News
China may tighten yuan as economy grows
The Chinese controlled press reported on Thursday 14 July that the Chinese economy was forging ahead in the second quarter.
Two appointed to Bank of England's MPC
The Bank of England's Monetary Policy Committee was back to full strength on Thursday 13 July with the appointed of two new members to fill the vacant places.
More Greenspan, less Volcker, needed in Japan
This article published Wednesday 12 July by Bloomberg says that the Bank of Japan may engineer its first interest rate increase since August 2000 on Friday.
BoK says inflation outweighs slowdown risk
Bank of Korea assistant governor Yeung-Kyun Rhee said Thursday 13 July that the current focus should be on inflation rather than growth in the South Korean economy.
EU presidency's Heinaluoma calls for cooperation
Finnish Finance Minister Eero Heinaluoma, whose country holds the rotating EU presidency, said Thursday 13 July that the euro group and the European Central could improve the way they cooperate.
Irish central bank warns on house prices
Certain features of the Irish economy are raising concerns about its future outlook, the central bank warned in its annual report on Wednesday 13 July.
Dallas Fed notes 'disappointing' inflation
The Dallas Federal Reserve Bank said on Thursday 13 July U.S. inflation has been "disappointingly" high but slow labor cost growth and hefty profits should keep it from gaining a firm grip.
IMF's Rato offers deepest condolences to India
Rodrigo de Rato, Managing Director of the International Monetary Fund, issued a statement on Tuesday 11 July, following the bombings in India.
Slovenian euro coin production begins
EU finance ministers on Tuesday 11 July gave Slovenia a final formal go-ahead for the country's entry to the eurozone as of January 2007.
Mexico's foreign reserves at record level
Mexico's foreign reserves climbed US$358 million (euro281 million) last week to a record US$79.10 billion (euro62 billion), the Bank of Mexico reported Tuesday 11 July.
Mishkin says he will stick to Fed's goals
Federal Reserve nominee Frederic Mishkin told a hearing on Wednesday 12 July that he would keep faith with the Fed's responsibilities for ensuring price stability, full employment and a stable financial system.
Interview with the Japanese Finance Minister
Japanese Finance Minister Sadakazu Tanigaki told Reuters in an interview on Wednesday 12 July there was no need for the Bank of Japan to rush the ending of its zero interest rate policy.
A bond that insures against instability
According to this article published by the Financial Times on Monday 10 July, there has been increasing interest in creating bonds linked to the growth of a countrys' GDP.
Buba's Weber sees limited World Cup effect
The impact of the recent World Cup is unlikely to have a lasting effect on the German economy, Bundesbank president Axel Weber said in an interview published Tuesday 11 July.
RBNZ countdown to smaller lighter coins
On 31 July the current 50, 20, and 10 cent coins will be replaced with smaller and lighter coins, and the 5 cent coin will begin to be phased out, the Reserve Bank of New Zealand said on Monday 10 July.
Bank of Canada keeps rates unchanged
The Bank of Canada left interest rates unchanged at 4.25% on Tuesday 11 July and repeated a May statement that the seven prior increases are enough to return inflation to its 2 percent goal.
BOK maintains hawkish stance
Bank of Korea governor Lee Seong-tae said on Monday 10 July that the central bank will take preemptive action to curb increased pressure on inflation.
Paulson sworn in as US Treasury Secretary
Henry Paulson was sworn in as the 74th U.S. Treasury Secretary on Monday 10 July, saying he would build on the achievements of his predecessor, John Snow.
Trichet says financial integration 'major goal'
European Central Bank president Jean-Claude Trichet said Tuesday 11 July financial integration is a key goal for the ECB as it will help boost growth and absorb shocks.
President of the Slovak Republic visits ECB
The President of the Slovak Republic, HE Ivan Gasparovic, visited the European Central Bank (ECB) on Monday 10 July.
Dutch central bank wants better payment system
The Dutch central bank has called for a more efficient payment system and is considering a set of measures to encourage people to pay more by electronic means, MarketWatch reported.
British pound passes yen in central bank reserves
According to this article by Bloomberg News published Monday 10 July, central banks around the world are increasing their holdings of British pounds.
Central bank's focus should be on growth
According to this opinion piece from The Jakarta Post, published Monday 10 July, Bank Indonesia should start concentrating on issues of how it is going to use its monetary policy to spur further economic growth.
Bomb explodes near Iraqi central bank
A bomb exploded near Iraq's central bank in central Baghdad on Monday 10 July, killing several people, Reuters reported.