News
ECB raises rates, signals more to come
European Central Bank President Jean-Claude Trichet signalled the bank plans to raise its key interest rate again in December after raising eurozone rates on Thursday 5 October.
PBOC says macro-controls producing desired effect
The People's Bank of China said in a statement posted on its website Wednesday 4 October that its macro-controls to slow the country's overheated economy have started to produce the intended effect.
Post-coup Thai cabinet announcement expected
Thailand's interim, post-coup cabinet is likely to be announced tomorrow or Friday, Bank of Thailand chief Pridiyathorn Devakula said on Wednesday 4 October.
ECB says final decision on T2S in 2007
The European Central Bank will make a final decision on whether to proceed with its proposed Target 2 Securities settlement system in the first half of 2007, executive board member Gertrude Tumpell-Gugerell said Wednesday 4 October.
Swift defends role in data exchange
Swift, the Belgian company accused of transferring data on financial transactions to the US authorities, has refuted claims that it acted illegally.
Change at top likely at Bank of Thailand
This article from the Bangkok Post, published Tuesday 3 October, focuses on potential replacements for Bank of Thailand as M.R. Pridiyathorn Devakula after he confirmed he had been approached to join the interim cabinet.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.
CBO signs PWC supervision agreement
The Central Bank of Oman (CBO) has signed an agreement with PricewaterhouseCoopers (PWC) to achieve a smooth migration into risk-based supervision (RBS).
Japan can declare deflation over says Omi
Japan's Finance Minister Koji Omi said Tuesday 3 October that the country can declare that its battle with more than seven years of falling prices is over.
BOT chief takes role in military-backed govt
Bank of Thailand governor Pridiyathorn Devakula said Monday 2 October that he will join the cabinet of the new military-backed government in an as yet undecided role.
Almunia silent on date for Lithuanian euro entry
EU economic and monetary affairs commissioner Joachim Almunia declined to set a date for Lithuania to enter the eurozone in a speech Monday 2 October.
Japan's PM Abe expects BoJ to support growth
Japan's Prime Minister Shinzo Abe told parliament Monday 2 October that he expects the Bank of Japan to support growth through its policies as the economy continues to emerge from deflation.
PBOC chief says yuan flexibility expanding
The flexibility of China's currency is gradually being expanded as the influence of market forces grows stronger, the People's Bank of China chief said in an interview published Monday 2 October.
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
Interview with Central Bank of Yemen's Al-Maswari
In an interview published by the Yemen Times on Friday 29 September, the chairman of the Central Bank of Yemen, Hussian Al-Maswari, said the government of Yemen represented by the Central Bank should give more attention to developing the banking industry.
Riksbank to sell 10 tonnes from gold reserves
Sweden's Riksbank said on Friday 29 September it intends to sell up to 10 tonnes of its gold reserves between Sept 2006 and Sept 2007, in order to obtain a better risk-adjusted return on the its assets.
ECB will move forward with financial integration
A European Central Bank executive board member signalled in comments to the Financial Times, published Friday 29 September, that the ECB will push ahead with plans to increase eurozone financial integration by providing securities settlement services,…
China FX regulator denies new forex rules reports
China's State Administration of Foreign Exchange (SAFE) denied media reports on Friday 29 September that it intends to issue a new regulation governing foreign exchange today.
Kluza named chief of Poland's new regulator
Former minister of finance Stanislaw Kluza was on Friday 29 September named as the head of Poland's new commission designed to supervise the rapidly growing financial sector, Deutsche Presse-Agentur dpa reported.
RBI governor sees long term real rate challenge
Reserve Bank of India governor, YV Reddy said Thursday 28 September that long term interest rates pose a challenge to the "effectiveness of the economy."
New Japan MOF chief to be soft on BOJ
According to this article from Reuters, published Wednesday 27 September, newly appointed Japanese finance minister Koji Omi is unlikely to adopt his predecessor's stance on intervention in the Bank of Japan's monetary policy.
Weber sees inflation risks despite oil price fall
Germany's Bundesbank president Axel Weber said Thursday 28 September the eurozone still faces inflation risks despite the recent dip in oil prices.