News
New information officer for RBNZ
The Reserve Bank of New Zealand has announced the appointment of Tanya Harris as its new Chief Information Officer and Head of Knowledge Services Group.
Regulatory concerns knock Chinese shares
China's stock market closed 8.26% down on Monday 4 June as worries that the government is about to take further measures to cool the economy triggered a major sell-off.
Former Fed No 2, Preston Martin, dies
Preston Martin, the former deputy chairman of the Federal Reserve died last week, aged 83.
Turkish CB identifies financial stability concerns
The Central Bank of Turkey believes that the way in which the country weathered the storm following the financial turmoil the country experienced in June and July last, demonstrates the resilience of the Turkish economy.
Brazil continues intervention policy
The Central Bank of Brazil will continue its policy of buying American dollars on the spot market to bolster its foreign exchange reserves.
ECB's Papademos hints at rate rises
In one of the strongest hints at further rate rises for the eurozone later this year, Lucas Papademos, the Vice-President of the European Central Bank, said forecasts for economic growth in 2007 and 2008 are above the region's potential.
Fed announces FOMC's 2008 schedule
The US Federal Reserve, the American central bank, on 1 June announced the tentative schedule for next year's Federal Open Market Committee meetings.
No more gold sales for ECB
The European Central Bank announced on 1 July that it has no intention to sell more gold this year.
Fed minutes reveal worries over inflation, housing
The minutes of the latest monetary policy meeting of the Federal Reserve contained few surprises, but underlined the fact that policymakers remained concerned about an "upward drift in inflation expectations".
Draghi keen on governance reforms for banks
The governor of the Bank of Italy, Mario Draghi, told the central bank's shareholder at the conclusion of its annual meeting that he backs Italian lawmakers' current effort to reform the governance arrangement for the country's cooperative commercial…
Governor's deciding vote sees Czech rates up
The Czech Central Bank raised interest rates by a quarter of a percentage point to 2.75% on 31 May. The central bank's board was split, with three members voting for the hike and three for leaving rates unchanged. It then fell to governor, Zdenik Tma, to…
Nishimura sees third quarter inflation rise
Kiyohiko Nishimura, a board member of the Bank of Japan, says inflation is likely to rise in October this year.
Canadian growth beats central bank forecast
The growth of the Canadian economy during the first quarter of this year was stronger than the central bank expected official statistic released on 31 May revealed. The upside shock appears to have sealed the case for rate hikes later this year.
Inflation breaches SARB's target
South Africa's targeted CPIX inflation has breached the South African Reserve Bank's 3% to 6% inflation target for the first time since August 2003.
Zoellick to replace Wolfowitz at World Bank
American president George W. Bush has named Robert Zoellick, a former US trade representative, as a replacement for Paul Wolfowitz as president of the World Bank.
Johnson leaves the Fed
Karen Johnson, director of the Division of International Finance at the Federal Reserve Board, will step down after nearly a decade in this position.
Euro lending and money growth slows
The European Central Bank's current tightening cycle appears to be starting to make its mark. Mortgage lending growth in the eurozone has slowed to the lowest for more than three years.
Rates up in Norway and Malta, Poland steady
The central banks of Norway and Malta raised interest rates on 30 May, while rates remained unchanged in Poland.
India's Reddy seeks lower inflation
Reserve Bank of India governor Y.V. Reddy says curbing inflation while managing the transition to a higher-growth path was the central bank's "overarching policy challenge."
RBNZ's Bollard gets second term
New Zealand's finance minister, Michael Cullen, reappointed Alan Bollard for a second five-year term, the Reserve Bank announced.
South Africa's Mboweni outlines inflation threats
Tito Mboweni, the governor of the South African Reserve Bank, has identified union-driven salary disputes and increasing food and oil prices as the main threats to the current inflation outlook in the country.
Rates on hold in Canada, Slovakia and Malaysia
A number of central banks have announced this week that interest rates will remain unchanged. Rates will remain on hold in Canada, Slovakia and Malaysia.
Israeli rates cut again
The Bank of Israel has cut interest rates by 25 basis points to 3.5%. The decision, announced on 28 May, comes as inflation remains below the central bank's 1 to 3% inflation target.
New names for WB presidency
Some interesting names are being bandied about as potential replacements for Paul Wolfowitz as president of the World Bank, when he steps down next month.