News
Reuters signs Philippines to Kondor risk software
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has contracted with Reuters for the supply and implementation of the vendor's Kondor risk management technology.
Hoenig warns on rate overshoot - report
The Federal Reserve must guard against raising interest rates too high, Kansas City Federal Reserve President Tom Hoenig said Friday 19 May in an interview with the Wall Street Journal's Greg Ip.
African central bank sells gold
A private Saudi jeweller has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals, a company spokesman was quoted by Reuters as saying on Monday 22 May, confirming a newspaper report.
Mersch says ECB will have to lift rates further
European Central Bank Governing Council member Yves Mersch said in an interview that eurozone interest rates will need to keep rising because of increased risks to price stability but that there was no fixed schedule.
BOJ's Fukui sees rates rising slowly - report
The Bank of Japan will raise interest rates gradually to keep inflation under control while also giving the economy time to recover, the Nihon Keizai Shimbun quoted BOJ governor Toshihiko Fukui as saying in an interview published Tuesday 23 May.
Bernanke regrets 'lapse of judgment'
Federal Reserve chairman Ben Bernanke said Tuesday 23 May during a Senate Banking Committee hearing that he suffered a "lapse of judgment" when he spoke to a CNBC reporter recently.
New MPC member set for grilling
The newest member of the Bank of England's Monetary Policy Committee is likely to face some tough questions when he faces MPs for his "confirmation" hearing on Wednesday 24 May, the FT reported.
Greenspan says housing bubble over
Former Federal Reserve chairman Alan Greenspan said Thursday 18 May, in his first public U.S. speech since retiring in January, that US consumption could fall now that the US housing market's "extraordinary boom" has ended.
ECB wants action on reform agenda - Trichet
European Central Bank president Jean-Claude Trichet on Monday 22 May called on the EU to implement its structural reform programme which has been revamped.
BoE's Nickell sees UK inflation checked
Spare capacity in the UK economy will help lower inflationary pressures, and will keep inflation below the Bank of England's target, according to outgoing Bank of England Monetary Policy Committee member, Steve Nickell.
Roach urges new monetary policy approach
In comments published on Monday 22 May, Stephen Roach of Morgan Stanley said he is worried that central banking's recent record will not be judged kindly by history.
Rato says more Fed hikes may be needed
International Monetary Fund chief Rodrigo Rato said on Monday 22 May that the Federal Reserve may need to continue raising interest rates depending upon how US economic conditions evolve.
PBOC says China to boost yuan flexibility in 06
China will boost the flexibility of the yuan this year, the central bank said in its annual report published in the China Securities Journal over the weekend.
Qatar appoints Lord Woolf to regulatory tribunal
Lord Woolf, formerly Lord Chief Justice, is to be appointed as the senior judge for Qatar's new financial centre. He will become the first President of the Qatar Financial Centre (QFC) Tribunal, which he will help establish, and he will preside over…
Treasuries' safe-haven status faces growing threat
According to this article published Wednesday 17 May, long-term threats to the status of Treasury bonds as a safe haven are gathering even as global investors pour money into U.S. government debt.
The new Fed chairman faces the same old dilemma
Ben Bernanke is facing the age-old test all central bankers eventually have to confront: what to do in the face of slowing growth and rising inflation, according to this article published Thursday 18 May.
Work on converging accounting standards must go on
According to this article by Tommaso Padoa-Schioppa, published Friday 19 May, convergence between IASB and US standards is just one step on the road towards high quality, understandable and enforce-able global accounting standards.
Rato appoints committee to study IMF costs
IMF Managing Director Rodrigo de Rato on Thursday 18 May announced the appointment of a committee of eminent persons to provide the Fund with an independent view of the available options for ensuring that it has a sustainable and durable income base with…
IMF's Rato proposes new first deputy MD
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), on Thursday 18 May proposed the appointment of John Lipsky to the position of First Deputy Managing Director.
Kyrgyzstan approves new central bank chief
Kyrgyzstan's parliament on Thursday 18 May approved by majority vote the appointment of Marat Alapayev as chairman of the National Bank of Kyrgyz Republic, RIA Novosti reported.
Kohn going to be next Fed vice-chairman
US president George W. Bush on Thursday 18 May announced plans to nominate Fed governor Donald Kohn to be vice chairman of the Federal Reserve Board of Governors.
Nout Wellink to chair Basel Committee
The Group of Ten (G10) central bank governors and heads of banking supervision said Friday 19 May that they have appointed Nout Wellink, President of the Netherlands Bank, as the new Chairman of the Basel Committee on Banking Supervision.
Liikanen: EU must improve cross-border payments
ECB governing council member Erkki Liikanen said in comments published on Thursday 18 May that the EU must strengthen its payments system.
Liebscher says ECB worried on inflation
Austrian national bank governor Klaus Liebscher told reporters Friday 19 May that the European Central Bank is worried about risks to the eurozone's inflation outlook.