News
Gaspari says eurozone inflation under control
Outgoing European Central Bank council member Mitja Gaspari said in an interview published Friday 23 March inflation in the 13 euro nations is ``under control'' and it's not yet time to talk about further interest-rate increases.
SNB's Jordan says hikes less pressing
The Swiss National Bank (SNB) currently sees further rate hikes as necessary to keep inflation at bay, while indicating the need for action has become smaller, the central bank's directorate member Thomas Jordan said in a speech Thursday 22 March.
Japan's Omi says land prices don't indicate bubble
Japan's rising land prices reflect the country's economic recovery and don't indicate an asset bubble, finance minister Koji Omi said Friday 23 March.
Fed's Cole says subprime actions too slow
The Federal Reserve could have acted faster to prevent a meltdown in the subprime-mortgage market by halting the lax lending standards that contributed to the crisis, the Fed's chief bank supervisor said Thursday 22 March.
EU report warns on further ECB rate hikes
The European Commission said in a report quoted by Bloomberg News on Thursday 22 March that further interest-rate increases by the European Central Bank may threaten economic growth in the 13 nations sharing the euro.
Fukui says BOJ to help economy with low rates
Bank of Japan governor Toshihiko Fukui told lawmakers Thursday 22 March that the central bank will help maintain economic growth under price stability by keeping very low interest rates "for now" and vary them only gradually in line with the economic…
Chile's Corbo sees inflation at low end of range
Chilean central bank President Vittorio Corbo told reporters Wednesday 21 March he sees inflation at the low end of the central bank's target range in the coming months as economic growth "gradually" rebounds.
BNM says Malaysian economy still resilient
Bank Negara Malaysia is confident the economy will remain resilient and grow at a healthy 6% despite moderate global growth predicted for the first half of the year, the BNM said Thursday 22 March.
Syria, Austria sign MoU
A Memorandum of Understanding was signed between the Central Bank of Syria (CBS) and the Austrian National Bank on Thursday 22 March.
BoE's MPC voted 8-1 to keep rates on hold
The Bank of England's rate-setting body voted 8-1 to keep interest rates unchanged at its 8 March meeting, with David Blanchflower alone voting for a quarter point cut, minutes published Wednesday 21 March showed.
China's Zhou not worried on current inflation
China's central bank is not worried about the current level of consumer price inflation, People's Bank of China governor Zhou Xiaochuan was quoted as saying in a report by the official Xinhua News Agency on Wednesday 21 March.
Sri Lanka maintaining growth momentum
The Central Bank of Sri Lanka's Monetary Policy Review for March 2007 says the economy has shown early signs of continuing its high growth momentum experienced in 2006 in 2007.
NBS intervenes to halt crown appreciation
Following the ECB's announcement that the central parity of the Slovak crown has moved from Sk38.455 per euro to Sk35.4424 per euro, the National Bank of Slovakia intervened Tuesday 20 March on the Slovak FOREX market.
McTeer says FOMC 'frozen in place'
The Federal Reserve will hold interest rates steady amid "unusual" simultaneous signals of both higher inflation and slower growth in coming months, said Robert McTeer, former president of the Federal Reserve Bank of Dallas, in an interview published…
ECB's Garganas says rates may not have peaked
A recent change in European Central Bank language on monetary policy does not mean that interest rates are near a peak, Nicholas Garganas said in an interview published Monday 19 March.
Zhou says China to stop accumulating reserves
China will stop increasing its huge foreign exchange reserves, People's Bank of China governor Zhou Xiaochuan said in an interview published Tuesday 20 March.
BoJ's Fukui says markets saw 'healthy correction'
Bank of Japan governor Toshihiko Fukui said on Tuesday 20 March the central bank will closely monitor global equity markets for further developments, but stressed that the recent worldwide sell-off has been a "healthy correction."
IMF: Zimbabwe's economic collapse accelerating
Zimbabwe's economic collapse is likely to accelerate with inflation passing 5,000 percent by year-end, a senior IMF official said in an interview Sunday 18 March.
Analysts say China rate hike hurt property market
China's residential property market and heavy borrowers will be the main victims of the People's Bank of China's latest interest rate hike, analysts at Credit Suisse said in a report published Monday 19 March.
China's Wen says investment won't affect dollar
China's prime minister, Wen Jiabao, tried to reassure the world about the country's financial goals Friday 16 March, saying the planned company to invest some of the $1 trillion in reserves won't affect dollar-denominated assets.
Thai fin min supporting BoT independence
Thailand's finance minister Chalongphob Sussangkarn said Thursday 15 March he had insisted during a meeting with Bank of Thailand governor Tarisa Watanagase that monetary policy shouldn't cause volatility in markets, but the BoT was not under pressure to…
2010 GCC currency union date is 'challenge'
Currency union by 2010 in the Gulf region is a challenge, but could be achieved if the Gulf countries act swiftly, Central Bank of Bahrain governor said in an interview Sunday 18 March.
PBOC's Zhou worried over China CPI trend
People's Bank of China governor Zhou Xiaochuan told reporters on Sunday 18 March he was not worried about the current level of inflation but was concerned with the inflation trend.
Meirelles says Brazil's 2007 inflation benign
Brazil's 2007 inflation scenario is benign, but the central bank remains vigilant, the bank's chief said on Monday 19 March.