News
Federal Reserve appoints Inspector General
The Federal Reserve Board on Friday 4 May announced the appointment of Elizabeth A. Coleman as Inspector General for the Board, effective May 6.
PBOC's Zhou unsure on reserves trend
The governor of the People's Bank of China said in Switzerland Monday 7 May the outlook for China's foreign reserves remains unclear following a big increase in the Q1.
Some BoJ members urged gradual rate hike
Minutes released Monday 7 May showed some members of the Bank of Japan's board called on the BoJ to do a better job communicating its intention of raising interest rates only gradually and without any timetable set in advance.
ECB's Quaden: all info needed on inflation risk
European Central Bank board member, and governor of the Belgian National Bank, Guy Quaden told reporters Thursday 3 May that the ECB would consider all available data that could affect inflation risk when the central bank meets in Dublin next week.
Riksbank leaves rates unchanged at 3.25%
Sweden's Riksbank said Friday 4 May it would leave its key interest rate unchanged at 3.25% but said the rate should be raised gradually in the future and by more than the 0.25% it forecast in February.
China, Japan, Korea to pool some reserves - report
Bloomberg reported on Friday 4 May that China, Japan and South Korea have agreed to combine some of their foreign-exchange reserves in order to prevent any repeat of the crisis that hit Asia a decade ago.
NY Fed's Geithner says flexible rates better
Federal Reserve Bank of New York president Timothy Geithner said on Friday 4 May in a speech that flexible exchange rates allow emerging countries to handle global economic swings better.
Oman to introduce risk-based supervision
The Central Bank of Oman will introduce risk-based supervision by the end of the year, Hamood Sangour Al Zadjali, executive president, CBO, said in Muscat in an address to bankers.
Stock exchange chief urges BoT to cut rates
According to the head of Thailand's stock exchange, the central bank should cut interest rates faster to spur sluggish domestic spending and the flagging economy.
Uganda's central bank redesigns website
The central bank of Uganda has launched a redesigned user-friendly website with updated information on key financial indicators at a cost of $49,000.
NY Fed issues hedge fund warning
In what Reuters describes as its "sternest warning to date" on the state of the hedge-fund business, the Federal Reserve Bank of New York said Wednesday 2 May that the funds could represent the biggest risk for a financial crisis since 1998.
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.