News
Eurozone inflation rises to 2.5% in May
The European Union (EU) said that inflation in the euro zone grew to an annual rate of 2.5 percent in May from 2 percent in April, due mostly to rising costs of fuel and oil products across Europe.
Swiss National Bank raises interest rates
The Swiss National Bank on Thursday announced it was raising its key interest rate by a quarter percentage point after holding near zero for more than a year.
BOJ's Muto says closely watching long term rates
The Bank of Japan is closely watching rising long-term interest rates to see if they affect the world's second-largest economy, Toshiro Muto, one of the bank's two deputy governors, said in a speech.
No Russian banking crisis says Ignatyev
Chairman of the Russian Central Bank, Sergei Ignatyev, told a press conference on Friday 18 June, that the situation with ruble liquidity on the Russian inter-bank loan market is stabilising and that a banking crisis in Russia is highly unlikely.
Former Bank of Korea governor Chon Chol Hwan dies
Chon Chol Hwan, former Bank of Korea governor, has died after an illness, aged 65, Bloomberg reported, citing South Korean central bank's press office.
Report says Buba used public money to build villas
For decades the Bundesbank used public money to build luxury villas for some of its top officials, German business daily Handelsblatt reported.
Olson says Fed must stay alert on inflation
The U.S. economy is growing at a rate at which policymakers must pay attention to the possibility of inflation, Federal Reserve Governor Mark Olson said on Monday.
Fed's Moskow urges vigilance on inflation
Chicago Fed President Michael Moskow said in an opinion piece in Tuesday's Wall Street Journal the Federal Reserve must continue to be vigilant in monitoring inflationary pressures.
Rapid rate rise not good for economy - Tanigaki
Japan's Finance Minister Sadakazu Tanigaki said a rapid rise in long-term interest rates may harm Japan's economic recovery, Jiji Press reported.
Minn.Fed's Stern oil hikes may not bring inflation
Gary Stern, the president of the Federal Reserve Bank of Minneapolis, said on Sunday that rising energy prices do not necessarily signal inflation, which he called "a monetary phenomenon."
Japan economy on recovery road, says Takenaka
Japan's Economic and Financial Services Minister Heizo Takenaka said on Sunday 13 June that the rise in JGB yields reflected an expectation of further economic recovery. Separately Masakazu Hayashi told a news conference the government wanted the Bank of…
PBOC official says no rate increase planned
People's Bank of China spokesman Bai Li said thsat he was unaware of any submission of detailed plans to raise interest rates to the State Council, according to a report published on Monday 14 June .
IMPLEMENTING BASEL II
The Basel Committee's new capital accord will be signed at the end of June, and implemented from the end of 2006 onwards. Nick Le Pan, Canada's leading supervisor is vice chairman of the committee and gave an exclusive interview to The Financial…
Minutes from the Sveriges Riksbank Meeting, 27 May
Minutes of the Sveriges Riksbank Executive Board meeting on 27 May were published 11 June. All the members expressed greater certainty over the recovery both in Sweden and abroad and said that there were factors, such as the rise in long-term interest…
IMF's Rato calls for structural reforms
The IMF is calling on Europe and Japan to promote sustainable economic growth through structural reforms, said the fund's managing director Rodrigo Rato.
MAS chairman Loong set to become PM
Singapore's ruling party has approved the appointment of founding father Lee Kuan Yew's son Lee Hsien Loong, the chairman of the Monetary Authority of Singapore, as the next prime minister.
Interview with Fed's Bernanke
In an extensive interview published this week, Federal Reserve governor Ben Bernanke talks about inflation targeting, asset bubbles, the Great Depression and other topics. He suggests the introduction of a number or a numerical range for inflation in the…
Marquez-Ruarte is to be IMF's HR Director
Rodrigo Rato, Managing Director of the International Monetary Fund, has named Jorge Marquez-Ruarte as Director of the Human Resources Department to succeed Margaret Kelly, a national of Australia who is retiring after more than 30 years of service with…
Bank Indonesia names senior deputy governor
Miranda S Goeltom, former deputy governor of Bank Indonesia (BI) was elected senior deputy governor of the central bank after undergoing a fit and proper test by Commission IX of the House of Representatives in Jakarta last Tuesday, 8 June.
Greenspan nomination hearing moved to 15 June
The Senate Banking Committee said on Monday 7 June that it was postponing a hearing on Federal Reserve Chairman Alan Greenspan's renomination until 15 June. The hearing was rescheduled because late President Ronald Reagan was lying in state at the U.S…
BOK agrees to train Asian bankers
The Bank of Korea (BOK) will offer a training course on operations and the role of the "central bank" to nine employees from central banks in six Asian nations.
RBZ's Gono denies he will run for president
Reserve Bank of Zimbabwe Governor Gideon Gono has refuted growing speculation that he could run for President in 2008, when President Robert Mugabe steps down.
Norges Bank Historical Monetary Stats workshop
On Friday 11 June Norges Bank arranged a seminar in connection with the publication of an Occasional Paper on historical monetary statistics. The speakers included Jan F. Qvigstad, Director, Norges Bank, Forrest Capie, professor at City University …
Reform of card payment systems in Australia
The Reserve Bank of Australia is considering whether it would be in the public interest for it to designate the EFTPOS payment system and the ATM payment system in Australia. Doing so would be a precursor to the bank deciding whether to determine…