News
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.
Bank of Canada keeps interest rates at 2.5%
The Bank of Canada announced on Tuesday 12 July that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
Noyer says 'market model' has lessons for France
The Scandinavian economic model, combining market flexibility with a high degree of social protection, "is full of lessons for countries such as France, Germany and Italy", said Bank of France governor Christian Noyer in an interview.
Garganas says ECB may hike inflation forecast
"The oil price increases in recent weeks imply some upward revision to the main scenario for inflation," said Garganas, who is also the governor of the Bank of Greece, in an interview in Athens with Bloomberg.
Mboweni says SADC can learn from EU
South African Reserve Bank governor Tito Mboweni has said much can be learned from the European Union as the South African Development Community (SADC) attempts to create a single monetary union for the region by 2016.
OECD report calls for eurozone reforms
Economic growth in the eurozone will halve in the next two decades unless it implements reform, the Organisation for Economic Co-Operation and Development warned on Tuesday 12 July.
Statement by IMF's Rodrigo de Rato after G8 summit
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued a statement on Friday 8 July at the conclusion of the Group of Eight (G8) Summit at Gleneagles, Scotland.
Fed's Hoenig says US rate moves to depend on data
Kansas City Fed President Thomas Hoenig said on Friday 8 July that the U.S. Federal Reserve's policy is currently accommodative and how fast official rates move to neutral will depend on incoming economic data.
ECB's Bini Smaghi warns over financial know-how
European Central Bank board member Lorenzo Bini Smaghi told a news briefing on new OECD financial education guidelines that individuals' lack of understanding of financial products could lead to economic problems in future.
PBOC chief calls for some forex curbs lifting
China should lift certain foreign exchange controls in the near term to create conditions for the full convertibility of the local currency, Caijing Magazine quoted Zhou Xiaochuan, the central bank governor, as saying.
Fed's Lacker says too early to foresee Fed pause
Richmond Federal Reserve President Jeffrey Lacker said on Monday 11 July it was too soon to say when the U.S. central bank would end its year-long campaign of interest-rate rises and indicated more increases were likely.
Latvia calls for clarity on euro area entry date
The Latvian government wants to know for sure that the European Commission and the European Central Bank will permit the Baltic state to join the euro-area in 2008, provided that Latvia meets all Maastricht criteria, BNS reported.
Interview with Malaysia's Zeti on Islamic finance
In an interview published this week, Malaysian central bank governor Dr Zeti Akhtar Aziz said there is room for Islamic finance worldwide, as the ultimate goal of Islamic financial services is to enhance wealth creation, and promote sustainable and…
Rodrigo de Rato's condolences to UK
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), made a statement on Thursday 7 July in Gleneagles, Scotland following the bombings in London.
White House considering Kroszner for Fed job
The White House is considering former Bush administration official Randall Kroszner for a vacant seat on the Federal Reserve's Board, reports said this week.
New Zealand to block Zimbabwe visit
New Zealand will refuse entry visas to Gideon Gono, governor of Zimbabwe's central bank, and members of his staff, who were reportedly planning to visit the country, Prime Minister Helen Clark said this week.