News
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
Norges Bank raises interest rates
In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".
Rajan to leave IMF after three years
Raghuram Rajan, the International Monetary Fund's economic counsellor and director of its research department, has decided to return to the University of Chicago by early 2007.
Stagflation in Iraq - central bank
Iraq's central bank sounded a warning as inflation and unemployment hit high levels.
Vietnam probes possible North Korean accounts
State Bank of Vietnam governor, Le Duc Thuy, has revealed that Vietnam is investigating possible illicit North Korean bank accounts held in the country.
Polish central bank chief hits back
Describing the ruling coalition as a threat to the country's democratic system, the National Bank of Poland president, Leszek Balcerowicz, criticised a parliamentary inquiry into bank privatisation, describing it as "populist actions".
Lebanese governor speaks out on economic threats
The governor of Lebanon's central bank, Raid Salameh, has spoken about the strains on the country's economic recovery.
Thai governor calm over strong baht
Pridiyathorn Devakula, the governor of the Bank of Thailand governor, reassured domestic exporters and investors on Tuesday that the baht is being closely monitored and said that its current value is neither too high or low.
Norway's investments struck by rising krone
Norges Bank today published its second quarter results for its investment management division, showing negative returns in both equity and fixed income markets.
Zimbabwe's Gono no hero for removing zeroes
Protests and arrests accompanied the final day of Zimbabwe's currency exchange.
Indonesia deputy governor passes away
Budi Rochadi, the Indonesian central bank’s deputy governor in charge of the banking payment system, passes away in New York
Zimbabwe currency swap hits deadline
Zimbabwe's old currency ceased to become legal tender at midnight on 21 August, as the deadline ran out for citizens to exchange their notes for new denominations with three less zeroes.
Canada cancels plan for C$200 banknote
The Bank of Canada has withdrawn a proposal to print a C$200 bill after a survey concluded that there is a significant current of opposition from retailers to its introduction.
Colombia raises rates to 21-month high
Colombia's central bank raised its key intervention rate on Friday to 6.75% from 6.5%. The move was expected by market observers as inflationary pressures have been building through high consumer spending, rapid growth in imports and a sharp increase in…
Vietnamese governor wants less cash, more plastic
The governor of Vietnam's central bank, Le Duc Thuy, has called for greater cooperation between commercial banks to expand bank card services.
Bank of Japan's new executive director
Japan's finance minister, Sadakazu Tanigaki, today appointed Kiyoto Ido, a former director-general of the finance ministry's international bureau, as one of six executive directors of the Bank of Japan.
India's central bank is not a growth killer
According to this article published Thursday 17 August by Bloomberg, opposition to the Reserve Bank of India's strategy isn't merely academic.
Inflation targeting can boost stability-Bank paper
This article from Reuters, published Thursday 17 August, takes a look at the recent research paper from the Bank of England, co-authored by governor Mervyn King.
SNB's Blattner to retire in the spring of 2007
The vice-chairman of the Swiss National Bank's Governing Board, Niklaus Blattner, will retire at the end of April 2007, the SNB said on Friday 18 August, adding that a replacement would be proposed within months.
China raises rates by 0.27%
The People's Bank of China on Friday 18 August announced increases of 0.27 percent for key lending and deposit rates in an attempt to slow investment and prevent the economy from overheating.
Fukui says 'more time' needed to hike rates
Bank of Japan governor Toshihiko Fukui told the Kyodo News Agency in an interview that the central bank needs "a little more time" to lift interest rates after it ended its zero-rate policy last month.
SADC meeting focuses on trade
Trade in the Southern African Development Community (SADC) will feature high on the agenda at the 14-member body's summit in Maseru, Lesotho.
Report sees slower gold sales
With European central banks unlikely to opt to sell the maximum allowable 500 metric tons of gold in their annual quota, gold prices should benefit from the reduced physical supply, according to a report by London-based consultancy Virtual Metals Ltd.
SPEED: the new journal for financial plumbers
SPEED - short for Settlement, Payment, E-money and E-trading Development - is a new journal aimed at all those policy-makers in banks, central banks and system operators who are trying to ensure that the financial infrastructure, often called the …