News
Minutes show 7-2 vote to hold UK rates
Bank of England Monetary Policy Committee members voted 7- 2 to keep interest rates unchanged for a third month in April, with Timothy Besley and Andrew Sentance in favor of a quarter- point increase, minutes published Wednesday 18 April.
Tarisa says BOT to lower rates
Bank of Thailand governor Tarisa Watanagase said in an interview with the Wall Street Journal that the BoT will cut rates further to stimulate economic growth.
Interview with SNB's Jean-Pierre Roth
In an interview with Bloomberg published Monday 16 April, Swiss National Bank president Jean-Pierre Roth said a fall in the Swiss franc's value against the euro reflects turbulence on financial markets rather than developments in the domestic economy.
King says BoE will look beyond volatility
Bank of England governor Mervyn King Wednesday 17 April sent an open letter the UK chancellor saying the MPC will look beyond short-term volatility in prices to get inflation back on track.
Trichet says stability requires int'l cooperation
European Central Bank president Jean-Claude Trichet said on Monday 16 April international policy cooperation and integration are important in keeping global economic stability.
ECB's Liebscher on exchange rates
European Central Bank governing council member Klaus Liebscher said Monday 16 April that exchange rates should reflect fundamentals.
Dutch cb's Wellink on world inflation pressures
Dutch Central Bank President Nout Wellink said on Saturday 14 April to the International Monetary Fund that while global inflation pressures have receded they are still a concern.
Riksbank's minutes show division on rates
Minutes from the Sveriges Riksbank's 29 March meeting published Monday 16 April show the central bank's board members were not unanimous in their decision to leave the repo rate unchanged at 3.25%.
EU's Almunia says Europe in good times
Joaquin Almunia, the European Commissioner for economic and monetary affairs, said Saturday 14 April, Europe is enjoying a good recovery.
Report says new governor in Cyprus
The Financial Mirror in Cyprus reported that Athanasios Orphanides was appointed the new governor of the Central Bank of Cyprus on Friday 13 April.
US's Paulson sees progress on trade imbalances
U.S. Treasury Secretary Henry Paulson said in a statement the Group of Seven (G7) nations have made progress but "more needs to be done" on trade imbalances.
Noyer says hedge funds may raise abuse risk
European Central Bank Governing Council member Christian Noyer said in a report released on Monday 16 April that hedge funds add to market efficiency but can increase the risk of market abuse.
RBZ's Gono urges privatisation quickly
Zimbabwe could easily realize at least 3 billion U.S. dollars from the privatization of some parastatals, enough to meet its annual import requirements, according to The Herald on Friday 13 April.
BOJ's Fukui signals confidence in US economy
Bank of Japan governor Toshihiko Fukui on Thursday 12 April repeated his optimism over the U.S. economy, saying it has a "high probability" of achieving a healthy slowdown despite signs of moderating business investment and high inflation rates.
Wolfowitz facing calls to quit World Bank
Paul Wolfowitz's position as head of the World Bank looked increasingly under threat Friday 13 April after he was forced to retreat from a meeting after being booed by his employees and the bank's governing board met overnight to decide his fate.
BMA appoints new CEO
The Bermuda Monetary Authority announced Thursday 12 April that Matthew Elderfield has been appointed as the central bank's next Chief Executive Officer.
New York court lifts PMA freeze
A New York court has lifted a freeze on the US operations of the Palestine Monetary Authority, which acts as the Palestinian central bank, that was imposed in connection with the killing of two Americans in a Hamas shooting attack.
ECB says rates are boosting growth
European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 April the ECB's interest rates are still boosting economic growth after seven increases since late 2005, leaving open the possibility of a further move.
Fed minutes show core inflation as policy risk
Federal Reserve officials on the Federal Open Market Committee continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, according to minutes released Wednesday 11 April.
SARB says SA credit not immediately inflationary
South Africa's central bank governor Tito Mboweni said on Thursday 12 April the country's household spending and credit were not immediately inflationary but warned that bank lending remained "uncomfortably high".
China's FX reserves past $1.2T
China's foreign reserves have risen past $1.2 trillion, a state news agency said Thursday 12 April, amid surging trade and plans to create a multibillion-dollar company to invest some of the stockpile.
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
Plosser says committing to policy goal important
Federal Reserve Bank of Philadelphia president Charles Plosser said on Tuesday 10 April that committing to a policy goal and providing more information about the central bank's aims would help keep inflation expectations in check.
Fisher expects pick-up in pace of US growth
The U.S. economy is in a slowdown, but the pace of growth should accelerate as the year unfolds, Dallas Fed president Richard Fisher said Tuesday 10 April.