News
Danmarks Nationalbank appoints new governor
Nils Bernstein, a senior government official, was named the new governor of Denmark's central bank on Wednesday 22 June.
IMF's Dawson announces plans to leave Fund
Thomas Dawson, the director of the International Monetary Fund's External Relations Department, told a press briefing on Thursday 23 June that he intends to leave the Fund in the next six or eight months.
RBI's Reddy says trade gap manageable
Reserve Bank of India governor YV Reddy said on Thursday 23 June that the widening trade deficit is sustainable because it is underpinned by buoyant export of services and remittances from overseas migrant workers.
Import prices no longer falling says BoE's Lambert
Bank of England MPC member Richard Lambert said on Thursday 23 June that there are signs that import prices, which have helped to keep inflation down, are falling.
ECB member says central banks won't sway ECB
ECB Executive Board member Jose Manuel Gonzalez-Paramo said late on Thursday 23 June that although rate cuts are back on the agenda at major central banks, it would not influence the European Central Bank's monetary policy.
ECB policy not enough to spur growth says Garganas
Bank of Greece governor Nicholas Garganas said on Friday 24 June that European Central Bank monetary policy has performed well but is not enough to spark growth.
Muto says BOJ will maintain target range
Bank of Japan deputy governor Toshiro Muto said Thursday 23 June the central bank will maintain the current account balance target in a range of 30 trillion to 35 trillion yen.
Regulators probe King speech leak
UK City regulators are investigating a sharp rise in futures trading a few hours ahead of Bank of England governor Mervyn King's speech to Bradford business leaders last week.
Top China economist calls for yuan appreciation
The Chinese government should actively move on its yuan exchange rate adjustment and appreciate the value of the currency by 5-10%, the Beijing Morning Post reported, citing Zhang Shuguang of the Chinese Academy of Social Science.
Venezuela approves central bank reform law
Venezuelan lawmakers gave initial approval late Tuesday 21 June to a bill that would allow President Hugo Chavez to access up to $5 billion in reserves held by the central bank.
BOT denies spending $3-4bn on intervention
Bank of Thailand governor M.R. Pridiyathorn Devakula has conceded the central bank had intervened in the market to support the baht, but denied it had spent up to US$3-4 billion on intervention.
Discussion topics from Central Banking conference
Central Banking Publications hosted the first conference on Sovereign Asset and Debt Management on June 20-21, where over 20 speakers and 100 participants discussed trends and challenges in how countries manage their national balance sheet.
Bank of England MPC Minutes, 8 & 9 June
The minutes from the 8 and 9 June meeting of the Bank of England's Monetary Policy Committee published on Wednesday 22 June showed policy makers voted 7- 2 to keep interest rates unchanged this month, with Charles Bean and Marian Bell preferring a 0.25%…
ECB's Mersch says rates 'perfectly appropriate'
European Central Bank council member Yves Mersch said current interest rates are correct and that Italian calls to leave the euro would be a recipe for turmoil.
Eurozone hampered by lack of reform, not rates
Bank of France governor Christian Noyer said it is not the level of European Central Bank interest rates which is hampering eurozone growth, but rather it is the lack of structural reform.
Official says pressure on yuan won't bring change
China said it would not bow to political and speculative pressures to adjust the value of its currency, as US officials prepared to testify about the impact of China's fixed exchange rate on the US economy.
Euro dip not caused by EU rejection says Liebscher
The euro hasn't been affected by the crisis facing the European Union following the rejection of its proposed constitution, the governor of Austria's Central Bank said on Tuesday 21 June.
RBA to open emergency back-up office
The Reserve Bank of Australia is to get a $38 million back-up office complex in an outer Sydney suburb in case an emergency shuts its city head office.
IMF's Rato sees no rush on China yuan rate
International Monetary Fund Managing Director Rodrigo Rato said there is no need for China to make its currency convertible in a single step, although a more flexible yuan exchange rate would benefit China and other countries.
Malaysia's Zeti says inflation may nudge higher
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was reported as saying on Tuesday that inflation could edge higher before tapering off later this year.
France's Noyer says no bias in ECB stance
Bank of France governor Christian Noyer told a news conference that the European Central Bank has no bias in its monetary policy stance and current ECB rates remain "exactly appropriate".
Tanigaki says Japan, China may discuss yuan
Japan's Finance Minister Sadakazu Tanigaki said that the meeting of finance ministers from Asia and Europe scheduled for this weekend in China could include a discussion of the yuan's peg to the US dollar.
Central bankers meet to discuss growing deficits
On 20-21 June, Central Banking Publications hosted its first conference on Sovereign Asset and Debt Management, which brought together speakers and delegates from central banks, ministries of finance, debt offices and financial institutions.
Bank of Japan Policy Board Minutes
Bank of Japan policy makers Toshikatsu Fukuma and Atsushi Mizuno voted in April and May to cut the target for funds the bank makes available to lenders, according to minutes released on 20 June.