News
Ecuador's central bank defends itself with advert
Ecuador's central bank is taking out advertisements in the country's main newspapers to defend its independence after newly elected President Rafael Correa questioned the need for its autonomy.
ECB's Weber says rates must keep rising
ECB governing council member Axel Weber said on Friday 26 January must keep withdrawing monetary stimulus from the euro zone economy.
Malaysia to host Global Islamic Finance Forum
Bank Negara Malaysia will host the inaugural Global Islamic Finance Forum (GIFF) between 26 and 29 March, the BNM said Thursday 25 January.
RBNZ's Bollard signals rates may rise
The Reserve bank of New Zealand said Thursday 25 January it will probably raise the benchmark interest rate from a record-high 7.25 percent because a surge in consumer spending and house prices may fuel inflation.
PBOC's Fan sees yuan fluctuating
Fan Gang, the only non-government representative on the monetary policy committee of the People's Bank of China, said Thursday 25 January has said the trend for the yuan will be to fluctuate, rather than rise constantly.
Prodi backing ECB independence
Italian prime minister Romano Prodi said this week the European Central Bank (ECB) should maintain its independence and that it had done a good job in its interest rate policy.
Interview with Bank of Japan's Fukui
In an interview with Reuters, published on Wednesday 24 January, Bank of Japan governor Toshihiko Fukui said he is not sure how quickly board members can agree on lifting rates.
Rates should rise if confident, says BoJ's Suda
The Bank of Japan needs to avoid spending too much time examining data and policy makers should raise interest rates as long as they're confident in the outlook for the economy, BoJ board member Miyako Suda said in a speech Thursday 25 January.
ECB's Weber sees upward risks to inflation
Further European Central Bank action is needed to make sure that eurozone price stability remains in check, European Central Bank Governing Council member Axel Weber said Wednesday 24 January.
Minutes show BoE split 5-4 on rate increase
The Bank of England's Monetary Policy Committee voted 5-4 in favour of the surprise rate hike on 11 January, minutes of the meeting published Wednesday 24 January showed.
BoJ policymakers say rate rise is likely
A few Bank of Japan policymakers said the central bank should raise interest rates in January if it were to gain confidence about the economic outlook, according to minutes of the policy board's December meeting, which were released Tuesday 23 January.
More on China's new finance strategy
Following the new strategic guidelines announced by the Chinese prime minister, Wen Jiabao, following the crucial meeting of the Central Financial Committee last weekend, CentralBankNews.com understands that a more detailed document will be published…
China aiming for 'basic balance' in payments
The head of China's currency regulator SAFE said Sunday 21 January that it will ease rules for capital to flow out of the country this year while making it harder for money to enter.
Report says Deloitte's Simor set to be join NBH
Andras Simor, CEO of the Hungary branch of Deloitte Touch Tohmatsu, is most likely to be the next governor of the Hungarian central bank (NBH), business daily Napi Gazdasag said on Tuesday 23 January, citing sources close to the government as saying.
Noyer says no conflict on price stability, growth
Bank of France governor and ECB governing council member Christian Noyer told the Liberation newspaper on Tuesday 23 January current monetary conditions are favourable for growth and there is no conflict between price stability and economic growth.
IMF chief calls for flexible yuan, warns BoJ
The head of the International Monetary Fund said Monday 22 January that greater flexibility in China's exchange rate will help Asian economies cope with potential risks from sharp capital inflows.
Buba's Fabritius sees German GDP growth down
Bundesbank executive board member Hans Georg Fabritius said in a speech German GDP growth is expected to be 1.75% this year, down from a 2.7% growth rate in 2006.
Bini Smaghi says ECB rate may rise further
ECB board member Lorenzo Bini Smaghi told La Repubblica in an interview published Tuesday 23 January that the ECB's rate is "still accommodating" and may have to rise further if growth expectations are confirmed to avoid excess liquidity.
RBNZ's Spencer to switch to financial stability
Reserve Bank of New Zealand governor Alan Bollard announced Tuesday 23 January that assistant governor, head of economics, Grant Spencer, will move to become head of financial stability.
Chicago Fed's Moskow announces plans to step down
Federal Reserve Bank of Chicago president Michael Moskow confirmed on Monday 22 January he will retire on 31 August.
China's reserves plan 'won't hurt U.S. dollar'
There is only a small chance of any immediate fallout on the U.S. dollar resulting from China's decision to alter the way it plans to manage its $1.06 trillion in foreign exchange reserves, according to The Wall Street Journal.
Ministers concerned over settlement plan - report
European finance ministers have raised doubts about the European Central Bank's plan to provide its own settlement system for eurozone securities transactions, the Financial Times reported Monday 22 January.
ECB denies Trichet, Juncker, Almunia meetings plan
The European Central Bank denied a report on Monday 22 January which claimed Jean-Claude Trichet, Eurogroup chief Jean-Claude Juncker and EU commissioner Joaquin Almunia had agreed to hold informal meetings on the sidelines of the ECB's monthly press…
PBOC advisor says yuan rise may increase surplus
Further yuan appreciation could cause China's trade surplus to increase rather than shrink, a leading advisor to the Chinese central bank told a conference on Sunday 21 January.