Central Banks
China to move on yuan rate at 'appropriate' time
Senior Chinese economists believe China's current exchange rate needs to be adjusted "at an appropriate time and in an appropriate way," the Shanghai Securities News has reported, according to State news agency Xinhua.
No plan to diversify Korea reserves 'for now'
South Korea has no intention of diversifying its rising foreign reserves, as such a move could further strengthen the Korean currency against the US dollar, the Bank of Korea's chief was quoted as saying on Sunday.
Asian central bankers to meet in May
Central bank governors of South Korea, Japan and China plan to discuss their currencies and foreign exchange reserves next month in Seoul, Park Seung said Sunday.
Ex-Fed chairman Volcker to get honorary degree
Paul Volcker, who headed the Federal Reserve from 1979 to 1987, will receive an honorary degree at Rensselaer Polytechnic Institute's commencement on Saturday 21 May.
China SAFE's Ma Delun appointed to PBOC
China's State Administration of Foreign Exchange (SAFE) deputy director Ma Delun has been appointed as an Assistant Governor at the People's Bank of China.
Committee to assess Sweden's inflation targeting
Comment from the Sveriges Riksbank with regard to the Riksdag Committee on Finance's planned evaluation of monetary policy, 7 April.
Spain's Caruana at the IIF Spring Meeting
In a speech given on 1 April Jaime Caruana of the Bank of Spain defended the European Commission's efforts to remove internal barriers to consolidation in the continent's financial sector.
St Louis Fed's Poole on current account balances
In the speech 'A perspective on the graying population and current account balances' given on 8 March William Poole of the Federal Reserve Bank of St. Louis said aging populations and shrinking workforces in Japan and Europe may help reduce the U.S…
Philadelphia's Santomero on making monetary policy
In the speech 'Making monetary policy: What do we know and when do we know it?' given on 7 April Anthony Santomero of the Philadelphia Fed said economic data tend to be imprecise and therefore it makes sense for the Federal Reserve to act cautiously.
RBA's Stevens on statistical need of central banks
In the speech 'The changing statistical needs of central banks' given on 8 April Glenn Stevens of the Reserve Bank of Australia said central banks have long been intense users of statistics. However, the statistical needs and interests of central banks…
Bank Negara reports fall in reserves
Bank Negara Malaysia's international reserves fell to RM275.17 billion (US$72.41 billion) at the end of March, the first decline in many months.
BoJ's new board member urges gradual policy shift
Kiyohiko Nishimura, who joined the Bank of Japan's nine-member policy board on Friday, told a press conference that the central bank needs to move slowly in altering its current super-loose credit policy.
Argentina's Redrado calls for fiscal prudence
Argentina's central bank president Martin Redrado called for fiscal prudence in the coming quarter to ensure inflation does not exceed 8 percent this year.
IMF warns of 'permanent oil shock'
The world faces "a permanent oil shock" and will have to adjust to sustained high prices in the next two decades, the International Monetary Fund said Thursday in its April 2005 World Economic Outlook.
US proposes law on China currency peg
A proposed law in the US would mean currency manipulation would be labelled an unfair trade practise allowing manufacturers to challenge China's fixed yuan peg.
Interview with Central Bank of Malta's Bonello
In a recent interview the governor of the Central Bank of Malta, Michael Bonello, said Malta is well suited to participate in the euro area. Delaying euro adoption would not only postpone the benefits of the single currency but could also place Malta…
Interview with International Monetary Fund's Rato
In an interview published on Monday 4 April Rodrigo Rato, managing director of the International Monetary Fund, said we are not advising any type of revaluation in China, but are instead advising flexibility. And we believe that it is in the interests of…
Interview with RBA's Broadbent
Following the Reserve Bank of Australia's meeting this week RBA board member Jillian Broadbent said in an interview on Wednesday 6 April that the central bank remains confident it can achieve its inflation target and maintain sustainable economic growth.
Paraguay appoints interim central bank president
Economist Benicio Sanchez has been chosen as interim president of the Paraguayan central bank by fellow directors following the resignation of Gabriel Gonzalez, local press reported.