News
PBOC should raise rates again, says economist
A well-known Chinese economist was quoted by Xinhua News as calling for another interest rate hike as the economy pushed ahead at the fastest pace in a decade.
SBV strengthens communications, security
The State Bank of Vietnam (SBV) has selected advanced technologies from Cisco Systems to help increase operational efficiencies in its countrywide infrastructure and provide a platform to regulate the banking system.
Esca expects to gain greater authority
The Emirates Securities and Commodities Authority (Esca) will gradually execute all functions of the financial authority, Gulf News reported.
BIS' Knight to join Nobel Laureate Meetings
The General Manager of the Bank for International Settlement in Basel, Dr. Malcolm Knight, is to become a new member of the Honorary Senate of the Foundation of Nobel Laureate Meetings in Lindau, Germany, the Council for the Lindau Nobel Laureate…
African central bank governors meet in Namibia
Central bank governors from across Africa have converged on Windhoek to participate in the Assembly of African Central Bank Governors (AACB) conference taking place this week.
World Bank sees China economy slowing
The World Bank said on Tuesday 15 August that China's economy is likely to slow slightly over the rest of the year and Beijing will probably wait to see the impact of current tightening steps before deciding if more are needed.
RBA's Macfarlane facing final hearing
The Australian House of representatives economics committee will hold a public hearing on Friday 18 August with the Reserve Bank governor, Ian Macfarlane.
War will slow growth says Israel's Fischer
Bank of Israel Governor Stanley Fischer said in an interview that war with Hizbullah will cut the nation's economic growth rate by 1 percentage point this year.
Report says US considering inflation gauge change
The US Bureau of Labor Statistics is contemplating a change in the consumer price index that may have an impact on how markets and policymakers interpret inflation data, the Wall Street Journal reported on Monday 14 August, citing a government official.
SNB's Roth sees continued rate hikes
Swiss National Bank president Jean-Pierre Roth said in an interview with Swiss Sunday paper NZZ am Sonntag that the SNB will continue its policy of gradual interest rate hikes.
RBZ's Gono given increased protection
Reserve Bank of Zimbabwe governor Gideon Gono has been given increased security following a recent arson attack on his property, the Zimbabwe Standard reported.
France's Breton says sharp ECB hikes not needed
France's Finance Minister Thierry Breton said in an interview there is no need for the European Central Bank to continue raising interest rates much above the current 3.0 pct level.
BOJ steps in after Tokyo blackout
The Bank of Japan began supplying emergency funds Monday 14 August to the interbank market after a blackout halted fund settlements.
New PBOC adviser says 5% yuan gain okay
It would be acceptable to China for the yuan to appreciate by about 5% a year in the coming two years, a member of the People's Bank of China monetary policy committee, Fan Gang, said in an article published in Monday's 21st Century Business Herald.
Fan Gang to join PBOC committee
China's Cabinet said Friday 11 August it had appointed economist Fan Gang to the People's Bank of China's monetary policy committee, an advisory body to the central bank.
BOJ's Fukui says rate hike not ruled out
Bank of Japan governor Toshihiko Fukui said Friday 11 August the central bank will "slowly" adjust interest rates while keeping a close eye on economic and price moves ahead.
Zimbabwe's Gono warns of 'inflation dragon'
Reserve Bank of Zimbabwe chief Gideon Gono urged Friday 11 August a fight against the "inflation dragon," saying it still posed a major threat to the economy although the rate has fallen back to just under 1 000% recently.
The curse of the parochial view
This article by Samuel Brittan of the Financial Times, published Friday 11 August, compares the reaction to the recent round of central bank interest rate decisions.
UK freezes bank accounts of terror suspects
The Bank of England said Friday 11 August it had frozen the accounts of 19 of the 24 men arrested in an alleged terror plot, and publicly released their names.
Foreign buyers bring a host of challenges
According to this recent article by Bank of Mexico governor Guillermo Ortiz, published in The Banker magazine, the purchase of developing country banks by global banks can be mutually beneficial.
Fed probably will skip rate increase next month
According to this article published Wednesday 9 August, by John Berry of Bloomberg, the best guess is probably that there won't be a rate increase in the US next month.
PBOC will increase yuan flexibility
The People's Bank of China said on Thursday 10 August that it would gradually increase the flexibility of the yuan's exchange rate and that market forces would play a fundamental role in determining its value.
Zimbabwe seizes trillions of old notes
State media reported on Wednesday 9 August that Zimbabwe security agents had seized more than Z$10-trillion (about $40m) in old banknotes at the country's main airport in a campaign against money laundering.
Lithuania sets sights on eurozone entry in 2009
The Lithuanian government has said that it will pass a euro adoption plan this Autumn, according to a local press report.