News
Bank of Finland cautions on optimism
The Bank of Finland predicted Wednesday that economic growth in the country will slow down this year to 1.6 percent and increase to some 4 percent in 2006.
ECB's Mersch warns on inflation effect from oil
European Central Bank council member Yves Mersch said in an interview on Wednesday 28 September that oil prices at current levels risk boosting wages and feeding inflation.
Japanese MOF's Hosokawa says deflation persists
Japan's Vice Finance Minister said on Thursday 29 September that the country is still experiencing deflation and the government still needs to make the utmost efforts to beat price falls.
Bosnia highlights banking supervision need
Bosnia and Herzegovina's Principal Deputy High representative Larry Butler highlighted the need to centralise banking supervision in BiH under the central bank on Thursday 29 September.
Bank of Italy board supports Fazio
A majority of the Bank of Italy's governing board reaffirmed its confidence in beleaguered governor Antonio Fazio on Thursday 29 September.
Swedish central bank governor resigns
Sveriges Riksbank governor Lars Heikensten announced Thursday 29 September he will resign after he was nominated by the government to serve on the European Court of Auditors.
UK's Clarke sees euro off the agenda
Kenneth Clarke, a contender for the Conservative party leadership, reiterated that the euro was off the British political map for the next ten years on BBC Radio's "Today" programme on Wednesday morning, 28 September, as he had first told Central Banking…
China allows IFC, ADB to issue debt
China's State Council has given approval for the International Finance Corp and the Asian Development Bank to issue yuan-denominated debt on the mainland, the Ministry of Finance said in a statement on its website.
RBI adviser says no pressure on rates
An Indian monetary policy adviser said in an interview on Tuesday 27 September he saw no immediate upward pressure on interest rates but warned that the central bank could not ignore rising U.S. rates.
Bernanke sees 'small' impact from oil prices
Top White House economic adviser Ben Bernanke said on Tuesday 27 September that high energy prices are a burden on households and could ultimately restrain economic growth but so far the impact has been modest.
Italy's PM says no more can be done over Fazio
Italian Prime Minister Silvio Berlusconi told parliament on Wednesday 28 September that the government would do no more to try to remove Bank of Italy Governor Antonio Fazio.
BOJ's Suda doesn't rule out policy shift
A Bank of Japan policy board member left open the possibility on Wednesday 28 September that the central bank could ditch its ultra-loose monetary policy by the end of the fiscal year to next March.
Fed must focus on inflation says Hoenig
Kansas City Fed president Thomas Hoenig said on Monday 26 September that the damage to the US economy caused by hurricanes Katrina and Rita can be shaken off and the Fed must focus on keeping inflation at bay to maintain stable growth.
Belgium's Quaden says rates not hampering growth
The Belgian National Bank governor said in an interview that the European Central Bank's interest rates remain appropriate.
Italy considers banking supervision transfer
The Italian parliament will examine the transfer of competition supervision in the banking sector to the antitrust agency from the Bank of Italy, the daily MF said.
PBOC chief repeats gradualist approach on yuan
The head of the People's Bank of China has reiterated, through use of an old saying, that the government will take a gradual and careful approach to exchange rate reform.
BOK report sees China dominant economy by 2040
China will become the world's largest economy in terms of GDP by 2040, and India will closely follow its heels, according to a soon to be released report from the Bank of Korea.
US rebuffs French remarks on Greenspan
US officials have sought to defuse a potentially embarrassing situation after France's Finance Minister, Thierry Breton, told reporters in Washington that Alan Greenspan had admitted America had "lost control" of its budget.
Riksbank reallocates gold and for ex reserves
Sweden's Riksbank said it intends to sell up to 10 tonnes of the gold reserve in the period from 27 September 2005 to 26 September 2006.
Communique from G10 ministers and governors
The Finance Ministers and Central Bank Governors of the countries of the Group of Ten met in Washington, D.C. on 25 September.
ECB to give opinion on reforms, Fazio in 1-2 weeks
European Central Bank president Jean-Claude Trichet said in an interview in La Stampa Sunday 25 September that the ECB will give its opinion on Italian government plans to reform the Bank of Italy, and on current governor Antonio Fazio's conduct, within…
Zhou says yuan rate need not reflect trade
China's exchange rate should not reflect its large trade surplus with the United States, People's Bank of China chief Zhou Xiaochuan said in a interview published on Saturday 24 September.
Eurozone rates appropriate says Weber
ECB governing council member Axel Weber said on Sunday 25 September ECB interest rates were appropriate, despite a rise in German consumer prices.
Italy's Fazio loses World Bank role
Italy's government stripped Bank of Italy governor Antonio Fazio of his ability to represent the country at a World Bank meeting. The move came after Italian Prime Minister Silvio Berlusconi called on the ECB to help oust Fazio.