News
PBOC says China needs market system for currency
A People's Bank of China vice-governor said the correct value of the Chinese currency will not be determined until Beijing builds a system capable of fully reflecting supply and demand for the currency, Caijing magazine reported.
Buba's Weber says inflation risks remain
Bundesbank president Axel Weber told a conference on Monday 20 February that inflation risks still exist in the eurozone and a forward-looking monetary policy is needed to counter these risks at an early stage.
Chavez demands more BCV reserves
President Hugo Chavez' government has asked the Central Bank of Venezuela (BCV) for a new transfer of surplus official reserves to the executive branch.
Trichet sees strengthening eurozone economy
European Central Bank President Jean-Claude Trichet said on Monday 20 February he sees economic activity in the eurozone strengthening. He warned, however, that risks to price stability have increased.
Fed's Pianalto says growth, stability go together
Cleveland Fed president Sandra Pianalto said Thursday 16 February that the Federal Reserve's twin objectives of price stability and growth go hand in hand.
Senate panel approves Kroszner, Warsh to Fed
The Senate Banking Committee on Thursday 16 February approved the nominations of Randall Kroszner and Kevin Warsh to be members of the Federal Reserve's board of governors.
Bundesbank gold sale rule change dropped
The German government and the Bundesbank have agreed to end a long-running squabble over the use of Germany's gold reserves, the finance ministry announced.
Riksbank appoints new director of communications
At its meeting Friday 17 February, the Executive Board of the Riksbank appointed Pernilla Meyersson new Director of Communications.
Buba's Remsperger sees medium term inflation risk
Bundesbank chief economist Hermann Remsperger said in an interview that inflationary risks for the euro zone remain high in the medium term.
BOJ to keep 'accommodative' policy after shift
The Bank of Japan will maintain an ``accommodative'' policy stance even after it ends its five-year deflation-fighting policy Governor Toshihiko Fukui said.
BNB's Quaden sees rates as exceptional, temporary
Belgian National Bank governor Guy Quaden told a news conference on Thursday 17 February that the Eurozone's historically low interest rates "should be exceptional and temporary".
Balcerowicz concerned over NBP regulations
In an interview for the Gazeta Wyborcza daily, the president of the National Bank of Poland Leszek Balcerowicz, presented the central bank's standpoint on the Pekao-Bank BPH merger and ideas to broaden the responsibility of the NBP.
Bernanke: Greenspan speeches don't violate ethics
Fed chairman Ben Bernanke said his predecessor, Alan Greenspan, has not violated any central bank or federal government ethics rules as a result of his recent series of private speeches since leaving his post on 1 February
BOJ in critical period says Nishimura
Bank of Japan Policy Board member Kiyohiko Nishimura said on Thursday 16 February the central bank has entered a critical period for deciding on a policy move, but said it had not set any time frame for a shift.
Fed chief rules out mandate change
Ben Bernanke said he doesn't want Congress to change the Federal Reserve's mandate that it pay attention to both price stability and maximum employment or economic growth.
OECD's Gurria calls for global imbalances action
Washington and Beijing need to back their words with action, after pledging to deal with global economic imbalances, the incoming chief of the Organization for Economic Cooperation and Development said on Thursday 16 February.
Romania to keep 2006 inflation target
The National Bank of Romania this week published its third inflation report since adopting inflation targetting in August last year. Despite forecasts suggesting that inflation will overshoot the upper limit of this year's target, the central bank has…
Bernanke says more rate rises 'may' be necessary
Ben Bernanke told Congress on Wednesday 15 February that more US rate hikes "may" be necessary as the threat of higher inflation persists despite a year-and-a-half of steady tightening.
Fed nominees emphasise inflation control
The two nominees for the Federal Reserve Board, Randall S. Kroszner and Kevin M. Warsh, said on Tuesday 14 February, in testimony to the Senate Banking Committee that controlling inflation was the key to maintaining economic growth in the United States.
Fisher: Fed won't let inflation raise "ugly head"
Dallas Fed President Richard Fisher said on Tuesday 14 february that the Federal Reserve is committed to pursuing monetary policy that supports economic growth without higher inflation.
SADC central banks meet in Malawi
Central banks from the Southern Africa Development Corporation (SADC) region are meeting at Ryalls Hotel in Malawi's commercial city of Blantyre to devise new laws that would be used as a benchmark for the standardization of central banks.
PBOC rules out 2nd revaluation - reports
The People's Bank of China has ruled out a second revaluation of its currency, but plans broader reform of its interest rates, including a simplification of deposit rates, local media said on Wednesday 15 February.
Committee says Gieve fulfils BoE criteria
The UK Treasury select committee said Wednesday that new Bank of England Deputy Governor Sir John Gieve 'fulfils the criteria' for his new position.
EU's Almunia says Slovenia meets euro criteria
EU economic and monetary affairs commissioner Joaquin Almunia has said Slovenia stands alone as the only euro entry candidate that currently qualifies for membership of the single currency.