News
PBOC issues property bubble warning
The People's Bank of China warned Monday 15 August that China faces a potential property "bubble" which could leave banks with huge losses if it burst.
China agency calls for yuan band widening
China's National Development and Reform Commission has suggested that the yuan's trading band be widened to 2 percent from the current 0.3 percent.
India to ensure stability in forex market
India will ensure stability in the country's $12bn-a-day foreign exchange market amid surging inflows and will maintain its slow pace in opening up the capital account, a senior Reserve Bank of India official said.
PBOC says money supply growth 'suitable'
M2, the broad measure of money supply, grew 16.3 per cent year-on-year by the end of July, the People's Bank of China (PBoC) announced in Beijing Friday 12 August.
Buba report says weak growth in EU 'real' problem
The Bundesbank published its August monthly report on Monday 15 August, saying that weak economic growth in the EU is responsible for feelings of discontent with eurozone economic growth.
Ghana's Acquah: W Africa may face financial crisis
Governor of the Bank of Ghana, Dr. Paul Acquah, expressed fear at the weekend of an impending financial crisis in the Economic Community of West African States (ECOWAS).
Inflation view falls to 5.4% in Brazil
The average market forecast for Brazil's benchmark inflation index fell on Monday 15 August for the 13th straight week to 5.4 percent.
Calvin Mitchell to take over New York Fed role
Calvin A. Mitchell III was named senior vice president of the Federal Reserve Bank of New York in charge of the bank's public information area on Monday 8 August.
Interview with ECB's Issing
In an interview published on Tuesday 9 August, ECB Chief Economist Otmar Issing said that recently the eurozone economy has seen a series of positive signals. However risks to the outlook remained on the downside, he said, particularly with the continued…
Bank of Korea chief pledges wealth to education
The governor of the Bank of Korea, Park Seung, said this week that he is willing to donate his personal wealth to help the nation's education when he dies.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 12 and 13 July meeting on Friday 12 August. Two of nine policy board members at the Bank proposed cutting the 30-35 trln yen liquidity target for banks, at the mid-July policy meeting.
Korea suggests it may hike rates
The Bank of Korea said on Thursday 11 August that it would consider increasing interest rates if the economy recovered fully.
Italian economy minister wants ECB rate cut
Italy's deputy economy minister Mario Baldassari said he favours the European Central Bank cutting its interest rates, as well as the euro being valued at parity with the dollar.
CITIC Securities to revamp China Securities
China's CITIC Securities Co confirmed media reports on Friday 12 August that it is teaming up with Jianyin Investment Ltd, an investment arm of the central bank, to restructure Beijing-based China Securities Co.
Bank of Mexico holds interest rates steady
Mexico's central bank held monetary policy steady on Friday 12 August saying after its twice-monthly policy meeting it was keeping its money market "short" steady at 79 million pesos a day.
Foreign central banks buying more US debt
Foreign central banks were big buyers of US debt in the latest week, swallowing up similar amounts of both Treasury and agency debt in what was the heaviest week of buying in 2-1/2 months, Federal Reserve data showed on Thursday 11 August.
New spokesman for the New York Fed
Peter Bakstansky has been the spokesman for the New York Fed for so long - 30 years, to be precise - that his impending retirement will be hard to get accustomed to, at least for any journalist.
Prodi outlines Bank of Italy reform ideas
Italy's opposition leader Romano Prodi outlined a number of reform proposals for the beleaguered Bank of Italy on Friday 12 August and the country's other financial institutions.
Cultural days of the ECB 2005: Hungary
Hungary will be the country featured in this year's Cultural Days of the European Central Bank, which will be held from 2 to 28 November 2005 in cooperation with Magyar Nemzeti Bank, the central bank of Hungary, the ECB said on Thursday 11 August.
IMF letter on the famine in Niger
In a letter published by The Independent newspaper on Friday 5 August, the IMF's Director of External Relations, Thomas Dawson, defended the Fund against accusations that the IMF contributed to the crisis in Niger.
Australian govt to quiz RBA chief on economy
Reserve Bank of Australia governor Ian Macfarlane will be grilled Friday 12 August on the chances of another rate rise, or possibly a rate cut, in coming months.
German finance minister calls for ECB rate cut
German Finance Minister Wolfgang Clement called on the European Central Bank to cut interest rates, saying it was "remarkably" more reserved than other central banks.
Taiwan central bank denies extraordinary meeting
The Central Bank of China, Taiwan's central bank, denied on Thursday 11 August that it is planning to call an extraordinary board meeting in the near term.
Philippines, EC sign anti-money laundering pact
The European Commission (EC) and the Philippines have signed a 73-million peso (1.33-million US dollars) financing agreement to assist with the country's anti-money laundering drive, Foreign Affairs Secretary Alberto Romulo has said.