News
BCCI case was built on air - not even sand
Publication of the formal judgment on Wednesday 12 April finally brought to an end the BCCI litigation case against the Bank of England described as a myriad of "hopeless inconsistencies and implausibilities".
RBI seen taking a hard line on rates
According to this article published Thursday 13 April, the Reserve Bank of India's stand in January makes analysts believe it will keep its own counsel and raise rates again at its annual monetary statement on Tuesday.
Fed policy makers behind closed doors
This article published on Wednesday 12 April looks at the recently published transcripts of minutes from the FOMC meetings in 2000. Behind the scenes, our central bankers and their advisers let their hair down a bit, it says.
Central bank on the rampage
According to this article on the Bank of Israel, corruption, concealment and deception have permeated an institution that is supposed to serve as a beacon of justice and ethics.
Greenspan says global imbalances can improve
Former Federal Reserve chief Alan Greenspan told a conference on Wednesday 12 April that global economic imbalances could improve if high-growth economies allowed their currencies to strengthen.
Forecasts pivotal given lags says Fed's Stern
Minneapolis Fed President Gary Stern said on Tuesday 11 April that economic forecasts are vital to the Federal Reserve's decision making because of the delay between policy moves and their economic impact.
Russia signs agreement on reserve management
The Central Bank of Russia is implementing treasury and asset management software from London-based Trema to support its reserve management operations.
BoJ's Fukui watching long-term rates closely
Bank of Japan governor Toshihiko Fukui voiced concern over rising long-term interest rates on Wednesday 12 April as data showed further evidence of a solid economic recovery.
France must speed reforms - Trichet
European Central Bank president Jean-Claude Trichet said in an interview published Tuesday 11 April that France has been too slow to implement reforms to make its economy more flexible.
BoJ's Fukui says 'no deviation' from reserve level
Bank of Japan governor Toshihiko Fukui said Tuesday 11 April there has been "no deviation" in the planned pace of reduction in commercial banks' current account reserves held at the BoJ.
China dollar reserves pose risk - report
China's foreign exchange reserves are exposed to heavy risks of US dollar fluctuations but there are no other alternatives now that can replace the greenback, a researcher said in an article published in the China Business News.
Liebscher hints at ECB rate rise
European Central Bank council member Klaus Liebscher signalled in an interview published Monday 10 April that the euro zone central bank may raise interest rates in June to curb inflation.
Will IMF set sights on managing global reserves?
This article published on Saturday 8 April says that some indication of the IMF medium-term strategy report's likely content can be gleaned from a series of speeches given over the past two months by de Rato, and deputy managing directors Takatoshi Kato…
Columbia economist linked to Fed board
The Federal Reserve is reported to be considering appointing former Columbia University economist and ex-Federal Reserve Bank of New York senior staff member Frederic Mishkin as vice chairman of the Fed's board.
Kyrgyz Rep's Sarbanov resigns
Ulan Sarbanov has been relieved of his post of chairman of the Kyrgyz National Bank "as of 30 March in line with his letter of resignation". The president recently signed the relevant decree, according to the Kyrgyz AKIpress news agency website.
Fed's Poole: Inflation rise difficult to reverse
William Poole said on Friday 7 April that it would be more difficult for the Federal Reserve to deal with a spike in inflation than a softening of growth.
Interview with ADB's Kuroda
In an interview published on Sunday 9 April, the President of the Asian Development Bank Haruhiko Kuroda said Asian countries, including China, already have ample foreign exchange reserves and there is no need for them to accumulate more.
China's forex reserves bring risks: ADB
A senior official at the Asian Development Bank said on Saturday 8 April that China could be accumulating too much foreign exchange reserves and should manage the associated risks carefully.
Tanigaki says Japan hasn't escaped deflation yet
Japanese Finance Minister Sadakazu Tanigaki said Saturday 8 April that the world's second-biggest economy has yet to beat deflation fully.
Full rupee float 'not earlier than 2009'
India's Finance Minister Palaniappan Chidambaram does not expect the rupee to become fully convertible before 2009, he said in an interview with Singapore's Straits Times published on Friday 7 April.
Brazil central bank directors resign
Brazil's central bank said in a statement on Thursday 6 April that Alexandre Schwartsman, the head of its international relations department, and Sergio Darcy, chief of its norms department, had asked to step down.
Turkish governor name sent to president
Turkish State Minister and Chief Negotiator for EU talks Ali Babacan said on Friday 7 April that the government's decision on the appointment of a new central bank governor will be sent to President Ahmet Necdet Sezer today.
New BOK deputy governor appointed
South Korea's president Roh Moo-hyun on Thursday 6 April appointed Lee Sung-il, CEO and president of the Seoul Money Brokerage Services, deputy governor of the Bank of Korea (BOK).
ECOFIN's Grasser says Slovenia may join euro in 07
Austrian Finance Minister Karl-Heinz Grasser, whose country holds the rotating EU presidency, said Slovenia has a good chance of joining the euro on 1 January 2007.