News
Fukui again says rates must rise
In further comments on Japan's interest rates, Bank of Japan governor Toshihiko Fukui said Thursday 17 May rates should increase gradually to support economic growth amid price stability.
Greenspan joins Pimco in first post-Fed role
Former Federal Reserve chairman Alan Greenspan has signed on as a consultant to Newport Beach-based bond investment giant Pacific Investment Management, known as Pimco, the Wall Street Journal reported Wednesday 16 May.
Swaziland to introduce RTGS system
The Central Bank of Swaziland announced Wednesday 16 May that it will soon be introducing a Real Time Gross Settlement (RTGS) system at the beginning of June 2007.
Zhou says room to raise reserve requirement
China still has room to raise the commercial banks' reserve requirement ratio, the Shanghai-based Oriental Morning Post reported Thursday 17 May, citing People's Bank of China governor Zhou Xiaochuan.
Noyer says Europe may experience sustained growth
European Central Bank governing council member Christian Noyer said on Wednesday 16 May that Europe could be experiencing a period of sustained, stable growth.
King hints that Greenspan's comments are unhelpful
Mervyn King, governor of the Bank of England, told a press conference on Wednesday 16 May that it isn't helpful for former central bankers to comment on aspects of monetary policy or economic conditions.
ECB's Noyer warns on 'benign conditions'
European Central Bank governing council member Christian Noyer said in a speech Wednesday 16 May that benign conditions in financial markets can be reversed.
BNB's Quaden says ECB will keep acting on prices
Belgian National Bank governor Guy Quaden said in an interview published Wednesday 16 May that the ECB will continue to act to lower inflationary expectations.
Hedge fund progress pleases Germany's Steinbrueck
German finance minister Peer Steinbrueck said in comments published Wednesday 16 May that he plans to lay out the basis of a voluntary self-regulation agreement with hedge funds operating in Europe within the next months.
Zeti says Islamic finance issue needs focus
There is a need for greater focus to arrive at a common vision on the future of the Islamic financial services industry, Bank Negara Malaysia's governor Tan Sri Dr Zeti Akhtar Aziz said in a speech Tuesday 15 May.
Wolfowitz to leave World Bank - reports
Unconfirmed late reports Wednesday 16 May said Paul Wolfowitz would leave the World Bank as president in a face-saving deal.
Bahrain and Egypt sign MoU
The central banks of Bahrain and Egypt signed a Memorandum of Understanding (MoU) on Monday 14 May, according to Gulf Daily News.
NRB chief stopped from boarding plane
Nepal Rastra Bank (NRB) governor Bijaya Nath Bhattarai, who is accused of misusing funds to suppress the pro-democracy movement last year, was barred from boarding a flight to Bangladesh on Monday 14 May, DailyIndia reported.
U.S. backs Wolfowitz at World Bank
The United States supported World Bank president Paul Wolfowitz to keep his job on Tuesday 15 May, saying that although he had made mistakes he should not be fired.
Bush to nominate Fed board members - reports
US president George W Bush will nominate Larry Klane and Elizabeth Duke to serve as Federal Reserve Board governors, according to Bloomberg which quoted two people familiar with the situation.
RBA appoints head of domestic markets
The Reserve Bank of Australia announced Monday 14 May that John Broadbent would be appointed as Head of Domestic Markets Department.
BI and govt working together on economy
Indonesia's finance minister Sri Mulyani says the government will work with Bank Indonesia to boost the lethargic economy amid criticism that the government is not doing enough to speed up economic growth.
Azerbaijan's inflation "likely to slow"
Elman Rustamov, the National Bank of Azerbaijan's board chair, told a press conference Friday 11 May that inflation is likely to slow from its current 16% annual rate.
BCV director says reserves will rebound
Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.
Reforms help, says Trichet on eurozone growth
European Central Bank president Jean-Claude Trichet said in an interview with Nikkei Business Magazine published Monday 14 May that the eurozone is benefiting mainly from the cyclical strength of the world economy, but structural reforms also help growth…
Riksbank appoints new head of Market Operations
The Executive Board of Sweden's Riksbank decided at its meeting Thursday 10 May to appoint Sophie Degenne as the new head of the Market Operations Department.
Riksbank names new Chief Press Officer
Britta von Schoultz has been appointed the new Chief Press Officer at the Sveriges Riksbank. She will take up her appointment on 4 June 2007.
Greenspan lays odds of 2-1 against US recession
Following comments earlier in the year that gave financial markets a wobble, former Federal Reserve chairman Alan Greenspan said Friday 11 May the odds are two to one that the US will avoid a recession this year.
NBH minutes show one member wanted rate cut
A single rate-setter on Hungary's 13-member Monetary Council voted in favour of a 25-basis-point rate cut at the MPC's 23 April policy meeting, the minutes published Friday 11 may showed. Changes to the Central bank Act will see a reduction in the number…