News
Central bank's focus should be on growth
According to this opinion piece from The Jakarta Post, published Monday 10 July, Bank Indonesia should start concentrating on issues of how it is going to use its monetary policy to spur further economic growth.
Bomb explodes near Iraqi central bank
A bomb exploded near Iraq's central bank in central Baghdad on Monday 10 July, killing several people, Reuters reported.
Crisis prevention in emerging markets
In the run up to the IMF-World Bank Annual Meetings in September 2006, the IMF and the Singapore Government have organized a high-level seminar on Crisis Prevention in Emerging Market Economies on July 10-11, 2006 in Singapore.
Japan ruling party backs ending BoJ rate policy
The Bank of Japan has received clear backing from the ruling Liberal Democratic Party on its plans to end the current zero interest rate policy.
Juncker says ECB 'pointing' to rate rise
Euro group president Jean-Claude Juncker said Monday 10 July the European Central Bank has been signalling that it will raise interest rates again before long.
Too much secrecy in appointing the Bank's MPC
Writing in the Financial Times on Friday 7 July, UK shadow chancellor George Osborne says the appointment process to the Bank of England's Monetary Policy Committee has been brought into sharp focus with the MPC down to seven of its full complement of…
Serbia's Jelasic says banks want to fight NBS
In a recent interview, Radovan Jelasic, governor of the National Bank of Serbia (NBS), says he would be very happy if the NBS did not have to make so many monetary policy decisions, because they are very costly.
Russia and Belarus ready for single currency
The central banks of Belarus and Russia will be ready for the planned introduction of a single currency in 2008, Russia's central bank chief Sergey Ignatyev said in Belarus on Thursday 6 July.
EU Parliament wants information on SWIFT
The European Parliament adopted a resolution on Thursday 6 July asking EU governments, the Commission and the European Central Bank to explain what they know about the SWIFT agreement.
ECB considers new securities settlement service
The European Central Bank said Friday 7 July it is considering setting up a new service for securities settlement in the eurozone. Through the new system, the ECB said it aims for synergies and harmonized settlement of securities transactions in the euro…
Sao Tome central bank has new governor
The Central Bank of Sao Tome and Principe has a new governor, according to the macauhub website. Arlindo Carvalho, was reported to have taken office this week, and was quoted as saying he will give priority to increasing corporate confidence and…
Trichet gives strong hint on August rate rise
European Central Bank president Jean-Claude Trichet said Thursday 6 July that the ECB governing council will meet in person on 3 August rather than by teleconference, as it normally does for its early August policy meeting.
Europe suffers worrying wave of financial chaos
According to this article published Wednesday 5 July by Bloomberg, Europe is increasingly encircled by financial woes. Emerging markets are being hit by a wave of selling, sending currencies falling and interest rates jumping.
Morgan Stanley economist linked to BoE post
AFX News reported on Thursday 6 July that David Miles, managing director and chief UK economist at Morgan Stanley, has been approached to join the Bank of England's Monetary Policy Committee.
Panel recommends BOJ disclosure rules
An advisory panel on Thursday 6 July recommended that the Bank of Japan should require its top officials to disclose personal financial assets.
BOJ will conduct appropriate policy for economy
Bank of Japan governor Toshihiko Fukui reiterated on Thursday 6 July that the central bank will implement appropriate monetary policy by fully checking economic and price conditions.
Interview with Central Bank of Russia's deputy
In an interview published on Thursday 6 July, Central Bank of Russia deputy chairman Konstantin Korishchenko told Prime-Tass Russia's inflation rate is increasingly dependent on international capital flows.
RBNZ issues Statement of Intent
The Reserve Bank of New Zealand released its Statement of Intent (SOI) for 2006-2009 on Wednesday 5 July. The SOI recognises increasing demands on the Bank's policy outputs in a changing economic environment.
BOJ to bar private funds holdings - report
The Bank of Japan plans to prohibit its senior officers from trading in stocks and holding stakes in private investment funds, the Nihon Keizai Shimbun reported Wednesday 5 July, without identifying any sources.
RBNZ releases Explaining Currency booklet
The Reserve Bank of New Zealand on Monday 3 July released a third edition of its popular Explaining Currency booklet. The booklet takes readers through the history of New Zealand's currency, describes the banknote and coin designs, and how banknotes and…
RBZ's Gono sees 'dramatic' economic recovery
Zimbabwe's struggling economy is set for a "dramatic" recovery in the next two to three years on the back of expected growth in mining and commercial farming, central bank governor Gideon Gono said in an interview with Reuters on Wednesday 5 July.
Soccer star Kewell could transfer to RBA
A recent poll of business leaders and economists, reported by The Age, shows that Reserve Bank of Australia deputy governor Glenn Stevens is the most preferred candidate to succeed governor Ian Macfarlane.
Myanmar moves central bank headquarters
The Central Bank of Myanmar on 5 June moved its headquarters to Naypyidaw, the new administrative capital, The Myanmar Times reported.
Turkish PM says central bank fulfilling duties
Turkish Prime Minister Recep Tayyip Erdogan indicated in a speech that Turkey's central bank was fulfilling its tasks.