News
Serbian central bank deputy fired
The National Bank of Serbia on Monday 16 January dismissed a deputy governor who was arrested last week for allegedly taking a bribe.
Fed's Guynn sees less clear policy outlook
Atlanta Fed President Jack Guynn on Monday 16 January said the US central bank's interest rate policy outlook is becoming less clear and more tied to the economy.
Draghi: Bank of Italy will affirm its authority
The Bank of Italy's new governor, Mario Draghi, said Tuesday 17 January that the central bank retains its authority and will help shape Europe's monetary policy.
RBI plans RTGS cover for 5000 branches
The Reserve Bank of India said it plans to bring another 5,000 bank branches under the Real Time Gross Settlement (RTGS) system mechanism by June 2006.
Serbian governor denies responsibility for deputy
The head of the National Bank of Serbia said on Friday 13 January that he did not feel responsible for the actions of his deputy, who was arrested for allegedly taking bribes.
Mexican reserves will protect in election campaign
Mexico's large currency reserves offer protection against the risk that the peso could be destabilised during the country's presidential campaign, a regional Fed president said Friday.
US's Snow says some dollar reserves shift normal
U.S. Treasury Secretary John Snow said on Friday 13 January some countries' movement of reserves out of dollar-denominated assets would have only a small impact on U.S. markets.
Greenspan set for book deal, after dinner speeches
Soon to retire Fed chairman Alan Greenspan is keen to start work on a book, and will also become a highly sought-after speaker when he leaves the US central bank, reports said on Monday 16 January.
Draghi begins tenure at Bank of Italy
The new governor of the Italian central bank, Mario Draghi, formally took over his new job Monday 16 January, the Bank of Italy said.
China's forex reserves rise to $819 bn
China's foreign exchange reserves grew nearly $50 billion in the last quarter of 2005 to reach $819 billion, making it likely China will exceed Japan's reserves by the end of the year.
Eurosystem central bank staff cuts gather pace
The number of central bankers in the eurosystem stands at 49,559, a fall of 5.3% or 7,237 staff since one year ago, and 11.9% lower than when the euro was launched in 1999, reveals the 2006 edition of Central Banking Publications' Central Bank Directory.
Dallas Fed launches new publication
The Federal Reserve Bank of Dallas has launched 'Economic Letter,' a monthly publication, that will provide commentary on important trends and policy issues shaping the increasingly global economy.
China: No plan to sell dollar assets, buy oil
China has no plan to sell off its US dollar assets, the head of the People's Bank of China, Zhou Xiaochuan, was quoted as saying in the official Shanghai Securities News.
NY Fed to hold credit derivatives meeting
The Federal Reserve Bank of New York has scheduled a meeting on 16 February, to follow up on issues and major developments in the credit derivatives markets since its 15 September 2005, meeting.
BOK vows intervention to stabilise won
The government and the Bank of Korea will make significant efforts to stabilise the Korean economy, according to Korea's top economic official.
Rato suggests greater autonomy for Brazil cb
Even after Brazil paid off its debt with the International Monetary Fund, their partnership will remain, according to IMF Managing Director, Rodrigo de Rato.
Ferguson's banking expertise may aid Bernanke
Although Ben Bernanke will take the reins of the U.S. economy when he takes over as chairman of the Federal Reserve next month; Roger Ferguson may be the one holding the reins of the Fed itself, this article published on Wednesday 10 January suggests.
Trichet says ECB's message well understood
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 January that market expectations for further interest rate hikes show that the ECB's position has been well understood.
Venezuela sees reserves up by 25 percent
Venezuela closed the 2005 fiscal year with foreign reserves above US$ 30.3 billion, the third highest in Latin America, according to a report authored by Aristimuo Herrera & Asociados.
Japan economy minister says leave BOJ alone
Japan's economic and financial services minister, in an interview with the FT, called on senior government officials to stop hassling the Bank of Japan over its monetary policy.
Unipol considers appeal
The European Commission said it has not yet received a reply from the Italian authorities regarding its legal action against Italy over the involvement of its central bank in the takeover battle for Banca Antonveneta SpA. And Unipol was reported to be…
Serbia's National Bank vice-governor arrested
Serbian police have arrested the vice-governor of Serbia's National Bank, Dejan Simic, on suspicion of taking bribes, Mina news agency reported.
Who is Ben Bernanke?
Of all the things investors can worry about in the new year, the Greenspan void has to be on the list, according to this article published on Monday 9 January. Bernanke faces not only the risk of unsettling the Greenspan bon ami in global markets, it…
IMF's Rato welcomes Brazil's economic progress
Rodrigo de Rato, Managing Director of the International Monetary Fund said on Tuesday 10 January that since his last visit in September 2004, the Brazilian economy has continued to make remarkable progress.