News
ECB says planning new card payment oversight
The European Central Bank said on Thursday 3 May it is proposing a new cross-border framework to oversee all payment card systems using the euro.
Interview with Bank of England's Mervyn King
In an interview with the Financial Times published Thursday 3 May Mervyn King said the Bank of England was "clearly" failing to explain properly to markets how the Monetary Policy Committee was likely to respond to economic data.
Ex-BoE George on 1997 independence
Former Bank of England governor Eddie George said in an interview with the Financial Times Wednesday 2 May that he didn't consider resigning when the BoE was given independence in 1997, relieving it of the role of supervising commercial banks.
Poland ready for euro, but Euro 2012 brings risks
Poland is ready to adopt the euro by 2012, but holding the Euro 2012 football championships will bring economic risks, Poland's finance minister told the Financial Times on Wednesday 2 May.
ECB's Liebscher: vigilance ensures stable prices
European Central Bank vigilance will safeguard future price stability and a stable euro, ECB Governing Council member Klaus Liebscher wrote in an Austrian newspaper on Wednesday 2 May.
Bahrain hosting Lebanon central bank team
The Central Bank of Bahrain has hosted a five-member team of officials from Banque du Liban, the central bank of Lebanon.
Brazil's Meirelles wants sustained growth
In comments to Reuters published Wednesday 2 May, the president of Brazil's central bank has described the country's economic ambitions, saying investors must continue to be attracted to the country and emphasising the need for sustained growth.
IMF says Bank of Mexico acted too fast
Mexico's Finance Minister Agustin Carstens said Monday 30 April that the central bank may have moved too fast in raising interest rates last week amid slowing economic growth.
Eurozone April inflation down to 1.8%
Inflation in the eurozone fell to 1.8 percent in April, down from 1.9 percent in March, the European Union's statistics bureau Eurostat said Monday 30 April.
SBP governor says IMF unhappy over decisions
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar said in Karachi Monday 30 April that the IMF was unhappy over some of her policy decisions.
Japan's FSA to monitor hedge funds
Japan's Financial Services Agency (FSA) said on Tuesday 1 May it will start to monitor hedge funds which operate in Japan.
France's Sarkozy redesigns BoE decision making
French presidential candidate Nicolas Sarkozy seemed to be a little out of date when discussing the Bank of England's monetary policy decision making last week on French television.
Trichet backing ECB against meddling
Jean-Claude Trichet of the European Central Bank rejected French presidential candidates' criticism of the eurozone central bank, insisting in an article published Sunday 29 April that the majority of French citizens support the bank's actions.
SF Fed's Yellen sees risks to global growth
Federal Reserve Bank of San Francisco president Janet Yellen said on Saturday 28 April risks to the global economy maintaining "exceptionally strong" growth include a slowing US economy and unbalanced trade flows.
UAE's Al Suwaidi says GCC on target
UAE Central Bank Governor, Sultan bin Nasser Al Suwaidi, said Thursday 26 April the Gulf Cooperation Council (GCC) should meet its 2010 deadline for monetary union.
PBOC raises reserve ratio
The People's Bank of China has ordered major commercial banks to set aside more money in reserves in a move to slow its economy.
SNB's Roth sees risk from low inflation
Swiss National Bank president Jean-Pierre Roth told the bank's general meeting of shareholders Friday 27 April that the SNB will raise interest rates if necessary but expects inflation to remain moderate.
Hedge funds pose financial stability risks - Noyer
Bank of France governor Christian Noyer said in a speech at a Bundesbank conference Friday 27 April financial innovation is partly to blame for the unstable growth in eurozone M3 money supply.
Fed's Fisher sees reduction in inflation trends
President of the Dallas Federal Reserve Bank, Richard Fisher, said on Thursday 26 April that the US seems to be reducing inflationary fears but the proof is not there yet.
Fukui says rates must adjust if necessary
Bank of Japan governor Toshihiko Fukui said Friday 27 April after the policy board left rates unchanged, that the BOJ must raise interest rates once prices are clearly rising and secure growth is seem.
Nepal plans new banking law
Nepal Rastra Bank (NRB) is set to introduce the Bank and Financial Institution Act to allow mergers and acquisitions amongst financial institutions, an NRB official told reporters Friday 27 April.
RBNZ raises OCR to 7.75 percent
The Reserve Bank of New Zealand said Thursday 26 April its Official Cash Rate (OCR) will increase by 25 basis points to 7.75 percent.
ECB's Mersch says rates in tightening phase
European Central Bank Governing Council member Yves Mersch said in an interview with Boersen-Zeitung newspaper published Thursday 26 April that the ECB's phase of interest rate increases isn't over yet.
Greenspan paper: home equity loans raise spending
According to a paper co-authored by former Federal Reserve chairman Alan Greenspan, US spending could have been raised by about 3 percent a year in recent years with home owners using equity from their properties.