News
PBOC official says 'no timetable' on controls
China has "no timetable" for further easing of its foreign exchange controls, a state news agency quoted a senior official as saying on Friday 3 March .
Greenspan: The $7 million dollar man
Top publishers are lining up to bid on the memoirs of former Federal Reserve Chairman Alan Greenspan - and the price tag could reach out-of- this-world proportions.
Sultanov elected speaker of Kyrgyz parliament
Former governor of the National Bank of the Kyrgyz Republic, Marat Sultanov, was elected Speaker of the Kyrgyz parliament on Thursday 2 March by a majority of 45 votes, Itar-Tass reported.
Fed's Olson calls for Gulf region creativity
Federal Reserve Board Governor Mark Olson said on Thursday2 March that banks in the storm-hit Gulf Coast region are going to have to come up with creative solutions in the effort to rebuild operations.
Yosano not sure to give view at BOJ meeting
Japanese economy and banking minister Kaoru Yosano said on Friday 3 March that the Bank of Japan should decide when to end its quantitative easing policy and that he wasn't sure if the government would give its view at the BOJ's upcoming meetings.
BOJ set to end ultra-easy policy - report
Senior Bank of Japan officials have decided to submit a proposal to end the central bank's super-loose monetary policy at next week's BOJ board meeting, two Japanese news agencies reported on Friday 3 March.
Renminbi Settlement System goes live
The Hong Kong Monetary Authority (HKMA) and the Bank of China (Hong Kong) Limited (BOCHK) jointly announced on Thursday 2 March the launch of the new Renminbi Settlement System (RSS) on 6 March 2006.
Papademos to be named ECB chief economist - report
European Central Bank (ECB) vice president Lucas Papademos will replace Otmar Issing as chief economist in May, the Sueddeutsche Zeitung reported, citing unnamed sources close to the bank.
ECB poses no objection to Stark's appointment
At Thursday's meeting, 2 March, the Governing Council of the ECB adopted an opinion on a recommendation from the Council of the European Union on the appointment of a new member of the Executive Board of the ECB.
ECB raises rates, says more rises are possible
The European Central Bank raised its benchmark interest rate on Thursday 2 March for the second time in three months and suggested more hikes are possible as economic growth and inflation accelerate.
Report says BOJ considering 'reference rate'
The Bank of Japan is considering setting a 'reference rate' on inflation to guide markets on its monetary policy intentions, Jiji Press and other media reported.
Significant progress on global financial stability
Senior regulators, who met on Wednesday 1 March, said that progress had been made in improving the stability of the global financial system, but noted that much more needed to be done.
Fed's Kroszner sworn in
Randall S. Kroszner took the oath of office on Wednesday 1 March as a member of the Board of Governors of the Federal Reserve System.
Adams says Japan's deflation fight almost over
A senior U.S. Treasury official indicated on Wednesday 1 March that Japan has nearly beaten deflation, and China should allow its currency to be more flexible.
SARB's Mboweni blasts 'know-it-all' IMF
South African Reserve Bank governor, Tito Mboweni, slammed the IMF and World Bank on Tuesday 28 February for what he called their high handedness and know it all approach when dealing with developing countries.
Japan's LDP won't meddle with BOJ
One of Japan's ruling party lawmakers told Reuters on Wednesday 1 March that it is up to the Bank of Japan when it ends its ultra-easy policy so long as steps to contain bond yield spikes are in place.
Gold rally expected as central banks cut sales
Gold may rally in coming months as central banks reduce sales of bullion reserves, New York commodity researcher CPM Group said in its annual outlook report released Tuesday 28 February.
PBOC official sees slow dollar reserves shift
The director of the People's Bank of China's research department said on Tuesday 28 February that although China is moving toward diversifying its reserves, anyone thinking the change would be quick was misunderstanding the process.
Japan's economy minister rejects target idea
Japan's economy minister rejected the idea of inflation targets on Tuesday 28 February , calling on the Bank of Japan to instead adopt a flexible approach.
BoEs Bean warns of energy cost risks
British businesses and consumers face the real risk of another spike up in energy costs, the Bank of England's chief economist was reported as saying.
Botswana to introduce formal inflation target
Botswana's central bank has introduced a formal inflation target of 3% - 6% for the coming three years, according to a statement released by the bank.
IMF likely to raise Japan growth forecast
The International Monetary Fund will likely revise its forecast of 2.0 percent growth for Japan in 2006 "significantly" upwards, a senior IMF official said on Tuesday 28 February.
EurAsEC central bankers meet in Belarus
The XIVth session of EurAsEC Council of the heads of central banks was held in Minsk on Monday 27 February.
BoE says payment covers all stolen notes
The Bank of England said on Friday 24 February that the £25 million payment made by Securitas on Wednesday covers all the stolen notes belonging to the central bank.