News
China's PBOC to control short-term foreign debt
Zhou Xiaochuan, governor of the People's Bank of China has said China will keep controls on short-term foreign borrowings and limit speculative activity even after it liberalises the capital account.
Blinder says no news is good news on Bernanke
In a comment piece published by the New York Times on Sunday 20 November, Alan Blinder suggests the national news media seem to find monetary policy less engaging than they did in 1979 or 1987.
New Crisis Management section on RBNZ's website
The Reserve Bank of New Zealand introduced a new section to its website on Friday entitled Crisis Management.
SNB governor visits Sweden's Riksbank
The Chairman of the Governing Board of the Swiss National Bank, Jean-Pierre Roth, was due to visit the Swedish Riksbank on 17 and 18 November.
Rato promotes central bank communication
IMF Managing Director Rodrigo Rato told a European Banking Congress in Frankfurt on Friday 18 November that central banks should communicate their monetary policy plans clearly to avoid disruptive shocks to financial markets.
Weber calls on China to exploit yuan flexibility
European Central Bank Governing Council member Axel Weber said in an interview on Friday 18 November that China should use the extra flexibility that July's currency liberalisation provided.
Fukui doesn't rule out inflation target
Bank of Japan Governor Toshihiko Fukui said Friday that the possibility of Japan adopting an explicit inflation target as a monetary policy tool cannot be ruled out.
King sees no bloc vote on MPC
The Bank of England's Monetary Policy Committee members do not vote as a bloc on interest rates, Bank of England Governor Mervyn King said on Thursday 17 November.
Russian central bank plans large job cuts
The Bank of Russia, the biggest employer among the world's central banks, will cut thousands of jobs in the coming year, a deputy chairman said on Friday 18 November.
Bernanke gives Fed an explicit inflation target
According to this article published Thursday 17 November, the Federal Reserve now has an explicit inflation target because incoming chairman Ben Bernanke has suggested a preference for a 1 to 2 percent rate.
Herve Hannoun appointed BIS Deputy General Manager
The Board of Directors of the Bank for International Settlements (BIS) have announced the appointment of Herve Hannoun as Deputy General Manager for a five-year term.
Zimbabwe's Gono probed over forex scam
Reserve Bank of Zimbabwe chief Gideon Gono has been pulled into a scandal in which Finance Minister Herbert Murerwa and chief government revenue collector, Gershem Pasi, are alleged to have swindled the state of millions of dollars in foreign currency.
Putin nominates Russia's Ignatyev for new term
Russian President Vladimir Putin has nominated Sergei Ignatyev for a second four-year term as Central Bank chairman, the presidential press service has said.
Trichet gives strong hint on ECB rate rise
Speaking at the Frankfurt European Banking Congress on Friday 18 November the president of the ECB provided a much more explicit hint than he has on the need for an imminent rise in eurozone interest rates.
UAE central bank to host financial conference
The UAE Central Bank will organise a regional conference between November 19 and 21 on "investigating and prosecuting advanced financial crimes", in collaboration with the US Department of Justice and Middle East North Africa Financial Action Task Force.
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
India's PM calls for Asia growth push
India's Prime Minister Manmohan Singh has asked South Asian nations to show the resolve and maturity to grasp opportunities to become a major engine of growth for the global economy.
Record central bank gold sales forecast
London-based GFMS is forecasting record net gold sales by central banks in 2005 of about 700 tons, up from over 500 tons in 2004, GFMS Executive Chairperson Philip Klapwijk said on Tuesday 15 November.
EU's Almunia calls for respect of ECB independence
EU economic and monetary affairs commissioner Joaquin Almunia on Thursday 17 November called on the European Commission and member states to respect the independence of the European Central Bank.
China to push currency reform
China will continue with market-orientated currency reforms while keeping the exchange rate of the yuan basically stable, said Su Ning, a vice-governor of the People's Bank of China on Thursday 17 November.
Sri Lanka's economy overcomes tsunami setback
The Central Bank of Sri Lanka has released its report on Recent Economic Developments - Highlights of 2005 and Prospects for 2006. The Report highlights the performance of the economy in 2005 and prospects for 2006.
Bernanke urges action on China currency
Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.
Senate panel gives Bernanke go ahead as Fed chair
The U.S. Senate Banking Committee on Wednesday 16 November approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
SARB may increase gold reserves
The South African Reserve Bank might increase its gold reserves, its head said Tuesday, but gave few details.