News
Basel Committee seeks comments
The Basel Committee on Banking Supervision on Thursday 6 April issued for public comment updated versions of the 1997 Basel Core Principles for Effective Banking Supervision and the 1999 Core Principles Methodology.
Yuan compromise?
According to this article by Lawrence Lindsey, published on Thursday 6 April, President Bush and Chinese President Hu Jintao will have a lot to talk about at their meeting in Washington later this month. The central economic question will be the proper…
Trichet leaves ECB's monetary moves in doubt
According to this article published on Friday 7 April, a burst of candor from European Central Bank President Jean-Claude Trichet has left analysts reassessing the timetable for future ECB monetary policy moves. That reassessment may not have gone far…
'Dissolving' Fed secrecy
According to this article published on Wednesday 5 April, in 2000, when Wall Street's bubble burst, Federal Reserve Chairman Alan Greenspan and other Fed officials revealed in their meetings plenty of concern about just where things might be headed.
Gulf states buy euros with their reserves
According to this article published on Wednesday 5 April, a diversification of Middle East reserves could have a negative impact on Washington's ability to finance its debt.
Ex-BoJ's Taya sees one rate rise by year-end
The Bank of Japan is expected to raise interest rates once by the end of the year and twice in 2007, a former board member said on Thursday 6 April.
Dispute over Bundesbank board plans - report
A dispute has arisen between the German government and the governments of the individual German states over plans to reduce the management board of Deutsche Bundesbank, the German central bank, Die Welt reported.
Trichet says markets misread ECB rate stance
European Central Bank president Jean-Claude Trichet said Thursday 6 April that eurozone governments need to use the current economic upturn to cut their budget deficits faster.
Korea to get 3 new BOK board members
With new Bank of Korea Governor Lee Seong-tae showing himself to be somewhat more hawkish than his predecessor, this article published Thursday 6 April says that the focus has now shifted to three other appointments to be announced to the policy-making…
Will India free the rupee?
According to this article published Tuesday 4 April, full convertibility of the rupee should give companies more access to foreign debt markets, cut delays in foreign exchange trades, and enhance foreign investor access to India's banks and debt market.
Should GCC states diversify reserves?
According to the article 'Should GCC states diversify reserves away from the US dollar?' published Tuesday 4 April, the discussion among GCC central banks about diversifying away from the US dollar comes at a time when the greenback has already devalued…
Central banks differ on RBI / MAS pact
The Reserve Bank of India and the Monetary Authority of Singapore have differences on many issues relating to the India-Singapore Comprehensive Economic Co-operation Agreement, the Business Standard newspaper reported Wednesday 5 April.
PBOC official says China not pursuing reserve rise
China is not deliberately pursuing expansion of its foreign exchange reserves or any particular level of reserves, a vice head of the central bank said in comments published on Wednesday 5 April.
Acting deputy governor appointed in Turkey
The Turkish government has appointed Cigdem Kose, general director of the central bank's markets department, as acting deputy governor after a vice governor retired, the bank said.
Feds Hoenig says 'close to where we need to be'
Interest rates are very close to appropriate levels after 15 straight meetings with quarter-point rate hikes, said Thomas Hoenig, the Kansas City Fed president.
Kenya: Inside the central bank
This article published Sunday 2 April says that the fact that central bank governors always find themselves in trouble with the establishment is not surprising, not when one considers the enormous powers bestowed on the office.
Interview with Afghanistan's Delawari
According to an interview with Central Bank of Afghanistan governor Noorullah Delawari, published Saturday 1 April, security risks in the country are a major obstacle to investment outside of aid plans.
Which model for the central bank?
According to this article published Monday 3 April, the question of which model the State Bank of Vietnam should adopt is being raised again.
Bank of Canada to upgrade $5 banknote
The Bank of Canada on Tuesday 4 April announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.
Jersey co-operation with Qatar Central Bank
The Jersey Financial Services Commission and the Qatar Central Bank signed a Memorandum of Understanding on Friday 31 March.
Reserve Bank of Malawi seeks autonomy
The Reserve Bank of Malawi has proposed for the amendment of the Malawi constitution so that it can move to a semi-autonomous status.
Brazil to keep building reserves - Meirelles
Brazil's central bank will keep buying U.S. dollars in the currency market in a bid to build up international reserves, central bank President Henrique Meirelles told reporters.
UAE, Qatar may buy euros for reserves
The United Arab Emirates and Qatar said they may buy euros with some of their combined $30 billion of foreign exchange.
Chinese official calls for cut in debt holding
China should stop buying U.S. Treasuries and take measures to reduce its holdings in those bonds, a Hong Kong newspaper on Tuesday 4 April quoted a high-ranking Chinese official as saying.