News
BI and govt working together on economy
Indonesia's finance minister Sri Mulyani says the government will work with Bank Indonesia to boost the lethargic economy amid criticism that the government is not doing enough to speed up economic growth.
Azerbaijan's inflation "likely to slow"
Elman Rustamov, the National Bank of Azerbaijan's board chair, told a press conference Friday 11 May that inflation is likely to slow from its current 16% annual rate.
BCV director says reserves will rebound
Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.
Reforms help, says Trichet on eurozone growth
European Central Bank president Jean-Claude Trichet said in an interview with Nikkei Business Magazine published Monday 14 May that the eurozone is benefiting mainly from the cyclical strength of the world economy, but structural reforms also help growth…
Riksbank appoints new head of Market Operations
The Executive Board of Sweden's Riksbank decided at its meeting Thursday 10 May to appoint Sophie Degenne as the new head of the Market Operations Department.
Riksbank names new Chief Press Officer
Britta von Schoultz has been appointed the new Chief Press Officer at the Sveriges Riksbank. She will take up her appointment on 4 June 2007.
Greenspan lays odds of 2-1 against US recession
Following comments earlier in the year that gave financial markets a wobble, former Federal Reserve chairman Alan Greenspan said Friday 11 May the odds are two to one that the US will avoid a recession this year.
NBH minutes show one member wanted rate cut
A single rate-setter on Hungary's 13-member Monetary Council voted in favour of a 25-basis-point rate cut at the MPC's 23 April policy meeting, the minutes published Friday 11 may showed. Changes to the Central bank Act will see a reduction in the number…
Report names likely Fed appointees
US president Bush administration is considering Larry A. Klane as a board member at the Federal Reserve, two people familiar with the matter were quoted as saying by MarketWatch.
Trichet signals June rate rise with 'vigilance'
European Central Bank president Jean-Claude Trichet told the ECB's press conference Thursday 10 May that ``strong vigilance'' is required to contain inflation. A hint that interest rates will rise at the next meeting.
BoJ's Fukui says low rates for too long will hurt
Bank of Japan governor Toshihiko Fukui told a seminar in Tokyo Thursday 10 May that interest rates need to rise gradually despite Japanese prices responding slowly to strong global demand.
Fed hold rates but concerned on inflation
The Federal Reserve left US interest rates unchanged Wednesday 9 May and acknowledged that the economy is slowing.
Interview with Paul de Grauwe
In an interview with EurActiv, published Thursday 10 May, Paul de Grauwe warns that "ill-founded" and "dangerous" criticism of the European Central Bank by newly elected French president Nicolas Sarkozy could threaten monetary union.
PBOC says credit growth still too high
The People's Bank of China said in its first quarter monetary policy report, published Thursday 10 May, that credit growth remains too high and it needs to maintain a reasonable level of expansion.
Wolfowitz gets White House backing
The White House on Wednesday 9 May said it has continued full support for embattled World Bank president Paul Wolfowitz, who faces numerous calls to quit.
Hungary to name NBH deputy by 1 July
Hungarian central bank (NBH) governor Andras Simor will name by 1 July who will be the central bank's second deputy governor, local newswire MTI reported on Wednesday 9 May.
DNB's Wellink says 'no risk from M&A'
Dutch central bank president Nout Wellink said Wednesday 9 May he believes ABN Amro is an extremely strong bank and that customers should not fear a takeover.
Qatar cb focusing on transparency
Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank (QCB), said Tuesday 8 May that the QCB will give high priority to strengthening good corporate governance, transparency and accountability in the financial sector.
BoE says efficiency push may harm stats
The Bank of England said in a submission to a parliamentary committee published on Wednesday 9 May that it is concerned that cost constraints are preventing the UK's Office for National Statistics from doing a proper job.
Trichet says world economy growing strongly
The G10 central bankers group said Monday 7 May that the world economy continues to grow at a "very encouraging" rate.
Knight's term of office at BIS extended
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 7 May that it has extended the term of office of the General Manager, Malcolm Knight, to mid-2009.
Federal Reserve appoints Inspector General
The Federal Reserve Board on Friday 4 May announced the appointment of Elizabeth A. Coleman as Inspector General for the Board, effective May 6.
PBOC's Zhou unsure on reserves trend
The governor of the People's Bank of China said in Switzerland Monday 7 May the outlook for China's foreign reserves remains unclear following a big increase in the Q1.
Some BoJ members urged gradual rate hike
Minutes released Monday 7 May showed some members of the Bank of Japan's board called on the BoJ to do a better job communicating its intention of raising interest rates only gradually and without any timetable set in advance.