News
Ghana's Acquah says economy is resilient
Dr. Paul Acquah, governor of the Bank of Ghana, said the real sector of the economy in the first half of the year was robust in spite of the rising petroleum prices and the effect on domestic fuel prices.
Israel's Fischer: conflict costing economy
Israel's conflict with Hizbollah is costing the economy up to 1 billion shekels a week and will push up the budget deficit by 0.6 percent this year, Bank of Israel governor Stanley Fischer said on Wednesday 3 August.
Surprise as Bank of England tightens early
The Bank of England raised interest rates by a quarter-point on Thursday 3 August, bringing the official bank rate to 4.75% after a year on hold.
ECB's Opinion on National Bank of Poland law
The European Central Bank on Thursday 3 August published an Opinion in which it expressed concern over proposed amendments to National Bank of Poland statutes which relate to changes in the composition of the Banking Supervision Commission.
IMF's Rato says Japan's deflation almost over
International Monetary Fund Managing Director Rodrigo de Rato said Thursday 3 August that "deflation has, by most measures, ended" in Japan.
Report says BOJ expenses overcharged
Bank of Japan employees allegedly padded travel costs by 100 million yen (US$870,000; euro680,000), Kyodo News agency reported.
The Old Lady can afford to be patient
According to this article by the Financial Times, published on Wednesday 2 August, there is a big difference between the predictability of the ECB's plans on Thursday, and the uncertainty surrounding the Bank of England's decision the same day.
BoJ will raise rates at slow pace
Bank of Japan policy board member Atsushi Mizuno said Wednesday 2 August that the central bank will raise short-term interest rates at a "slow" pace while cautiously watching economic and price situations.
Report says PBOC shifts focus to yuan defense
State media reported that the People's Bank of China is to change the way that it sells sterilization bills into the market, indicating a policy shift towards defense of the exchange rate.
Counterfeiters finally crack the Euro note
According to this article published on The New Zealand Herald's website on Wednesday 2 August, the amount of counterfeit currency discovered in the 12 euroland countries is now running at 600,000 notes a year - roughly the same as before the single…
Paulson says appreciation would benefit China
U.S. Treasury Secretary Henry Paulson joined Chinese officials on Tuesday 1 August in asking for faster gains to cool economic growth.
Gono's monetary policy unsound and ineffective
According to this article published by the NewZimbabwe website on Tuesday 1 August, the Zimbabwean economic meltdown is rooted in a crisis of political governance and legitimacy.
Malaysia appoints three new assistant governors
Bank Negara Malaysia announced Wednesday 2 August the appointment of three additional Assistant Governors, Dato' Mohd Nor bin Mashor , Puan Lillian Leong Bee Lian and Encik Gopala Krishnan Sundaram, effective immediately.
China to pursue greater flexibility - report
China is succeeding in slowing the momentum of money and credit growth but cannot afford to drop its guard, the official Xinhua news agency on Wednesday 2 August quoted the central bank as saying.
Words speak as loud as numbers for Bernanke's Fed
This article from Bloomberg, published Tuesday 1 August, notes that the Federal Reserve's 24-25 Oct FOMC meeting "will be expanded to two days to allow time for discussion of communications issues."
Greek banking sector "needs supervision"
According to the commentary 'Our banking sector needs supervision', published Saturday 29 July, by the Kathimerini, the Bank of Greece is shirking its supervision responsibility.
PBOC's Yi says China needs 'determination' on yuan
A senior People's Bank of China official has called for 'determination' on the part of the country to achieve its objective of making the yuan fully convertible.
Glenn Stevens appointed governor of the RBA
Australian Treasurer Peter Costello announced on Tuesday 1 August that Glenn Stevens has been appointed governor of the Reserve Bank of Australia for a term of seven years, with effect from 18 Sep.
Australia bank chief faces a tough debut
According to this article by Reuters, published Tuesday 1 August, new RBA governor Glenn Stevens is likely to upset politicians and Australia's heavily indebted homeowners, with his chief concern the control of inflation.
Jarai sees euro entry hopes unlucky before 2013
Hungary's central bank (NBH) governor Zsigmond Jarai said on Tuesday 1 August that Hungary's economy was not on the right track and that it has become questionable whether euro adoption could be possible even in 2013.
Greenspan ghost writer gives memoirs 'pace'
Dame Marjorie Scardino, chief executive of Penguin's parent company Pearson, said Monday 31 July that Alan Greenspan had agreed to allow a ghost writer to help to "make [his memoir] more pacey - because Alan is an academic".
Turkey's year-end inflation may double target
Year-end inflation in Turkey is likely to climb to 10.5 pct, double the official target of 5.0 pct, central bank governor Durmus Yilmaz said Friday 28 July.
RBI may keep rupee grip post convertibility
The Reserve Bank of India is unlikely to let the rupee off the leash even if the country opts for fuller capital convertibility, according to this article by Reuters published Thursday 27 July.
Bank of Italy adopts new statute
The Bank of Italy has approved a new statute proposed by governor Mario Draghi, La Stampa reported Friday 28 July. One new measure will see the directorate increasing from four to five members.