News
Calls for curb on Brazil's central bank autonomy
Severino Cavalcanti, the president of Brazil's lower house of congress, has said he wants to remove the power of the central bank to independently set interest rates.
Fukui says policy may not change with positive CPI
Bank of Japan governor Toshihiko Fukui said Thursday the central bank would not necessarily abandon its ultra-easy credit policy once the core consumer price index stops falling.
Russian central bank to increase euro weighting
The Central Bank of Russia plans to increase the euro's weighting in its bi-currency basket to 0.3 soon, CB First Deputy Chairman Alexei Ulyukayev told a press conference on Tuesday 26 April.
Buba's Weber says Q1 growth high
Bundesbank President Axel Weber said on Tuesday 26 April that Germany's economic growth in the first quarter was likely the "strongest" in the year, and is estimated to have posted "roughly about 0.5 pct" GDP growth.
High oil prices 'handicap' eurozone says Issing
European Central Bank chief economist Otmar Issing said on Tuesday 26 April that the high price of oil is a "handicap" to the euro zone economy.
PBOC sees three risks to China's banking system
Chinese banks continues to face three major kinds of risk, namely credit risk, performance risk and trans-business risk, according to Xiang Junbo, deputy governor of the People's Bank of China.
ECB report confirms reserve diversification plan
The European Central Bank confirmed in its annual report on Tuesday 26 April that it is working on significant changes to its foreign reserve management strategy that would allow diversification into different financial instruments.
Russia and SARB hold first consultations
The Central Bank of Russia and the Reserve Bank of South Africa have held consultations in Pretoria, the first in the history of bilateral relations, the Russian central bank's foreign and public relations department stated.
EU's Almunia says no ECB rate rise from French No
European Economic and Monetary Affairs Commissioner Joaquin Almunia said on Tuesday 26 April that the European Central Bank is unlikely to raise interest rates if France rejects the European Constitution in the May 29 referendum.
UK's Brown says IMF gold sales plan 'on the table'
British finance minister Gordon Brown said on Monday 25 April that his proposal to sell the International Monetary Fund's gold to finance debt relief for poor countries was still on the British agenda in spite of opposition from the US.
Tanigaki says economy still in moderate deflation
Japan is still in ``moderate deflation'' and policy makers should keep attempting to overcome it, Finance Minister Sadakazu Tanigaki said on Tuesday 26 April.
RBZ drawing up economic recovery plans
Reserve Bank of Zimbabwe governor, Dr Gideon Gono, said on Monday 25 April that the RBZ was drawing up an appropriate and effective response to the various challenges facing the country.
ECB assessment of securities settlement systems
The Governing Council of the European Central Bank updated the assessment of securities settlement systems (SSSs) eligible for the settlement of collateral for Eurosystem credit operations, on Thursday 21 April.
Fed's Fisher says tariffs hurt inflation fight
Imposing tariffs on imports to the United States would hurt consumers and hamper attempts to control inflation, the president of the Federal Reserve Bank of Dallas said in a column in The Wall Street Journal on Monday 25 April.
Malaysia's reserves rise in first half of April
Bank Negara Malaysia said on Friday 22 April that its international reserves rose to RM276.7 billion (US$72.8 billion) as at 15 April 2005.
T&T launches improved website
The governor of the Central Bank of Trinidad and Tobago, Ewart Williams, has launched the bank's redesigned website, highlighting its improved functionality, data access, faster download capability, smoother navigation and printer- friendly versions.
PBOC's Zhou suggests faster yuan shift
Zhou Xiaochuan, governor of the People's Bank of China, said at the weekend that the government was still working on the "sequencing" of a potential move to a more flexible exchange rate but acknowledged that encouragement from abroad could result in a…
Bundesbank may cut further 1,100 staff
According to the Bundesbank's works council the German central bank is planning to cut a further 1,100 jobs to add to the 5,000 redundancies already announced.
Deputy BoB governor explains his departure
The deputy governor of the Bank of Botswana, Dr Keith Jefferis, resigned from the bank earlier this month after five years of service. In this article he explains the reasons for his departure, saying that he chose to leave because he wanted to set up…
After Greenspan: Ben Bernanke?
Despite strong support from the likes of Alan Blinder, Ben Bernanke is still seen as a dark-horse candidate for chairman of the Federal Reserve, according to this article. While Bernanke's move to the CEA has prompted talk that he is "one step closer" to…
Bini Smaghi wins MEPs' backing for ECB post
The Economic and Monetary Affairs Committee has approved the nomination of Lorenzo Bini Smaghi to the Executive Board of the European Central Bank. At the end of a confirmation hearing on 19 April, committee members voted by 16 in favour to 2 against…
Clarida tipped as new Fed governor
According to several reports this week, the White House is considering former US Treasury official Richard Clarida for the Federal Reserve seat that would be free if Fed Governor Ben Bernanke is confirmed to the CEA.
BSP deputy governor Reyes retires
Bangko Sentral ng Pilipinas deputy governor Alberto V. Reyes retired from his post as head of the Supervision and Examination Sector this week, a post he had held for ten years.
World Bank says China exchange rate move welcome
The World Bank has said it supports China's plan to move towards a more flexible exchange rate system as it would help the government with the conduct of its domestic monetary policy.