News
PBOC chief sees opening up of financial markets
People's Bank of China governor Zhou Xiaochuan said Thursday 21 September that China will continue developing and opening up its financial market.
Court says Polish bank probe unconstitutional
Poland's constitutional court ruled Friday 22 September that a parliamentary commission set up to probe the activities of the country's central bank and its governor Leszek Balcerowicz was unconstitutional, AFX Europe said.
SARB's Mboweni warns rates may have to rise
South Africa's central bank warned on Thursday 21 September that a large deficit on the country's current account could force interest rates higher.
Riyadh to host payment systems conference
A two-day international conference on 'Payment Systems in Saudi Arabia and GCC countries' is to be held in Riyadh from 14 November. The forum will discuss the present mode of electronic access to funds at remote locations and future strategies.
China's Zhou says no timetable to widen yuan band
The People's Bank of China has no timetable for widening the trading band for the yuan against the dollar, PBOC governor Zhou Xiaochuan said Thursday 21 September.
Fed, staying put, seeks signals for next move
This article published Thursday 21 September by Bloomberg says that the Federal Reserve's decision to leave US interest rates unchanged on Wednesday indicates they still want to see how matters unfold before doing anything else.
Dodge adviser says statements can be mis-read
An advisor to Bank of Canada governor David Dodge said on Wednesday 20 September that investors sometimes read too much into the statements announcing central bank interest-rate decisions, and may look for clues that aren't there.
Fed appoints successor to Rich Spillenkothen
The Federal Reserve Board on Thursday 21 September announced the appointment of Roger T. Cole as director of the Division of Banking Supervision and Regulation, effective immediately.
Russia appoints new supervision head
A new official has been appointed to run the Russian central bank's Banking Supervision Committee, following the murder of the first deputy chairman a week ago, the bank announced Thursday 21 September, according to RIA Novosti.
CNB's Erbenova rules out 2010 euro date
Czech National Bank board member Michaela Erbenova told daily newspaper Dnes that the Czech Republic will not adopt the euro by its 2010 target date.
BOT chief denies premiership rumours
Bank of Thailand (BOT) governor M.R. Pridiyathorn Devakula on Wednesday 20 September denied a rumour he had been approached to take the Thai premiership.
ECB Liikanen says more rate hikes needed
The European Central Bank will have to raise interest rates again if it is to keep inflation under control, Finnish central bank chief Erkki Liikanen said in a newspaper interview published Wednesday 20 September.
BoE minutes show inflation concerns worry MPC
Bank of England Monetary Policy Committee members said in minutes released Wednesday 20 September that inflation is likely to speed-up and growth will stay around the long-term average.
Central banker of the year announced
Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.
GCC central bank to be based in Abu Dhabi
The GCC states have already agreed to base the new GCC central bank in Abu Dhabi, a report said.
China adds other currencies to reserves
Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE), said in an article carried in the latest issue of the Emerging Markets magazine that China has cut the proportion of US dollars assets in its foreign exchange reserve in recent…
ECB's Weber not worried on Iran reserves threat
A threat by the Central Bank of Iran to move its foreign exchange reserves out of dollars into other currencies, notably the euro, should not necessarily be a cause for concern, European Central Bank Governing Council member and Bundesbank President Axel…
ECB's Liikanen sees 'challenge' to cut inflation
Bringing eurozone inflation back down to the European Central Bank's target level of 2 pct or lower will be "a challenge", even over the medium term, said ECB governing council member Erkki Liikanen in an interview published Tuesday 19 September.
Hedge funds take backseat to Asian central banks
According to this article from Bloomberg, published Friday 15 September, hedge funds are taking a backseat to Asian central banks.
China making progress on FX reforms says Zhou
China's foreign exchange reforms have made "significant progress," though the impact will be seen over time, People's Bank of China governor Zhou Xiaochuan told fellow financial leaders on Tuesday 19 September.
Oman begins automated clearing
Oman's central bank has started its automated clearing house system for handling bulk electronic credit and debit transfers, according to the Oman Daily Observer.
Barker says MPC surprised by house price jump
Bank of England Monetary Policy Committee member Kate Barker told the Daily Telegraph the recent jump in UK house prices has surprised the MPC.
Trustees for emerging markets holds first meeting
Members of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets held their inaugural meeting on Monday 18 September in Singapore. The discussions focused on a review of the Principles and their…
IMF members approve voting reform plan
The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.