News
ECB asks government for information on Fazio
The European Central Bank's governing council has asked Italy's government to provide additional information on Bank of Italy governor Antonio Fazio, Boersen-Zeitung said, citing sources close to the Italian government.
Fukuma sees risk from maintaining reserve target
Katsutoshi Fukuma, a member of the Bank of Japan's policy board, said in a speech he now sees rising risks in maintaining the bank's present 30-35 trln yen liquidity reserve target range, and he reiterated his call for a reduction.
Bank of Italy valued at 1bln euro
The total value of the Bank of Italy's shares is about 1 bln euro, said economy undersecretary Maria Teresa Armosino, but she said the shares are not "marketable".
S. Korea fin min says cb can support recovery
South Korea's Minister of Finance and Economy Han Duck-Soo said Tuesday 13 September that the Bank of Korea should use its monetary policy to support economic growth as inflationary pressure is benign.
Survey shows Chinese less keen on holding dollars
A survey published on Tuesday 13 September has shown that Chinese households have become more reluctant to hold dollar deposits since the yuan was revalued.
G10 central bankers warn on inflation
Following the meeting of G10 central bankers in Basel, ECB president and spokesman for the G10 said world economic activity would be decreased "without any doubt" by oil prices and spark inflation risks.
Russia won't increase euro reserves
The Central Bank of Russia is not planning to increase the euro share in the country's gold and currency reserves and bi-currency basket, the first deputy bank chairman said Tuesday 13 September.
Malta holds foreign reserve management workshop
The Central Bank of Malta has hosted a two-day workshop in conjunction with the European Central Bank on the implications of euro area membership for foreign reserve management by national central banks.
Financial Stability Forum holds its 14th meeting
The Financial Stability Forum (FSF), chaired by Roger W. Ferguson, met on 8-9 September in London. Members discussed risks and vulnerabilities in the international financial system.
IMF postpones Zimbabwe expulsion
The Executive Board of the International Monetary Fund reviewed Zimbabwe's overdue financial obligations to the IMF on 9 September and further considered the Managing Director's complaint regarding Zimbabwe's compulsory withdrawal from the IMF.
BOJ's Fukui: stable prices, low interest rates
Expectations for stable prices are behind the recent global phenomenon of low long-term interest rates, Bank of Japan Governor Toshihiko Fukui said in a speech published on Monday 12 September.
Bahrain to host 39th GCC meeting
Bahrain will host the 39th meeting of the governors of central banks and monetary agencies of the six-state Gulf Cooperation Council scheduled for 14-15 September.
PBOC to avoid triggering forex volatility
People's Bank of China chief Zhou Xiaochuan has vowed that the bank will not begin any changes in the management of its foreign exchange reserves that could introduce market volatility.
Weber says ECB to weigh Katrina impact
The European Central Bank is watching the economic impact from Hurricane Katrina closely but it is too early to say how it might affect interest rate policy, ECB Governing Council member Axel Weber said in a speech.
King's cricket connection
Mervyn King spent Thursday 8 September watching England play Australia at the Oval in the last Ashes cricket Test. But the Bank of England governor doesn't just watch the game, he is also involved in a campaign to bring more cricket to state schools in…
Interview with IMF's Rodrigo de Rato
In an interview published this week IMF managing director Rodrigo de Rato warns that high oil prices could halt Korea's economic recovery. He also says sluggish export growth could put a brake on the recovery.
OECD needs reform says Japan's candidate
Japan's candidate to become the next secretary-general of the OECD says the group needs to be more responsive to developing countries to avoid losing its importance as an international organization, the Financial Times reports in its international…
Caruana's potential replacements named
According to a report by Expansion this week, there are four names in the hat to replace Jaime Caruana as governor of the Bank of Spain when he steps down in Summer 2006.
Dookeran may lead Trinidad party
The former governor of the Central Bank of Trinidad and Tobago, Winston Dookeran, may become leader of the main opposition party in Trinidad after the incumbent announced he would not be running for the post again.
Kyrgyzstan's central bank chief under house arrest
The governor of the National Bank of the Kyrgyz Republic, Ulan Sarbanov, has been placed under house arrest, accused of abuse of power during the rule of deposed president Askar Akayev.
SNB's Hildebrand says rate hikes may be needed
Swiss National Bank board member Philipp Hildebrand said it may be necessary to increase interest rates further if it becomes clear that a 'sustainable improvement of economic prospects' is occurring.
Central banker says China won't revalue yuan again
People's Bank of China deputy governor Ma Delun said the country won't revalue the yuan again after scrapping its peg to the dollar and will buy and sell currencies to prevent "excessive" movements in the exchange rate.
ECB's Trichet sees need for Asian FX rise
European Central Bank President Jean Claude Trichet said on Friday 9 September that in order for the global economy to work better a further appreciation of Asian currencies is needed.
ADB predicts higher GDP growth for China, India
The Asian Development Bank published a report Thursday 8 September forecasting higher GDP growth for China and India, but expressing concerns for Asian countries of higher oil prices.