News
Interview with Bank Indonesia's senior deputy
In an interview published on Thursday 16 June, Miranda Goeltom, senior deputy governor at Bank Indonesia, said tighter central bank rules on foreign exchange trading unveiled by Indonesia this week are aimed primarily at stemming inflation and the weaker…
Finding a new captain for our economic ship
With speculation mounting as to who will succeed Alan Greenspan as chairman of the Federal Reserve, another article published this week comes up with the usual names, but also includes interesting quotes from central bank watching academics and a former…
ECB's Issing: A hawk a dove or just misunderstood?
This article looks at recent comments by European Central Bank chief economist Otmar Issing who has twice spooked financial markets in as many weeks by seeming to hint that an interest rate cut was possible some time in the future, it says.
BOK governor's trouble
Following Bank of Korea governor Park Seung's harsh criticism and calls for his his resignation this week, this article says the attack is likely to cause a stir as the law stipulates the BOK chief's four-year term to guarantee the central bank's…
Brazil's Lula says central bank chief to stay
Brazilian President Luiz Inacio Lula da Silva has said he will keep central bank President Henrique Meirelles in his post, denying a report in O Estado de S. Paulo newspaper that he was planning to replace the embattled central bank chief.
Bank of Korea governor urged to quit
Lawmakers this week called for Bank of Korea governor Park Seung to take "full responsibility" and resign following recent comments he made.
Bulgarian & Romanian governors attend ECB meeting
The European Central Bank has said that the governors of the Bulgarian National Bank and National Bank of Romania attended the meeting of the ECB's General Council on Thursday.
Hoenig says Fed aiming for neutral rates
The Federal Reserve should raise interest rates toward a neutral level of 3.5 to 4.5 per cent and get there "sooner rather than later" in the face of strong growth, a top Fed official said on Thursday 16 June.
Bank Indonesia to host central bank meeting
Bank Indonesia will host the 10th Executive Meeting of East Asia Pacific Central Bank (EMEAP) to be held Bali from June 18 to 19.
Nobel winner: BOT supervision role should remain
Thailand should continue with its current structure whereby the Bank of Thailand supervises the banking system and not shift the role to the Ministry of Finance, according to 2004 Economic Sciences Nobel Laureate Edward Prescott.
Venezuela presents central bank reform proposals
Venezuela's government has submitted a legislative proposal that would allow President Hugo Chavez to tap reserves held by the central bank.
Snow calls for Europe economic reforms
US Treasury Secretary John Snow urged Europeans on Thursday 16 June to better integrate their financial markets as a way to stimulate growth.
Korea postpones currency swap decision
The Bank of Korea (BOK) postponed a decision Wednesday 15 June on a proposal to lend some of its foreign exchange reserves to domestic banks through currency swaps, the central bank said.
'Many ministers' want ECB rate cut says Juncker
Euro group president Jean-Claude Juncker has said "many ministers" want the European Central Bank to cut interest rates.
Buba's Weber says ECB rates appropriate
The current level of interest rates in the 12-country euro zone is 'appropriate,' Bundesbank chief Axel Weber said Wednesday 15 June.
SF Fed says flatter yield curve not a warning
A study published by the Federal Reserve Bank of San Francisco says a sharp flattening in the US Treasury yield curve need not suggest the onset of economic weakness.
Iran urges Tajikistan to join union of Asian banks
Visiting from Tehran on Wednesday 15 June, Iran's central bank governor called on Tajikistan to initiate accession of the Tajik national bank to the union of Asian central banks.
China report says efforts stepped up on yuan
The People's Bank of China said in its annual report on Tuesday 14 June it had stepped up its efforts to set up a more flexible foreign exchange mechanism due to fears capital being held overseas could flood back into the country.
ECB rates appropriate says Trichet
ECB president Jeane-Claude Trichet said the ECB council believes its current interest rates are 'appropriate' and that membership of the euro is a win-win situation for member countries.
Japan upgrades economic assessment
The Japanese government upgraded its view of the economy on Wednesday 15 June for the first time in 11 months, citing recovery in personal spending and the labour market.
Flexible yuan would help world economy says Snow
US Treasury Secretary John Snow said on Tuesday 14 June that the world economy would benefit from a more flexible Chinese yuan exchange rate.
SA fin min says IMF gold sales not an option
South African Finance Minister Trevor Manuel said on Monday 13 June that the sale of gold held by the International Monetary Fund was not an option in funding debt relief for poor developing countries any more.
ADB chief calls for early yuan shift
Asian Development Bank President Haruhiko Kuroda said on Tuesday 14 June that China should shift to a more flexible currency regime at an early date as such a move would benefit China and the rest of the world.
PBOC to guard against inflation
China's central bank's stance will remain focused on preventing major fluctuations in the country's economy and keeping prices "from growing to quickly", the official Financial News reported.