News
Deloitte chief linked to Hungarian cb job
The chief of the Hungarian arm of auditing and consulting group Deloitte, Andras Simor, was tipped on Friday 5 January by daily Nepszabadsag to become the new governor of Hungary's central bank.
Price rises seen in Slovenia after euro entry
The Slovenian Consumers' Association has warned that a wide range of price increases have been seen across the country, as business began trading in euros this week.
HKMA says exchange rate peg important
Hong Kong Monetary Authority chief executive Joseph Yam said it is important to maintain the exchange rate with the HK dollar's peg to the US dollar to safeguard financial stability.
Fed minutes show inflation concern
Federal Reserve officials continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, minutes released Wednesday 3 January showed.
Vietnam widens currency trading band
Vietnam's central bank has widened the band inside which its currency is allowed to trade against the US dollar in a move to create a more flexible exchange rate system, state media reported Thursday 4 January.
New NBP chief nominated
Poland's president on Wednesday 3 January nominated Slawomir Skrzypek, acting president of a major Polish bank, as the next head of the National Bank of Poland.
OECD says ECB rates still below neutral level
The OECD said Thursday 4 January European Central Bank interest rates are still below a 'neutral' level and continue to stimulate activity in the euro zone.
CNB's Tuma says euro entry rules outdated
Czech central bank governor Zdenek Tuma said in an article published Thursday 4 January the conditions for new member states to join the euro are outdated and should be overhauled.
BoJ's Muto says rate hikes support growth
A hawkish monetary policy by the Bank of Japan would be consistent with Prime Minister Shinzo Abe's emphasis on pro-growth policies, central bank deputy governor Toshiro Muto told the Nikkei daily on Wednesday 3 January.
PBOC's Wu expects Fed rate cuts in 2007
The US Federal Reserve is expected to cut rates in 2007 and that will reinforce the dollar's downwards bias and the yuan's tendency to rise, a senior Chinese central banker was reported by the Financial News as saying.
Thailand 'underestimated' currency controls
Bank of Thailand governor Tarisa Watanagase has said the BoT underestimated the impact of its proposed currency controls on the stock market, which posted record losses recently.
Indonesia appoints two new BI deputies
President Susilo Bambang Yudhoyono has signed a decree, appointing Budi Rochadi and Muliaman D Hadad as deputy governors of Bank Indonesia, Asia Pulse reported.
China to launch SHIBOR to develop benchmark rate
China will launch the Shanghai Interbank Offer Rate (SHIBOR) from Thursday 4 January, in a move to develop a benchmark rate for the interbank market, the People's Bank of China said.
ECB member bank buys gold
The Daily Telegraph in London reported Wednesday 3 January that a member of the European Central Bank system had begun buying bullion, the first such purchase in years.
New name mentioned for NBP president
Polish daily Gazeta Wyborcza reported Monday 1 January that President Lech Kaczynski is considering appointing Prof. Jerzy Zyzynski, head of the Department of Public Economy of Warsaw University, as the next president of the National Bank of Poland.
China may use Singapore in managing reserves
China could manage its massive foreign exchange reserves according to the "Temasek Model" of Singapore, according to Wu Xiaoling, vice-president of the People's Bank of China.
Slovenia brings in euro with no hiccups
Slovenia successfully adopted Europe's single currency, the euro, on Monday 1 January, crowning its 15-year transition from a republic in socialist Yugoslavia.
Sweden's Riksbank unanimous on recent rate rise
Minutes released Tuesday 2 January showed Swedish central bank policymakers were unanimous in raising the repo interest rate by 25 basis points to 3.00 percent on 14 December.
ECB's Liikanen sees inflation risks
European Central Bank Governing Council member, Erkki Liikanen, said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported on Tuesday 2 January.
Report says BoJ to consider rate rise this month
The Bank of Japan will likely consider raising interest rates as early as this month, the Yomiuri newspaper reported on Monday 1 January.
Bank of Slovenia joins Central Bank Gold Agreement
The central bank of Slovenia has joined the Central Bank Gold Agreement which limits gold sales by central banks, the European Central Bank said Friday 22 December.
UAE's Al Suwaidi sees union of 'one form' by 2010
The governor of the UAE central bank told reporters Friday 22 December that one form of a Gulf single currency union will be introduced by the current deadline of 2010.
BOJ minutes show divergence with markets on views
Minutes from the Bank of Japan's 15-16 November policy board meeting published Friday 22 December showed some members saw a "divergence" between the central bank and market participants over how to assess the economic climate in light of some weak data.
BOT's Tarisa says no new curbs planned
The head of the Bank of Thailand, Tarisa Watanagase, said Friday 22 December that further measures to curb international investors' funds would not be introduced.