News
Jarai says Hungarian forint vulnerable
"The forint is one of the most vulnerable currencies in the world," Hungary's central bank governor, Zsigmond Jarai said Wednesday 27 September at a conference hosted by the German-Hungarian chamber of commerce.
Fed's Hoenig says lags slowing rate impact
Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday 27 September that the impact of previous interest rate increases has not been fully felt yet and must be considered by the FOMC at future meetings.
Interview with Richmond Fed's Lacker
Federal Reserve Bank of Richmond President Jeffrey Lacker told Reuters in an interview on Wednesday 27 September the U.S. economy was on solid ground, but that inflation was still a worry.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
Mauritius plans new monetary policy framework
The governor of the Central Bank of Mauritius said Wednesday 27 September that the bank will move to a new monetary policy framework next month, the first major shift since 1999.
Solving Kozlov's murder is 'question of honour'
The Moscow Times reported Tuesday 26 September that the killers of Russia's central bank first deputy chairman Andrei Kozlov may have been hired on the cheap and had no idea who they were being paid to kill.
Israel's Fischer says 5% growth rate needed
Bank of Israel governor Stanley Fischer told the Finance Committee Tuesday 26 September economic growth must keep a pace of least five percent per year for 10 years for Israel to reduce poverty significantly in the long- term.
Japan's new fin min says BOJ taking proper steps
New Japanese Finance Minister Koji Omi said Wednesday 27 September foreign-exchange rates should move in line with the strength of their underlying economies.
Interview with Bank of England's Alastair Clark
In an interview with The Asian Banker, published Wednesday 27 September, Alastair Clark, adviser to the governor of the Bank of England, says the UK's "super regulator" model would not necessarily suit the current Chinese banking system.
Gold sales fall well below central bank pact limit
This article from the Financial Times, published Wednesday 27 September, notes that although European central banks have been big sellers of gold over the past six years, they appear to have lost their desire to sell the metal this year.
Legislator calls for external BI appointments
Bank Indonesia needs to have a deputy governor selected from among commercial bankers, a legislator was quoted as saying by Asia Pulse.
BOK chief says bond market closely monitored
Bank of Korea governor Lee Seongtae told a seminar Tuesday 26 September that the central bank is closely monitoring the bond market's movement, as its importance to the country's economy is growing.
Geithner says Fed powers may need extending
Timothy Geithner, president of the Federal Reserve Bank of New York, said late on Monday 25 September that the Federal Reserve may have to extend its supervisory authority to securities firms and hedge funds to keep up with their growing role in the…
Ex-Fed chief Volcker sees inflation creep risks
Former Federal Reserve chairman Paul Volcker said Monday 25 September that he is worried both about inflation and pressure on the U.S. central bank to not do anything about it.
BOJ's Iwata says slow rate rise likely as economy
Japanese interest rates will rise slowly and gradually if the economy continues to grow and prices keep rising, Bank of Japan Deputy Governor Kazumasa Iwata said in a newspaper interview published on Tuesday 26 September.
BOT governor named adviser to military council
Thailand's military council on Tuesday 25 September named various prominent civilians to serve as its advisers, including Bank of Thailand governor Pridiyathorn Devakula.
MPC considered rate rise says BoE's Gieve
The Bank of England's Monetary Policy Committee considered raising interest rates for the second consecutive month in September, deputy governor Sir John Gieve told the Financial Times newspaper in an interview published Monday 25 September.
China FX levels at US$1 trillion by October-report
China's foreign exchange reserves are expected to hit one trillion US dollars by September or October, the official Securities Times reported, citing a member of the central bank's monetary policy committee.
ECB's Trichet says Europe lags US on labour
European Central Bank president Jean-Claude Trichet told a panel discussion on Saturday 23 September that labour productivity is the biggest problem facing the eurozone economy.
Paper says ex-central banker may become Thai PM
A former central bank chief has been tipped to become Thailand's interim civilian leader after Prime Minister Thaksin Shinawatra was ousted in a military coup, a newspaper reported on Saturday 23 September.
Fed vigilant on inflation says Fisher
Federal Reserve Bank of Dallas president Richard Fisher said in a speech on Monday 25 September that slowing U.S. economic growth should keep inflation under control, but the US central bank will act if needed.
Liikanen warns of need for inflation vigilance
European Central Bank governing council member Erkki Liikanen said in a speech on Friday 22 September that vigilance was required on inflation despite a sharp fall in oil prices.
Kosovo banking authority becomes central bank
According to news agency KosovaLive, UN Interim Administration Mission in Kosovo (UNMIK) head Joachim Ruecker signed an agreement on Wednesday 20 September by which the Banking and Payment Authority of Kosova becomes the Central Banking Authority of…
SARB rejects IMF inflation-target suggestion
The government and the South African Reserve Bank have asked the International Monetary Fund (IMF) to stop making policy suggestions that sound prescriptive, South African Reserve Bank Governor Tito Mboweni said on Friday 22 September.