News
Mersch says ECB ready to raise rates again
With inflationary pressures evident in the eurozone, the European Central Bank stands ready to raise interest rates again whenever necessary, Governing Council member Yves Mersch said at the presentation of the Luxembourg central bank's annual report.
Senate backs Kohn's Fed nomination
The Senate Banking Committee on Wednesday 14 June approved the nomination of U.S. Federal Reserve governor Donald Kohn to be vice chairman at the central bank, sending it to the full Senate for a final vote.
China appoints new central bank vice-governor
China's state council has named Liu Shiyu, the former assistant to the governor of the People's Bank of China, as the new central bank vice-governor.
Buba's Meister warns on Euronext/NYSE plans
Bundesbank Executive Board member Edgar Meister said in an interview that a merger between Euronext NV and the New York Stock Exchange would stop the process of integration in the financial markets of Europe, and could possibly disrupt it for a longer…
Trichet is right to be nervous about inflation
According to this article by the Financial Times, published Monday 12 June, Jean-Claude Trichet and his ECB colleagues are nervous about inflation and rightly so.
Fukui says BoJ will 'carefully watch' markets
Bank of Japan governor Toshihiko Fukui told a parliamentary hearing on Tuesday 13 June that the central bank will "carefully watch" the impact of financial markets on the real economy.
Clearly, Greenspanese isn't his language
According to this article by The New York Times, published Sunday 11 June, Federal Reserve chairman Ben Bernanke has shown in recent comments that he knows how to send a message.
Koizumi: 'No problem' on Fukui quit calls
Japanese prime minister Junichiro Koizumi suggested Tuesday 13 June that there are no plans to replace Bank of Japan governor Toshihiko Fukui over his investment in the fund founded by Yoshiaki Murakami, who was arrested on suspicion of insider trading.
IMF admits double counting on gold
The IMF has released a paper that discusses the practice of double counting of gold reserves by central banks.
RBI's Reddy says monetary policy 'in sync'
Reserve Bank of India governor Y. V. Reddy said on Saturday 10 June that the recent increase in overnight interest rates was necessary so that India was not "out of sync" with the monetary developments in the world.
RBNZ publishes history book
The Reserve Bank of New Zealand history book 'Innovation and Independence: the Reserve Bank of New Zealand 1973-2002', was published by Auckland University Press on Monday 12 June.
Fed's Reinhart: Draw firm line on inflation
Top U.S. Federal Reserve staffer Vincent Reinhart said on Friday 9 June that experience tells us it is important to draw a firm line in the fight against inflation.
G8 express optimism on world economy
Finance ministers from the G8 nations predicted a year of strong economic growth on Saturday 10 June at a meeting in St. Petersburg.
BOZ appoints new spokesperson
The Bank of Zambia announced Monday 12 June that it has appointed Penlope Mapoma as it's Head of Public Relations.
BOJ's Iwata sees chance of sustained growth
Bank of Japan deputy governor Kazumasa Iwata said on Thursday 8 June that Japan's economy was moving from a period of deflation to normal growth.
Weber: Rate moves not subject to FX considerations
Bundesbank president and European Central Bank council member Axel Weber said Friday 9 June that the ECB cannot make interest rate decisions with reference to the level of the euro.
Senate likely to vote on Fed's Kohn June 14
The U.S. Senate Banking Committee will likely vote on the nomination of Federal Reserve Board Governor Donald Kohn to be vice chairman at the central bank on June 14, a spokesman was quoted as saying on Thursday 8 June.
Fed, under pressure, may go ahead with increase
According to this article by John Berry of Bloomberg, published Friday 9 June, Federal Reserve officials now seem likely to raise US interest rates later this month.
White House's Lazear: Stocks slide not alarming
Top White House economist Edward Lazear on Thursday 9 June played down concerns about recent declines in U.S. stock prices and weakness in the U.S. dollar.
Russia cuts US dollar holdings
Russia's central bank said on Thursday 8 June that it would cut its dollar reserves, while increasing its holdings of euros.
What did Bernanke say?
According to this editorial published Wednesday 7 June, Federal Reserve chairman Ben Bernanke is probably obsessed with central bank transparency.
Regime change?
According to this article by Steve Hanke, published 5 June 2006, in the months before the meetings of the International Monetary Fund and World Bank in April, the IMF appeared to be in its twilight.
ECB raises rates, sees further hikes ahead
European Central Bank president Jean-Claude Trichet said Thursday 8 June that the ECB is likely to raise interest rates again in future if the euro zone economy continues to recover.
Bank of Spain governor appointed to IMF post
The IMF said Wednesday 7 June it has appointed Bank of Spain governor Jaime Caruana as head of a new IMF department that will be responsible for all aspects of the Fund's financial, capital market and monetary work.