News
Mizuno says BOJ to gradually lift rates
Bank of Japan board member Atsushi Mizuno said in an interview published Wednesday 13 September policy makers remain committed to gradually raising interest rates even after recent signs of slower economic growth.
Comment on central banking
The Financial Times published three interesting articles on Tuesday and Wednesday 13 September, including a piece on the IMF by Rachel Lomax and Tiff Macklem.
Calls for independence for Yemen's central bank
The Yemen opposition alliance has called for the formation of a national committee for supervising the central bank and oil revenues after being accused by President Ali Abdullah Saleh of planning to steal the country's assets.
China's Zhou says currency reserves 'enough'
People's Bank of China Governor Zhou Xiaochuan told reporters on Monday 11 September that policy makers might want to curb foreign-exchange reserves.
Eurozone's Juncker wants end to Trichet spat
Eurozone finance ministers and the European Central Bank should end their public spat, Luxembourg's Prime Minister Jean-Claude Juncker said in an interview published in The Financial Times.
Interview with Central Bank of Iran's Mojarad
In an interview with Dow Jones published Saturday 9 September, the Central Bank of Iran's vice governor Mohammad Jafar Mojarad said it will be difficult for the west to impose sanctions on Iran given its key role as a major oil exporter.
Report says G7 forex section still undecided
Ministers of Group of Seven leading nations have yet to decide the wording on currency policy at their upcoming summit, Kyodo news reported Tuesday 12 September citing a draft of the final statement.
IMF says risk of 'disorderly' drop in dollar
A ``disorderly'' drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said Tuesday 12 September.
Macfarlane disappointed by election comments
The Reserve Bank of Australia believes the Coalition's 2004 election promise to keep interest rates lower than Labor compromised the independence of the central bank in the minds of many voters.
ECB's Stark says inflation expectations may rise
European Central Bank executive board member Juergen Stark said in an interview he sees a risk that inflation expectations will rise if the market thinks the ECB is tolerating an inflation rate above 2 pct.
Bernanke doesn't rule out hard landing for China
Federal Reserve chairman Ben Bernanke said in a letter released on Friday 8 September that chances of an economic crisis in China were low, but that the chances of a "hard landing" for the economy could not be ruled out.
BNB's Quaden says further ECB rate rises likely
Belgian National Bank governor Guy Quaden, who is a member of the European Central Bank's governing council, told Le Soir another rise in eurozone interest rates cannot be ruled out.
ECB's Trichet sees robust global growth
European Central Bank president Jean-Claude Trichet told a G10 central bankers' news conference on Monday 11 September that the global economy is likely to continue to grow at a quite dramatic pace.
Riksbank's Persson not available for reappointment
Sveriges Riksbank deputy governor Kristina Persson, whose appointment to the Executive Board expires on 1 May 2007, has informed the General Council that she is not available for reappointment.
Report says Bernanke wants more democratic Fed
Federal Reserve chairman Ben Bernanke is trying to depersonalise the Fed by making its decision-making more democratic and easier to understand, The Wall Street Journal reported late on Friday 8 September.
Julio Velarde named head of Peru's central bank
Peru's president Alan Garcia has named Julio Velarde, president of the Latin American Reserve Fund, to head the Central Bank of Peru for the next five years.
China can bear 3-5 pct rise in yuan's value - SAFE
Chinese companies can bear a three to five pct rise in the yuan's value, a foreign exchange regulatory official told the China Economic Times.
Fukui says no need to change BOJ view on prices
Bank of Japan Governor Toshihiko Fukui said on Friday 8 September he saw no need to change the central bank's view on price trends in the wake of downward revisions to consumer price data.
China must address excess liquidity - Qiu
China must address the issue of excess liquidity that is driving strong credit and fixed asset investment growth in the country, Xinhua News Agency reported, citing Qiu Xiaohua, the head of the National Bureau of Statistics (NBS).
Trichet, Juncker warn on disorderly rate moves
European Central Bank president Jean-Claude Trichet has told a news conference that disorderly moves in exchange rates are negative for economic growth.
State Bank of Pakistan divided into four depts
In a bid to bring about improved performance in various departments, State Bank of Pakistan governor Dr. Shamshad Akhtar has divided the central bank into four departments.
St Louis Fed's Poole to cast Atlanta vote
Federal Reserve Bank of St Louis president William Poole will cast the Atlanta Fed's vote at the FOMC until a replacement has been found for its president, Jack Guynn, who retires on Oct. 1, the Fed said on Thursday 7 September.
Israel's Fischer backs 2007 budget plan
Bank of Israel governor Stanley Fischer expressed support Thursday 7 September of the budget framework presented by Finance Minister Avraham Hirchson the day before.
Belarussian central bank increases gold sales
The National Bank of Belarus increased sales of gold bars by 360% year-on-year to 802.9 kg in the first eight months of 2006, a source in the NBB's precious metals and stones department told Interfax.