News
Interview with Central Bank of Yemen's Al-Maswari
In an interview published by the Yemen Times on Friday 29 September, the chairman of the Central Bank of Yemen, Hussian Al-Maswari, said the government of Yemen represented by the Central Bank should give more attention to developing the banking industry.
Riksbank to sell 10 tonnes from gold reserves
Sweden's Riksbank said on Friday 29 September it intends to sell up to 10 tonnes of its gold reserves between Sept 2006 and Sept 2007, in order to obtain a better risk-adjusted return on the its assets.
ECB will move forward with financial integration
A European Central Bank executive board member signalled in comments to the Financial Times, published Friday 29 September, that the ECB will push ahead with plans to increase eurozone financial integration by providing securities settlement services,…
China FX regulator denies new forex rules reports
China's State Administration of Foreign Exchange (SAFE) denied media reports on Friday 29 September that it intends to issue a new regulation governing foreign exchange today.
Kluza named chief of Poland's new regulator
Former minister of finance Stanislaw Kluza was on Friday 29 September named as the head of Poland's new commission designed to supervise the rapidly growing financial sector, Deutsche Presse-Agentur dpa reported.
RBI governor sees long term real rate challenge
Reserve Bank of India governor, YV Reddy said Thursday 28 September that long term interest rates pose a challenge to the "effectiveness of the economy."
New Japan MOF chief to be soft on BOJ
According to this article from Reuters, published Wednesday 27 September, newly appointed Japanese finance minister Koji Omi is unlikely to adopt his predecessor's stance on intervention in the Bank of Japan's monetary policy.
Weber sees inflation risks despite oil price fall
Germany's Bundesbank president Axel Weber said Thursday 28 September the eurozone still faces inflation risks despite the recent dip in oil prices.
Jarai says Hungarian forint vulnerable
"The forint is one of the most vulnerable currencies in the world," Hungary's central bank governor, Zsigmond Jarai said Wednesday 27 September at a conference hosted by the German-Hungarian chamber of commerce.
Fed's Hoenig says lags slowing rate impact
Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday 27 September that the impact of previous interest rate increases has not been fully felt yet and must be considered by the FOMC at future meetings.
Interview with Richmond Fed's Lacker
Federal Reserve Bank of Richmond President Jeffrey Lacker told Reuters in an interview on Wednesday 27 September the U.S. economy was on solid ground, but that inflation was still a worry.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
Mauritius plans new monetary policy framework
The governor of the Central Bank of Mauritius said Wednesday 27 September that the bank will move to a new monetary policy framework next month, the first major shift since 1999.
Solving Kozlov's murder is 'question of honour'
The Moscow Times reported Tuesday 26 September that the killers of Russia's central bank first deputy chairman Andrei Kozlov may have been hired on the cheap and had no idea who they were being paid to kill.
Israel's Fischer says 5% growth rate needed
Bank of Israel governor Stanley Fischer told the Finance Committee Tuesday 26 September economic growth must keep a pace of least five percent per year for 10 years for Israel to reduce poverty significantly in the long- term.
Japan's new fin min says BOJ taking proper steps
New Japanese Finance Minister Koji Omi said Wednesday 27 September foreign-exchange rates should move in line with the strength of their underlying economies.
Interview with Bank of England's Alastair Clark
In an interview with The Asian Banker, published Wednesday 27 September, Alastair Clark, adviser to the governor of the Bank of England, says the UK's "super regulator" model would not necessarily suit the current Chinese banking system.
Gold sales fall well below central bank pact limit
This article from the Financial Times, published Wednesday 27 September, notes that although European central banks have been big sellers of gold over the past six years, they appear to have lost their desire to sell the metal this year.
Legislator calls for external BI appointments
Bank Indonesia needs to have a deputy governor selected from among commercial bankers, a legislator was quoted as saying by Asia Pulse.
BOK chief says bond market closely monitored
Bank of Korea governor Lee Seongtae told a seminar Tuesday 26 September that the central bank is closely monitoring the bond market's movement, as its importance to the country's economy is growing.
Geithner says Fed powers may need extending
Timothy Geithner, president of the Federal Reserve Bank of New York, said late on Monday 25 September that the Federal Reserve may have to extend its supervisory authority to securities firms and hedge funds to keep up with their growing role in the…
Ex-Fed chief Volcker sees inflation creep risks
Former Federal Reserve chairman Paul Volcker said Monday 25 September that he is worried both about inflation and pressure on the U.S. central bank to not do anything about it.
BOJ's Iwata says slow rate rise likely as economy
Japanese interest rates will rise slowly and gradually if the economy continues to grow and prices keep rising, Bank of Japan Deputy Governor Kazumasa Iwata said in a newspaper interview published on Tuesday 26 September.
BOT governor named adviser to military council
Thailand's military council on Tuesday 25 September named various prominent civilians to serve as its advisers, including Bank of Thailand governor Pridiyathorn Devakula.