News
Top prosecutor says Kozlov murder solved
The murder of Andrei Kozlov, first deputy chairman of the Russian central bank, has been solved, the Russian Prosecutor General said Tuesday 5 December.
ECB raises interest rates to 3.5%
European Central Bank president Jean-Claude Trichet said Thursday 7 December it was essential to act in a "firm and timely manner" to safeguard price stability in the eurozone,after the bank raised interest rates from 3.25pct to 3.5pct.
Polish PM dismisses Gilowska NBP link
Poland's prime minister Jaroslaw Kaczynski has dispelled rumours of deputy PM and finance minister Zyta Gilowska leaving his cabinet in order to become head of the National Bank of Poland (NBP).
BoJ's Iwata says fair competition important
Bank of Japan deputy governor Kazumasa Iwata on Thursday 7 December underscored the need to ensure fair competition between two subsidiaries of Japan Post when the 10-year postal privatisation process begins in October.
BoJ's Nishimura concerned over slow consumption
Bank of Japan board member Kiyohiko Nishimura said in a speech on Wednesday 6 December further interest rate hikes by the BoJ are expected to be "gradual" as far as inflation expectations remain low, adding he is "greatly concerned" about slow domestic…
Zambia converting debt into marketable securities
The Zambian government has converted part of its long term debt owed to the Bank of Zambia (BoZ) into short-to-medium term marketable government securities in a move to boost the central bank's scope for liquidity management in the economy, the Times of…
China plans RMB option market launch - report
The Chinese government plans to launch an option market for its currency, the Renminbi (RMB), to help its banks avoid risks incurred by the partial flotation of exchange rates according to the Beijing News.
Garganas looks to reform of banking regulation
Greek central bank governor Nikos Garganas told a banking forum on Tuesday 5 December that he wanted to see reform of banking regulation.
RBZ chief out of presidential race
Zimbabwe's central bank governor has ruled himself out of the race to succeed President Robert Mugabe in a web chat with New Zimbabwe.com.
Weak data won't deter rate rise - BoJ's Mizuno
Bank of Japan policy board member Atsushi Mizuno said in a speech Tuesday 5 December that the central bank can raise its key short-term interest rate despite recent weak economic data.
Chicago Fed's Moskow says US economy 'solid'
Federal Reserve Bank of Chicago President Michael Moskow said in an interview Monday 4 December that the U.S. economy is still "solid" and poised to approach 3 percent growth next year.
Nigeria to get more efficient payment system
The Central Bank of Nigeria (CBN) is to implement a robust and more efficient payment system in the country, the official News Agency of Nigeria reported on Monday 4 December.
Turkey's Yilmaz: Economic crisis out of question
"The current account deficit which has been rising due to high economic growth should be monitored closely," Turkish central bank Governor Durmus Yilmaz has indicated at a news conference Monday 4 December.
ECB issues warning to euro hopefuls
Some of the new members of the European Union lining up to adopt the euro will likely have to wait until the end of the decade, the European Central Bank said Tuesday 5 December.
Third Eurosystem & L American CB meeting
The monetary and financial challenges for central banks associated with the ongoing process of globalisation were the main focus of the discussions held in the Third High-Level Seminar of the Eurosystem and Latin American Central Banks in Madrid Monday 4…
BoT tries to slow strengthening baht
The Bank of Thailand has asked financial institutions in Thailand to halt short-term capital inflows in an attempt to stop speculation in the Thai currency, which is trading at a nine-year high.
Poland's fin min tipped as central bank governor
Poland's finance minister Zyta Gilowska is a near-certainty for the National Bank of Poland (NBP) governorship, daily Parkiet wrote Monday 4 December, citing unspecified sources.
RBNZ runs out of coins in Xmas lead up
Just five weeks after phasing out the old coins, the Reserve Bank of New Zealand has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period.
China needs to manage FX reserves - economist
China needs to set up a new institution to manage part of its huge foreign exchange reserves now estimated to be over 1 trln usd, the official Shanghai Securities News reported Monday 4 December, citing a state economist.
SA's Mboweni unconcerned about rand
The governor of the South African Reserve Bank, Tito Mboweni, is unperturbed by the level of the rand, but remains worried about rising debt levels and rampant consumer spending.
Central bankers in Islamic FSB
The governor of the State Bank of Pakistan, Shamshad Akhtar, has been appointed deputy chairperson of the Islamic Financial Services Board (IFSB) for 2007.
ECB sells more gold
The ECB sold 23 tons of gold on 30 November, the central bank said.
Bahrain launches money market forum
The Central Bank of Bahrain (CBB) has established a money market forum to provide a platform for discussion on market development and structural issues in the Bahraini Dinar money markets.
BoE's King cool on soaraway sterling
Mervyn King, governor of the Bank of England, seemed unperturbed by the recent surge in the value of the pound relative to the dollar.