News
Stevens raises inflation spectre
Inflation is more likely to rise during 2008 than to recede, according to Glenn Stevens, the Governor of the Reserve Bank of Australia.
Conservatives want one-term limit for BoE governor
Britain's opposition Conservative Party is considering a one-term limit for the governor of the Bank of England, a policy that would mark the biggest change in the framework for monetary policy since the bank was made independent in 1997.
Thailand CB hunts ex-PM's missing money
The governor of the Bank of Thailand, Tarisa Watanagase, says the central bank is currently investigating what happened to the money recently withdrawn from the accounts of disposed prime minister, Thaksin Shinawatra. The governor believes the money has…
Bond yields tighten on rate fears
The world's leading bond markets continued to tighten on 13 June, with benchmark yields reaching multi-year highs as the market responds to the threat of rising interest rates from central banks around the world.
FSA warns on private equity
The British Financial Services Authority (FSA) has voiced concerns over the "excessive level" of debt private equity firms use to buy out public companies.
IMF: Turkish CB independence essential for IT
The independence of Turkey's central bank is essential for the success of inflation targeting, the IMF said in its 2007 article 4 report.
Trichet says monetary policy still accommodative
Speaking to the European parliament on Monday, Jean-Claude Trichet, the president of the ECB, said monetary policy was accommodative even after the recent quarter-point rate rise.
King warns on inflationary pressures
Mervyn King served notice that rates may have to rise even though the Bank of England sees inflation as likely to drop back this year from March's breach of the 3% target.
Williams gets second term as T&T governor
The Central Bank of Trinidad & Tobago reappointed Ewart Williams for a second five-year stint as governor a month before his contract was due to run out.
Bank of Israel should oversee bank fees - Knesset
The final report of the Knesset's committee looking into banking fees recommended that control of banking fees be transferred to the central bank.
Three new directors for the Bank of Canada
Jim Flaherty, Canada's minister of finance, named three new directors for the central bank's board.
Iraqi central banker dies in ambush
A senior official from Iraq's central bank died after his car was ambushed by gunmen in Mosul on Monday.
PBoC issues rules to combat terrorist financing
China's central bank has set out new rules for the finance industry designed to combat the movement of money suspected of being used for terrorist purposes.
Trichet's verdict on euro hopefuls
Speaking at a press conference after the ECB's rate rise last week, Jean-Claude Trichet, gave his assessment of countries striving to join the euro.
NZ dollar falls after central bank sales
New Zealand's dollar fell against the US dollar and yen as the Reserve Bank of New Zealand intervened to sell the kiwi.
SARB raises rates as inflation soars
The South African Reserve Bank raised the key repo interest rate by 50 basis points to 9.5% on 7 June, after inflation surged through the upper band of the central bank's 3% to 6% target range in April.
German parliament approves Bundesbank board cuts
The upper house of the German parliament has approved legislation to allow two seats to be cut from the board of the Deutsche Bundesbank, the country's central bank.
No policy shift for currency, says UAE governor
Investors expecting the dollar-pegged dirhan to appreciate received a strong message yesterday from the governor of the United Arab Emirates central bank, Sultan Nasser Al Suwedi, who said "We rule out any change for the forseeable future".
South Korea keeps key rate unchanged at 4.5%
The central bank of South Korea today decided to keep its key interest rate steady for the tenth month in succession, in an effort to boost economic recovery.
Peru's rates steady as inflation remains subdued
Peru's central bank yesterday held the overnight lending rate unchanged for the thirteenth consecutive month at its five-year high of 4.5%. Infaltion remains low and stable, despite rapid economic growth.
South Africa's reserves surge in one month
New data from the South African Reserve Bank has revealed that net gold and foreign exchange reserves rose to $25.48bn in May from $24.59bn the previous month. Gross reserves were also up to $27.85bn from $27,02bn.
NZ interest rate up to record 8%
The markets were taken by surprise on 7 June when the New Zealand central bank raised its key interest rate to a record 8% from 7.75%, in efforts to stem inflation.
Indonesia cuts for twelfth time since May 2006
As widely expected, Bank Indonesia reduced its policy interest rate - used as a reference for bill sales - by a quarter point to 8.5% today, taking advantage of the lowest inflation rate in six months. It was the twelfth rate cut since May 2006.
Brazil cuts lending rate to record low of 12%
Following the recovery of the Brazilian currency, which has held inflation at an eight-year low, the central bank lowered the benchmark lending rate by half a percentage point to a record low of 12%.