News
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.
CBO signs PWC supervision agreement
The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).
Japan can declare deflation over says Omi
Japan's Finance Minister Koji Omi said Tuesday 3 October that the country can declare that its battle with more than seven years of falling prices is over.
BOT chief takes role in military-backed govt
Bank of Thailand governor Pridiyathorn Devakula said Monday 2 October that he will join the cabinet of the new military-backed government in an as yet undecided role.
Almunia silent on date for Lithuanian euro entry
EU economic and monetary affairs commissioner Joachim Almunia declined to set a date for Lithuania to enter the eurozone in a speech Monday 2 October.
Japan's PM Abe expects BoJ to support growth
Japan's Prime Minister Shinzo Abe told parliament Monday 2 October that he expects the Bank of Japan to support growth through its policies as the economy continues to emerge from deflation.
PBOC chief says yuan flexibility expanding
The flexibility of China's currency is gradually being expanded as the influence of market forces grows stronger, the People's Bank of China chief said in an interview published Monday 2 October.
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
Interview with Central Bank of Yemen's Al-Maswari
In an interview published by the Yemen Times on Friday 29 September, the chairman of the Central Bank of Yemen, Hussian Al-Maswari, said the government of Yemen represented by the Central Bank should give more attention to developing the banking industry.
Riksbank to sell 10 tonnes from gold reserves
Sweden's Riksbank said on Friday 29 September it intends to sell up to 10 tonnes of its gold reserves between Sept 2006 and Sept 2007, in order to obtain a better risk-adjusted return on the its assets.
ECB will move forward with financial integration
A European Central Bank executive board member signalled in comments to the Financial Times, published Friday 29 September, that the ECB will push ahead with plans to increase eurozone financial integration by providing securities settlement services,…
China FX regulator denies new forex rules reports
China's State Administration of Foreign Exchange (SAFE) denied media reports on Friday 29 September that it intends to issue a new regulation governing foreign exchange today.
Kluza named chief of Poland's new regulator
Former minister of finance Stanislaw Kluza was on Friday 29 September named as the head of Poland's new commission designed to supervise the rapidly growing financial sector, Deutsche Presse-Agentur dpa reported.
RBI governor sees long term real rate challenge
Reserve Bank of India governor, YV Reddy said Thursday 28 September that long term interest rates pose a challenge to the "effectiveness of the economy."
New Japan MOF chief to be soft on BOJ
According to this article from Reuters, published Wednesday 27 September, newly appointed Japanese finance minister Koji Omi is unlikely to adopt his predecessor's stance on intervention in the Bank of Japan's monetary policy.
Weber sees inflation risks despite oil price fall
Germany's Bundesbank president Axel Weber said Thursday 28 September the eurozone still faces inflation risks despite the recent dip in oil prices.
Jarai says Hungarian forint vulnerable
"The forint is one of the most vulnerable currencies in the world," Hungary's central bank governor, Zsigmond Jarai said Wednesday 27 September at a conference hosted by the German-Hungarian chamber of commerce.
Fed's Hoenig says lags slowing rate impact
Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday 27 September that the impact of previous interest rate increases has not been fully felt yet and must be considered by the FOMC at future meetings.
Interview with Richmond Fed's Lacker
Federal Reserve Bank of Richmond President Jeffrey Lacker told Reuters in an interview on Wednesday 27 September the U.S. economy was on solid ground, but that inflation was still a worry.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
Mauritius plans new monetary policy framework
The governor of the Central Bank of Mauritius said Wednesday 27 September that the bank will move to a new monetary policy framework next month, the first major shift since 1999.
Solving Kozlov's murder is 'question of honour'
The Moscow Times reported Tuesday 26 September that the killers of Russia's central bank first deputy chairman Andrei Kozlov may have been hired on the cheap and had no idea who they were being paid to kill.
Israel's Fischer says 5% growth rate needed
Bank of Israel governor Stanley Fischer told the Finance Committee Tuesday 26 September economic growth must keep a pace of least five percent per year for 10 years for Israel to reduce poverty significantly in the long- term.
Japan's new fin min says BOJ taking proper steps
New Japanese Finance Minister Koji Omi said Wednesday 27 September foreign-exchange rates should move in line with the strength of their underlying economies.