News
PBOC's Zhou says inflation data being studied
People's Bank of China governor Zhou Xiaochuan told reporters Friday 9 February the central bank is studying inflation data carefully to see if the recent acceleration is due to real inflationary pressures or seasonal factors.
Buba's Weber says German growth trend 'intact'
Bundesbank president Axel Weber said Saturday 10 February at the meeting of G7 finance ministers and central bank governors the underlying growth trend in Germany remains intact and that the outlook for euro zone growth remains positive.
Sweden's Riksbank reports SEK 7.9bn profit
In its annual report presented to the Swedish parliament Monday 12 February, the Riksbank reported a profit of SEK 7.9 billion for 2006.
Dispute over Slovenia's new central bank governor
Slovenia's president Janez Drnovsek refused on Monday 12 February to withdraw his candidate for the new central bank governor, despite fierce opposition to the appointment from the ruling party, the Associated Press said.
Cleveland Fed's new Head of Banking Supervision
Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective 1 March 2007.
RBNZ appoints John McDermott Head of Economics
Dr John McDermott has been appointed Head of Economics at the Reserve Bank of New Zealand, the RBNZ said Friday 9 February.
Trichet 'inflexibly attached' to ECB independence
European Central Bank president Jean-Claude Trichet, told reporters Thursday 8 February he is 'inflexibly attached' to implementing EU Treaty provisions that protect the central bank's independence from political meddling.
Atlanta Fed names Lockhart as new president
The Federal Reserve Bank of Atlanta announced Thursday 8 February that it has picked Dennis Lockhart, a 17-year veteran of Citigroup and now a professor of international business at Georgetown University as its new president.
Bies to leave Fed at end of March
Susan Bies announced Friday 9 February that she will leave the Board of Governors of the Federal Reserve at the end of March.
Burundi's central bank chief moves to v president
Burundi's parliament on Friday 9 February transferred central bank governor Gabriel Ntisezerana to the post of second vice president after his predecessor was sacked in a dispute.
Brazil's fin min says central bank chief staying
Brazil's central bank president Henrique Meirelles will remain in the job even though he has been criticised by some members of the government for his conservative stance, finance minister Guido Mantega told reporters on Wednesday 7 February.
NCA suggests RBZ's Gono skips border and quits
Zimbabwe's National Consultative Assembly (NCA) criticised the monetary policy of the Reserve Bank of Zimbabwe as a total failure in a statement released Thursday 8 February.
ECB's Trichet flags rate increase with 'vigilance'
European Central Bank President Jean- Claude Trichet signalled the ECB will likely raise interest rates next month as the pace of economic growth threatens to stoke inflation.
Chavez to implement anti-inflation plan
Venezuela's president Hugo Chavez' Government is preparing a plan to fight inflation, to prevent it from exceeding 12 percent this year, according to minister of finance Rodrigo Cabezas.
BOJ in no hurry to raise rates says Haru
The Bank of Japan is in no hurry to raise short-term interest rates in the absence of an immediate inflation risk, BOJ board member Hidehiko Haru said in a speech Thursday 8 February.
BOK chief says reserves may go to overseas stocks
South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.
Buba's Weber says ECB will do 'utmost' on prices
The European Central Bank and the eurozone's national central banks will do everything possible to ensure price stability in the euro area, Bundesbank president Axel Weber said Wednesday 7 February.
PBOC closely monitoring inflation pressure
Inflation pressure is building up from rising consumer prices in China and requires the attention of all branches of the People's Bank of China (PBoC), the central bank-backed Financial News reported Wednesday 7 February, citing PBoC vice governor Xiang…
Fed's Moskow says Chicago lagging US on growth
A top Fed official said Tuesday 6 February in a speech that Chicago lags behind the rest of the US, making it imperative for city officials to pursue more adaptable policies.
Yuan rise not response to US pressure, says Fan
Fan Gang, the only non-government representative on the People's Bank of China's monetary policy committee, said in an online interview on Sina.com that recent yuan strength is not a response to US pressure.
Germany's Steinbrueck backs ECB's independence
German finance minister Peer Steinbrueck said Wednesday 7 February that the independence of the European Central Bank, which has received criticism from some French politicians, must be respected.
Fischer trips to raise support for Israel to OECD
Bank of Israel governor Stanley Fischer is travelling to Germany and Japan this week to increase support for Israel's bid to join the Organization for Economic Cooperation and Development as a full member, the central bank said.
PBOC tells lenders to monitor loans closely
The Shanghai branch of the People's Bank of China has told local lenders to tighten examination of loans to prevent illegal inflows of funds into the stock market, the official Xinhua News Agency reported Tuesday 6 February.
Russia and Azerbaijan agree on banking supervision
The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in banking supervision, RBC reported Tuesday 6 February.