News
BOJ in no hurry to raise rates says Haru
The Bank of Japan is in no hurry to raise short-term interest rates in the absence of an immediate inflation risk, BOJ board member Hidehiko Haru said in a speech Thursday 8 February.
BOK chief says reserves may go to overseas stocks
South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.
Buba's Weber says ECB will do 'utmost' on prices
The European Central Bank and the eurozone's national central banks will do everything possible to ensure price stability in the euro area, Bundesbank president Axel Weber said Wednesday 7 February.
PBOC closely monitoring inflation pressure
Inflation pressure is building up from rising consumer prices in China and requires the attention of all branches of the People's Bank of China (PBoC), the central bank-backed Financial News reported Wednesday 7 February, citing PBoC vice governor Xiang…
Fed's Moskow says Chicago lagging US on growth
A top Fed official said Tuesday 6 February in a speech that Chicago lags behind the rest of the US, making it imperative for city officials to pursue more adaptable policies.
Yuan rise not response to US pressure, says Fan
Fan Gang, the only non-government representative on the People's Bank of China's monetary policy committee, said in an online interview on Sina.com that recent yuan strength is not a response to US pressure.
Germany's Steinbrueck backs ECB's independence
German finance minister Peer Steinbrueck said Wednesday 7 February that the independence of the European Central Bank, which has received criticism from some French politicians, must be respected.
Fischer trips to raise support for Israel to OECD
Bank of Israel governor Stanley Fischer is travelling to Germany and Japan this week to increase support for Israel's bid to join the Organization for Economic Cooperation and Development as a full member, the central bank said.
PBOC tells lenders to monitor loans closely
The Shanghai branch of the People's Bank of China has told local lenders to tighten examination of loans to prevent illegal inflows of funds into the stock market, the official Xinhua News Agency reported Tuesday 6 February.
Russia and Azerbaijan agree on banking supervision
The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in banking supervision, RBC reported Tuesday 6 February.
BNM's Zeti pleased with 'orderly' ringgit
Bank Negara Malaysia is comfortable with the "orderly" performance of the ringgit, BNM governor Tan Sri Zeti Akhtar Aziz told reporters Tuesday 6 February.
Ito says BoJ must explain policy better
A member of the Japanese government's top economic council said on Monday 5 February in an interview with Reuters the Bank of Japan should promote accountability and transparency in its monetary policy as it has not been doing a good job in communicating…
Bahrain's Crown Prince has doubts on GCC deadline
In an interview published Monday 5 February, Crown Prince Shaikh Salman bin Hamad Al Khalifa of Bahrain cast doubt on a 2010 deadline for monetary union in the region and said his country and the five other GCC states still had some issues to resolve on…
Czech fin min to submit euro adoption plan soon
Czech finance minister Miroslav Kalousek will submit a national euro adoption plan to the cabinet in March, he told the daily Lidove noviny LN on Saturday 3 February.
PBOC's Gang says China to step up liquidity fight
A senior official at the People's Bank of China said on Sunday 4 February that China had mopped up much of the excess liquidity derived from massive trade and investment flows but must stay alert to keep money supply and credit in check.
Zeti says ringgit strength reflecting economy
The strength of the ringgit reflects the underlying fundamentals and the economic conditions at the moment, Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said Monday 5 February.
Samoobrona candidate may join NBP board
According to Sunday 4 February's issue of Newsweek Polska, Andrzej Lepper, head of Self-Defence (Samoobrona), is looking forward to placing his candidate on the management board of the National Bank of Poland.
NBP's Skrzypek sees 2012-2013 euro adoption
In an interview published in Sunday 4 February's issue of Wprost, National Bank of Poland head Slawomir Skrzypek announced that it will be at least five years before Poland adopts the euro.
Pridiyathorn says BoT prevented crisis
M.R. Pridiyathorn Devakula, Thailand's finance minister, and former governor of the Bank of Thailand, has said expectations of dollar weakness have led to the heavy fund flows into other currencies, including the baht.
Bank of Italy shuffles management
Mario Draghi, the governor of the Bank of Italy, has begun reshuffling his management team ahead of a meeting with unions this week, La Stampa reported Friday 3 February.
Paper says 3-way split for China's FX reserves
China is planning to set up a new agency to manage a fifth of the country's $1.07 trillion in foreign currency reserves as part of a shake-up that will divide responsibility for the stockpile among three bodies, a newspaper reported on Thursday 1…
Report says Fed debating 'soft' inflation target
Federal Reserve officials have discussed whether an implicit, or "soft" inflation target might be preferable, the Wall Street Journal reported on Friday 2 February.
Klitzing joins Norges Bank Investment Management
Espen Klitzing has been appointed Chief Financial Officer at Norges Bank Investment Management, the bank said Friday 2 February.
'Slim' chance of return to deflation says Fukui
Bank of Japan governor Toshihiko Fukui told parliament on Friday that the risks of a return to deflation were low for the world's second largest economy.