News
BOJ's Suda doesn't rule out policy shift
A Bank of Japan policy board member left open the possibility on Wednesday 28 September that the central bank could ditch its ultra-loose monetary policy by the end of the fiscal year to next March.
Fed must focus on inflation says Hoenig
Kansas City Fed president Thomas Hoenig said on Monday 26 September that the damage to the US economy caused by hurricanes Katrina and Rita can be shaken off and the Fed must focus on keeping inflation at bay to maintain stable growth.
Belgium's Quaden says rates not hampering growth
The Belgian National Bank governor said in an interview that the European Central Bank's interest rates remain appropriate.
Italy considers banking supervision transfer
The Italian parliament will examine the transfer of competition supervision in the banking sector to the antitrust agency from the Bank of Italy, the daily MF said.
PBOC chief repeats gradualist approach on yuan
The head of the People's Bank of China has reiterated, through use of an old saying, that the government will take a gradual and careful approach to exchange rate reform.
BOK report sees China dominant economy by 2040
China will become the world's largest economy in terms of GDP by 2040, and India will closely follow its heels, according to a soon to be released report from the Bank of Korea.
US rebuffs French remarks on Greenspan
US officials have sought to defuse a potentially embarrassing situation after France's Finance Minister, Thierry Breton, told reporters in Washington that Alan Greenspan had admitted America had "lost control" of its budget.
Riksbank reallocates gold and for ex reserves
Sweden's Riksbank said it intends to sell up to 10 tonnes of the gold reserve in the period from 27 September 2005 to 26 September 2006.
Communique from G10 ministers and governors
The Finance Ministers and Central Bank Governors of the countries of the Group of Ten met in Washington, D.C. on 25 September.
ECB to give opinion on reforms, Fazio in 1-2 weeks
European Central Bank president Jean-Claude Trichet said in an interview in La Stampa Sunday 25 September that the ECB will give its opinion on Italian government plans to reform the Bank of Italy, and on current governor Antonio Fazio's conduct, within…
Zhou says yuan rate need not reflect trade
China's exchange rate should not reflect its large trade surplus with the United States, People's Bank of China chief Zhou Xiaochuan said in a interview published on Saturday 24 September.
Eurozone rates appropriate says Weber
ECB governing council member Axel Weber said on Sunday 25 September ECB interest rates were appropriate, despite a rise in German consumer prices.
Italy's Fazio loses World Bank role
Italy's government stripped Bank of Italy governor Antonio Fazio of his ability to represent the country at a World Bank meeting. The move came after Italian Prime Minister Silvio Berlusconi called on the ECB to help oust Fazio.
G7 worry over high oil prices
Finance ministers from the G7 richest nations said that sky-high oil prices were a worry and warned fuel costs could hit global economic growth.
Interview with ECB president Jean-Claude Trichet
In an interview published on Wednesday 21 September, European Central Bank President Jean-Claude Trichet called for determined economic reforms from the next German government as well as other European nations.
Paraguay's banking regulator chief resigns
Paraguay's banking regulator Rodrigo Ortiz has resigned from his post, a central bank source confirmed, according to Bnamericas. Ortiz had been head of the banking regulatory agency since 2003.
No rest for RBA governor in final year
According to this article published on Thursday 22 September, Reserve Bank of Australia governor Ian Macfarlane has one last tricky year to negotiate before bowing out as arguably the country's most successful central bank chief.
St Louis Fed names new first vice president
David A. Sapenaro, 42, has been named first vice president and chief operating officer of the Federal Reserve Bank of St. Louis.
No formula for selecting Fed chair
With the US Senate having to confirm a new chair of the Federal Reserve's Board of Governors soon, this article published on Tuesday 20 September asks what is more important to formulating successful monetary policies, profound study of economics or…
Central Bank of Iceland appoints new chairman
The Central Bank of Iceland has appointed Davi Oddsson governor and chairman of the Board of Governors. The move followed Birgir sleifur Gunnarsson's decision to retire.
Fed to publish Bulletin online
The Federal Reserve Board announced on Thursday 22 September that beginning in 2006, the content of the Federal Reserve Bulletin will be published on the Board's public website (www.federalreserve.gov) on a continuing basis, as it becomes available.
IMF says oil prices pose threat to world economy
High oil prices are threatening continued global expansion, the top official of the International Monetary Fund (IMF) told a press conference on Thursday 22 September.
IMF endorses adjustment to (AML/CFT) program
The IMF said on Thursday 22 September that it has endorsed an adjustment of the IMF's anti-money laundering/combating the financing of terrorism (AML/CFT) program to focus more on tackling the challenges faced by countries implementing standards and…
Oil set to be main topic for G7 meeting
Japan's finance minister said Friday's G7 meeting of top finance ministers and central bankers would discuss soaring oil prices as the main topic and talks on China's currency reform may be low-keyed for now.