News
Latvia calls for clarity on euro area entry date
The Latvian government wants to know for sure that the European Commission and the European Central Bank will permit the Baltic state to join the euro-area in 2008, provided that Latvia meets all Maastricht criteria, BNS reported.
Interview with Malaysia's Zeti on Islamic finance
In an interview published this week, Malaysian central bank governor Dr Zeti Akhtar Aziz said there is room for Islamic finance worldwide, as the ultimate goal of Islamic financial services is to enhance wealth creation, and promote sustainable and…
Rodrigo de Rato's condolences to UK
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), made a statement on Thursday 7 July in Gleneagles, Scotland following the bombings in London.
White House considering Kroszner for Fed job
The White House is considering former Bush administration official Randall Kroszner for a vacant seat on the Federal Reserve's Board, reports said this week.
New Zealand to block Zimbabwe visit
New Zealand will refuse entry visas to Gideon Gono, governor of Zimbabwe's central bank, and members of his staff, who were reportedly planning to visit the country, Prime Minister Helen Clark said this week.
Oxford honour for former RBI chief
Four decades after he left Oxford University with a Doctorate in Economics, Indian Prime Minister, and former governor of the Reserve Bank of India, Manmohan Singh was due to receive an honorary doctorate on Friday 8 July.
US's Snow spoke to Greenspan following bomb blasts
U.S. Treasury Secretary John Snow spoke with Federal Reserve chief Alan Greenspan and other top U.S. officials about how global and U.S. financial markets were reacting to Thursday's bomb blasts in London, a spokesman said according to Reuters.
ECB's Weber says inflation risks increased
European Central Bank council member Axel Weber said inflation risks have increased since the ECB's June 2 meeting after oil prices rose to a record and the euro fell.
Bank of England not planning emergency meeting
The Bank of England said it is not considering an emergency meeting of its rate-setting committee in the wake of Thursday's bomb blasts in London.
BOJ's Muto says business more confident
Businesses based in the Osaka region, Japan's second largest industrial hub, are more confident of a sustainable economic recovery now than they were three months ago, a Bank of Japan senior official said.
Central banks of Kosovo and Albania sign MoU
The Banking and Payments Authority of Kosovo (BPK) and the Central Bank of Albania (BKSH), on Wednesday signed a Memorandum of Understanding on the bank supervision field.
Bank of England maintains interest rates at 4.75%
The Bank of England's Monetary Policy Committee voted to maintain the Bank's repo rate at 4.75% on Thursday 7 July.
Trichet's deep sympathy at London bomb blasts
European Central Bank president Jean-Claude Trichet said on Thursday 7 July that he does not expect the multiple bomb blasts in London to have any significant impact on the euro zone or UK economies.
Bank of England meeting held despite attacks
The Bank of England's Monetary Policy Committee would announce its interest rate decision at midday as usual despite multiple blasts on London's transport network, a spokesman for the central bank said on Thursday morning, 7 July.
G7 monitoring reaction to London blasts - Eichel
Finance Ministers and central bank governors from the Group of Seven (G7) nations are monitoring the reaction of financial markets to the blasts in London, German Finance Minister Hans Eichel said on Thursday 7 July.
Malaysia denies working with China on currency
Malaysia's prime minister on Thursday 7 July denied speculation that his country and China are working together on changes to their currency exchange rates.
BIS anniversary exhibition attracts many visitors
The Bank for International Settlements (BIS) has said it is delighted at the public's response to its 75th anniversary exhibition, 'this is the biz'.
Bank of Spain chief rejects ECB rate criticism
Bank of Spain governor and ECB board member Jaime Caruana denied criticism that current interest rates in Europe represent an obstacle for economic growth, Expansion reported, citing an interview with Caruana.
Fukui: Japan's monetary easing policy to remain
Bank of Japan governor Toshihiko Fukui said on Wednesday 6 July that the central bank will maintain its quantitative monetary easing policy to support the Japanese economy until deflation risks retract.
EU Parliament rejects ECB report over rate stance
MEPs rejected a report praising the European Central Bank's interest rate policy on Tuesday, saying the ECB was focusing too narrowly on stability and ignoring the need for growth.
Bank Indonesia to boost rupiah
Bank Indonesia governor Burhanuddin Abdullah said on Tuesday 5 July that the central bank will lend state-owned oil company Pertamina money to fund oil imports as part of efforts to support the rupiah exchange rate.
ECB's Noyer says euro departure possible
European Central Bank (ECB) governing council member Christian Noyer said in a closed appearance in the French National Assembly last week that it would be possible, but highly risky, for member states to leave the eurozone.
PBOC adviser backs yuan rate policy
A Chinese central bank adviser has said that monetary policy should stay stable in the near future and that China's economic growth and inflation were optimally matched, the Financial News said on Tuesday 5 July .
Romania's Isarescu says inflation to reach 7.5%
The governor of Romania's central bank Mugur Isarescu said on TV that inflation might reach 7.5 per cent this year, instead of the 6per cent that was expected initially, but he assured his audience that inflation will continue to fall.