News
BoJ says forward-looking policy, data can coexist
Minutes from the Bank of Japan's policy board meeting of Jan 17-18 released Monday 26 February showed members agreed that the central bank does not change interest rates based on a schedule set in advance and that it can maintain its forward-looking…
Dallas Fed's Fisher 'hopes' inflation may slow
Federal Reserve Bank of Dallas president Richard Fisher said Friday 23 February he remains vigilant on inflation and ``there is hope'' that price indexes may be heading lower.
New China investment chief to be named
China is set to name a new head of the investment arm of the central bank, as it prepares to open a new agency to help manage the country's foreign currency reserves of more than $1 trillion, Reuters reported from Shanghai on Monday 26 February.
Rising risks spur reserve diversification
Central banks are engaging in more active diversification strategies in response to rising risks, a survey of reserve managers published Monday 26 February showed.
Japan's Ota warns BoJ about tightening
Japanese economic and fiscal policy minister Hiroko Ota on Friday 23 February warned the Bank of Japan against further credit tightening.
BoE's Sentance concerned about inflation
Bank of England Monetary Policy Committee Andrew Sentance said Friday 23 February in an interview with The Times he was concerned that a pick-up in demand could boost inflation.
IMF's Lipsky upbeat on eurozone outlook
In an interview with Reuters published Thursday 22 February, IMF first deputy managing director, John Lipsky, said the world economy will slow slightly this year from 2006.
BoJ's Fukui expects gradual rate hikes
Bank of Japan governor Toshihiko Fukui told lawmakers Friday 23 February that he is "open" to options of further rate hikes.
Zeti says Islamic institutions must reach out
Bank Negara Malaysia chief Tan Sri Dr Zeti Akhtar Aziz said in a speech Friday 23 February that Islamic financial institutions must attempt to reach all levels of community to broaden its horizon.
FOMC members upbeat on economic outlook
Federal Reserve officials at their January meeting shrugged off past concerns and said the outlook for growth and inflation was looking positive, according to minutes of the meeting released Wednesday 21 February.
UNMIK head rejects nomination for Kosovo board
According to internet news agency KosovaLive, the Kosovo government announced Wednesday 21 February that head of UNMIK Joachim Rucker has nullified the decision for the appointment of former minister of economy Ali Sadria as a member of the Steering…
Yam warns investors to 'fasten safety belts'
Hong Kong Monetary Authority chief executive Joseph Yam said on Wednesday 21 February that the People's Bank of China's decision to raise the reserve requirement ratio on deposits will have little impact on mainland lenders.
Brazil's Lula considers central bank changes
Brazilian president Luiz Inacio Lula da Silva is preparing to order changes in the board of directors of the country's central bank, Dow Jones reported Thursday 22 February.
Czech euro adoption 2012 likely - fin min
The Czech Republic could realistically adopt the euro in 2012, the Finance Ministry announced Wednesday 21 February, according to Prague Daily Monitor.
Bank of Japan to keep 'accommodative' policy
Bank of Japan governor Toshihiko Fukui said Wednesday 21 February it will maintain its "accommodative" monetary policy for some time, after voting to raise interest rates.
Minutes show 7-2 split on BoE rate vote
The Bank of England's Monetary Policy Committee voted by a 7-to-2 margin to keep its benchmark rate unchanged at 5.25 pct at its meeting earlier this month, minutes showed Wednesday 21 February.
SNB's Roth says rates not high enough yet
Swiss National Bank (SNB) chairman Jean-Pierre Roth said in an interview published Wednesday 21 February that Switzerland's current interest rate level is still not high enough to guarantee price stability in the medium-term.
Fed's Bies says bad mortgage debt not problem
Federal Reserve governor Susan Bies said in a speech Tuesday 20 February the bulk of the mortgage market was not troubled by bad debt problems, which were concentrated in the subprime, tarnished-credit sector.
Russia reiterates reserve diversification idea
The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.
CBN says currency change won't affect ECOWAS
The governor of Central Bank of Nigeria, Professor Charles Soludo, has said currency restructuring by the Federal government will not affect plan for common denomination by ECOWAS countries.
Brazil will add reserves while liquidity high
Brazil's policy of increasing foreign reserves should continue as long as global imbalances support a steady flow of dollars into the country, central bank director Paulo Vieira da Cunha told analysts in New York.
Key US Democrat warns on inflation target idea
It would be a "terrible mistake" for the U.S. Federal Reserve to adopt any form of inflation target to guide policy, a senior Democratic lawmaker was quoted as telling the Financial Times on Tuesday 19 February.
Ex BoJ's Fujiwara says rate rise needed
The Bank of Japan should raise interest rates before the current rock-bottom rates trigger an asset bubble in the economy, a former BOJ deputy governor said on Monday 19 February in an interview with Reuters.
GCC chiefs to meet in April - report
Governors of Gulf Arab central banks will meet on April 3 and 4 in Saudi Arabia to discuss plans for monetary union and other issues, an official at the United Arab Emirates central bank was quoted Tuesday 20 February by Reuters.