News
Mishkin sees benefits in inflation target range
According to this article by Reuters, published Wednesday 2 August, a new study by incoming Federal Reserve governor Frederic Mishkin says inflation target ranges can help central banks sidestep political pressure to let prices rise and achieve low…
IMF to give emerging economies votes
Managing director Rodrigo Rato said the International Monetary Fund is ready to give emerging economies greater representation in the organisation with changes to members' voting powers in September.
Belgium's Quaden says all things possible
Belgian National Bank governor Guy Quaden said in a radio interview it is possible for the European Central Bank to control inflation at the same time as promoting growth.
Report says yuan rise not guaranteed
A rise in the Chinese currency is not guaranteed, but the exchange rate is increasingly reflective of market forces, central bank vice governor Wu Xiaoling told Xinhua news agency.
BOJ punishes 41 staff after expenses probe
The Bank of Japan said Friday 4 August it would punish 41 officials for either receiving or paying higher than necessary allowances for air travel in the seven years from 1999.
Trichet says further rate rises may be 'warranted'
European Central Bank president Jean-Claude Trichet said Thursday 3 August more interest rate increases may be "warranted" after the bank increased eurozone rates for the fourth time in eight months.
Bank of England appoints Finance Director
The Bank of England announced on Wednesday 2 August that Warwick Jones has been appointed Finance Director of the Bank of England from 1 October. Mr Jones will be an Executive Director of the Bank and a member of the Executive Team.
Simon Brooks appointed Vice-President of the EIB
Simon Brooks, a former Director in the Macroeconomic Policy and International Finance Directorate of the UK Treasury, has joined the European Investment Bank (EIB) as Vice-President.
Ghana's Acquah says economy is resilient
Dr. Paul Acquah, governor of the Bank of Ghana, said the real sector of the economy in the first half of the year was robust in spite of the rising petroleum prices and the effect on domestic fuel prices.
Israel's Fischer: conflict costing economy
Israel's conflict with Hizbollah is costing the economy up to 1 billion shekels a week and will push up the budget deficit by 0.6 percent this year, Bank of Israel governor Stanley Fischer said on Wednesday 3 August.
Surprise as Bank of England tightens early
The Bank of England raised interest rates by a quarter-point on Thursday 3 August, bringing the official bank rate to 4.75% after a year on hold.
ECB's Opinion on National Bank of Poland law
The European Central Bank on Thursday 3 August published an Opinion in which it expressed concern over proposed amendments to National Bank of Poland statutes which relate to changes in the composition of the Banking Supervision Commission.
IMF's Rato says Japan's deflation almost over
International Monetary Fund Managing Director Rodrigo de Rato said Thursday 3 August that "deflation has, by most measures, ended" in Japan.
Report says BOJ expenses overcharged
Bank of Japan employees allegedly padded travel costs by 100 million yen (US$870,000; euro680,000), Kyodo News agency reported.
The Old Lady can afford to be patient
According to this article by the Financial Times, published on Wednesday 2 August, there is a big difference between the predictability of the ECB's plans on Thursday, and the uncertainty surrounding the Bank of England's decision the same day.
BoJ will raise rates at slow pace
Bank of Japan policy board member Atsushi Mizuno said Wednesday 2 August that the central bank will raise short-term interest rates at a "slow" pace while cautiously watching economic and price situations.
Report says PBOC shifts focus to yuan defense
State media reported that the People's Bank of China is to change the way that it sells sterilization bills into the market, indicating a policy shift towards defense of the exchange rate.
Counterfeiters finally crack the Euro note
According to this article published on The New Zealand Herald's website on Wednesday 2 August, the amount of counterfeit currency discovered in the 12 euroland countries is now running at 600,000 notes a year - roughly the same as before the single…
Paulson says appreciation would benefit China
U.S. Treasury Secretary Henry Paulson joined Chinese officials on Tuesday 1 August in asking for faster gains to cool economic growth.
Gono's monetary policy unsound and ineffective
According to this article published by the NewZimbabwe website on Tuesday 1 August, the Zimbabwean economic meltdown is rooted in a crisis of political governance and legitimacy.
Malaysia appoints three new assistant governors
Bank Negara Malaysia announced Wednesday 2 August the appointment of three additional Assistant Governors, Dato' Mohd Nor bin Mashor , Puan Lillian Leong Bee Lian and Encik Gopala Krishnan Sundaram, effective immediately.
China to pursue greater flexibility - report
China is succeeding in slowing the momentum of money and credit growth but cannot afford to drop its guard, the official Xinhua news agency on Wednesday 2 August quoted the central bank as saying.
Words speak as loud as numbers for Bernanke's Fed
This article from Bloomberg, published Tuesday 1 August, notes that the Federal Reserve's 24-25 Oct FOMC meeting "will be expanded to two days to allow time for discussion of communications issues."
Greek banking sector "needs supervision"
According to the commentary 'Our banking sector needs supervision', published Saturday 29 July, by the Kathimerini, the Bank of Greece is shirking its supervision responsibility.