News
India's central bank is prudent, not miserly
According to this article published on Thursday 30 March, Reserve Bank of India governor Y.V. Reddy is perfectly capable of communicating to the market what he may or may not do, without the intervention of the finance minister.
Philly Fed chief Santomero departs
According to this article published on Friday 31 March, Philadelphia Federal Reserve Bank president Anthony Santomero steps down during a phase of unusually high turnover at the U.S. central bank.
TrygVesta appoints Nyboe Andersen deputy chairman
TrygVesta AS has appointed former Danmarks Nationalbank governor, Bodil Nyboe Andersen, as the new deputy chairman of the insurance group.
Launch of spot USD/HKD fixing
The Treasury Markets Association (TMA) announced Monday 3 April that the Spot USD/HKD Fixing would be formally launched on 6 April 2006, the Hong Kong Monetary Authority said in a press release.
HKMA pay review 2006
The Hong Kong Monetary Authority (HKMA) announced on Friday 31 March the result of the annual pay review for staff of the HKMA in 2006.
MPC inaction undermines need for meetings
This article, published on Monday 3 April, looks at recent comments by a member of the Bank of England's MPC, for the first time, which publicly question the need for monthly meetings of the interest rate setting committee.
New BOK chief says policies should be timely
The new Bank of Korea governor emphasised at a weekend press briefing that 'timeliness' was vital in enforcing monetary policy.
PBOC says not right time to raise rates
China will not raise interest rates at this time, a central bank official said, according to a report from the Xinhua news agency on Monday 3 April.
Euro disaster a salutary lesson in what not to do
According to this recent article, the idea of a single currency area for countries like China, Japan, and Korea has certain obvious appeal. However, it is a big stretch to assume that a single currency union is either the best way for them to reap those…
Bernanke may prove hawk in dove's clothing
This article published on Wednesday 29 March reports that some commentators are saying the first few glimpses into the new Fed chairman's thinking suggest he may yet turn out to be more of a hawk than many predicted.
Time for Gulf economies to increase gold reserves
According to this article published on Thursday 30 March, the prospect of selling oil for inflated dollars should send Middle Eastern central banks to the hedge commodity of gold.
Understanding Fed statement is like child's play
According to this article published on Wednesday 29 March, Federal Reserve chairman Ben Bernanke didn't quite achieve his goal of full transparency in his first time at bat this week.
ECB has sold 57 tons of gold
The European Central Bank said on Friday 31 March that it has completed a programme of gold sales amounting to 57 tons of gold.
Joint external debt website launched
The Bank for International Settlements, the International Monetary Fund, the Organization for Economic Co-operation and Development and the World Bank announced on Thursday 30 March that they are jointly launching a new website.
Review of IMF-World Bank collaboration
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF) and Paul Wolfowitz, President of the World Bank Group, announced Wednesday they have initiated a range of measures to promote a deeper and early review of Fund-Bank collaboration.
Iran denies Swiss paper's claim of gold withdrawal
An informed source at the Central Bank of Iran was quoted by IRNA on Friday 31 March as denying a story published in a Swiss daily on the withdrawal of 250 tons of Iran's gold reserves from that country's Credit Bank.
Kansas Fed's Hoenig says US rates in neutral range
A Federal Reserve official said Friday 31 March that further economic data will let the U.S. central bank know how it should proceed on interest rates.
India will grow faster with convertible rupee
According to this article published Monday 27 March, India's intention to make the rupee fully convertible could lead to full-fledged capital flight which could thrust the country into a serious banking and currency crisis.
Overhaul enhances Sri Lanka's standing in world
According to this article published on Tuesday 28 March, prominent among Sri Lanka's economic and financial reforms in the last two decades was the creation of a modern sophisticated payments infrastructure.
The battle of the central bankers
According to this article published on Wednesday 29 March, central banks around the world are now engaged in a decorous competition to demonstrate their superior communication skills.
Rivals line up for RBA succession
Australian Treasurer Peter Costello has just six months to find a replacement for Reserve Bank of Australia governor Ian Macfarlane. According to this article published on Sunday 26 March, Glenn Stevens may be favourite for the post, but there is still…
Meirelles to stay at Brazil's central bank
At the inauguration ceremony of Brazil's new minister of finance, Guido Mantega, the president of the central bank, Henrique Meirelles, said that he will continue in his post.
McGauchie reappointed to RBA's board
Australian Treasurer Peter Costello on Thursday 30 March reappointed Telstra Corp. chairman Don McGauchie to the Reserve Bank of Australia's board for another five-year term.
BoE's Lomax questions MPC meetings
Bank of England deputy governor Rachel Lomax said in a speech in Oslo on Thursday 30 March that expectations for inflation have fallen and appear well anchored around the official target of 2.0 percent.