News
China's fin min cautions on yuan moves
Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.
Bank of England rate split 'behind us now'
Bank of England Monetary Policy Committee members Paul Tucker and David Walton differed over the outlook for inflation in testimony to lawmakers on Thursday 13 October.
Fed minutes suggest more rate rises
Minutes from the Federal Reserve's 20 September meeting were published on Tuesday 11 October. FOMC members believed more interest-rate increases would be needed to keep inflation down when they raised interest rates at their last meeting, the minutes…
Greenspan says flexibility crucial to economy
The ability of the US to weather a surge in energy prices is the latest example of how economic flexibility helps prevent serious recessions, Federal Reserve Chairman Alan Greenspan said on Wednesday 12 October.
Fukui says BOJ in critical period on policy
Bank of Japan Governor Toshihiko Fukui said on Wednesday 12 October that the BOJ was entering a critical phase for deciding an end to its ultra-loose monetary policy.
G7 meeting fixed for London on Dec 2-3
G7 finance ministers and central bank governors will hold a special meeting in London on 2-3 Dec, a UK Treasury spokeswoman said on Tuesday 11 October.
Proposed BOT Bill will increase authority
Thailand's Finance Ministry is currently considering the drafts of the Bank of Thailand Bill and the Currency Bill. If implemented, the new rules will broaden the BOT's authority to manage international reserves.
Snow calls on China to make yuan more flexible
U.S. Treasury Secretary John Snow called on China to continue with development of its financial markets on Wednesday 12 October, including a more flexible exchange-rate system.
US gains little by urging IMF to hound China
This recent article looks at comments by Tim Adams of the U.S. Treasury: that had the IMF used its power of "special consultations" with countries more often, it could now use moral suasion on China to make it accept a stronger yuan.
Sweden's Riksbank appoints new governor
The Riksbank General Council on Tuesday 11 October appointed Stefan Ingves to succeed Lars Heikensten as Governor of Sveriges Riksbank.
Bank of Italy says still talking to ECB
The Bank of Italy said Tuesday 11 October it was still talking with the European Central Bank about its role in a controversial takeover battle and denied a press report claiming the ECB had concluded that Antonio Fazio broke banking rules.
Hungary's PM says euro date needs more thinking
Hungarian Prime Minister Ferenc Gyurcsany said Tuesday 11 October that adopting the euro in 2010 needs more consideration because of the social implications of the budget spending reductions the move would require.
Belarus, Russia agree on ruble introduction plan
The National Bank of Belarus and the Russian central bank have approved a plan of action to introduce the Russian ruble as sole legal tender in Belarus.
Italy Senate approves central bank reform
Italy's Senate on Tuesday 11 October approved a bill to reform the Bank of Italy and the financial sector.
Statement by IMF's Rato on earthquake disaster
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), made a statement on Saturday 8 October in Washington, D.C. regarding the earthquake affecting Pakistan, north India and Afghanistan.
Fukui and Greenspan to meet in Tokyo
Bank of Japan Governor Toshihiko Fukui will hold talks with U.S. Federal Reserve Chairman Alan Greenspan on 17 October at the BOJ's head office in Tokyo, officials said.
Colombia central bank sold $250m reserves to govt
Colombia's central bank sold the government $250 million in foreign reserves and bought 880 billion pesos ($382 million) worth of TES Treasury bonds over the past week, the bank said on Friday 7 October.
Bank of Italy governor questioned in Rome
Prosecutors were questioning embattled Bank of Italy Governor Antonio Fazio on Monday 10 October regarding his involvement in the takeover struggle for Banca Antonveneta SpA, the central bank said.
Hungary's Jarai warns deficit moving wrong way
Hungarian central bank governor Zsigmond Jarai warned in an interview on Monday 10 October that the country's budget deficit is moving in the wrong direction for euro membership.
PBOC's Zhou sees need for more financial stability
China can't rely solely on central bank interest rate and exchange rate policies to maintain financial stability, People's Bank of China governor Zhou Xiaochuan wrote in the China Economic Weekly.
Japanese economist expects to head OECD
Japan's candidate for chief of the Organization for Economic Cooperation and Development said on Tuesday 4 October that she is confident she will be chosen for the post.
Will a dark horse win race to succeed Greenspan?
This article published on Thursday 6 October says comments by US President Bush this week raise some doubts about the conventional wisdom in Washington and on Wall Street, that the race to succeed Greenspan has boiled down to three principal candidates.
IMF appoints new Director for Asia office
International Monetary Fund Managing Director Rodrigo de Rato named Akira Ariyoshi as Director of the IMF's Regional Office for Asia and the Pacific on Wednesday 5 October.
Interview with Atlanta Fed president Jack Guynn
In an interview published on Monday 3 October, Federal Reserve Bank of Atlanta president Jack Guynn said the devastation caused by the recent Hurricanes has not altered his thinking about the longer term path of the economy. "I think we're most likely on…