News
Russia appoints new supervision head
A new official has been appointed to run the Russian central bank's Banking Supervision Committee, following the murder of the first deputy chairman a week ago, the bank announced Thursday 21 September, according to RIA Novosti.
CNB's Erbenova rules out 2010 euro date
Czech National Bank board member Michaela Erbenova told daily newspaper Dnes that the Czech Republic will not adopt the euro by its 2010 target date.
BOT chief denies premiership rumours
Bank of Thailand (BOT) governor M.R. Pridiyathorn Devakula on Wednesday 20 September denied a rumour he had been approached to take the Thai premiership.
ECB Liikanen says more rate hikes needed
The European Central Bank will have to raise interest rates again if it is to keep inflation under control, Finnish central bank chief Erkki Liikanen said in a newspaper interview published Wednesday 20 September.
BoE minutes show inflation concerns worry MPC
Bank of England Monetary Policy Committee members said in minutes released Wednesday 20 September that inflation is likely to speed-up and growth will stay around the long-term average.
Central banker of the year announced
Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.
GCC central bank to be based in Abu Dhabi
The GCC states have already agreed to base the new GCC central bank in Abu Dhabi, a report said.
China adds other currencies to reserves
Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE), said in an article carried in the latest issue of the Emerging Markets magazine that China has cut the proportion of US dollars assets in its foreign exchange reserve in recent…
ECB's Weber not worried on Iran reserves threat
A threat by the Central Bank of Iran to move its foreign exchange reserves out of dollars into other currencies, notably the euro, should not necessarily be a cause for concern, European Central Bank Governing Council member and Bundesbank President Axel…
ECB's Liikanen sees 'challenge' to cut inflation
Bringing eurozone inflation back down to the European Central Bank's target level of 2 pct or lower will be "a challenge", even over the medium term, said ECB governing council member Erkki Liikanen in an interview published Tuesday 19 September.
Hedge funds take backseat to Asian central banks
According to this article from Bloomberg, published Friday 15 September, hedge funds are taking a backseat to Asian central banks.
China making progress on FX reforms says Zhou
China's foreign exchange reforms have made "significant progress," though the impact will be seen over time, People's Bank of China governor Zhou Xiaochuan told fellow financial leaders on Tuesday 19 September.
Oman begins automated clearing
Oman's central bank has started its automated clearing house system for handling bulk electronic credit and debit transfers, according to the Oman Daily Observer.
Barker says MPC surprised by house price jump
Bank of England Monetary Policy Committee member Kate Barker told the Daily Telegraph the recent jump in UK house prices has surprised the MPC.
Trustees for emerging markets holds first meeting
Members of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets held their inaugural meeting on Monday 18 September in Singapore. The discussions focused on a review of the Principles and their…
IMF members approve voting reform plan
The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.
Murdered Russian banker may have had phone tapped
The BBC Monitoring Service on Saturday 16 September reported a translation of a story on Russian NTV which said murdered Russian central banker Andrey Kozlov may have had his phone tapped and that up to tem people could have been involved in the killing.
Draghi says Italy can beat euro growth
Bank of Italy governor Mario Draghi told reporters on Sunday 17 September he felt that Italy's economy could grow far more strongly than its European partners.
Gonzalez-Paramo says ECB 'strongly vigilant'
European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said on Monday 18 September that eurozone interest rates were low and the ECB was strongly vigilant over risks to inflation.
Govt and RBA reaffirm policy
Treasurer Peter Costello and Reserve Bank of Australia governor Glenn Stevens, who began his term on Monday 18 September, have reaffirmed the government's agreement with the RBA on monetary policy.
G7 positive on prospects for world economy
Global growth is on track despite risks from high oil prices and other threats, finance chiefs from the Group of Seven industrialized nations said Saturday 16 September.
Fukui says risks will be assessed cautiously
Bank of Japan governor Toshihiko Fukui said Friday 15 September the central bank will cautiously monitor various risks before taking further policy actions in its current credit-tightening cycle.
Summers: Central banks should make reserves work
Developing countries hold $2 trillion in excess reserves, but make almost no profit on the money, former U.S. Treasury secretary Lawrence Summers said on Thursday 14 September.
King plays straight bat in central bank talk
According to a study published Thursday 14 September by stockbroker ICAP Australia, the Reserve Bank of Australia's governor is easier to understand than his US peer, but both lose out to Mervyn King.