News
BoE's Lambert sees `low and stable' inflation
UK inflation probably will remain ``low and stable'' amid slowing economic expansion and subdued wage growth, Bank of England policy maker Richard Lambert said, indicating he sees little immediate need for higher interest rates.
Senate approves Azevedo as Brazil's mp director
Rodrigo Azevedo, the nominee for central bank of Brazil monetary policy director, told the senate this week he would seek to keep the currency stable and fight inflation.
BOT investigates computer hacking
The governor of the Bank of Thailand, Pridiyathorn Devakula, ordered a probe on Monday 18 October into computer hacking, TNA news said, after a senior employee, who was arrested last week for theft, told police that he had gained access to the bank data…
Bank of Israel staff to join new protest
Workers at the Bank of Israel, who are currently embroiled in a dispute with the management of the central bank, are set to join staff at the Israel Discount Bank, who are also involved in a dispute, Haaretz reported this week.
Ex-KTB chief to sue Bank of Thailand
The former president of Krung Thai Bank (KTB), Viroj Nualkhair, plans to sue KTB's board of directors and the Bank of Thailand (BOT) for more than 100 million baht in compensation for damage to his job and reputation, TNA reported this week.
Interview with former RBA board member Bob Gregory
In an interview published on Thursday 21 October, former board member of the Reserve Bank of Australia Bob Gregory said that if there is faster growth at the same inflation rate the RBA will not tighten.
Bank of Canada looks for new deputy governor
The Canadian Prime Minister announced on Thursday 21 October that Mark Carney, Deputy Governor of the Bank of Canada, has been appointed Senior Associate Deputy Minister of Finance, effective from 15 November.
Survey shows Japanese mystified by central bank
A survey published on the Bank of Japan's website this week showed that most Japanese people find the workings of the central bank a mystery.
FATF targets cross-border cash movements
The Financial Action Task Force (FATF), meeting in Paris from 20-22 October, has added a key element to the world's counter-terrorist financing defences.
Downside risks from oil increasing, IMF's Rato
Head of the International Monetary Fund Rodrigo Rato said Friday rising oil prices pose a growing risk to the world economy and will have a visible impact on global economic growth next year.
Hungary central bank sees tensions with govt
Hungary may be able to cut interest rates further if inflation comes down as expected, but tensions between the central bank and the government will limit the scope for rate reductions, central bank president Zsigmond Jarai said.
EU newcomers should not rush to join euro
European Central Bank chief economist Otmar Issing said Friday the 10 countries that joined European Union in May should not rush to join the euro or the European Exchange Rate Mechanism II until they were really ready.
Interview with ECB's Gonzalez-Paramo
In an interview published this week, ECB Executive Board member Jose Manuel Gonzalez-Paramo speaks out firmly against changing the wording of the Stability and Growth Pact, saying: "The Pact is a cornerstone of the currency union. Nobody had questioned…
ECB President visits the National Bank of Romania
Jean-Claude Trichet, President of the European Central Bank, visited the National Bank of Romania on Monday 18 October and met with Governor Mugur Isarescu and the Executive Board of the National Bank of Romania.
RBNZ Financial Stability Report, October 2004
The Reserve Bank of New Zealand on Thursday 21 October issued the first of a regular series of Financial Stability Reports which will assess the current state of New Zealand's financial system. Topics covered in the October 2004 report include: a review…
CBN autonomy may be under threat
The wholesale autonomy granted to the Central Bank of Nigeria could soon be under threat after Deputy Chairman of Banking and Currency Committee said in Enugu this week that issues of economic interest to the nation should not be left in the hands of the…
Chicago Fed National Activity Index, Sep 2004
The Chicago Fed National Activity Index was -0.01 in September, off slightly from a downward-revised +0.03 in August. The small decline in the monthly index was primarily due to a slightly larger negative contribution from the employment-related…
IMF pressures China over flexible yuan
The International Monetary Fund has again pressured Beijing to revalue its currency, the Renminbi yuan, China Daily reported on Thursday 21 October.
Brazil raises rates for second month in a row
Brazil's central bank raised interest rates on Wednesday 20 October for the second consecutive month amid concerns about high oil prices and growing domestic demand.
Malaysia set to launch plastic money soon
Malaysia's central bank said on Thursday 21 October that it will launch plastic banknotes next week, joining a growing trend for the more durable 'paper' money.
Bank of England MPC Minutes, 6&7 October
The minutes from the 6 and 7 October meeting of the Monetary Policy Committee of the Bank of England were released on 20 October. All nine MPC members voted to keep interest rates unchanged at 4.75 percent this month, while there seemed to be no…
Yuan reform feasible says PBOC adviser
Making the exchange rate of the Chinese currency more flexible was feasible, although it would result in many problems, a top central bank adviser was quoted as saying on Tuesday 19 October.
Fed's Olson sees no housing 'bubble' in US
Federal Reserve Governor Mark Olson said on Tuesday 19 October thatthe United States does not have a house price "bubble" because the national market is too large.
Minister says Poland to meet euro criteria in 2007
Poland will be ready in 2007 to join the euro, Polish Finance Minister Miroslaw Gronicki said on Wednesday 20 October, following a report which said that none of the 10 new EU members yet meet the criteria for adopting the single European currency.