News
Noyer says ECB rate rise was necessary for prices
Bank of France governor Christian Noyer speaking on French radio on Friday 6 October defended the European Central Bank's decision to raise interest rates, saying it was necessary to curb inflation.
Mexico's Ortiz says economy in good shape
Guillermo Ortiz, the governor of the Bank of Mexico, said on Thursday 5 October that Mexico's economy is better prepared than in the past to weather any U.S. slowdown as a growing number of consumers have access to credit.
EU draft statement calls for limited IMF reform
According to a draft statement, European Union countries are willing to cede only a ``limited'' share of power in the International Monetary Fund to fast-growing emerging economies.
Warsaw academic rumoured to be next NBP president
Polish Prime Minister Jaroslaw Kaczynski already knows who will take over from Leszek Balcerowicz as the new president of the National Bank of Poland (NBP), the Rzeczpospolita daily reported on Sunday 8 October.
BoT governor to leave post for Cabinet seat
Pridiyathorn Devakula will leave his post as Bank of Thailand governor to serve as both deputy premier and finance minister in a new Cabinet due to be sworn Monday 9 October.
Columbia's Phelps gets Nobel economics prize
Edmund S. Phelps, a professor at Columbia University in New York, won the Nobel Prize in economic sciences on Monday 9 October.
Payment systems, monetary policy in Europe
The first of two articles published by the Financial Times on Friday 6 October looks at the issue of central bank "plumbing" which, it says, is creating a stink for the ECB. The second article concerns a letter sent by a group of monetarist economists to…
T2S is 'only solution': ECB's Tumpel-Gugerell
The European Central Bank sees its proposal on securities settlement, called TARGET2 Securities, as offering an "efficient organisation of central bank money", says Gertrude Tumpel-Gugerell, a member of the executive board, in an interview in the autumn…
ECB's Wellink says growth 'back on track'
European Central Bank governing council member Nout Wellink said on Thursday 5 October in Mexico that economic growth in the eurozone is "really coming back on track," but inflation risks remain on the upside.
BOJ's Muto says policy shift will be slow
Bank of Japan deputy governor Toshiro Muto said Thursday 5 October that the BoJ will conduct monetary policy changes "slowly" by closely monitoring the economic and financial climate.
Trichet says eurozone rates appropriate - for now
Speaking on French radio on Friday 6 October, European Central Bank president Jean-Claude Trichet said the ECB's decision to raise interest rates to 3.25 percent left them at an appropriate level and that the latest increase was aimed to head off…
Buba says no gold sales until Sep 07
Germany's central bank said Thursday 5 October it doesn't intend to sell gold reserves during the next 12 months except some sales for coinage.
Wrestling regulators
According to this comment piece from the Financial Times, published Wednesday 4 October, regulation should forward the public interest but different regulatory bodies sometimes clash in its defence.
RBNZ says salary reports 'rubbish'
The Reserve Bank of New Zealand on Thursday 5 October rejected as "rubbish" news reports claiming that Reserve Bank staff remuneration rose 15.4 percent on average per employee.
Swiss Re appoints Ferguson financial services head
Swiss Re announced Wednesday 4 October the appointment of Roger W. Ferguson, Jr., as Head of Financial Services and a Member of Swiss Re's Executive Committee, effective immediately.
Interview with NBP's Leszek Balcerowicz
In an interview with AP, published on Tuesday 3 October, the head of Poland's central bank said the bank is suffering the "most extreme" attacks on its independence since communism fell in 1989.
ECB raises rates, signals more to come
European Central Bank President Jean-Claude Trichet signalled the bank plans to raise its key interest rate again in December after raising eurozone rates on Thursday 5 October.
PBOC says macro-controls producing desired effect
The People's Bank of China said in a statement posted on its website Wednesday 4 October that its macro-controls to slow the country's overheated economy have started to produce the intended effect.
Post-coup Thai cabinet announcement expected
Thailand's interim, post-coup cabinet is likely to be announced tomorrow or Friday, Bank of Thailand chief Pridiyathorn Devakula said on Wednesday 4 October.
ECB says final decision on T2S in 2007
The European Central Bank will make a final decision on whether to proceed with its proposed Target 2 Securities settlement system in the first half of 2007, executive board member Gertrude Tumpell-Gugerell said Wednesday 4 October.
Swift defends role in data exchange
Swift, the Belgian company accused of transferring data on financial transactions to the US authorities, has refuted claims that it acted illegally.
Change at top likely at Bank of Thailand
This article from the Bangkok Post, published Tuesday 3 October, focuses on potential replacements for Bank of Thailand as M.R. Pridiyathorn Devakula after he confirmed he had been approached to join the interim cabinet.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.