News
Omi says BoJ should support growth
Japanese finance minister Koji Omi told parliament on Tuesday 20 February that the Bank of Japan's monetary policy should support economic growth, as it prepares to start a two- day meeting to decide interest rates.
Tarisa says BOT aiming to convert to bank deposits
Bank of Thailand governor Tarisa Watanagase said Tuesday 20 February the central bank will not need to issue the same number of bonds as it did in the past once it is authorised by a new law that will allow it to take deposits from commercial banks.
ECB's Tumpel-Gugerell still sees SEPA from Jan 08
European Central Bank board member Gertrude Tumpel-Gugerell said Tuesday 20 February the plan for a single euro payments area (SEPA) is still on track to begin operations from 1 Jan next year, despite disputes over organising cross-border operations.
PBOC raises bank reserve requirement again
The People's Bank of China said Friday 16 February it has raised bank reserve requirements, with effect from 25 February.
Bank of England ready for 'more turbulent times'
The Bank of England said Monday 19 February it will be able to keep inflation under control even if inflation becomes more unpredictable than during the past decade.
Volcker says surging inflation in India worrying
India's surging inflation was a matter of concern but the Reserve Bank's monetary response to the issue was on track, renowned economist Paul Volcker said on Sunday 18 February.
Libya, Tunisia sign currency agreement
Libya and Tunisia have signed a currency exchange agreement of the Libyan and Tunisian dinar.
Abilov appointed head of Turkmenistan CB
Turkmen president Gurbanguly Berdymukhammedov signed a decree on the appointment of Geldymurad Abilov chairman of the Central Bank of Turkmenistan on Thursday 15 February.
Deloitte chief nominated to Hungary's central bank
Hungarian prime minister Ferenc Gyurcsany on Friday 16 February nominated Andras Simor, chief of the Hungarian arm of auditing and consulting giant Deloitte, as be new governor of the central bank.
Sweden's Riksbank appoints new head of IT
The Executive Board of the Sveriges Riksbank appointed Hans Ohlson as new head of the IT Department on Friday 16 February. Mr Ohlson will take up this post on 15 May.
Fed's Poole says no reason to change rates now
St Louis Federal Reserve president William Poole said on Thursday 15 February that there was no reason at the moment for the U.S. central bank to change interest rates.
Bernanke says China's yuan is 'undervalued'
Federal Reserve chairman Ben Bernanke said Thursday 15 February he thinks the Chinese yuan is undervalued and should be allowed to trade more freely on international markets.
RBNZ appoints deputy governor
Grant Spencer has been appointed deputy governor of the Reserve Bank of New Zealand, RBNZ governor Alan Bollard announced Friday 16 February.
ECB's Quaden says yen, yuan weak v euro
The Japanese yen and the Chinese yuan are undervalued against the euro, European Central Bank governing council member Guy Quaden said Thursday 15 February.
Iraq's central bank to curb inflation
Officials at the Central Bank of Iraq (CBI) said that the bank is considering taking measures to curb inflation which hiked to 70 percent last year on soaring oil prices, Iraq Directory reported Wednesday 14 February.
Malta may apply for euro accession in March
Malta will file its formal request for accession to the eurozone in the first two weeks of March, The Times of Malta reported Wednesday 14 February.
Reports say Brazil's Meirelles will keep job
Brazilian president Luiz Inacio Lula da Silva ruled out the possibility of replacing central bank chief Henrique Meirelles, according to media reports Wednesday 14 February.
Officials call on BOJ to consider govt views
Japanese cabinet ministers on Thursday 15 February called on the Bank of Japan to consider the government's view when deciding whether to raise interest rates at a policy meeting next week.
Weber sees inflation around 2 pct to end-2008
Bundesbank president Axel Weber said in an interview published Thursday 15 February he expects eurozone inflation to be around 2.0 pct between now and the end of 2008.
Zalm says French on their own over ECB
Outgoing Dutch finance minister Gerrit Zalm said in an interview published Wednesday 14 February that no other eurozone countries share France's wish for politicians to exercise more control over the European Central Bank.
RBA's Battellino appointed deputy governor
The Australian government appointed Ric Battellino as deputy governor of the Reserve Bank of Australia on Wednesday 14 February for a five-year term.
BoJ's Fukui says risks to sustained growth remain
Bank of Japan governor Toshihiko Fukui said Wednesday 14 February he remains cautious about the outlook for sustained growth of the Japanese economy because it is still exposed to various risks.
PBOC says Wu's remarks don't rule out rate action
The People's Bank of China said Wednesday 14 February that comments by its vice governor published yesterday do not rule out the use of interest rates as an appropriate tool to absorb excessive liquidity.
Bank signals one more rate rise for 2007
The Bank of England implied on Wednesday 14 February that interest rates will be raised one more time in 2007, to 5.5%.