News
Bank indicates worst of Venezuela's crisis over
Venezuela has forecast a partial recovery in the local economy, according to Reuters. The central bank governor said in an interview published on Tuesday May 27 that it is difficult to expect a worse situation for the remainder of the year than what has…
Calls for Serb c banker to be removed
The principal deputy high representative in Bosnia-Hercegovina, has demanded the withdrawal of Cvijetin Nikic from the managing board of the Bosnia-Hercegovina Central Bank, according to a report by the Beta news agency.
Brazil's Meirelles says inflation not yet stable
Speaking in testimony to Brazil's parliament, Bloomberg reported that central bank President Henrique Meirelles said inflation was not yet under control and the bank will keep a watch with its interest rate policy.
SARS trims growth in Malaysia to 4%
Malaysia's economy grew at its slowest pace in a year in the first quarter, the government said on Wednesday May 28, according to a Bloomberg report, as overseas sales of Unisem Bhd. and other computer chipmakers fell.
Zimbabwe bank notes crisis worsens
Tuesday May 27 saw a worsening of the bank note shortage in Zimbabwe, according to The Herald Online, with some banks running out of notes and long queues at ATM machines.
ECB's Padoa-Schioppa: no danger of deflation
Tommaso Padoa-Schioppa of the ECB was quoted Monday as saying speculation over deflation was alarmist and that the central bank stands ready to act if necessary, according to Reuters.
Iran: New central bank governor speaks on policy
Iran's recently appointed central bank chief Ebrahim Sheybani said Saturday the CBI will try to maintain more attentive supervision over monetary policies to better rein in inflation, reports the IRNA news agency.
Turkey, Kazakhstan sign banking sector memorandum
Turkey's Banking Regulation and Supervision Agency and the central bank of Kazakhstan have signed a memorandum of understanding in the line of the joint goal of ensuring financial system stability, according to the anatolia news agency.
Gold bars worth $500m seized at Syrian border
A haul of 2000 gold bars was found during the routine inspection of a truck near the Syrian border, according to Reuters. The gold was estimated to be worth about $500 million and may have come from the Iraq central bank's reserves.
Brazil cb to maintain curent monetary policy
Brazil's central bank governor has said the bank will maintain its current stance on monetary policy despite the resignation of the director of economic policy, according to a report in the Wall Street Journal.
NBP won't release its reserves for budget
The National Bank of Poland's governor said the bank will not yield to the request of finance minister Grzegorz Kolodko, who had called on the NBP to release part of its foreign currency reserve and transfer the money to the state budget, according to…
Bosnian banking agencies, central bank sign deal
Bosnia-Hercegovina Central Bank Governor Peter Nicholl signed a memorandum on cooperation and exchange of information in Sarajevo with banking agencies from Serbia and Bosnia-Hercegovina, reports the SRNA news agency.
China's banking regulator to set up advisory body
the New China News Agency reports that China's Banking Regulatory Commission said it intends to set up a non-profit international advisory committee made up of people in supervisory roles in internationally-renowned banks.
New Bank of England Agency Opened in Exeter
Eddie George opened the Bank of England's new regional office in Exeter on Friday 23 May. This is the central base for the Bank's Agency for South West England.
Zimbabwe's central bank raises gold sale price
Zimbabwe's central bank has raised the price paid to small scale gold producers by 114 percent following the abolition of the gold floor price support scheme, the Financial Gazette reports.
Bank of Spain presents annual report on regulation
The Bank of Spain presented its annual report on its regulatory activities on Thursday, it is reported by Expansion.
BOK Governor discounts deflation risk
The Bank of Korea (BOK) governor Park Seung said on Thursday 22 May that there is little possibility of deflation at this point with the current heated real estate market, according to a report in the Korea Times.
Bank of Finland to cease Baltic monitoring
The Bank of Finland will end its monitoring of the Baltic states from next year, the Baltic News Service reports. The bank said the states have in a way reached a watershed and at a certain point the transition is regarded as complete.
Brazil's central bank head of economics resigns
The head of economic policy at Brazil's central bank, Ilan Goldfajn, resigned on Thursday 22 May, according to Associated Press, but denied the decision had anything to do with criticism the bank received at not cutting interest rates earlier in the week.
ECB statements boost rate cut chances
Euro-zone central bankers gave what looked like strong hints on Friday 23 May for an ECB interest rate reduction in June, according to Reuters. The surging value of the euro which went through its launch level on Friday and data showing inflation…
Security fears keep IMF, World Bank out of Iraq
Speaking on Thursday 22 May, officials from the IMF and World Bank said they had not yet sent teams to Iraq as security concerns remain, according to Reuters. Teams are currently based in Jordan but aren't quite ready to move into Iraq, the World Bank…
Dallas Fed official says deflation risk has risen
The top monetary policy advisor to the Dallas Fed president has said he and Robert McTeer agreed that the probability of deflation was "about one in four, or 25 percent", according to a report by Reuters.
RBA says it did its homework on credit cards
As the court action continues in Australia over the RBA's introduction of credit card reforms, the Sydney Morning Herald reports that the Reserve Bank's counsel has accused counsel for Visa and MasterCard of drawing selectively from documents in putting…
Olson says deflation possibility very low
Federal Reserve Governor Mark Olson said on Thursday 22 May thatthe Fed will continue to monitor the deflation situation very carefully "because we've seen the way deflation has hampered Japan's recovery".