Japan, Financial System Report, March 2007
The Bank of Japan published its Financial System Report for March 2007 on 13 March. Japan's financial system as a whole has remained stable, the report said.
Narube on the newly designed Fiji banknotes
In the speech 'Unveiling the newly designed Fiji banknotes' given on 9 March Savenaca Narube of the Reserve Bank of Fiji said that the bank decided to stay with paper rather than change to polymer or plastic.
Don't blame China for volatility says PBOC's Zhou
People's Bank of China governor Zhou Xiaochuan dismissed on Monday 12 March the idea that the country's massive foreign currency reserves were the cause of recent market volatility.
Buba's Weber not saying ECB rates are appropriate
Bundesbank president Axel Weber said Tuesday 13 March he would not describe current euro zone interest rates as "appropriate".
OECD's Cotis says US recession unlikely
OECD chief economist Jean-Philippe Cotis said Tuesday 13 March he does not expect a recession in the US.
YV Reddy appointed chairman of the BIS in Asia
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 12 March Yaga V Reddy as Chairman of the BIS Asian Consultative Council (ACC).
China's giant new investment agency
According to this article from BusinessWeek Online, published Tuesday 13 March, China's soon-to-be state investment arm will be a major asset-management entity globally.
Fed's Kroszner on liquidity and monetary policy
In the speech 'Liquidity and monetary policy' given on 9 March Randall Kroszner of the Federal Reserve said deregulation and financial globalization have led to competition among currencies and kept long-term interest rates down.
ECB's Bini Smaghi says rates depend on growth data
Interest rates "must adjust" to combat inflation if economic growth continues, European Central Bank executive board member Lorenzo Bini Smaghi told Italian daily La Stampa in an interview published Sunday 11 March.
G10 bankers: Stock correction reminds of risk
G10 central bankers said Monday 12 March that the recent correction in stock markets was a useful reminder of the risks faced by investors, but it has not altered fundamental growth prospects.
Report says China to continue buying US Treasuries
China will continue to purchase US Treasuries after the new foreign exchange investment agency begins operations, The Standard reported Monday 12 March, citing central bank vice governor Wu Xiaoling.
Liebscher says ECB job not finished yet
European Central Bank council member Klaus Liebscher said in an interview published Monday 12 March the bank can't consider its job done after seven interest-rate increases because inflation remains a threat.
China vows more flexible yuan with trade surplus
In a possible attempt to address overseas pleas to address China's record trade surplus, central bank governor Zhou Xiaochuan said Monday 12 March that exchange rate policies could go some way toward tackling the problem.
Simor nominates deputy governor in Hungary
Newly installed National Bank of Hungary (MNB) governor, Andras Simor, proposed Ferenc Karvalits as the MNB's deputy governor and member of the Monetary Council on Thursday 8 March.
China announces reserve fund plan
China's finance minister announced Friday 9 March the country is creating an investment company to make more profitable use of its $1 trillion in foreign currency reserves.
ECB policy on 'accommodative side' says Weber
Bundesbank president Axel Weber said Friday 9 March the European Central Bank's monetary policy remains "on the accommodative side" even after Thursday's rate hike.
Mexico's Senate rejects central bank nominee
The Mexican Senate rejected President Felipe Calderon's nominee for deputy governor of the Bank of Mexico on Thursday 8 March.
Bank of France attacks ECB strategy
According to this article from The Daily Telegraph, published Friday 9 March, the ECB has received an unprecedented attack on the "reliability" of its strategy by the Bank of France and a barrage of attacks by French leaders.
How a free debt manager will free Indian cb
According to an article from The Economic Times, published Wednesday 7 March, once an independent DMO comes into existence in India, management of both internal and external debt is expected to move away from the central bank.
RBNZ Monetary Policy Statement, March 2007
The Reserve Bank of New Zealand published its March 2007 Monetary Policy Statement on 8 March. The report said recent indicators show clear evidence of a pick-up in economic activity in late 2006 and early 2007.
PBOC's Wu says room for reserve requirement hikes
China has more room to raise the level of reserves that commercial lenders are forced to store with the central bank, a senior People's Bank of China (PBOC) official said Thursday 8 March.