News
New York court lifts PMA freeze
A New York court has lifted a freeze on the US operations of the Palestine Monetary Authority, which acts as the Palestinian central bank, that was imposed in connection with the killing of two Americans in a Hamas shooting attack.
ECB says rates are boosting growth
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 April the ECB's interest rates are still boosting economic growth after seven increases since late 2005, leaving open the possibility of a further move.
Fed minutes show core inflation as policy risk
Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.
SARB says SA credit not immediately inflationary
South Africa's central bank governor Tito Mboweni said on Thursday 12 April the country's household spending and credit were not immediately inflationary but warned that bank lending remained "uncomfortably high".
China's FX reserves past $1.2T
China's foreign reserves have risen past $1.2 trillion, a state news agency said Thursday 12 April, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile.
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
Plosser says committing to policy goal important
Federal Reserve Bank of Philadelphia president Charles Plosser said on Tuesday 10 April that committing to a policy goal and providing more information about the central bank's aims would help keep inflation expectations in check.
Fisher expects pick-up in pace of US growth
The U.S. economy is in a slowdown, but the pace of growth should accelerate as the year unfolds, Dallas Fed president Richard Fisher said Tuesday 10 April.
BOJ's Inaba warns on low short-term rates
Short-term interest rates left at too low levels for too long could ignite inflation concerns among investors, which in turn could push up long-term rates, a senior Bank of Japan official told lawmakers Wednesday 11 April.
BOJ new members see sustained, gradual recovery
Seiji Nakamura and Hidetoshi Kamezaki, who recently joined Bank of Japan's nine-member policy board, told a press conference on Wednesday 11 April they see a sustained but gradual expansion of the Japanese economy and a mild rise in inflation going…
Hungary's cb says inflation expectation still risk
There remains a risk that inflationary expectations may stabilize at higher levels than previously forecast by the Hungarian National Bank (MNB), Henrik Authg, vice president of the central bank said on Wednesday 11 April.
Brazilian cb monetary policy head resigns
Brazilian central bank director Rodrigo Azevedo resigned as chief of monetary policy, citing an interest to work outside of government, Bloomberg reported Wednesday 11 April, citing a statement.
New Cyprus cb governor may be named soon
The new Cyprus central bank governor will probably be named in the next 10 days, finance minister Michalis Sarris said on Thursday 5 April on the sidelines of a press conference on euro awareness.
BI vigilant on regulatory 'grey areas'
Bank Indonesia deputy governor Muliaman D. Hadad said recently that in the revised regulations, the central bank had clarified several "gray areas" that had dissuaded the banks from extending loans to particular types of firms.
BOJ's Fukui sees no resumption of yen-carry trade
Bank of Japan governor Toshihiko Fukui said Tuesday 10 April he sees no sign of the resumption of the yen-carry trade, despite the recent weakening of the yen.
RBI concerned over inflation
The governor of the Reserve Bank of India is believed to have told money market dealers that it is concerned about the capital flows into the country, reported CNBC-TV18 on Tuesday 10 April.
IMF report sees soft landing for world economy
The International Monetary Fund is forecasting a 'soft landing' for the world economy and 4.9-per-cent growth in 2007, German government officials said Tuesday 10 April, according to Deutsche Presse-Agentur.
Japan appoints new board members to BOJ
The Japanese government on Friday 5 April appointed a former top manager at Japan's largest trading company and a former shipping company executive to the Bank of Japan's monetary policy board.
RBA announces senior staff movements
The Reserve Bank of Australia announced Friday 5 April that Keith Hall, currently Head of Financial Stability Department, will take up the position of Head of International Department, which became vacant on the appointment of Guy Debelle as Assistant…
IMF says US slowdown would have spillover effects
The IMF said Thursday 5 April a broadening of the US economic slowdown to consumer spending and investment would have negative spillover effects on other regions.
Dookeran wants a Caribbean central bank
The Caribbean Single Market and Economy initiative must now be taken a step further with the establishment of a central bank for the Caribbean, Congress of the People political leader, Winston Dookeran said Wednesday 4 April.
Guerrero says India's inflation well contained
India's annual inflation of 6.5 percent is not that high when considering the nation's strong economic growth, a senior World Bank official said in an interview this week.
ECB's Constancio says rates still low
European Central Bank governing council member Vitor Constancio said Wednesday 4 April that eurozone interest rates are still at historically low levels despite seven ECB rate hikes since December 2005.
NBP to publish minutes of meetings
Poland's central bank said Tuesday 3 April it will start to publish minutes from policy meetings of its interest rate-setting panel on 24 May, in a move analysts hope will offer more clarity on future monetary policy.