News
BOJ's Fukui foresees no change in interest rates
Toshihiko Fukui said Sunday 9 May he expects no change in the Bank of Japan's zero-interest-rate policy, as the economy struggles to emerge from its deflationary spiral.
Trichet: Growth not threatened by oil price rise
The world economy will continue to grow despite a rise in oil prices, European Central Bank governor Jean-Claude Trichet said on Monday at the Group of 10 meeting of central bank governors in Basel.
US press China on yuan reform
U.S. Treasury Under-Secretary John Taylor on Monday pressed China to adopt a more flexible currency regime to cool its overheating economy.
Report: Taiwan central bank to gain independence
It was reported Monday that the Central Bank of China (CBC) will become an independent body according to a draft package of amendments to the existing law governing the bank's organization and operations.
Trinidad: cb governor warns on money laundering
The governor of the Trinidad and Tobago Central Bank, Ewart Williams, has warned that money laundering through the banking system is on the increase and that the financial system is being increasingly used to fund criminal activity.
Redesign of the Bundesbank's website
The Deutsche Bundesbank has launched its redesigned website. Two key objectives have been achieved, the bank said. Completely barrier-free access to the website and consistent, uniform structuring of complex material in an attractive design, retaining…
Fed minutes show concern at ultra-low rates
Some FOMC members expressed concern at their March meeting that a long period of ultra-low short-term interest rates might lead to increased speculation in financial markets, according to Federal Reserve minutes released ON Thursday 6 May.
Forrest Capie to write next volume of BoE history
Forrest Capie, Professor of Economic History at the Cass Business School, has accepted an appointment to write the next volume of the Bank of England's official history.
New deputy governor appointed in Sri Lanka
The Central Bank of Sri Lanka, with the agreement of the Minister of Finance, has appointed Dr Ranee Jayamaha as its Deputy Governor. The appointment is effective from 19th April, 2004.
MPs call for sack for Palestine central bank chief
MPs are urging Palestinian leader Yasser Arafat to sack the governor of the Palestine Monetary Authority, AFP reported this week, saying the appointment was never approved by parliament.
Kerry sees Rubin in Greenspan's shoes
US Democratic presidential candidate John Kerry has said that if elected he will seriously consider former treasury secretary Robert Rubin to replace Federal Reserve Chairman Alan Greenspan when he retires.
Nepal Rastra Bank chief has land seized
The Rebel Communist Party of Nepal has escalated the capture of land belonging to local landlords, including land owned by the central bank chief. The party has captured 300 hectares of land and made it public.
Russian rouble to get facelift
The Russian rouble is getting its first facelift in six years with the addition of four high-tech security features aimed at discouraging counterfeiters, Goznak, which prints the currency, said on Thursday 6 May.
IMF urges better bank monitoring in NZ
The Reserve Bank of New Zealand's monitoring of banks may not give enough information "at the onset of a sudden crisis", according to the International Monetary Fund.
BOJ's Fukui to attend Basel BIS meeting
Bank of Japan Governor Toshihiko Fukui will attend the Bank for International Settlements' (BIS) upcoming bi-monthly meeting in the Swiss city of Basel, Japan's central bank said on Friday 7 May.
NBP warns inflation could hinder economic growth
Inflationary pressure is growing which, in the long run, could hinder economic growth, Krzysztof Rybinski, a deputy president of the Polish central bank (NBP) has warned.
IMF appoints Rato as managing director
The Executive Board of the International Monetary Fund (IMF) this week, as expected, selected Rodrigo Rato to serve as Managing Director and Chairman of the Executive Board for a five-year term.
Sacked workers petition new CBN governor
More than 1,000 staff retrenched from the Central Bank of Nigeria between 1996/1998 have petitioned the incoming CBN Governor, Professor Charles Soludo over their plight.
Dodge sets the standards in expenses
Bank of Canada governor David Dodge is setting new standards in what one report called "tight monetary policy" with a relatively low expenses bill for the last quarter, released by the Bank of Canada this week.
Bank of England raises interest rates to 4.25%
The Bank of England's Monetary Policy Committee voted on Thursday 6 May to raise the Bank's repo rate by 0.25 percentage points. In a statement the MPC said although inflation was likely to remain below the 2% target in the near term inflationary…
Polish national bank urges fast euro entry
The National Bank of Poland has said Poland and other recent entrants to the European Union would be well advised to join the eurozone without delay.
Japan denies US warning was behind forex halt
A senior Japanese Finance Ministry official on Thursday 6 May denied speculation that Japan halted intervention in the foreign exchange market in April because of warnings against the operations from the United States.
Azerbaijan selects TietoEnator card system
The National Bank of Azerbaijan has contracted with TietoEnator for the supply of a payment card system, which will be deployed at a new national processing centre.
ECB holds rates, sees improving eurozone economy
European Central Bank President Jean-Claude Trichet said on Thursday 6 may that after a "mixed" set of economic indicators for the 12-country eurozone so far this year, the most recent data appeared to be more "encouraging".