News
FMC report shows Fed governors get richer
The Federal Reserve Board's governors have grown steadily richer in the last year as President George Bush's appointments have reshaped the board of governors, research by the Financial Markets Center shows.
Murder won't disrupt central bank's work-Ignatiyev
The Russian central bank is working as usual despite the murder of First Deputy Chairman Andrei Kozlov, chairman of the Russian Central Bank Sergei Ignatiyev told Russian President Vladimir Putin at a meeting on Friday 15 September.
SEA-LAC central bank governors' meeting begins
Central Bank Governors from South East Asia (SEA), Latin America and the Caribbean (LAC) gathered Friday 15 September for the first time in Kuala Lumpur, for the inaugural SEA-LAC Central Bank Governors' Meeting.
Turkish central bank could move to Istanbul
"It would take a new law to move the Central Bank of Turkey from Ankara to Istanbul. If the parliament approves such a draft law, the central bank moves to Istanbul," Turkish central bank governor Durmus Yilmaz has said.
Russia's central bank deputy shot dead
Andrei Kozlov, the central bank of Russia's first deputy chairman, died in hospital hours after he was shot on Wednesday 13 September.
China plans national financial regulator
China plans to set up an agency to link regulatory efforts by the central bank, market watchdogs and other monitors, a deputy finance minister said Wednesday 13 September.
PBOC's Su says yuan flexibility to increase
China will continue to increase the flexibility of the yuan exchange rate and provide more derivative products to allow companies to hedge their currency risk, a vice-governor of the People's Bank of China said.
ECB alert to inflation danger - Trichet
European Central Bank president Jean-Claude Trichet said in an interview due for release on Friday 15 September that the ECB bank remains on the alert about euro zone inflation dangers.
Prime Tass to publish Russian central bank data
The Prime Tass economic news agency has won the right to publish and distribute the Central Bank of Russia's periodicals, the Bank's Public Relations Department reported on Tuesday 12 September, quoting a decision of the contest commission.
Tietmeyer may become 'God's banker'
According to the Catholic News website, Pope Benedict has sounded out former Bundesbank president Hans Tietmeyer for the key post as head of the Institute for Religious Works, better known as the Vatican Bank.
Market stable after rate hike, BOJ minutes show
Bank of Japan board members agreed in minutes released Wednesday 13 September that the money market had been stable after it raised interest rates in July for the first time in six years.
Minutes: Riksbank unanimous on Aug 29 rate hike
The minutes from the Riksbank's 29 Aug monetary meeting released Tuesday 12 September showed the board was unanimous in its decision to hike the repo rate 0.25 percentage points to 2.50 pct.
SF Fed's Yellen says rates may have to go up
Federal Reserve Bank of San Francisco President Janet Yellen reiterated Tuesday 12 September her concerns about inflation, and again said now is a time for policy makers to gauge how past interest-rate hikes are affecting the economy.
Mizuno says BOJ to gradually lift rates
Bank of Japan board member Atsushi Mizuno said in an interview published Wednesday 13 September policy makers remain committed to gradually raising interest rates even after recent signs of slower economic growth.
Comment on central banking
The Financial Times published three interesting articles on Tuesday and Wednesday 13 September, including a piece on the IMF by Rachel Lomax and Tiff Macklem.
Calls for independence for Yemen's central bank
The Yemen opposition alliance has called for the formation of a national committee for supervising the central bank and oil revenues after being accused by President Ali Abdullah Saleh of planning to steal the country's assets.
China's Zhou says currency reserves 'enough'
People's Bank of China Governor Zhou Xiaochuan told reporters on Monday 11 September that policy makers might want to curb foreign-exchange reserves.
Eurozone's Juncker wants end to Trichet spat
Eurozone finance ministers and the European Central Bank should end their public spat, Luxembourg's Prime Minister Jean-Claude Juncker said in an interview published in The Financial Times.
Interview with Central Bank of Iran's Mojarad
In an interview with Dow Jones published Saturday 9 September, the Central Bank of Iran's vice governor Mohammad Jafar Mojarad said it will be difficult for the west to impose sanctions on Iran given its key role as a major oil exporter.
Report says G7 forex section still undecided
Ministers of Group of Seven leading nations have yet to decide the wording on currency policy at their upcoming summit, Kyodo news reported Tuesday 12 September citing a draft of the final statement.
IMF says risk of 'disorderly' drop in dollar
A ``disorderly'' drop in the dollar is the biggest risk to world financial markets, the International Monetary Fund said Tuesday 12 September.
Macfarlane disappointed by election comments
The Reserve Bank of Australia believes the Coalition's 2004 election promise to keep interest rates lower than Labor compromised the independence of the central bank in the minds of many voters.
ECB's Stark says inflation expectations may rise
European Central Bank executive board member Juergen Stark said in an interview he sees a risk that inflation expectations will rise if the market thinks the ECB is tolerating an inflation rate above 2 pct.
Bernanke doesn't rule out hard landing for China
Federal Reserve chairman Ben Bernanke said in a letter released on Friday 8 September that chances of an economic crisis in China were low, but that the chances of a "hard landing" for the economy could not be ruled out.