News
China aiming for 'basic balance' in payments
The head of China's currency regulator SAFE said Sunday 21 January that it will ease rules for capital to flow out of the country this year while making it harder for money to enter.
Report says Deloitte's Simor set to be join NBH
Andras Simor, CEO of the Hungary branch of Deloitte Touch Tohmatsu, is most likely to be the next governor of the Hungarian central bank (NBH), business daily Napi Gazdasag said on Tuesday 23 January, citing sources close to the government as saying.
Noyer says no conflict on price stability, growth
Bank of France governor and ECB governing council member Christian Noyer told the Liberation newspaper on Tuesday 23 January current monetary conditions are favourable for growth and there is no conflict between price stability and economic growth.
IMF chief calls for flexible yuan, warns BoJ
The head of the International Monetary Fund said Monday 22 January that greater flexibility in China's exchange rate will help Asian economies cope with potential risks from sharp capital inflows.
Buba's Fabritius sees German GDP growth down
Bundesbank executive board member Hans Georg Fabritius said in a speech German GDP growth is expected to be 1.75% this year, down from a 2.7% growth rate in 2006.
Bini Smaghi says ECB rate may rise further
ECB board member Lorenzo Bini Smaghi told La Repubblica in an interview published Tuesday 23 January that the ECB's rate is "still accommodating" and may have to rise further if growth expectations are confirmed to avoid excess liquidity.
RBNZ's Spencer to switch to financial stability
Reserve Bank of New Zealand governor Alan Bollard announced Tuesday 23 January that assistant governor, head of economics, Grant Spencer, will move to become head of financial stability.
Chicago Fed's Moskow announces plans to step down
Federal Reserve Bank of Chicago president Michael Moskow confirmed on Monday 22 January he will retire on 31 August.
China's reserves plan 'won't hurt U.S. dollar'
There is only a small chance of any immediate fallout on the U.S. dollar resulting from China's decision to alter the way it plans to manage its $1.06 trillion in foreign exchange reserves, according to The Wall Street Journal.
Ministers concerned over settlement plan - report
European finance ministers have raised doubts about the European Central Bank's plan to provide its own settlement system for eurozone securities transactions, the Financial Times reported Monday 22 January.
ECB denies Trichet, Juncker, Almunia meetings plan
The European Central Bank denied a report on Monday 22 January which claimed Jean-Claude Trichet, Eurogroup chief Jean-Claude Juncker and EU commissioner Joaquin Almunia had agreed to hold informal meetings on the sidelines of the ECB's monthly press…
PBOC advisor says yuan rise may increase surplus
Further yuan appreciation could cause China's trade surplus to increase rather than shrink, a leading advisor to the Chinese central bank told a conference on Sunday 21 January.
ECB's Liikanen says inflation remains a big risk
European Central Bank Governing Council member Erkki Liikanen said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported Sunday 21 January.
Role of MAS enhanced with Banking Amendment Bill
The Monetary Authority of Singapore's role as the central bank was enhanced on Monday 22 January when Parliament passed the Banking Amendment Bill, Channel News Asia reported.
Buba's Weber warns on German wage hikes
Bundesbank president Axel Weber warned Friday 19 January that sharp wage increases in Germany could set off a new round of inflation and hinder the European Central Bank's price stability goal.
RBNZ announces role for Steve Anderson at IMF
The Reserve Bank of New Zealand announced Friday 19 January that the Head of Risk Assessment and Assurance, Steve Anderson, has been appointed to the International Monetary Fund's (IMF) External Audit Committee.
Coroner's report on death of BoE's Walton
Former Bank of England Monetary Policy Committee member David Walton was killed by a rare flesh-eating bug, a coroner's officer report has shown.
BoT's Tarisa says exports likely to decline
Bank of Thailand governor Tarisa Watanagase on Thursday 19 January said the Thai economy would grow at a slower pace this year since exports are likely to decline.
Economists may review RBA testimony
Australian lawmakers are likely to invite economists to review the twice-yearly testimony of Reserve Bank of Australia Governor Glenn Stevens, Bloomberg reported Friday 19 January.
Hungary plans central bank independence increase
Hungary's government is proposing an amendment to the country's Central Bank Act to increase the independence of monetary policy makers, a spokesman at the Finance Ministry has said.
New developments in Kozlov murder case
A woman was charged on Friday 19 January in connection with the murder of Russian central banker Andrei Kozlov.
Fukui says BoJ not bowing to pressure
The Bank of Japan will try to change interest rates slowly but has no timetable for such moves at present, central bank governor Toshihiko Fukui said Thursday 18 January.
EU's Almunia positive on 2007 inflation
European Union Monetary Affairs commissioner Joaquin Almunia said Thursday 18 January eurozone growth and inflation should be roughly in line with 2006 figures this year thanks largely due to a positive outlook for Germany.
Fed adviser Reinhart to leave for AEI
Vincent Reinhart, one of Federal Reserve Chairman Ben Bernanke's top advisers on interest rates, is leaving the central bank, a statement said Wednesday 17 January.