News
BoJ's Hayakawa says economy still expanding
The Japanese economy is expanding moderately and inventory adjustment in the information technology sector appears to be temporary, a senior official of the Bank of Japan said Wednesday 10 January.
IMF says HK peg can withstand strong yuan
The International Monetary Fund on Tuesday 9 January gave its backing to the Hong Kong dollar's peg to the U.S. dollar, saying recent reforms meant the exchange rate could withstand Chinese yuan strength.
PBOC chief wants more data before decision
Chinese central bank governor Zhou Xiaochuan said on Wednesday 10 January in comments to Reuters he was waiting to see more economic data before making any decision to change interest rates.
Bank of Italy rules to facilitate mergers - report
New Bank of Italy regulations allowing banks to make greater use of hybrid instruments for capital reserve requirements could facilitate mergers in the banking sector, Il Sole 24 Ore said Wednesday 10 January.
Bank of Sudan's Hassan sees 2007 growth up
In an interview with Reuters on Wednesday 10 January, Sudan's central bank governor Sabir Mohamed Hassan said the currency's appreciation against the dollar was worrying and the central bank was considering taking measures to address it.
Bank Negara voted best central bank
Bank Negara Malaysia has been voted as the Best Central Bank in the Islamic Finance news 2006 Best Islamic Banks Poll.
Oman to keep 80% dollar reserves
Oman favours keeping most of its $5 billion of central bank reserves in dollars rather than euros because the US currency pays higher interest, the central bank governor was quoted by Reuters as saying.
China considering economic super agency
China's state media reported Tuesday 9 January the country will mull a new financial super inter-agency to manage its five trillion dollars held in the nation's various state-run financial institutions.
Zavala says BCV autonomy vital
Central Bank of Venezuela (BCV) director Domingo Maza Zavala said in an interview he is certain that the institution needs to be autonomous in order to operate properly.
BOK targeting 2.5-3.5 percent inflation
The Bank of Korea aims to keep annual inflation between 2.5 percent and 3.5 percent for three years beginning this year, it said Monday 8 January.
Polish committee recommends Skrzypek to NBP
The Public Finances Committee of the Polish Parliament recommended Monday 8 January Slawomir Skrzypek to become the new head of the country's central bank.
Wall Street Systems announce new derivatives deal
Wall Street Systems, a provider of global treasury, trading and settlement services, has announced a new partnership with NumeriX, provider of cross-asset derivatives pricing and valuation software.
PBOC raises bank reserve requirement
The People's Bank of China said Friday 5 January it had raised the reserve requirement for commercial banks in a bid to stem a rising tide of liquidity in the banking system.
Adrian Orr to leave RBNZ
Reserve Bank of New Zealand deputy governor and head of financial stability Adrian Orr is leaving the Bank to take up the role of Chief Executive of the Guardians of the New Zealand Superannuation Fund, the RBNZ said Monday 8 January.
Trichet expects similar global growth this year
Global economic growth this year may well be close to that of 2006, European Central Bank President Jean-Claude Trichet said Monday 8 January in Switzerland.
Canadian dollar fall 'unsurprising': Dodge
Bank of Canada governor David Dodge said the decline in the Canadian dollar reflects ``fundamentals,'' and isn't ``surprising'' in light of slowing economic growth and a decline in crude oil prices.
Argentina's Redrado says reserve building vital
Argentine central bank president Martin Redrado said Monday 8 January Latin American countries should take advantage of the current moment of good economic growth to build up foreign reserves to prepare for unforeseen problems.
IMF's Rato says euro, Fed rates may have to rise
The European Central Bank and the U.S. Federal Reserve may have to raise interest rates once more to keep inflation in check, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday 8 January as saying.
Surprise choice for Polish central bank
According to this article from the Financial Times, published Thursday 4 January, Slawomir Skrzypek's nomination as the next head of the National Bank of Poland was received with surprise due to his lack of economic credentials and his close links to the…
Outgoing fin min Merentes may join BCV board
Venezuela's outgoing Finance Minister Nelson Merentes said Thursday 4 January that he will join the board of the Venezuelan Central Bank (BCV), Reuters reported. However, no appointment has been made official yet.
BoT rejects request on custody services
The Bank of Thailand said Thursday 4 January that it had rejected a request by the Custodian Club to delay implementation of a new securities investment account for foreigners by one month.
Deloitte chief linked to Hungarian cb job
The chief of the Hungarian arm of auditing and consulting group Deloitte, Andras Simor, was tipped on Friday 5 January by daily Nepszabadsag to become the new governor of Hungary's central bank.
Price rises seen in Slovenia after euro entry
The Slovenian Consumers' Association has warned that a wide range of price increases have been seen across the country, as business began trading in euros this week.
HKMA says exchange rate peg important
Hong Kong Monetary Authority chief executive Joseph Yam said it is important to maintain the exchange rate with the HK dollar's peg to the US dollar to safeguard financial stability.