News
Bank of Portugal sold 15 tonnes of gold recently
The Bank of Portugal said on Tuesday 4 July that it has sold 15 tonnes of gold from its reserves in the last few months.
Decoding Fed's statements requires experts
According to this article published Sunday 2 July, trying to decipher the Federal Reserve's policy statements can be like trying to understand hieroglyphics.
Former SARB deputy governor to advise Mboweni
The Reserve Bank of South Africa said Monday 3 July that governor Tito Mboweni has appointed former deputy governor Xolile Guma as his special adviser.
Sri Lanka's new governor to protect independence
Sri Lanka's newly appointed central bank governor said on Monday 3 July that he will promote the independence of the institution, which has come under fire in recent years.
China announces new appointment to PBOC
The BBC Monitoring Service on Tuesday 4 July reported the text of a report by official Chinese news agency Xinhua saying that China's State Council recently appointed Liu Shiyu as vice governor of the People's Bank of China.
Japanese cabinet minister backs BOJ rate hike
Japan's Economic and Fiscal Policy minister Kaoru Yosano told public broadcaster NHK conditions are being met for an imminent rate hike by the Bank of Japan.
UAE central bank set to enter the gold market
According to this article published Monday 3 July, the United Arab Emirates central bank will soon enter the gold market and also purchase euros as a diversification of the national currency reserves presently held in US dollars.
Riksbank united on rate increase, minutes show
The board of the Swedish Riksbank was unanimous in its 19 June decision to hike the repo rate by 25 basis points to 2.25 pct, according to the minutes of the monetary policy meeting published Monday 3 July.
Fed's 17th increase leaves India with no choice
According to this article published Monday 3 July by Bloomberg, the Reserve Bank of India cannot afford to skip another quarter-point increase in July, with the Federal Reserve boosting rates last week.
Reserve Bank of New Zealand increase cash reserves
The Reserve Bank of New Zealand said on Friday 30 June it would increase the level of liquidity in the money market, but added that did not signal a change in monetary policy.
Have central banks sown the seeds of the next bust
In an article published Monday 3 July, Stephen Roach of Morgan Stanley says he is increasingly worried that history will not treat the recent record of central banking kindly.
Report says BOJ likely to start raising rates
The Bank of Japan is expected to start raising interest rates this month or next, a news report said Monday 3 June.
Mishkin nominated to Fed board
US president Bush nominated Frederic Mishkin, a professor at Columbia University, to join the Federal Reserve Board on Friday 30 June.
NBP's Balcerowicz critical of extending powers
In the opinion of National Bank of Poland (NBP) head Leszek Balcerowicz, proposals to amend the NBP Act could lead to exerting political pressure on the institution, Polish News Bulletin reported.
Fed raises rates, suggests may be nearing end
The Federal Reserve raised US interest rates to the highest point in more than five years Thursday 29 June and suggested the rate hike cycle may be nearing the end.
Nigeria removed from FATF list
In an announcement issued on Friday 23 June the Financial Action Task Force (FATF) announced that Nigeria has been removed from the Non-Cooperative Countries and Territories (NCCT) list.
Iceland appoints new central bank governor
Ingimundur Fririksson was appointed governor of the Central Bank of Iceland on Thursday 29 June.
Fukui, would-be Greenspan of Asia, replaceable
According to this article from Bloomberg published Friday 30 June, Bank of Japan governor Toshihiko Fukui was urged to become the "Greenspan of Japan, if not Asia" soon after he began running the BOJ in 2003.
Fischer plans radical bank restructuring
Bank of Israel governor Stanley Fischer has announced a major structural reorganisation of the bank, according to this article by Haaretz, published Friday 30 June.
Bank of Japan may ban staff investment
A Bank of Japan panel decided Friday 30 June to recommend that the central bank ban its executives from investing in private funds, Kyodo News agency reported.
When facts change, central bank intentions should
According to this article published by the Financial Times on Wednesday 28 June, by Francesco Giavazzi and Charles Wyplosz, the Bank of England, which once pioneered transparency and innovative communication, is trailing behind other central banks.
Fed views on U.S. inflation targeting
This article from Reuters, published Wednesday 28 June, provides summaries of views voiced by Federal Reserve policy-makers on the merits of stated numerical inflation targets.
BoE's King criticises MPC appointment process
Bank of England governor Mervyn King on Thursday 29 June took aim at the "very much last minute" way in which members were appointed to the Monetary Policy Committee by Chancellor of the Exchequer Gordon Brown.
Fernandez Ordoez nominated as Bank of Spain chief
Spain's finance minister, Pedro Solbes, proposed Miguel Angel Fernandez Ordonez as the new governor of the Bank of Spain on Wednesday 28 June.