News
Russian central bank to keep profits
Amendments to the Russian central bank law have been sent from the State Duma to the government for conciliation. If approved, the amendments will cancel the requirement that the central bank transfers 50% of its annual profits to the federal budget.
New head for Boston Fed
Eric Rosengren will become president and chief executive officer of the Federal Reserve Bank of Boston on 23 July. He will succeed Cathy Minehan who retires after 13 years as president of the Boston Fed, and nearly 40 years of service in the Federal…
No need for currency intervention - Dodge
The governor of the Bank of Canada says there is no justification for active market intervention by the central bank to sway the recent strengthening of the Canadian dollar.
SNB raises rates, sells gold
The Swiss National Bank has raised interest rates by 25 basis points to 2.5% on 14 July. The central also announced that it will sell 250 tonnes of gold and increase its foreign exchange reserves by a corresponding amount.
"I'm still around," Gono warns currency dealers
The Governor of the Reserve Bank of Zimbabwe, Gideon Gono, has had to dismiss rumours that he is in bad health after illegal foreign currency dealers celebrated his alleged demise.
Stevens raises inflation spectre
Inflation is more likely to rise during 2008 than to recede, according to Glenn Stevens, the Governor of the Reserve Bank of Australia.
Conservatives want one-term limit for BoE governor
Britain's opposition Conservative Party is considering a one-term limit for the governor of the Bank of England, a policy that would mark the biggest change in the framework for monetary policy since the bank was made independent in 1997.
Thailand CB hunts ex-PM's missing money
The governor of the Bank of Thailand, Tarisa Watanagase, says the central bank is currently investigating what happened to the money recently withdrawn from the accounts of disposed prime minister, Thaksin Shinawatra. The governor believes the money has…
Bond yields tighten on rate fears
The world's leading bond markets continued to tighten on 13 June, with benchmark yields reaching multi-year highs as the market responds to the threat of rising interest rates from central banks around the world.
FSA warns on private equity
The British Financial Services Authority (FSA) has voiced concerns over the "excessive level" of debt private equity firms use to buy out public companies.
IMF: Turkish CB independence essential for IT
The independence of Turkey's central bank is essential for the success of inflation targeting, the IMF said in its 2007 article 4 report.
Trichet says monetary policy still accommodative
Speaking to the European parliament on Monday, Jean-Claude Trichet, the president of the ECB, said monetary policy was accommodative even after the recent quarter-point rate rise.
King warns on inflationary pressures
Mervyn King served notice that rates may have to rise even though the Bank of England sees inflation as likely to drop back this year from March's breach of the 3% target.
Williams gets second term as T&T governor
The Central Bank of Trinidad & Tobago reappointed Ewart Williams for a second five-year stint as governor a month before his contract was due to run out.
Bank of Israel should oversee bank fees - Knesset
The final report of the Knesset's committee looking into banking fees recommended that control of banking fees be transferred to the central bank.
Three new directors for the Bank of Canada
Jim Flaherty, Canada's minister of finance, named three new directors for the central bank's board.
Iraqi central banker dies in ambush
A senior official from Iraq's central bank died after his car was ambushed by gunmen in Mosul on Monday.
PBoC issues rules to combat terrorist financing
China's central bank has set out new rules for the finance industry designed to combat the movement of money suspected of being used for terrorist purposes.
Trichet's verdict on euro hopefuls
Speaking at a press conference after the ECB's rate rise last week, Jean-Claude Trichet, gave his assessment of countries striving to join the euro.
NZ dollar falls after central bank sales
New Zealand's dollar fell against the US dollar and yen as the Reserve Bank of New Zealand intervened to sell the kiwi.
SARB raises rates as inflation soars
The South African Reserve Bank raised the key repo interest rate by 50 basis points to 9.5% on 7 June, after inflation surged through the upper band of the central bank's 3% to 6% target range in April.
German parliament approves Bundesbank board cuts
The upper house of the German parliament has approved legislation to allow two seats to be cut from the board of the Deutsche Bundesbank, the country's central bank.
No policy shift for currency, says UAE governor
Investors expecting the dollar-pegged dirhan to appreciate received a strong message yesterday from the governor of the United Arab Emirates central bank, Sultan Nasser Al Suwedi, who said "We rule out any change for the forseeable future".
South Korea keeps key rate unchanged at 4.5%
The central bank of South Korea today decided to keep its key interest rate steady for the tenth month in succession, in an effort to boost economic recovery.