News
Report names likely Fed appointees
US president Bush administration is considering Larry A. Klane as a board member at the Federal Reserve, two people familiar with the matter were quoted as saying by MarketWatch.
Trichet signals June rate rise with 'vigilance'
European Central Bank president Jean-Claude Trichet told the ECB's press conference Thursday 10 May that ``strong vigilance'' is required to contain inflation. A hint that interest rates will rise at the next meeting.
BoJ's Fukui says low rates for too long will hurt
Bank of Japan governor Toshihiko Fukui told a seminar in Tokyo Thursday 10 May that interest rates need to rise gradually despite Japanese prices responding slowly to strong global demand.
Fed hold rates but concerned on inflation
The Federal Reserve left US interest rates unchanged Wednesday 9 May and acknowledged that the economy is slowing.
Interview with Paul de Grauwe
In an interview with EurActiv, published Thursday 10 May, Paul de Grauwe warns that "ill-founded" and "dangerous" criticism of the European Central Bank by newly elected French president Nicolas Sarkozy could threaten monetary union.
PBOC says credit growth still too high
The People's Bank of China said in its first quarter monetary policy report, published Thursday 10 May, that credit growth remains too high and it needs to maintain a reasonable level of expansion.
Wolfowitz gets White House backing
The White House on Wednesday 9 May said it has continued full support for embattled World Bank president Paul Wolfowitz, who faces numerous calls to quit.
Hungary to name NBH deputy by 1 July
Hungarian central bank (NBH) governor Andras Simor will name by 1 July who will be the central bank's second deputy governor, local newswire MTI reported on Wednesday 9 May.
DNB's Wellink says 'no risk from M&A'
Dutch central bank president Nout Wellink said Wednesday 9 May he believes ABN Amro is an extremely strong bank and that customers should not fear a takeover.
Qatar cb focusing on transparency
Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank (QCB), said Tuesday 8 May that the QCB will give high priority to strengthening good corporate governance, transparency and accountability in the financial sector.
BoE says efficiency push may harm stats
The Bank of England said in a submission to a parliamentary committee published on Wednesday 9 May that it is concerned that cost constraints are preventing the UK's Office for National Statistics from doing a proper job.
Trichet says world economy growing strongly
The G10 central bankers group said Monday 7 May that the world economy continues to grow at a "very encouraging" rate.
Knight's term of office at BIS extended
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 7 May that it has extended the term of office of the General Manager, Malcolm Knight, to mid-2009.
Federal Reserve appoints Inspector General
The Federal Reserve Board on Friday 4 May announced the appointment of Elizabeth A. Coleman as Inspector General for the Board, effective May 6.
PBOC's Zhou unsure on reserves trend
The governor of the People's Bank of China said in Switzerland Monday 7 May the outlook for China's foreign reserves remains unclear following a big increase in the Q1.
Some BoJ members urged gradual rate hike
Minutes released Monday 7 May showed some members of the Bank of Japan's board called on the BoJ to do a better job communicating its intention of raising interest rates only gradually and without any timetable set in advance.
ECB's Quaden: all info needed on inflation risk
European Central Bank board member, and governor of the Belgian National Bank, Guy Quaden told reporters Thursday 3 May that the ECB would consider all available data that could affect inflation risk when the central bank meets in Dublin next week.
Riksbank leaves rates unchanged at 3.25%
Sweden's Riksbank said Friday 4 May it would leave its key interest rate unchanged at 3.25% but said the rate should be raised gradually in the future and by more than the 0.25% it forecast in February.
China, Japan, Korea to pool some reserves - report
Bloomberg reported on Friday 4 May that China, Japan and South Korea have agreed to combine some of their foreign-exchange reserves in order to prevent any repeat of the crisis that hit Asia a decade ago.
NY Fed's Geithner says flexible rates better
Federal Reserve Bank of New York president Timothy Geithner said on Friday 4 May in a speech that flexible exchange rates allow emerging countries to handle global economic swings better.
Oman to introduce risk-based supervision
The Central Bank of Oman will introduce risk-based supervision by the end of the year, Hamood Sangour Al Zadjali, executive president, CBO, said in Muscat in an address to bankers.
Stock exchange chief urges BoT to cut rates
According to the head of Thailand's stock exchange, the central bank should cut interest rates faster to spur sluggish domestic spending and the flagging economy.
Uganda's central bank redesigns website
The central bank of Uganda has launched a redesigned user-friendly website with updated information on key financial indicators at a cost of $49,000.
NY Fed issues hedge fund warning
In what Reuters describes as its "sternest warning to date" on the state of the hedge-fund business, the Federal Reserve Bank of New York said Wednesday 2 May that the funds could represent the biggest risk for a financial crisis since 1998.