News
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.
IMF's Rato says no need for ECB rate cut yet
International Monetary Fund managing director Rodrigo Rato said in an interview that there is no reason for the European Central Bank to cut interest rates at the moment, but it should do so if euro zone growth weakens any further.
PBOC facing difficulty in setting policy-report
The People's Bank of China has said it is facing more difficulty in setting monetary policy because of the fast-changing domestic and international environment, the official Financial News reported.
Russia ranked world's fifth in reserves
Russia ranks the world's fifth in terms of its international reserve assets (for gold and foreign exchange reserves), Prime Tass economic news agency reported on Friday 1 July.
Philippines joins anti-money-laundering network
The Philippines' Anti-Money Laundering Council (AMLC) has been admitted as a member of the Egmont Group, a global network of financial intelligence units that tackles money-laundering, the central bank said.
ECB's Liebscher says slowdown 'temporary'
European Central Bank council member Klaus Liebscher has called a slowdown in the region's economy a "temporary phase of weakness" and said rising exports and a declining euro will help revive growth by the end of 2005.
New Philippine central bank governor sworn in
Philippine president Gloria Macapagal-Arroyo on Monday 4 July swore into office Amado Tetangco Jr. as the new chief of the central bank.
ECB reorganises human resources
The European Central Bank announced on Tuesday 28 June that it would merge the Directorate Human Resources and the Directorate Planning and Controlling into a new Directorate.
Interview with ECB's Bini Smaghi
In an interview published this week European Central Bank Executive Board member Lorenzo Bini Smaghi said blaming the euro is like blaming the thermometer when you are ill. Proof that the euro is not the cause of the crisis is provided by the fact that…
Interview with ECB's Gonzalez-Paramo
In an interview published this week European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said the price of oil is the main risk weighing on the recovery. But the persistence of global imbalances is also a threat.