News
Nobel winner says China growth may be understated
Nobel Prize laureate Robert Fogel said he is optimistic about China's sustained economic growth, predicting at least 8% growth for the next 35 years.
Philadelphia Fed head receives Italian civic honor
The Consul General of Italy recently presented the prestigious Italian recognition of "Cavaliere," an honorary knighthood, to Anthony Santomero, president of the Federal Reserve Bank of Philadelphia.
Peru's economy minister is IADB candidate
Peru has nominated Economy Minister Pedro Pablo Kuczynski as its candidate to head the Inter-American Development Bank once current head Enrique Iglesias leaves the post in September.
Magistrate says T&T central bank filing 'archaic'
Chief Magistrate Sherman McNicolls said this week he was "really alarmed" by the record filing system at the Central Bank of Trinidad and Tobago, the Trinidad and Tobago Express reported.
Interview with Bank of France's Noyer
In an interview published this week Bank of France governor and European Central Bank council member Christian Noyer said it was "crazy" to think that an interest rate cut in isolation can boost euro zone growth.
Bernanke sworn in as White House adviser
Ben Bernanke was sworn in as chairman of President George W. Bush's Council of Economic Advisers on Tuesday 21 June, leaving his post as a Federal Reserve member.
Danmarks Nationalbank appoints new governor
Nils Bernstein, a senior government official, was named the new governor of Denmark's central bank on Wednesday 22 June.
IMF's Dawson announces plans to leave Fund
Thomas Dawson, the director of the International Monetary Fund's External Relations Department, told a press briefing on Thursday 23 June that he intends to leave the Fund in the next six or eight months.
RBI's Reddy says trade gap manageable
Reserve Bank of India governor YV Reddy said on Thursday 23 June that the widening trade deficit is sustainable because it is underpinned by buoyant export of services and remittances from overseas migrant workers.
Import prices no longer falling says BoE's Lambert
Bank of England MPC member Richard Lambert said on Thursday 23 June that there are signs that import prices, which have helped to keep inflation down, are falling.
ECB member says central banks won't sway ECB
ECB Executive Board member Jose Manuel Gonzalez-Paramo said late on Thursday 23 June that although rate cuts are back on the agenda at major central banks, it would not influence the European Central Bank's monetary policy.
ECB policy not enough to spur growth says Garganas
Bank of Greece governor Nicholas Garganas said on Friday 24 June that European Central Bank monetary policy has performed well but is not enough to spark growth.
Muto says BOJ will maintain target range
Bank of Japan deputy governor Toshiro Muto said Thursday 23 June the central bank will maintain the current account balance target in a range of 30 trillion to 35 trillion yen.
Regulators probe King speech leak
UK City regulators are investigating a sharp rise in futures trading a few hours ahead of Bank of England governor Mervyn King's speech to Bradford business leaders last week.
Top China economist calls for yuan appreciation
The Chinese government should actively move on its yuan exchange rate adjustment and appreciate the value of the currency by 5-10%, the Beijing Morning Post reported, citing Zhang Shuguang of the Chinese Academy of Social Science.
Venezuela approves central bank reform law
Venezuelan lawmakers gave initial approval late Tuesday 21 June to a bill that would allow President Hugo Chavez to access up to $5 billion in reserves held by the central bank.
BOT denies spending $3-4bn on intervention
Bank of Thailand governor M.R. Pridiyathorn Devakula has conceded the central bank had intervened in the market to support the baht, but denied it had spent up to US$3-4 billion on intervention.
Discussion topics from Central Banking conference
Central Banking Publications hosted the first conference on Sovereign Asset and Debt Management on June 20-21, where over 20 speakers and 100 participants discussed trends and challenges in how countries manage their national balance sheet.
Bank of England MPC Minutes, 8 & 9 June
The minutes from the 8 and 9 June meeting of the Bank of England's Monetary Policy Committee published on Wednesday 22 June showed policy makers voted 7- 2 to keep interest rates unchanged this month, with Charles Bean and Marian Bell preferring a 0.25%…
ECB's Mersch says rates 'perfectly appropriate'
European Central Bank council member Yves Mersch said current interest rates are correct and that Italian calls to leave the euro would be a recipe for turmoil.
Eurozone hampered by lack of reform, not rates
Bank of France governor Christian Noyer said it is not the level of European Central Bank interest rates which is hampering eurozone growth, but rather it is the lack of structural reform.
Official says pressure on yuan won't bring change
China said it would not bow to political and speculative pressures to adjust the value of its currency, as US officials prepared to testify about the impact of China's fixed exchange rate on the US economy.
Euro dip not caused by EU rejection says Liebscher
The euro hasn't been affected by the crisis facing the European Union following the rejection of its proposed constitution, the governor of Austria's Central Bank said on Tuesday 21 June.
RBA to open emergency back-up office
The Reserve Bank of Australia is to get a $38 million back-up office complex in an outer Sydney suburb in case an emergency shuts its city head office.