News
Bank of England's next move should be a rate cut
The Bank of England's Monetary Policy Committee would be making a mistake if it raises UK interest rates, according to this article published Wednesday 17 May.
As yuan breaches 8, focus shifts to Japan
According to this article published Wednesday 17 May, the dollar has fallen 6.4 percent against the yen this year, and Japanese officials aren't happy about it.
Launch of BoE's new framework
The Bank of England launched its new framework for the implementation of monetary policy to modernise sterling money markets on Thursday 18 May.
Plenderleith to be named Sanlam director - report
According to a report, the South African life assurance and financial services giant Sanlam has proposed making former South African Reserve Bank (SARB) deputy governor Ian Plenderleith an independent non-executive director.
Central bank carries out management changes
This article published Sunday 14 May looks at recent management changes that have taken place at the Bank of Uganda (BOU). It quotes the BOU's spokesman as saying that the changes will help the bank meet demands and changes in the financial and monetary…
The Gambia's central bank creates new deputy posts
The Point newspaper has quoted an unnamed reliable source as saying that Bamba Saho, general manager of the Central Bank of The Gambia, has been appointed first deputy governor of the central bank.
EU parliament backs Stark for ECB
MEPs approved the appointment of Jurgen Stark to the Executive Board of the European Central Bank in a vote on Wednesday 17 May.
Ex-SBV chief nominated as prime minister
Former governor of the State Bank of Vietnam (SBV), Nguyen Tan Dung, has been nominated as the next prime minister of Vietnam.
So yuan is at 8? Wake me up when it reaches 7.5
Greater currency flexibility is all about speed, and according to this article published Tuesday 16 May, the yuan continues to disappoint.
Norges Bank names new communications director
Siv Meisingseth, Chief Information Officer, SAS Braathens Airline, has accepted the position of communications director at Norges Bank, commencing on 1 September.
Minutes show BoE split 3 ways on rates
The Bank of England's Monetary Policy Committee was split three ways on this month's decision to keep interest rates at 4.5 percent, minutes released on Wednesday 17 May showed.
Meister sees need for hedge funds code of conduct
Bundesbank board member Edgar Meister told the Financial Times in an interview that hedge funds should introduce a code of conduct to make the industry more transparent.
Shrinking central bank asset buys worry for dollar
Foreign central banks' net purchases of U.S. assets have slumped to a mere $1.6 billion, the lowest in a year, according to this article published Monday 15 May.
Interview with RBNZ's Alan Bollard
In comments published on Tuesday 16 May, Reserve Bank of New Zealand governor Alan Bollard said he aims to ensure a soft landing for the economy while keeping inflation in check.
Padoa-Schioppa named as Italian econ min
Romano Prodi, Italy's incoming centre-left prime minister, on Wednesday 17 May named "a team and not a collection of prima donnas" which included former European Central Bank board member Tommaso Padoa-Schioppa as economy minister.
Suranyi mentioned as next NBH governor
According to Hungarian broadsheet Nepszabadsag, as well as Reuters, which cited a source in the ruling Socialist Party, the most likely next Governor of Hungary's central bank (NBH) is Gyorgy Suranyi.
Central banks are overshooters
It is the human condition to overshoot, especially on food and drink. But according to this article published Monday 15 May, central bankers can overshoot with the best of them too.
Banks shift reserves, pressuring the dollar
Central bankers from Stockholm to Dubai, seeking shelter from the falling dollar, may help weaken it further, according to this article published Monday 15 May.
Macroeconomic policy challenges conference, Oct 06
The South African Reserve Bank invites you to attend its conference on Macroeconomic Policy Challenges for South Africa to be held from 22 - 24 October 2006.
ECB not worried by dollar weakness says Liebscher
The European Central Bank is unperturbed by the dollar's current weakness and may still proceed with an interest rate increase next month, Austrian central bank chief Klaus Liebscher said in a newspaper interview published Tuesday 16 May.
EU vetoes Lithuanian euro entry, endorses Slovenia
This article published Tuesday 16 May reports news that the European Union has turned down Lithuania's bid to adopt the euro, the first time a nation has been rejected since the common currency's creation in 1999. However, Slovenia has got the nod of…
No set course for rates says ECB's Noyer
Bank of France governor Christian Noyer said on Tuesday 16 May that the European Central Bank has not decided on a predetermined direction for eurozone interest rates and will consider the economic data.
How bold a move from the ECB?
According to this article published Friday 12 May, a rate increase at the European Central Bank's upcoming meeting is almost certain, with estimates ranging between 25 and 50 basis points.
FX reserves, US deficits and global imbalances
This article published Thursday 11 May provides detailed information on foreign reserve holdings. Global reserves continue to mount this year, it says, amid renewed downward pressure on the U.S. dollar and a fresh rise in oil prices.