News
Bernanke complicated by regional Fed presidents
According to the article "Bernanke push for unity complicated by regional Fed presidents" published by Bloomberg on Tuesday 18 July, it is becoming more difficult for Ben Bernanke to create consensus with regional Fed presidents gaining influence and…
Former Banque du Liban governor dies aged 91
Philippe Taqla, who held various official positions including governor of the Central Bank of Lebanon, died recently aged 91.
Welmega declines Sri Lanka monetary board post
Newspaper reports said businessman Nimal Welgama has rejected a seat on the monetary board of the Central bank of Sri Lanka due to an ongoing inquiry by the central bank.
Iran doesn't need more central bank independence
According to the Mehr News Agency, Iran's deputy economy minister has said the Central Bank of Iran (CBI) does not need more independence.
Hedge funds will be regulated, one way or another
According to this article by Bloomberg, published Friday 14 July, although a US court blocked the Securities and Exchange Commission from regulating hedge funds, the business hasn't permanently escaped the grasp of regulators.
ACU to discuss payment systems efficiency
Members of the Asian Clearing Union (ACU) will meet in Dhaka this week to discuss ways to make their payment systems easier to use to boost trade, a Bangladesh central bank official told Reuters.
Volcker says Bernanke faces tougher time than him
In an interview with Bloomberg television, former Federal Reserve chairman Paul Volcker said Ben Bernanke faces an even tougher challenge than he did as leader of the Fed.
Yosano says Fukui's investment a 'social' issue
Japanese economic and fiscal policy minister Kaoru Yosano said Bank of Japan governor Toshihiko Fukui's investment in a fund operated by Yoshiaki Murakami, is a "social issue."
Stern says Fed will remain diligent
The Federal Reserve is committed to its responsibility of avoiding a damaging rise in inflation, Minneapolis Fed president Gary Stern said on Thursday 13 July.
UAE says reserves shift not political
In an interview with the Financial Times, the United Arab Emirates' central bank governor confirmed a strategic decision had been taken to move 10 per cent of its $29bn foreign exchange reserves into euros.
BOJ raises rates, Fukui staying put
The Bank of Japan on Friday 14 July ended its five-year-old policy of keeping interest rates near zero, saying that the nation has emerged from deflation and overcome the long economic slump.
Barbados' Williams says hands off her staff
According to the Barbados Nation, the governor of the central bank of Barbados, Dr Marion Williams, has asked commercial banks to stop poaching her staff.
IMF says BOJ hike welcome news
A senior IMF official on Friday 14 July welcomed the decision by the Bank of Japan to end the era of zero interest rates.
Dominican central bank adds UK£ to reserves
Dominican Republic is adding British pounds to its foreign monetary reserves because the United Kingdom's assets offer attractive return margins, central bank governor Hector Valdez Albizu said in an interview.
China may tighten yuan as economy grows
The Chinese controlled press reported on Thursday 14 July that the Chinese economy was forging ahead in the second quarter.
Two appointed to Bank of England's MPC
The Bank of England's Monetary Policy Committee was back to full strength on Thursday 13 July with the appointed of two new members to fill the vacant places.
More Greenspan, less Volcker, needed in Japan
This article published Wednesday 12 July by Bloomberg says that the Bank of Japan may engineer its first interest rate increase since August 2000 on Friday.
BoK says inflation outweighs slowdown risk
Bank of Korea assistant governor Yeung-Kyun Rhee said Thursday 13 July that the current focus should be on inflation rather than growth in the South Korean economy.
EU presidency's Heinaluoma calls for cooperation
Finnish Finance Minister Eero Heinaluoma, whose country holds the rotating EU presidency, said Thursday 13 July that the euro group and the European Central could improve the way they cooperate.
Irish central bank warns on house prices
Certain features of the Irish economy are raising concerns about its future outlook, the central bank warned in its annual report on Wednesday 13 July.
Dallas Fed notes 'disappointing' inflation
The Dallas Federal Reserve Bank said on Thursday 13 July U.S. inflation has been "disappointingly" high but slow labor cost growth and hefty profits should keep it from gaining a firm grip.
IMF's Rato offers deepest condolences to India
Rodrigo de Rato, Managing Director of the International Monetary Fund, issued a statement on Tuesday 11 July, following the bombings in India.
Slovenian euro coin production begins
EU finance ministers on Tuesday 11 July gave Slovenia a final formal go-ahead for the country's entry to the eurozone as of January 2007.
Mexico's foreign reserves at record level
Mexico's foreign reserves climbed US$358 million (euro281 million) last week to a record US$79.10 billion (euro62 billion), the Bank of Mexico reported Tuesday 11 July.