News
Snow says Brazil markets taking scandal in stride
US Treasury Secretary John Snow said there is little evidence that Brazil's economy is being damaged by a vote-buying scandal that has engulfed the government of President Lula da Silva.
Sweden's central bank signs for RTGS system
Sweden's central bank Sveriges Riksbank has contracted with Italian IT provider Societa Interbancaria per l'Automazione (SIA) for the delivery and implementation of a real time gross settlement (RTGS) system.
ECB sued over euro note security
A company that specialises in anti-counterfeiting technology filed a lawsuit against the European Central Bank on Monday 1 August claiming the euro common currency infringes on a patent issued in 1999.
ECB statement on Wim Duisenberg's death
The European Central Bank released a statement on Sunday 31 July following news of the death of former ECB president Wim Duisenberg.
Fazio defends conduct in takeover battle
Bank of Italy governor Antonio Fazio said he defended his conduct in clearing bank mergers and takeover bids, according to comments in La Repubblica newspaper.
US house prices suggest strong economy: Bernanke
White House economic adviser Ben Bernanke said on Friday 29 July that he thought strong U.S. housing prices reflected a healthy economy and thought it was unlikely there would be a national decline in prices.
BOJ economist forecasts sustainable recovery
The Bank of Japan's top economist said the central bank is getting more confident that an economic recovery is sustainable because consumer spending is improving at a faster pace.
Former ECB president found dead
Wim Duisenberg, former president of the European Central Bank, was found dead on Sunday 31 July at his villa in the south of France.
BSP sees inflation at 6.5%-7%
The Bangko Sentral ng Pilipinas, Philippine central bank, said Friday the annual inflation rate likely fell to 6.5-7.0 percent in July from 7.6 percent in June as abundant food supply offset pressures from high oil prices.
IADB elects new President
Colombian diplomat and former minister of economic development Luis Alberto Moreno was elected president of the Inter-American Development Bank on Wednesday 27 July during a special meeting of the Bank's Board of Governors at IDB headquarters in…
Bank of Canada appoints Special Adviser
The Bank of Canada announced the appointment of Bruce Little on Thursday to the position of Special Adviser for the year 2005-06.
IMF's Rato offers congratulations to Moreno
IMF Managing Director Rodrigo de Rato congratulated Luis Alberto Moreno on Wednesday 27 July following his election as President of the Inter-American Development Bank. Rato said his diplomatic experience and leadership will benefit Latin America's…
IMF chief draws fire over style as leader
This article published on Wednesday 27 July suggests a whispering campaign has begun in Washington against IMF chief Rodrigo de Rato. They accuse Rato of being a hands-off manager who spends too much time abroad and eyes Spain's highest elected office,…
Spain suggests supervisory appointment changes
Julio Segura, director of the Bank of Spain, has recommended a few changes to the way that appointments are made for executives of regulatory and supervisory boards.
SARB appoints new deputy governor
The President of South Africa, Thabo Mbeki, has appointed Dr Renosi Mokate as deputy governor of the South African Reserve Bank for a period of five years, effective from 1 August 2005.
Greenspan may get five more years
A California congressman has said he wants to introduce legislation to give Federal Reserve chairman Alan Greenspan five more years in the job.
Buchholz named as a candidate for Fed seat
Todd Buchholz, an adviser to President Bush during the 2004 presidential campaign, is being considered by the White House for a seat on the Federal Reserve Board, reports said this week quoting sources close to the administration.
PBOC to reveal more details on yuan in next step
The People's Bank of China said on Friday 29 July that it will provide more details of its revaluation of the yuan in the next step, including more information on the basket of currencies for the yuan exchange rate.
Brazil's Meirelles says economy sound
Despite the country's current political crisis, Brazil's economy is supported by solid fundamentals that will maintain growth, central bank president Henrique Meirelles said on Thursday 28 July .
IMF's Rato says no case for sanctions on China
IMF Managing Director Rodrigo Rato said in an interview on Thursday 28 July that there is no case for trade retaliation against China because of its foreign exchange policy.
'Fazio affair' meeting set for coming week
The Italian government will discuss how to tackle the controversy surrounding Bank of Italy governor Antonio Fazio at a cabinet meeting on 3 August, Italian Prime Minister Silvio Berlusconi said Friday.
China advisor sees second yuan revaluation in 2006
Zhang Shuguang, a former senior fellow at China's Academy of Social Sciences, the government's leading research body, said he expects a second revaluation of the yuan of between 2-3% in 2006 as hot money pressures are likely to force further adjustment.
US Fed meets with Taiwan officials
Officials from the Federal Reserve are in Taiwan to visit the Ministry of Finance, the central bank and the Financial Supervisory Commission to exchange opinions about the government's financial reform and exchange rates, government officials said…
RBNZ leaves OCR unchanged at 6.75 per cent
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 6.75 per cent on Thursday 28 July. Governor Alan Bollard said short-term inflation pressures have recently emerged as a result of surging oil prices.