News
IMF's Carstens steps down for Mexican post
Agustin Carstens, deputy managing director of the International Monetary Fund announced Monday 16 October his intention to leave the Fund with immediate effect to accept an appointment in Mexico President-elect Felipe Calderon's transition team.
Treasury Committee to look into MPC process
The Treasury Select Committee has said it expects to look into the appointment process to the Bank of England's interest rate-setting Monetary Policy Committee some time next year.
Kuwait mulls stricter anti-money laundering laws
The Central Bank of Kuwait (CBK) will impose stricter anti-money laundering regulations to protect investments in this Islamic Gulf state, Kuwait-based newspaper Arab Times reported on Sunday 15 October.
Bank of Thailand appoints Tarisa as governor
Thailand's Cabinet approved on Tuesday 17 October the appointment of Tarisa Watanagase, Bank of Thailand deputy governor, to take over as governor, the first female governor in the bank's 64-year history.
Sri Lanka's central bank appoints more assistants
The Central Bank of Sri Lanka has promoted four senior staff officers to the post of Assistant Governor from 11 Oct, the bank said Monday 16 October.
Issing joins Goldman Sachs in adviser role
Otmar Issing, former chief economist of the European Central Bank, has confirmed that he had accepted an offer from Goldman Sachs to act as an international advisor to the investment bank.
PBOC's Wu comments on rates, use of reserves
The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.
Yi says China's yuan will rise gradually
China's yuan will rise gradually to off-set long-term appreciation pressure, People's Bank of China assistant governor Yi Gang said Monday 16 October.
BNM's Zeti says Islamic banking well capitalised
The country's Islamic banking industry remains well-capitalised considering the latest financial indicators, Governor of Bank Negara Malaysia Tan Sri Dr Zeti Akhtar Aziz said Monday 16 October.
Bank of Japan's Fukui not ruling out rate hike
Bank of Japan governor Toshihiko Fukui said Friday 13 October he is not ruling out a possible interest rate increase before the end of the year, noting that the Japanese economy is expected to continue its recovery led by solid domestic demand and brisk…
ECB's Draghi warns of volatility risks
Banks and investors may be ill prepared to handle a return to volatile conditions in financial markets, a top central banker warned on Wednesday 11 October.
Trichet endorses rate hike expectations
European Central Bank President Jean-Claude Trichet on Thursday 12 October again endorsed market expectations of a further hike in euro zone interest rates by the end of the year.
Ito says Japan panel may discuss inflation target
Japan's key economic panel may discuss whether the Bank of Japan should adopt an inflation target to aid policy coordination with the government, new panel member Takatoshi Ito said Thursday 12 October in an interview.
Lazard appoints former IMF executive
Paris Investment bank Lazard Ltd. said Thursday 12 October it appointed Gerd Hausler, a former International Monetary Fund executive, as a managing director.
Mongolia's central bank proposes Citi, ING
Mongolia's central bank has nominated Citigroup and ING to underwrite the country's first global sovereign bond, central bank governor O. Chuluunbat told Reuters on Wednesday 11 October.
BoT expects growth to strengthen next year
The Bank of Thailand expects the Thai economy next year to exceed this year's growth, boosted by a strong export growth, declined inflation rate, sooner-than-expected budget disbursement, and stable interest rate.
Fed minutes suggest rates may stay on hold
The Federal Reserve may keep interest rates on hold for an extended period after minutes of its September policy meeting, released Wednesday 11 October, showed the central bank was still wary of inflation risks.
BoE's Besley: Second round price pressures exist
Bank of England Monetary Policy Committee member Tim Besley warned Thursday 12 October that second-round inflationary pressures still exist despite the drop in oil prices.
BoE's Sentance worried on above target inflation
Bank of England rate setter Andrew Sentance, who joined the Monetary Policy Committee earlier this month, said Thursday 12 October the biggest upside risk to UK inflation is that above target consumer price inflation will fuel higher wage increases.
Mexico's Ortiz sees inflation pressures easing
Mexican central bank governor Guillermo Ortiz has forecast that inflationary pressures in Mexico will remain high for the next two months but ease by the end of the year.
MAS maintains policy on Singapore dollar
The Monetary Authority of Singapore (MAS) is sticking to its policy of allowing slight, gradual appreciation of the Singapore dollar despite expectations of weakness in the economy, it said Tuesday 10 October.
China FX regime suitable, says PBOC's Fan
People's Bank of China advisor Fan Gang said Tuesday 10 October China has few alternatives to the dollar in terms of its reserve holdings, despite the risk of losses if the greenback falls.
Russia reports arrest of Kozlov murder suspects
Special services in Moscow have unofficially confirmed reports that the killers of the first deputy chairman of Russia's central bank, Andrey Kozlov, have been arrested, BBC Monitoring Service reported Wednesday 11 October quoting a translation of a…
Fukui donates Murakami profit to charity
Bank of Japan governor Toshihiko Fukui said Wednesday 11 October he has donated to charity about 14 million yen returned so far by the Murakami Fund, whose founder has been indicted for alleged insider trading.