News
Interview with Central Bank of Russia's deputy
In an interview published on Thursday 6 July, Central Bank of Russia deputy chairman Konstantin Korishchenko told Prime-Tass Russia's inflation rate is increasingly dependent on international capital flows.
RBNZ issues Statement of Intent
The Reserve Bank of New Zealand released its Statement of Intent (SOI) for 2006-2009 on Wednesday 5 July. The SOI recognises increasing demands on the Bank's policy outputs in a changing economic environment.
BOJ to bar private funds holdings - report
The Bank of Japan plans to prohibit its senior officers from trading in stocks and holding stakes in private investment funds, the Nihon Keizai Shimbun reported Wednesday 5 July, without identifying any sources.
RBNZ releases Explaining Currency booklet
The Reserve Bank of New Zealand on Monday 3 July released a third edition of its popular Explaining Currency booklet. The booklet takes readers through the history of New Zealand's currency, describes the banknote and coin designs, and how banknotes and…
RBZ's Gono sees 'dramatic' economic recovery
Zimbabwe's struggling economy is set for a "dramatic" recovery in the next two to three years on the back of expected growth in mining and commercial farming, central bank governor Gideon Gono said in an interview with Reuters on Wednesday 5 July.
Soccer star Kewell could transfer to RBA
A recent poll of business leaders and economists, reported by The Age, shows that Reserve Bank of Australia deputy governor Glenn Stevens is the most preferred candidate to succeed governor Ian Macfarlane.
Myanmar moves central bank headquarters
The Central Bank of Myanmar on 5 June moved its headquarters to Naypyidaw, the new administrative capital, The Myanmar Times reported.
Turkish PM says central bank fulfilling duties
Turkish Prime Minister Recep Tayyip Erdogan indicated in a speech that Turkey's central bank was fulfilling its tasks.
Bank of Portugal sold 15 tonnes of gold recently
The Bank of Portugal said on Tuesday 4 July that it has sold 15 tonnes of gold from its reserves in the last few months.
Decoding Fed's statements requires experts
According to this article published Sunday 2 July, trying to decipher the Federal Reserve's policy statements can be like trying to understand hieroglyphics.
Former SARB deputy governor to advise Mboweni
The Reserve Bank of South Africa said Monday 3 July that governor Tito Mboweni has appointed former deputy governor Xolile Guma as his special adviser.
Sri Lanka's new governor to protect independence
Sri Lanka's newly appointed central bank governor said on Monday 3 July that he will promote the independence of the institution, which has come under fire in recent years.
China announces new appointment to PBOC
The BBC Monitoring Service on Tuesday 4 July reported the text of a report by official Chinese news agency Xinhua saying that China's State Council recently appointed Liu Shiyu as vice governor of the People's Bank of China.
Japanese cabinet minister backs BOJ rate hike
Japan's Economic and Fiscal Policy minister Kaoru Yosano told public broadcaster NHK conditions are being met for an imminent rate hike by the Bank of Japan.
UAE central bank set to enter the gold market
According to this article published Monday 3 July, the United Arab Emirates central bank will soon enter the gold market and also purchase euros as a diversification of the national currency reserves presently held in US dollars.
Riksbank united on rate increase, minutes show
The board of the Swedish Riksbank was unanimous in its 19 June decision to hike the repo rate by 25 basis points to 2.25 pct, according to the minutes of the monetary policy meeting published Monday 3 July.
Fed's 17th increase leaves India with no choice
According to this article published Monday 3 July by Bloomberg, the Reserve Bank of India cannot afford to skip another quarter-point increase in July, with the Federal Reserve boosting rates last week.
Reserve Bank of New Zealand increase cash reserves
The Reserve Bank of New Zealand said on Friday 30 June it would increase the level of liquidity in the money market, but added that did not signal a change in monetary policy.
Have central banks sown the seeds of the next bust
In an article published Monday 3 July, Stephen Roach of Morgan Stanley says he is increasingly worried that history will not treat the recent record of central banking kindly.
Report says BOJ likely to start raising rates
The Bank of Japan is expected to start raising interest rates this month or next, a news report said Monday 3 June.
Mishkin nominated to Fed board
US president Bush nominated Frederic Mishkin, a professor at Columbia University, to join the Federal Reserve Board on Friday 30 June.
NBP's Balcerowicz critical of extending powers
In the opinion of National Bank of Poland (NBP) head Leszek Balcerowicz, proposals to amend the NBP Act could lead to exerting political pressure on the institution, Polish News Bulletin reported.
Fed raises rates, suggests may be nearing end
The Federal Reserve raised US interest rates to the highest point in more than five years Thursday 29 June and suggested the rate hike cycle may be nearing the end.
Nigeria removed from FATF list
In an announcement issued on Friday 23 June the Financial Action Task Force (FATF) announced that Nigeria has been removed from the Non-Cooperative Countries and Territories (NCCT) list.