News
Switzerland's Roth on fragility of fin. markets
Swiss National Bank president Jean-Pierre Roth said in an interview published Tuesday 24 April he sees a "certain fragility" on financial markets and that investors might underestimate actual risks.
ECB welcomes Payment Services Directive
The European Central Bank said Tuesday 24 April it regards the adoption of the PSD by the European Parliament as a decisive step towards the realisation of the SEPA.
MAS lists key support for Singapore economy
The Monetary Authority of Singapore (MAS) said in its half-yearly macro-economic review published Wednesday 25 April, that the booming oil rig and biomedical sectors will provide key support for the economy in 2007.
ECB member positive on low eurozone inflation
ECB Executive Board member Gertrude Tumpel-Gugerell said in an interview with Viennese daily Der Kurier that Europe's growth prospects remained "very positive" and eurozone inflation will probably stay below 2% this year.
ECB's Weber says inflation outlook requires data
European Central Bank Governing Council member Axel Weber said in an interview published Tuesday 24 April that the ECB should not neglect longer-term inflation risks.
King says UK inflation may dive
Bank of England governor Mervyn King said Tuesday 24 April that he expects the CPI annual inflation rate to fall back sharply in the next 4-6 months.
Ex-central bank chief named Mauritania's PM
Mauritania's President Sidi Mohammad Ould Cheikh Abdallahi named former central bank governor Zein Ould Zeidane prime minister late on Friday 20 April.
Bank of Canada holds rates unchanged
The Bank of Canada announced Tuesday 24 April that it is maintaining its target for the overnight rate at 4 1/4 per cent. The bank said Canadian economic growth has been roughly in line with its expectations.
Garganas says press reports wrongly quote him
Bank of Greece governor and European Central Bank committee member Nicholas Garganas issued a press release Monday 23 April denying making a statement in press reports that a stronger euro may mean the ECB doesn't have to raise interest rates again.
China's Fan says FX can't solve imbalances alone
People's Bank of China adviser Fan Gang said Saturday 21 April that China's external imbalances will not be solved by varying the yuan exchange rate alone.
Kate Barker reappointed to Bank of England's MPC
Kate Barker, who recently completed the Barker Review of Land Use Planning, was reappointed to the Bank of England's Monetary Policy Committee (MPC) for a further three-year term on Monday 23 April, becoming the first external member to serve a third…
Bini Smaghi pushing IMF reform
After the recent report on reforming the IMF and criticism of it from Mervyn King, among others, European Central Bank executive board member Lorenzo Bini Smaghi said in an article in the FT that emerging economies should accept that the IMF needs a…
Hungary's Simor wants clearer communication
The recently appointed governor of Hungary's central bank (NBH), Andras Simor, told a press conference on Monday 23 April that the NBH's Monetary Council must improve its communication.
ECB's Weber says pressure on prices remains
European Central Bank governing council member Axel Weber told Handelsblatt newspaper in an interview published Friday 20 April that the ECB can't yet identify an end-point to its current cycle of interest rate increases.
Risks to inflation projections remain, says Paramo
Jose Manuel Gonzalez-Paramo, European Central Bank governing council member, said Thursday 19 April that although risks to eurozone inflation projections remain, ECB monetary policy remains accommodative.
Trichet says FX rates should reflect fundamentals
European Central Bank president Jean-Claude Trichet said Friday 20 April that too much volatility in foreign exchange rates is undesirable and exchange rates should mirror economic fundamentals.
King 'determined' to get UK prices down-report
The Yorkshire Post reported Friday 20 April that Bank of England governor Mervyn King has said the central bank is get inflation back on track to its 2 percent target.
Eurogroup's Juncker sees no panic on euro
Eurogroup President Jean-Claude Juncker said Friday 20 April there is no is no reason for over concern on the strength of the euro.
EU warns over ABN Amro interference
The European Commission warned the Netherlands Thursday 19 April against meddling in any takeover bid for Dutch bank ABN Amro.
Yogesh Anand leaving the RBNZ for the BIS
Reserve Bank of New Zealand Chief Information Officer Yogesh Anand is leaving the Bank to take up the role of Head of Information Technology Services for the Bank for International Settlements (BIS) in Basel, Switzerland, the RBNZ said Thursday 19 April.
Japan's Fukui reiterates that deflation is easing
Bank of Japan governor Toshihiko Fukui told a quarterly meeting of BoJ branch managers Thursday 19 April that the Japanese economy is expanding moderately and deflationary pressure is easing.
BoJ report sees continued moderate expansion
The Bank of Japan said in a quarterly report published Thursday 19 April that Japan's regional economies are showing signs of continued moderate expansion.
Hungary's central bank appoints new spokesperson
Hungary's central bank announced on Wednesday 18 April it has appointed Judit Iglodi-Csato as the bank's spokesperson to replace Gabor Missura. the Portfolio website reported.
New DG of Ireland's central bank announced
The governor of the Central Bank of Ireland , John Hurley, Thursday 19 April announced the appointment of Tony Grimes as Director General Designate of the Central Bank and Financial Services Authority of Ireland.