News
SNB's Roth says rates not high enough yet
Swiss National Bank (SNB) chairman Jean-Pierre Roth said in an interview published Wednesday 21 February that Switzerland's current interest rate level is still not high enough to guarantee price stability in the medium-term.
Fed's Bies says bad mortgage debt not problem
Federal Reserve governor Susan Bies said in a speech Tuesday 20 February the bulk of the mortgage market was not troubled by bad debt problems, which were concentrated in the subprime, tarnished-credit sector.
Russia reiterates reserve diversification idea
The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.
CBN says currency change won't affect ECOWAS
The governor of Central Bank of Nigeria, Professor Charles Soludo, has said currency restructuring by the Federal government will not affect plan for common denomination by ECOWAS countries.
Brazil will add reserves while liquidity high
Brazil's policy of increasing foreign reserves should continue as long as global imbalances support a steady flow of dollars into the country, central bank director Paulo Vieira da Cunha told analysts in New York.
Key US Democrat warns on inflation target idea
It would be a "terrible mistake" for the U.S. Federal Reserve to adopt any form of inflation target to guide policy, a senior Democratic lawmaker was quoted as telling the Financial Times on Tuesday 19 February.
Ex BoJ's Fujiwara says rate rise needed
The Bank of Japan should raise interest rates before the current rock-bottom rates trigger an asset bubble in the economy, a former BOJ deputy governor said on Monday 19 February in an interview with Reuters.
GCC chiefs to meet in April - report
Governors of Gulf Arab central banks will meet on April 3 and 4 in Saudi Arabia to discuss plans for monetary union and other issues, an official at the United Arab Emirates central bank was quoted Tuesday 20 February by Reuters.
Omi says BoJ should support growth
Japanese finance minister Koji Omi told parliament on Tuesday 20 February that the Bank of Japan's monetary policy should support economic growth, as it prepares to start a two- day meeting to decide interest rates.
Tarisa says BOT aiming to convert to bank deposits
Bank of Thailand governor Tarisa Watanagase said Tuesday 20 February the central bank will not need to issue the same number of bonds as it did in the past once it is authorised by a new law that will allow it to take deposits from commercial banks.
ECB's Tumpel-Gugerell still sees SEPA from Jan 08
European Central Bank board member Gertrude Tumpel-Gugerell said Tuesday 20 February the plan for a single euro payments area (SEPA) is still on track to begin operations from 1 Jan next year, despite disputes over organising cross-border operations.
PBOC raises bank reserve requirement again
The People's Bank of China said Friday 16 February it has raised bank reserve requirements, with effect from 25 February.
Bank of England ready for 'more turbulent times'
The Bank of England said Monday 19 February it will be able to keep inflation under control even if inflation becomes more unpredictable than during the past decade.
Volcker says surging inflation in India worrying
India's surging inflation was a matter of concern but the Reserve Bank's monetary response to the issue was on track, renowned economist Paul Volcker said on Sunday 18 February.
Libya, Tunisia sign currency agreement
Libya and Tunisia have signed a currency exchange agreement of the Libyan and Tunisian dinar.
Abilov appointed head of Turkmenistan CB
Turkmen president Gurbanguly Berdymukhammedov signed a decree on the appointment of Geldymurad Abilov chairman of the Central Bank of Turkmenistan on Thursday 15 February.
Deloitte chief nominated to Hungary's central bank
Hungarian prime minister Ferenc Gyurcsany on Friday 16 February nominated Andras Simor, chief of the Hungarian arm of auditing and consulting giant Deloitte, as be new governor of the central bank.
Sweden's Riksbank appoints new head of IT
The Executive Board of the Sveriges Riksbank appointed Hans Ohlson as new head of the IT Department on Friday 16 February. Mr Ohlson will take up this post on 15 May.
Fed's Poole says no reason to change rates now
St Louis Federal Reserve president William Poole said on Thursday 15 February that there was no reason at the moment for the U.S. central bank to change interest rates.
Bernanke says China's yuan is 'undervalued'
Federal Reserve chairman Ben Bernanke said Thursday 15 February he thinks the Chinese yuan is undervalued and should be allowed to trade more freely on international markets.
RBNZ appoints deputy governor
Grant Spencer has been appointed deputy governor of the Reserve Bank of New Zealand, RBNZ governor Alan Bollard announced Friday 16 February.
ECB's Quaden says yen, yuan weak v euro
The Japanese yen and the Chinese yuan are undervalued against the euro, European Central Bank governing council member Guy Quaden said Thursday 15 February.
Iraq's central bank to curb inflation
Officials at the Central Bank of Iraq (CBI) said that the bank is considering taking measures to curb inflation which hiked to 70 percent last year on soaring oil prices, Iraq Directory reported Wednesday 14 February.
Malta may apply for euro accession in March
Malta will file its formal request for accession to the eurozone in the first two weeks of March, The Times of Malta reported Wednesday 14 February.