News
Padoa-Schioppa named as Italian econ min
Romano Prodi, Italy's incoming centre-left prime minister, on Wednesday 17 May named "a team and not a collection of prima donnas" which included former European Central Bank board member Tommaso Padoa-Schioppa as economy minister.
Suranyi mentioned as next NBH governor
According to Hungarian broadsheet Nepszabadsag, as well as Reuters, which cited a source in the ruling Socialist Party, the most likely next Governor of Hungary's central bank (NBH) is Gyorgy Suranyi.
Central banks are overshooters
It is the human condition to overshoot, especially on food and drink. But according to this article published Monday 15 May, central bankers can overshoot with the best of them too.
Banks shift reserves, pressuring the dollar
Central bankers from Stockholm to Dubai, seeking shelter from the falling dollar, may help weaken it further, according to this article published Monday 15 May.
Macroeconomic policy challenges conference, Oct 06
The South African Reserve Bank invites you to attend its conference on Macroeconomic Policy Challenges for South Africa to be held from 22 - 24 October 2006.
ECB not worried by dollar weakness says Liebscher
The European Central Bank is unperturbed by the dollar's current weakness and may still proceed with an interest rate increase next month, Austrian central bank chief Klaus Liebscher said in a newspaper interview published Tuesday 16 May.
EU vetoes Lithuanian euro entry, endorses Slovenia
This article published Tuesday 16 May reports news that the European Union has turned down Lithuania's bid to adopt the euro, the first time a nation has been rejected since the common currency's creation in 1999. However, Slovenia has got the nod of…
No set course for rates says ECB's Noyer
Bank of France governor Christian Noyer said on Tuesday 16 May that the European Central Bank has not decided on a predetermined direction for eurozone interest rates and will consider the economic data.
How bold a move from the ECB?
According to this article published Friday 12 May, a rate increase at the European Central Bank's upcoming meeting is almost certain, with estimates ranging between 25 and 50 basis points.
FX reserves, US deficits and global imbalances
This article published Thursday 11 May provides detailed information on foreign reserve holdings. Global reserves continue to mount this year, it says, amid renewed downward pressure on the U.S. dollar and a fresh rise in oil prices.
Euro critical when Issing goes missing?
Sunday 14 May's Frankfurter Allgemeine Sonntagszeitung contained a portrait of ECB chief economist Otmar Issing under the headline "The preacher". Without Issing the euro could weaken considerably, it said.
How Bernanke's rate hikes could slam China
According to this article published Monday 15 May, China is realising the power of Federal Reserve chairman Ben Bernanke on its way to ruling the global economy.
BoE's new money market framework
The Bank of England published on Monday 15 May the lists of banks and building societies participating at the launch of its new framework for implementing the Monetary Policy Committee's interest rate decisions.
Turkmenistan's central bank chief sacked
The Turkmen president on Saturday 13 May sacked the central bank governor on national television, saying he should go and become a teacher, according to Reuters.
Economist says yuan should be allowed to rise 5%
China has to speed up the pace of yuan appreciation to 5 percent for this year and ease its huge foreign exchange surplus if it wants to keep domestic bank lending under control, government researcher Zhu Baoliang told reporters on Monday 15 May.
RBM to lose 100 staff - report
About 100 people have been earmarked for retrenchment at Reserve Bank of Malawi (RBM) following the central bank's decision to outsource some of its services, The Daily Times reported on its website.
Richmond Fed welcomes chief HR officer
Tammy H. Cummings will join the Federal Reserve Bank of Richmond as vice president of human resources for the Fifth District, effective 15 May.
China needs more central bank independence - IMF
A new paper from the International Monetary Fund says that China should adopt an explicit, long-run inflation objective, strengthen its banking sector, and give its central bank operational independence.
ECB pledges price stability, oil risks worsen
The article "ECB bankers pledge price stability, oil risks worsen" published Thursday 11 May says that the oil shock threatens to push up core inflation in the eurozone, a danger the European Central Bank ignores at its peril.
Hungary's Jarai calls budget 'undisciplined'
Hungary's central bank governor launched a strongly worded attack on the budgetary management of Hungary's socialist prime minister, Ferenc Gyurcsany on Thursday 11 May.
BoE's Walton sees more confidence in economy
Bank of England Monetary Policy Committee member David Walton was quoted on Friday 12 May as saying that policymakers are confident that the UK economy has clearly emerged from a soft patch early last year.
Chinese economists want increased gold reserves
Some Chinese economists are urging the government to increase its gold reserves to 2,500 tons from the current 600 tons because the country's foreign exchange reserves had become the world's largest, an official industry newspaper reported this week.
Turkey to stick with floating lira
The governor of Turkey's central bank said Friday 12 May that the bank would maintain its floating currency system but was closely monitoring foreign currency market developments, the Anatolia news agency reported.
Shabibi says Iraq's reforms are on track
The governor of the central bank of Iraq said on Thursday 11 May that solid progress was being made in reforming the country's financial sector despite ongoing disruptions and that enough reserves existed to defend the currency.