News
BoE's Gieve: Oil prices should not impact on rates
John Gieve, the new deputy governor of the Bank of England, on Thursday 26 January rejected suggestions that UK interest rates should rise simply because of very high energy costs.
Cheney praises Fed's 'superb' performance
US Vice President Dick Cheney said the White House has no argument with the way the Federal Reserve conducts monetary policy, but said Alan Greenspan advised him along time ago not to comment on Fed policy.
RBNZ holds OCR unchanged at 7.25 per cent
The Reserve Bank of New Zealand announced on Thursday 26 January that the Official Cash Rate (OCR) will remain unchanged at 7.25 per cent.
IMF's Rato names Director of External Relations
Rodrigo de Rato, Managing Director of the IMF, on Wednesday 25 January informed the 24-member Executive Board of his intention to name Mr. Masood Ahmed as Director of the IMF's External Relations Department.
Russia's Tulin set to leave central bank
Dmitry Tulin, a deputy chairman at the Central Bank of Russia, will leave his post on 1 February and join auditing company Deloitte and Touche.
Iran clarifies rumours on reserves shift, gold
Mohammad-Jaafar Mojarrad, Iran's central bank vice-governor, told the Financial Times on Tuesday that Tehran had withdrawn foreign reserves from Italian banks but not from other parts of Europe.
Bank of England voted 8-1 to hold rates
Minutes of the Bank of England's last Monetary Policy Committee meeting, released Wednesday 25 January, showed that only dovish Stephen Nickell wanted to lower UK interest rates a quarter-point.
BOJ minutes show reluctance for price target
According to minutes from the Bank of Japan board's December meeting released on Wednesday 25 January, some members of the BOJ's policy board felt it would be hard to set a desirable rate of inflation.
Z$50 000 bank note coming to Zimbabwe
Zimbabwe's inflation ravaged citizens will soon have a new Z$50 000 bank note to make shopping easier, central bank governor Gideon Gono announced on Tuesday 24 January.
Bini Smaghi calls for excess liquidity halt
Central banks must act in a timely way to halt excess liquidity, a senior European Central Bank official said in the advance release of a newspaper interview Wednesday 25 January.
Merrill Lynch hires former NY Fed chief
William McDonough, former president of the Federal Reserve Bank of New York, has joined Wall Street investment bank Merrill Lynch & Co. as vice chairman and special adviser to the chairman on business development, the company said Monday 23 January.
PBOC will make better use of yuan band
China intends to use of the yuan's six-month old trading band in a better way, rather than doing another one-off revaluation, a senior Chinese central banker said on Wednesday 25 Janaury.
Portugal's Constancio agrees new five year term
Bank of Portugal governor Vitor Constancio has agreed to stay on at the central bank for a second five-year term at the invitation of the government, Finance Minister Fernando Teixeira dos Santos said.
Netherlands' Zalm warns on ECB rate comments
Dutch finance minister Gerrit Zalm has warned euro group finance ministers not to make public comments on the European Central Bank's monetary policy.
Bank of England demands costs for legal case
The Bank of England is making a demand for costs of up to £80 million for legal costs incurred defending the failed £850 million lawsuit by accountancy giant Deloitte, liquidator of the scandal hit Bank of Credit & Commerce International.
Gambia plans central bank reform
Famara Jatta, Governor of the Central Bank of The Gambia, has said that the bank has started work on reforms within the framework of a restructuring exercise for the enhancement of national economic statistics preparation and processing.
Stark the 'only candidate' for ECB post
Germany's Juergen Stark is the "only candidate" for the European Central Bank's executive board, according to the head of the eurozone group of finance ministers.
Bank of Canada raises interest rates 0.25%
The Bank of Canada announced on Tuesday 24 January that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/2 per cent. In a statement the bank said the move was necessary to keep inflation on target over the…
Former Bank of Lebanon governor dies
Edmond Naim, who as governor of the Central Bank of Lebanon from 1985-1991, kept the country's finances functioning during the last five years of the civil war, has died at the age of 88.
Philipp Hildebrand to chair the Deputies of G10
Following a proposal by Giulio Tremonti, Italy's Finance Minister and current Chairman of the Group of Ten, Philipp Hildebrand, a member of the Swiss National Bank's Governing Board, was appointed Chairman of the Deputies of the Group of Ten on Monday 23…
Latvia sees problems meeting euro criteria by 2008
Latvia's central bank governor has said the Baltic state is unlikely to meet all the EU's economic convergence criteria for adopting the euro in 2008.
Fed says foreign central banks boost debt holdings
Federal Reserve data released on Thursday 19 January showed foreign central banks were net buyers of US debt in the latest week, with purchases of agency securities slightly exceeding a decline in Treasury holdings.
Thailand to host ACD forum in April
The Asian Co-operation Dialogue (ACD) forum will take place in Bangkok from 30 April-1 May.
G30 calls for more regulation of reinsurers
Coordinated international regulation of the reinsurance industry is needed despite the fact that the industry poses few risks to the financial system. This was the message of a report by the Group of 30 (G30) launched on Monday 23 January at the Bank of…