News
Thailand to keep rates steady
The Bank of Thailand will probably keep its benchmark interest rate on hold for the rest of the year after borrowing costs quadrupled since August 2004, the central bank governor told Bloomberg in an interview on Monday 7 August.
Paulson to meet with Chinese officials
US Treasury Secretary Henry Paulson expects to meet Chinese economic officials sometime this fall, a Treasury spokesman said on Monday 7 August.
Bank of Uganda to manage oil revenues
According to this article published by The East African on Monday 7 August, Uganda is finalising the setting up of a Petroleum Fund to manage revenues expected from recently-discovered oil fields in the country.
Slovakia pledges 2009 for euro adoption
In an interview with the Financial Times, Slovakia's finance minister Jan Pociatek said, "It is my personal responsibility to follow the euro commitment," allaying fears that the new leftist government might delay the adoption of the single currency.
Guru with the keys to the kingdom
In a recent interview with The Banker magazine, Dr YV Reddy, governor of the Reserve Bank of India, says he is "not necessarily looking for a dramatic shift" in the "dynamic mix" that currently makes up the banking sector in India.
Central banker has big boots to fill
According to this article, published Saturday 5 August by The Age, the man who will replace Ian Macfarlane at the Reserve Bank of Australia will have a tough time.
ECB's Liebscher says ECB may raise rates higher
European Central Bank council member Klaus Liebscher was quoted on Monday 7 August as saying in an interview that the eurozone central bank is ready to raise interest rates further.
PBOC's Wu says yuan appreciation not certain
The economy faces considerable uncertainty so appreciation of the yuan is not inevitable, the Shanghai Securities News quoted a deputy governor of the People's Bank of China as saying.
Li Yang says China shouldn't follow US
China should not follow in the footsteps of the United States by starting a cycle of interest rate rises, former central bank adviser Li Yang said in an article published on Monday 7 August.
ECB's Bini Smaghi sees further policy tightening
European Central Bank executive committee member Lorenzo Bini Smaghi said in an interview published Sunday 6 August that he sees further increases in euro zone interest rates in the next months.
Zimbabwe's Gono facing intimidation
A fire has swept through maize crops at a farm belonging to Zimbabwe's central bank chief Gideon Gono, with suspicion it was arson.
ECB announces changes in senior management
The Executive Board of the European Central Bank (ECB) announced Thursday 3 August it has decided on some changes in the senior management.
Mishkin sees benefits in inflation target range
According to this article by Reuters, published Wednesday 2 August, a new study by incoming Federal Reserve governor Frederic Mishkin says inflation target ranges can help central banks sidestep political pressure to let prices rise and achieve low…
IMF to give emerging economies votes
Managing director Rodrigo Rato said the International Monetary Fund is ready to give emerging economies greater representation in the organisation with changes to members' voting powers in September.
Belgium's Quaden says all things possible
Belgian National Bank governor Guy Quaden said in a radio interview it is possible for the European Central Bank to control inflation at the same time as promoting growth.
Report says yuan rise not guaranteed
A rise in the Chinese currency is not guaranteed, but the exchange rate is increasingly reflective of market forces, central bank vice governor Wu Xiaoling told Xinhua news agency.
BOJ punishes 41 staff after expenses probe
The Bank of Japan said Friday 4 August it would punish 41 officials for either receiving or paying higher than necessary allowances for air travel in the seven years from 1999.
Trichet says further rate rises may be 'warranted'
European Central Bank president Jean-Claude Trichet said Thursday 3 August more interest rate increases may be "warranted" after the bank increased eurozone rates for the fourth time in eight months.
Bank of England appoints Finance Director
The Bank of England announced on Wednesday 2 August that Warwick Jones has been appointed Finance Director of the Bank of England from 1 October. Mr Jones will be an Executive Director of the Bank and a member of the Executive Team.
Simon Brooks appointed Vice-President of the EIB
Simon Brooks, a former Director in the Macroeconomic Policy and International Finance Directorate of the UK Treasury, has joined the European Investment Bank (EIB) as Vice-President.
Ghana's Acquah says economy is resilient
Dr. Paul Acquah, governor of the Bank of Ghana, said the real sector of the economy in the first half of the year was robust in spite of the rising petroleum prices and the effect on domestic fuel prices.
Israel's Fischer: conflict costing economy
Israel's conflict with Hizbollah is costing the economy up to 1 billion shekels a week and will push up the budget deficit by 0.6 percent this year, Bank of Israel governor Stanley Fischer said on Wednesday 3 August.
Surprise as Bank of England tightens early
The Bank of England raised interest rates by a quarter-point on Thursday 3 August, bringing the official bank rate to 4.75% after a year on hold.
ECB's Opinion on National Bank of Poland law
The European Central Bank on Thursday 3 August published an Opinion in which it expressed concern over proposed amendments to National Bank of Poland statutes which relate to changes in the composition of the Banking Supervision Commission.