News
Brazilian SWF: on or not?
The status of the Brazilian plans to establish a sovereign wealth fund has become clouded following reports of conflicting views in the government.
Norway holds rates as inflation creeps up
Norway's central bank kept its policy rate at 5.5% in the face of above-target inflation, concerns over continued market turbulence and signs of slowing growth.
Poland leaves rates unchanged
The ten-strong rate setting council of the National Bank of Poland voted to keep its reference rate at 5.75% as inflation fell but remained above target.
Is Iran's Mazaheri to be replaced?
Sections of the Iranian media have reported that Tahmasb Mazaheri, the governor of the country's central bank, is to be replaced less than nine months after taking the top job.
Political spat threatens further BoJ appointments
Japan's main opposition party has rejected yet another candidate for a senior role at the Bank of Japan.
Netherlands to probe effect of bankers' pay
The Netherlands Bank is to scrutinise the impact of bankers' bonuses on risk taking, the governor of the institution has said.
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
Finland rakes in €10m from property sale
The Bank of Finland has made about €10m ($15.7m) from the sale of an apartment block in the centre of Helsinki.
Former Bank of Italy chief to stand trial
Antonio Fazio, a former governor of the Bank of Italy, will go to court in October to answer questions over his alleged role in a takeover scandal.
Norwegian SWF in the red for Q1
Norway's Government Pension Fund - Global recorded a loss of 5.6% for the three months to March on the back of the slump in global equity markets.
Likely Greek governor leaves commercial bank
George Provopoulos, the favourite to succeed Nicholas Garganas at the helm of the Bank of Greece, has resigned as chief executive of Piraeus Bank.
Spreads a poor gauge of crisis: Canada's Carney
Existing measures of interbank spreads are an unreliable way of measuring the effectiveness of central bank intervention in alleviating money-market tensions, said Mark Carney, the governor of the Bank of Canada.
De La Rue could sell cash systems division
De La Rue, the biggest private printer of banknotes, is considering the sale of some of its cash systems division.
Ex-Tanzanian governor Ballali dead
Daudi Ballali, the former governor of the Bank of Tanzania who was sacked in January, has died.
Iceland confounds expectations with rate hold
The Central Bank of Iceland surprised markets on Thursday, opting to hold rates, rather than raise them.
Swiss Re's Raaflaub to head new regulator
Patrick Raaflaub, the head of group capital management at Swiss Re, a reinsurance company, will direct Switzerland's new super regulator the Financial Market Supervisory Authority (FINMA).
Central banks must burst bubbles: Soros
George Soros, the billionaire financier, urged central bankers and regulators to tackle asset-price bubbles in spite of the difficulties in identifying them.
Pakistan raises rates 150bp
The State Bank of Pakistan hiked rates to 12% on Thursday.
Inflation targeting a dangerous fad, says Stiglitz
Joseph Stiglitz, the Nobel Prize-winning economist and Columbia University professor, has panned inflation targeting as a "fad" that could lead to economic disaster.
I was forced out: ex-Nigerian deputy
Wahia Mshelia, a former deputy governor at the Central Bank of Nigeria, has alleged that she was forced to quit after falling out with Charles Soludo, the institution's governor, local media reported on Wednesday. Soludo has denied the claims.
UK bank blacklists SWFs on ethical grounds
Most of their peers are stepping up their efforts to court sovereign wealth fund revenue, but the UK-based Co-operative Bank is shunning several because of human rights abuses by their controlling governments.
Two new vice presidents for Chicago Fed
Carl Tannenbaum, the former chief economist at LaSalle Bank, has joined the Chicago Federal Reserve as vice president. The central bank has also promoted Steve Durfey, the assistant vice president responsible for the supervision and regulation department…
Smets to replace Reichlin as ECB research head
Frank Smets, the deputy director general of the European Central Bank's research department, is to replace current head Lucrezia Reichlin, when she leaves the institution in September.
Leave rates at record high, IMF tells NZ
The International Monetary Fund (IMF) has called on the Reserve Bank of New Zealand to avoid cutting rates until clearer signs of a slump emerge.