News
State TV reports China's reserves top 1trn USD
China's foreign exchange reserves have topped the 1.0 trillion US dollar level, state television CCTV said on Monday 6 November.
Polls see BoE raising rates 0.25% next week
The Bank of England is set to raise rates by a quarter point next week according to two recent City polls.
IMF's Leipold says France can do better
Despite a positive assessment of France's economic performance and policies, the country "needs to do better" the IMF said.
Controlling inflation is immediate goal for India
India's finance minister said on Friday 3 November controlling inflation expectations was the government's immediate goal and it would use all fiscal and monetary measures to bring down inflation towards 4 percent.
RBA appoints head of payments policy
The Reserve Bank of Australia announced Friday 3 November the appointment of Ms Michele Bullock to the position of Head of Payments Policy Department.
Fed's Fisher says main goal is inflation control
Federal Reserve Bank of Dallas President Richard Fisher said Thursday 2 November that keeping inflation in check is the central bank's primary goal.
Iceland to strengthen foreign reserves
In recent months, the Ministry of Finance and Central Bank of Iceland have been engaged in discussions on strengthening the Central Banks foreign reserves, the central bank said Friday 3 November.
Muto says BoJ monitoring corporate investment risk
Bank of Japan deputy governor Toshiro Muto told a parliamentary hearing on Thursday 2 November that the BoJ does not consider domestic corporate capital investment overheating now but will monitor it for upside risks to growth.
BoJ's Fukui says rate hike will be carefully timed
Bank of Japan governor Toshihiko Fukui said Thursday 2 November that the central bank will take monetary policy action "not too early or too late," for a second rate hike in the current gradual credit-tightening cycle.
Trichet maintains expectations of rate hike
Speaking at the post-meeting press conference on Thursday 2 November European Central Bank president Jean-Claude Trichet endorsed market expectations of a further ECB interest rate hike at its December meeting.
Acid blamed for crumbling German banknotes
German authorities revealed Thursday 2 November that more than 1,000 German banknotes have mysteriously disintegrated in recent months, possibly due to acid on the brittle notes.
Proposed bill gives govt powers over BOJ staff
The Democratic Party of Japan aims to revise the Bank of Japan Law so that the government can dismiss the BOJ governor and other executives if they cause distrust in central bank policy management, Jiji Press said.
Statistics bureau head joins PBOC committee
China's State Council has appointed Xie Fuzhan, the director of the National Bureau of Statistics (NBS) as a member of the central bank's monetary policy committee, the official China Securities Journal reported Thursday 2 November.
It's the imbalances, stupid
Rachel Lomax, a deputy governor of the Bank of England, dismissed suggestions that the International Monetary Fund had outlived its usefulness in a speech in London on Wednesday 1 November.
Saudi Arabia may bid to host GCC central bank
Saudi Arabia may join Bahrain and the United Arab Emirates in a bid to host the GCC's future central bank, Gulf News reported Tuesday 31 October.
Meirelles says Brazil must be tough on inflation
Brazil's central bank president Henrique Meirelles said in a newspaper interview on Wednesday 1 November that Brazil's constant vigilance against inflation in recent years was a key factor in helping President Luiz Inacio Lula da Silva get re-elected.
PBOC advisor plays down dollar risk to reserves
A senior People's Bank of China advisor has tried to calm fears over risks posed to the country's huge stock of dollar reserves by a slide in the value of the US currency.
Turkey's Yilmaz says inflation target not changing
Durmus Yilmaz, head of the Central Bank of Turkey, told a press conference at the presentation of its 2006 inflation report Tuesday 31 October that changes to Turkey's inflation target could hurt the credibility of the central bank.
Bank of Italy to cut 20% of staff by 2013
The Bank of Italy announced Tuesday 31 October that it would cut staff by about one-fifth by 2013 and close 75 percent of the central bank's offices in Italy under a plan that was rejected by the bank's unions.
4th IFSB summit underway
Eight central bank governors will join Sultan Bin Nasser Al Suwaidi, governor of the United Arab Emirates central bank, in attending the 4th Islamic Financial Services Board (IFSB) Summit.
Interview with Dallas Fed's Richard Fisher
Federal Reserve Bank of Dallas president Richard Fisher told Reuters in an interview published Monday 30 October that after a weak third quarter the US economy seems to be recovering.
Iraq central bank officials to train in Bahrain
Sixteen high-ranking officials from Iraq's central bank are to undergo advanced training at the Bahrain Institute of Banking and Finance, the Gulf Daily News reported on Tuesday 31 October.
Syria says it will peg pound to SDR
Syria plans to remove the pound from its U.S. dollar peg and link it to the International Monetary Fund's special drawing rights (SDR) in the first half of 2007, the central bank governor told Reuters on Monday 30 October.
Problem banks may explain Kozlov murder
Former chairman of the Central Bank of Russia, Viktor Gerashchenko, was quoted by RIA Novosti as saying on Monday 30 October that the murder of the CBR's first deputy head in mid-September may have been ordered by a client of a commercial bank under…