News
China's reserves making 'impressive' return
The return on investment from China's forex reserves is "impressive", a former central bank official was quoted as saying in the official Shanghai Securities News.
Slovak parliament approves NBS vice-governor
Slovakia's parliament approved the nomination of current Deputy Finance Minister Vladimir Tvaroska, 34, as the new vice-governor of the Slovak central bank (NBS) on 16 March.
BoJ's Iwata says price goal will anchor inflation
Bank of Japan deputy governor Kazumasa Iwata said on Friday 17 March that the central bank's decision to set a medium-term inflation goal of 0-2 pct will help anchor inflation expectations and lower risk premia on Japanese securities.
Poll shows BoK employees favour Lee Seong-tae
Nearly half of the Bank of Korea's staff believe the BoK's vice head Lee Seong-tae is the best candidate for its next governor, a poll reported by Asia Pulse said.
Richmond Fed promotes branch officer
The Federal Reserve Bank of Richmond has announced that Steven T. Bareford has been named assistant vice president, Banking Supervision and Regulation, effective April 1, 2006.
Fukui rules out early BoJ rate rise
Toshihiko Fukui, governor of the Bank of Japan, sought to lower expectations on Thursday 16 March that an early interest rate rise would follow the end of the BoJ's ultra-loose monetary policy last week.
Norges Bank increases interest rates by 0.25%
Norges Bank's Executive Board decided on Thursday 16 March to raise the sight deposit rate by 0.25 percentage point to 2.50 per cent with effect from 17 March.
SNB hikes rates as expected
The Swiss National Bank (SNB) raised interest rates by 25 basis points on Thursday 16 March, saying that the economy is gaining further momentum and is becoming increasingly broad-based.
Bernanke says derivatives make economy resilient
Federal Reserve Chairman Ben Bernanke said in a response made public on Wednesday 15 March to a senator's question that derivatives were being well-managed and had bolstered the US economy's resilience to shocks in recent years.
Fukui sees continuity with Bernanke Fed
Bank of Japan governor Toshihiko Fukui said Thursday 16 March that Federal Reserve chairman Ben Bernanke seems inclined to carry on the general policy direction of former Fed chief Alan Greenspan.
Trichet says euro zone growth around 2%
European Central Bank president Jean-Claude Trichet said in an interview to be published Thursday 16 March that survey data suggests the euro zone economy will grow at its potential rate of around 2 pct.
Fed's Bernanke 'concerned' over budget deficit
Federal Reserve chairman Ben Bernanke said he was concerned about the U.S. budget deficit, noting in a letter released Tuesday 14 March that an aging population is going to increase pressure on the budget.
Rato sees world growth beating IMF forecast
According to the International Monetary Fund's managing director, world economic growth this year will exceed the current forecast of 4.3 percent thanks to a recovery in Europe and Japan.
BoJ's Muto says price range is not target
Bank of Japan deputy governor Toshiro Muto said on Wednesday 15 March that although the BoJ has a price stability range of between 0-2 percent rises in consumer prices, this does not mean the central bank will keep rates at zero until inflation tops that…
Japan's Abe wants BoJ zero rate to stay
Shinzo Abe has urged the Bank of Japan to keep interest rates at almost zero per cent until the economy has fully emerged from deflation. Meanwhile, Kaoru Yosano also said on Wednesday 15 March that there is no gap between the government and the BoJ in…
Polish finance minister defends NBP
I was, am and will be for an independent central bank, Polish Finance Minister Zyta Gilowska announced on Tuesday 14 March in Brussels, according to the PAP News Agency, when asked about recent political controversies around the Polish central bank (NBP).
EU's Almunia backs NBP independence
EU economic and monetary affairs commissioner Joaquin Almunia strongly supported the independence of the Polish central bank.
BoJ minutes show two opposed target
Two of the Bank of Japan's nine board members in January opposed disclosing the bank's target for stable prices, according to minutes of the board's Jan. 19-20 policy meeting released in Tokyo.
Bank of Japan to revamp its website
With the aim of further enhancing web site usability, the Bank of Japan said on Tuesday 14 March it will renew its website effective from March 20, 2006.
NY Fed welcomes derivatives commitments
The Federal Reserve Bank of New York said on Monday 13 March it welcomes the new commitments by 14 major market participants to continue their progress toward improving the infrastructure that supports the credit derivatives markets.
Basci named acting central bank governor
Turkey's central bank vice governor Erdem Basci has been appointed acting governor of the institution, following the end of Sureyya Serdengecti's term as governor, Turkish Daily News reported.
China's Premier rules out sudden yuan move
China's Premier Wen Jiabao has ruled out a sudden revaluation of the yuan, telling parliament that the country will let the market determine currency rates.
Preliminary report on security of banknote storage
Sir John Gieve, Deputy Governor of the Bank of England, on Friday 10 March delivered to Mervyn King, the Governor, his confidential preliminary report on the security of banknote storage.
Riksbank to publish three Inflation Reports a year
At its meeting on Thursday 9 March the Executive Board of Sweden's Riksbank decided that in future three Inflation Reports would be published a year instead of the current four.