News
BNB's Quaden says further ECB rate rises likely
Belgian National Bank governor Guy Quaden, who is a member of the European Central Bank's governing council, told Le Soir another rise in eurozone interest rates cannot be ruled out.
ECB's Trichet sees robust global growth
European Central Bank president Jean-Claude Trichet told a G10 central bankers' news conference on Monday 11 September that the global economy is likely to continue to grow at a quite dramatic pace.
Riksbank's Persson not available for reappointment
Sveriges Riksbank deputy governor Kristina Persson, whose appointment to the Executive Board expires on 1 May 2007, has informed the General Council that she is not available for reappointment.
Report says Bernanke wants more democratic Fed
Federal Reserve chairman Ben Bernanke is trying to depersonalise the Fed by making its decision-making more democratic and easier to understand, The Wall Street Journal reported late on Friday 8 September.
Julio Velarde named head of Peru's central bank
Peru's president Alan Garcia has named Julio Velarde, president of the Latin American Reserve Fund, to head the Central Bank of Peru for the next five years.
China can bear 3-5 pct rise in yuan's value - SAFE
Chinese companies can bear a three to five pct rise in the yuan's value, a foreign exchange regulatory official told the China Economic Times.
Fukui says no need to change BOJ view on prices
Bank of Japan Governor Toshihiko Fukui said on Friday 8 September he saw no need to change the central bank's view on price trends in the wake of downward revisions to consumer price data.
China must address excess liquidity - Qiu
China must address the issue of excess liquidity that is driving strong credit and fixed asset investment growth in the country, Xinhua News Agency reported, citing Qiu Xiaohua, the head of the National Bureau of Statistics (NBS).
Trichet, Juncker warn on disorderly rate moves
European Central Bank president Jean-Claude Trichet has told a news conference that disorderly moves in exchange rates are negative for economic growth.
State Bank of Pakistan divided into four depts
In a bid to bring about improved performance in various departments, State Bank of Pakistan governor Dr. Shamshad Akhtar has divided the central bank into four departments.
St Louis Fed's Poole to cast Atlanta vote
Federal Reserve Bank of St Louis president William Poole will cast the Atlanta Fed's vote at the FOMC until a replacement has been found for its president, Jack Guynn, who retires on Oct. 1, the Fed said on Thursday 7 September.
Israel's Fischer backs 2007 budget plan
Bank of Israel governor Stanley Fischer expressed support Thursday 7 September of the budget framework presented by Finance Minister Avraham Hirchson the day before.
Belarussian central bank increases gold sales
The National Bank of Belarus increased sales of gold bars by 360% year-on-year to 802.9 kg in the first eight months of 2006, a source in the NBB's precious metals and stones department told Interfax.
Mersch - ECB to raise rates if growth as expected
European Central Bank monetary policy remains accommodative and should be tightened further if the eurozone economy grows as expected, ECB Governing Council member Yves Mersch said on Thursday 7 September.
BMA to be replaced by central bank
Bahrain has issued a law setting up a central bank, which replaces the Bahrain Monetary Agency, Trade Arabia reported Thursday 7 September.
RBNZ's museum opened Wednesday 6 September
The Reserve Bank of New Zealand announced Wednesday 6 September that its Museum will be officially opened tonight by Peter Hillary, on behalf of Sir Edmund Hillary, the only living New Zealander portrayed on New Zealand's bank notes.
Fed's Poole says US inflation under wraps
U.S. inflation is under control right now and the economy is unlikely to suffer from "cascading weakness," St. Louis Federal Reserve Bank President William Poole said in an interview on Tuesday 5 September.
Central Bank of Iceland introduces changes
Organisational changes went into effect at the Central Bank of Iceland on Friday 1 September, including the merger of two departments, the central bank said.
IMF's Rato sees 5% global growth in 2006
The global economy should maintain its strength this year, with growth likely at around 5 percent, IMF Managing Director Rodrigo Rato said on Tuesday 5 September.
EU may curb central banks on cross-border deals
EU internal market commissioner Charlie McCreevy wants to curb the power of central banks and national financial supervisory authorities to intervene arbitrarily in cross-border deals, the Financial Times reported Wednesday 6 September.
ECB's Weber says 2007 rate outlook open
European Central Bank council member Axel Weber told reporters in Frankfurt late on Tuesday 5 September that eurozone interest rates may have to rise next year.
Frederic Mishkin sworn in as Fed board member
Frederic S. Mishkin on Tuesday 5 September took the oath of office as a member of the Board of Governors of the Federal Reserve System.
ECB's Bini Smaghi calls for Italian pension reform
European Central Bank executive committee member Lorenzo Bini Smaghi in an interview called for an immediate pension reform in Italy.
Trichet says ECB's rate message is clear
European Central Bank President Jean-Claude Trichet said on Monday 4 September that his message on interest rates following last Thursday's policy meeting is clear.