News
ECB's Liikanen says inflation remains a big risk
European Central Bank Governing Council member Erkki Liikanen said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported Sunday 21 January.
Role of MAS enhanced with Banking Amendment Bill
The Monetary Authority of Singapore's role as the central bank was enhanced on Monday 22 January when Parliament passed the Banking Amendment Bill, Channel News Asia reported.
Buba's Weber warns on German wage hikes
Bundesbank president Axel Weber warned Friday 19 January that sharp wage increases in Germany could set off a new round of inflation and hinder the European Central Bank's price stability goal.
RBNZ announces role for Steve Anderson at IMF
The Reserve Bank of New Zealand announced Friday 19 January that the Head of Risk Assessment and Assurance, Steve Anderson, has been appointed to the International Monetary Fund's (IMF) External Audit Committee.
Coroner's report on death of BoE's Walton
Former Bank of England Monetary Policy Committee member David Walton was killed by a rare flesh-eating bug, a coroner's officer report has shown.
BoT's Tarisa says exports likely to decline
Bank of Thailand governor Tarisa Watanagase on Thursday 19 January said the Thai economy would grow at a slower pace this year since exports are likely to decline.
Economists may review RBA testimony
Australian lawmakers are likely to invite economists to review the twice-yearly testimony of Reserve Bank of Australia Governor Glenn Stevens, Bloomberg reported Friday 19 January.
Hungary plans central bank independence increase
Hungary's government is proposing an amendment to the country's Central Bank Act to increase the independence of monetary policy makers, a spokesman at the Finance Ministry has said.
New developments in Kozlov murder case
A woman was charged on Friday 19 January in connection with the murder of Russian central banker Andrei Kozlov.
Fukui says BoJ not bowing to pressure
The Bank of Japan will try to change interest rates slowly but has no timetable for such moves at present, central bank governor Toshihiko Fukui said Thursday 18 January.
EU's Almunia positive on 2007 inflation
European Union Monetary Affairs commissioner Joaquin Almunia said Thursday 18 January eurozone growth and inflation should be roughly in line with 2006 figures this year thanks largely due to a positive outlook for Germany.
Fed adviser Reinhart to leave for AEI
Vincent Reinhart, one of Federal Reserve Chairman Ben Bernanke's top advisers on interest rates, is leaving the central bank, a statement said Wednesday 17 January.
CBK says economy to grow 6%
The Central Bank of Kenya said Thursday 18 January in its monthly report that the economy grew at the rate of 5.8 per cent last year and will grow at 6 per cent this year.
Russian central bank reserves drop
The Russian central bank said Thursday 18 January its gold and foreign currency reserves have dropped by 2.2 bln usd in one week, with levels standing at 301.7 bln usd on Jan 12.
Stark says ECB criticism has little support
European Central Bank board member Juergen Stark said in a speech on Wednesday 16 January that criticisms of the ECB by some politicians have very little support and are simply a reflection of some countries' failure to adapt to monetary union.
Riksbank names new head of financial stability
At its meeting on Tuesday 16 January, the Executive Board of the Swedish Riksbank appointed Mattias Persson the new head of the Financial Stability Department.
BoT says cut rates to spur economy
The Bank of Thailand said Wednesday 17 January it cut its key interest rate for the first time in more than three years to spur the economy after currency controls.
Russia charges central banker murder suspect
Russian prosecutors on Wednesday 17 January charged a private banker with ordering the murder of Russian central bank first deputy chairman Andrei Kozlov.
ECB says pan-euro settlement system to cut costs
The European Central Bank said Tuesday 16 January it believes the implementation of an integrated securities settlement system in the euro zone could cut settlement costs by up to 90%.
HKMA says real-time bond system ready 5-6 weeks
The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.
ECB says Slovenia's euro switch successful
Two weeks after the introduction of the euro banknotes and coins, the cash changeover in Slovenia has been successfully finalised in accordance with the plans, the European Central Bank said Tuesday 16 January.
Kyodo says BOJ unlikely to raise rates this week
The Bank of Japan is unlikely to raise interest rates at this week's policy meeting, Kyodo news agency reported on Tuesday 16 January, quoting "sources familiar with the matter".
Tarisa says BoT created 'uncertainty'
The Bank of Thailand deliberately created "uncertainty" in the foreign exchange market to drive out speculators from Japan and the U.S. when it imposed curbs on investment, governor Tarisa Watanagase told Bloomberg in an interview Monday 15 January.
Report says Kozlov murder suspects charged soon
Official charges will be brought soon against the suspects recently arrested in relation to the murder of first deputy chairman of the Russian central bank Andrei Kozlov, Interfax quoted Prosecutor General Yury Chaika as saying Tuesday 16 January.