News
Single central bank an option for Caricom
An economist has said that a single central bank is an option worth exploring within the Caribbean Community (CARICOM).
Fukui: 'I am very very sorry'
Bank of Japan chief Toshihiko Fukui apologised to the nation Tuesday 20 June and said he would take a 30% pay cut for six months. He also said the bank has set up a committee to review rules for its officials' assets.
Poll result says Fukui should quit
Nearly half of the respondents to a poll by Kyodo News Service said Bank of Japan governor Toshihiko Fukui should step down from his position, the news agency reported.
Summers against inflation targets
Former US treasury secretary Lawrence Summers said on Friday 16 June that the Federal Reserve should not adopt any explicitly rule-based monetary policy regime.
BOJ's Noda sees turning point for economy
Tadao Noda, the most recent member of the Bank of Japan's policy board, said on Monday 19 June that Japan's economy and monetary policy are at a "turning point."
BOJ urged to strengthen rules
Japanese ruling and opposition lawmakers called on the Bank of Japan on Sunday 18 June to introduce asset disclosure rules following the BOJ chiefs admissions to holding a scandal-tainted investment.
Hoenig says imbalances spell slow-motion crisis
The United States faces a "growth crisis over time" from its large and persistent current account balance, Thomas Hoenig, president of the Kansas City Federal Reserve Bank, said on Friday 16 June.
Interview with SNB's Hildebrand
In an interview with Swissinfo, published on Thursday 15 June, Swiss National Bank governing board member Philipp Hildebrand said the recent interest rate increase is unlikely to be the last.
Fukui earned 'some million yen' from Murakami fund
Bank of Japan governor Toshihiko Fukui said Friday 16 June that he made millions of yen in profit from his investment in the fund of Yoshiaki Murakami that prompted some calls for his resignation.
Bank of Japan scandal last thing Japan needs
According to this article by Bloomberg, published Friday 16 June, the Bank of Japan risks getting in the way of an economic recovery again, with a political scandal.
Fed's Kroszner says inflation is less comfortable
Federal Reserve governor Randall Kroszner said on Thursday 15 June that broad measures of U.S. inflation are rising to less comfortable levels and the Fed will keep monitoring price pressures.
Reserve Bank of Fiji chooses LogicaCMG system
The Reserve Bank of Fiji (RBF) has contracted with LogicaCMG for the supply and implementation of an interbank real time gross settlement (RTGS) platform.
Juncker issues icy reply to Trichet
Jean-Claude Trichet, the European Central Bank president, has been sharply criticised by Jean-Claude Juncker, Luxembourg's prime minister, in an interview with Financial Times Deutschland, for refusing to discuss strengthening economic co-operation…
EU confirms Slovenia's 2007 euro entry
EU leaders ended their spring summit Friday 16 June by welcoming Slovenia as the 13th member of the euro single currency.
Letter to the FT from Irma Rosenberg
In a letter published by the Financial Times on Thursday 15 June, Irma Rosenberg of the Swedish Riksbank says inflation targeting as practised by many central banks has undoubtedly been very successful.
Official: China banks must improve risk management
China's commercial banks need to improve their risk management and internal controls, the official Financial News reported, citing a senior official with the central bank's investment arm, Central Huijin.
Central banks to add MBS, agencies, gold
According to this article by Reuters, published Wednesday 14 June, central banks are planning to diversify foreign reserves away from US government debt into higher-yielding assets, including mortgage bonds.
BOI tops public servant 'fat cat' list
This article from The Jerusalem Post, published Tuesday 13 June, quotes a report from the Wage Supervisor's Office 2004 annual report as saying that senior Bank of Israel staff accounted for the top 14 most highly paid public servants.
Zhou: China to reconsider financial service limits
People's Bank of China governor Zhou Xiaochuan told a banking conference in Beijing that China needs to reconsider regulations limiting the range of services banks and other financial institutions can offer.
Fukui says reserve level reduction nearly complete
Bank of Japan governor Toshihiko Fukui said Thursday 15 June that the reduction in the level of banks' current account reserves at the BOJ is nearly complete.
HKMA announces formation of AML Working Group
The Hong Kong Monetary Authority announced Tuesday 13 June the formation of the Industry Working Group on Prevention of Money Laundering and Terrorist Financing. Functions include encouraging the sharing of AML experiences and techniques among authorised…
New global note arrangement for debt securities
The ECB confirmed Monday 12 June that the so-called New Global Note (NGN) arrangement for international debt securities is in compliance with the Eurosystem's Standards for the use of EU securities settlement systems in ESCB credit operations.
Bernanke says world better with flexible yuan
Federal Reserve chairman Ben Bernanke said on Monday 12 June both China and the world economy would be better off if China allowed the value of its yuan to be determined by a more flexible, market-determined system.
Meirelles: Brazil's CPI expectations 'anchored'
Brazil's central bank president Henrique Meirelles has said inflation expectations among investors are "well anchored" in Latin America's biggest economy.