News
IMF's Krueger announces intention to leave
Anne Krueger, First Deputy Managing Director of the International Monetary Fund, has informed Managing Director Rodrigo de Rato of her intention to leave the Fund at end of her term, which expires on 31 August.
RBA's Macfarlane on monetary policy & the media
In a transcript from a radio report on Friday 28 April, Reserve Bank of Australia governor Ian Macfarlane pondered why the Australian media covered interest rate moves much more than either the US or UK media. He also recounted a 'near-death' experience…
Kyrgyz's Sarbanov acted in 'interests of state'
Ulan Sarbanov, the former governor of the National Bank of the Kyrgyz Republic, was acquitted in court on Wednesday 26 April, along with four other ex-finance officials.
Sao Tome's central bank governor to return
Officials have been quoted as saying that the former prime minister of Sao Tome and Principe, Maria do Carmo Silveira, is to return to her role as governor of the country's central bank, once the new government has taken office.
China's economy 'overheating a little bit'
People's Bank of China governor Zhou Xiaochuan said on Friday 28 April that the increase in the official Chinese benchmark lending rate is intended to rein in growth as the economy is "overheating a little bit".
ECB's Garganas says more rate hikes possible
European Central Bank Governing Council member Nicholas Garganas said on Thursday 27 April that more interest rate rises are probably on the way, with the timing dependant on economic growth and inflation developments.
Economic vs. Monetary Union
At a meeting at the London School of Economics Friday 28 April on the Legal Foundations on International Monetary Stability discussions focussed on the divergence between Europe's successful monetary union, and its stalled economic union.
Hamas appeals to banks to help end funding crisis
According to this article published on Wednesday 26 April, officials say the Palestinian economy could quickly collapse. The independent Palestine Monetary Authority is holding talks with the central banks of Egypt and Jordan to find a way out, it says.
We hardly knew ye, conundrum; Now you're gone
According to this article published on Thursday 27 April, once Alan Greenspan was no longer around to articulate hypothetical explanations for the long-rate conundrum, it vanished with the former Fed chairman.
RBNZ leaves OCR unchanged at 7.25 per cent
The Reserve Bank of New Zealand announced on Thursday 27 April that the Official Cash Rate (OCR) will remain at 7.25 per cent.
Bank of England appoints Chief Legal Adviser
The Bank of England announced on Thursday 27 April that Dame Juliet Wheldon has been appointed Chief Legal Adviser and Adviser to the Governor.
BoE's new framework for sterling money markets
The Bank of England confirmed Wednesday that it will launch its new framework for official operations to implement interest rate decisions in the sterling money markets on 18 May.
Nacha honours Fed vice chairman Roger Ferguson
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger Ferguson, Vice Chairman of the Federal Reserve, who is completing his service to the Federal Reserve and the U.S. payments system on 28…
Iceland considers joining euro
Iceland could seek to join the euro, according to Prime Minister Halldor Asgrimsson.
Free trade is king, says BoE chief
Bank of England Governor Mervyn King said on Thursday 27 April that resisting protectionism is the key to prosperity.
China surprises with interest rate rise
The People's Bank of China raised its benchmark interest rate on Thursday 27 April in an unexpected move.
Bernanke prods Fed to review communication
According to the article "Bernanke prods Federal Reserve to review communication strategy" published on Wednesday 26 April , the Federal Reserve is preparing a comprehensive communication review. The examination will take months and seek a consensus…
Interview with Zhang Zhuoyuan
In an interview published on Wednesday 26 April, Zhang Zhuoyuan of the Chinese Academy of Social Sciences said China may widen the yuan's trading band when "suitable" to allow more gains and boost investors' role in setting exchange rates.
Strategist says central banks may sell dollars
Central banks are likely to sell dollars in 2006 as they move to diversify their reserves in favour of the euro, according to BNP Paribas SA.
Tanigaki wants orderly fx moves
Japan's finance minister Sadakazu Tanigaki said on Tuesday 25 April that sudden exchange rate movements seen after the recent Group of Seven meeting were undesirable.
ECB to weigh rate options - Gonzalez-Paramo
ECB executive board member Jose Manuel Gonzalez-Paramo said on Tuesday 25 April that the euro zone central bank will debate raising interest rates at its meeting next week, but nothing was fixed.
China must develop bond market - PBOC official
China needs to foster more domestic consumption to drive the nation's economy, and also develop its bond market, an official with the People's Bank of China said.
Bank of Canada raises interest rates
The Bank of Canada on Tuesday 25 April announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 per cent.
G-7 appeals to IMF to pressure China on yuan
The International Monetary Fund will take up the task of trying to get China to accept a stronger currency, according to this article published on Tuesday 25 April. Whether the IMF is up to shouldering the burden remains to be seen, it says.