News
Fed's Yellen says higher rates make sense
It makes sense for the Federal Reserve to keep lifting U.S. interest rates as long as certain assumptions are met, San Francisco Fed President Janet Yellen said in an article in International Economy magazine.
Dollar peg seen as key to Gulf 'euro'
Six leading Arab economies, including Saudi Arabia, may reconsider pegging their currencies to the dollar, under their plans for a "euro-style" Arab single currency in the region.
SARB announces successful loan syndication
Tito Mboweni, governor of the South African Reserve Bank, issued a statement on Monday 18 July following the announcement of the successful syndication of the SARB's US$1,5 billion Dual-Tranche Syndicated Term Loan Facility.
Atlanta Fed appoints assistant vice president
Brian Bowling has been appointed assistant vice president in the supervision and regulation division at the Federal Reserve Bank of Atlanta, Jack Guynn, president and chief executive officer of the Atlanta Fed announced on 5 July.
Interview with World Bank's Wolfowitz
In an interview published on Monday 11 July World Bank president Paul Wolfowitz said the multilateral lender wants to help foster discussion among industrialized nations and emerging market countries such as China and India on tackling global warming.
W.House may want business experience for Fed chair
An article published this week says the White House may want to look towards the business community for a successor to Federal Reserve Chairman Alan Greenspan. None of the three potential heirs usually named as possibles to fill Greenspan's shoes meets…
PBOC deputy governor Li steps down
Li Ruogu has stepped down as deputy governor of China's central bank, Xinhua reported this week, citing the State Council.
Phil Fed president recognized as global citizen
The Global Interdependence Center (GIC) has presented Dr. Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, with its 2005 Global Citizen Award for his contributions to the global economy in the areas of public policy, business,…
China says no timetable for yuan move
The US administration has told key senators that it expects China to revalue the yuan in August before President Hu Jintao visits Washington in September, the Financial Times reported on Friday 15 July.
Wellink does not expect ECB rate cut
Dutch central bank president Nout Wellink said in an interview he does not expect the European Central Bank to have to cut interest rates.
Tanigaki says govt, BOJ share same view on economy
Japan's Finance Minister Sadakazu Tanigaki said on Friday 15 July that the economy is extending a recovery as rising corporate profits buoy consumer spending.
New bill will establish Central Bank of Kosova
In July, a new draft regulation for the Banking and Payment Authority of Kosovo (BPK) will be announced which will rename the BPK the Central Bank of Kosova.
HKMA says currency peg changes have worked well
An advisory body to the Hong Kong Monetary Authority (HKMA) has said the refinements that the HKMA introduced in May to Hong Kong's more than 20-year-old fixed currency peg have so far worked smoothly.
RBNZ's new bond lending facility
The Reserve Bank of New Zealand announced on Thursday 14 July that, as from 18 July 2005, it will operate a bond lending facility.
Bank of France live with central banking platform
Trema, a provider of treasury and asset management software for global corporations and financial institutions, announced on Thursday 14 July that the Banque de France is now live with Trema's central banking solution.
RBI: Global uncertainities higher than estimates
Y V Reddy, Governor of Reserve Bank of India, said on Thursday 14 July that global economic uncertainities had surpassed earlier estimates, but maintained that the central bank would stick to the "basic projections" until the review of monetary policy.
Zeti says ringgit peg not deterring investment
The Malaysian ringgit's fixed exchange rate system has not discouraged European countries from investing in the country nor curbed growth in trade, central bank governor Zeti Akhtar Aziz said.
BoE's Barker says inflation hike not a big worry
Bank of England monetary policymaker Kate Barker said on Wednesday 13 July that the central bank is not overly worried by a jump in inflation to a seven-year high in June.
ECB's Issing says oil clouding inflation outlook
European Central Bank chief economist Otmar Issing has said the inflation outlook for the euro zone has deteriorated in the past month.
Bernanke sees 'healthy and sustainable' US growth
In his first speech as chairman of the Council of Economic Advisers on Tuesday 12 July, Ben Bernanke presented an upbeat outlook for the US economy.
UK's Brown expects ECB inflation target debate
UK chancellor Gordon Brown, whose country currently holds the rotating EU presidency, told the European Parliament that debate over the European Central Bank's inflation target is to be expected.
Bank Negara and EC to organise Asean-EU conference
Bank Negara Malaysia and the European Commission (EC) are jointly organising a conference titled "Expanding Asean-EU Economic Links - The role of Euro" to be held in Kuala Lumpur from 13 July to 15 July.
EC's Juncker says euro growth to miss target
European finance ministers have said economic growth in the euro region will not meet official forecasts in 2005 as oil prices stay close to a record, consumer confidence stagnates and Italy struggles with recession.
BOJ upgrades economic assessment
The Bank of Japan slightly upgraded its assessment of the economy on Wednesday 13 July at the conclusion of its monetary policy meeting, saying that the recovery remains on track.