News
Minutes suggest smaller rate cuts in Brazil
Brazil's central bank said Thursday 27 July it sees a "low probability" of inflationary pressures in the coming quarters, but interest rate cuts may need to be smaller to avoid a pickup in inflation.
BoJ 'very careful' about drastic rate hike-Yosano
Japan's Economic and Fiscal Policy Minister Kaoru Yosano said Thursday 27 July the Bank of Japan is "very careful" about implementing credit tightening too drastically.
PBOC's Yu to stay in post until replaced - report
Yu Yongding, whose term is due to end this month, will remain in his post until a replacement is found, an official in the news department of the People's Bank of China told Dow Jones on Thursday 27 July.
IMF warns Poland over super-regulator
The International Monetary Fund has warned Poland that plans for a unified financial services supervisory agency could expose the system to political interference, the Financial Times reported.
BoJ's Suda sees 'gradual' rate rises
Bank of Japan policy board member Miyako Suda repeated Wednesday 26 July the central bank's view that future rate increases would be 'gradual' if the economy continues to show sustained growth.
Israel's Fischer says fighting damages economy
The conflict between Israel and Hizbollah has had a "considerable" negative impact on Israel's economy but financial markets are expressing confidence it will bounce back, Bank of Israel Governor Stanley Fischer told CNBC television on Tuesday 25 July.
Mugabe backs RBZ's Gono
Reserve Bank of Zimbabwe governor Gideon Gono has become so unpopular that some ruling party officials want him dead, President Robert Mugabe was quoted as saying in the Herald newspaper on Wednesday 26 July.
Bernanke keeps own finances simple
This article from Associated Press, published Tuesday 25 July, provides details of the Federal Reserve chairman's financial disclosure form released this week.
PBOC adviser says right time for yuan rise
An influential economist who advises the People's Bank of China told Reuters in an interview on Wednesday 26 July that China could afford to let the yuan appreciate further in line with market forces because robust economic growth will help to cushion…
China's VP calls for stronger central bank
China's Vice Premier has called for the central bank to strengthen its political and ideological education as part of efforts to improve its financial services., according to a report on the People's Bank of China website.
First woman appointed to Bank of Spain's board
The new governor of the Bank of Spain, Miguel ngel Fernandez Ordoez, has appointed the first woman to the bank's board.
Bubbles caused by cheap cash menace world economy
According to this article from Reuters, published Tuesday 25 July, with cheap financing in abundance, financial bubbles are bound to keep building.
Bernanke's fluid inflation tone bemuses Wall St.
Federal Reserve chairman Ben Bernanke seemed remarkably unruffled last week by recent signs that inflation is accelerating, according to this article by Reuters.
Mozambique appoints new central bank governor
The President of Mozambique, Armando Guebuza, on Monday 24 July nominated Ernesto Gove to be the new governor of the Bank of Mozambique.
China needs large FX holding, says SAFE
China's economic conditions make it necessary for the holding of large levels of foreign exchange reserves, the official Shanghai Securities News reported Tuesday 25 July, citing Wei Benhua, deputy director of the State Administration of Foreign Exchange.
China 'unlikely' to raise rates too high
China is unlikely to raise commercial bank interest rates at too high a level, the official Securities Times reported, citing a senior People's Bank of China official.
Bahrain OKs establishment of central bank
Bahrain's Shura Council has approved the setting up of the Bahrain Central Bank, which will replace the Bahrain Monetary Agency but with more powers, according to Mena Report.
Lebanon's Salameh says currency 'stable'
Lebanon's currency is stable and its banks' reserves remain liquid despite the ongoing Israeli bombing campaign, the central bank governor said in an interview with Britain's Financial Times newspaper published Monday 24 July.
China may tighten policy more - report
China will tighten policy more aggressively if measures already taken fail to cool the red-hot economy, a central bank official said in remarks published on Monday 24 July.
SNB's Hildebrand says Middle East a risk
Philipp Hildebrand, a member of the Swiss National Bank's (SNB) governing board said in an interview the conflict between Israel and Hezbollah constitutes a new risk factor.
Noyer concerned over oil, house prices
Bank of France governor Christian Noyer voiced concern in an interview with Le Figaro over the high level of oil prices and the recent strong rise in French house prices.
BOJ strengthens internal regulations
The Bank of Japan's board approved internal rules on Friday 21 July that ban its leadership from engaging in most types of transaction.
ACU calls for new members
The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.
ECB sets Nov 2007 date for TARGET2
The European Central Bank on Friday 21 July confirmed the starting date for its payment system TARGET2 as 19 Nov 2007.