News
MPC considered rate rise says BoE's Gieve
The Bank of England's Monetary Policy Committee considered raising interest rates for the second consecutive month in September, deputy governor Sir John Gieve told the Financial Times newspaper in an interview published Monday 25 September.
China FX levels at US$1 trillion by October-report
China's foreign exchange reserves are expected to hit one trillion US dollars by September or October, the official Securities Times reported, citing a member of the central bank's monetary policy committee.
ECB's Trichet says Europe lags US on labour
European Central Bank president Jean-Claude Trichet told a panel discussion on Saturday 23 September that labour productivity is the biggest problem facing the eurozone economy.
Paper says ex-central banker may become Thai PM
A former central bank chief has been tipped to become Thailand's interim civilian leader after Prime Minister Thaksin Shinawatra was ousted in a military coup, a newspaper reported on Saturday 23 September.
Fed vigilant on inflation says Fisher
Federal Reserve Bank of Dallas president Richard Fisher said in a speech on Monday 25 September that slowing U.S. economic growth should keep inflation under control, but the US central bank will act if needed.
Liikanen warns of need for inflation vigilance
European Central Bank governing council member Erkki Liikanen said in a speech on Friday 22 September that vigilance was required on inflation despite a sharp fall in oil prices.
Kosovo banking authority becomes central bank
According to news agency KosovaLive, UN Interim Administration Mission in Kosovo (UNMIK) head Joachim Ruecker signed an agreement on Wednesday 20 September by which the Banking and Payment Authority of Kosova becomes the Central Banking Authority of…
SARB rejects IMF inflation-target suggestion
The government and the South African Reserve Bank have asked the International Monetary Fund (IMF) to stop making policy suggestions that sound prescriptive, South African Reserve Bank Governor Tito Mboweni said on Friday 22 September.
PBOC chief sees opening up of financial markets
People's Bank of China governor Zhou Xiaochuan said Thursday 21 September that China will continue developing and opening up its financial market.
Court says Polish bank probe unconstitutional
Poland's constitutional court ruled Friday 22 September that a parliamentary commission set up to probe the activities of the country's central bank and its governor Leszek Balcerowicz was unconstitutional, AFX Europe said.
SARB's Mboweni warns rates may have to rise
South Africa's central bank warned on Thursday 21 September that a large deficit on the country's current account could force interest rates higher.
Riyadh to host payment systems conference
A two-day international conference on 'Payment Systems in Saudi Arabia and GCC countries' is to be held in Riyadh from 14 November. The forum will discuss the present mode of electronic access to funds at remote locations and future strategies.
China's Zhou says no timetable to widen yuan band
The People's Bank of China has no timetable for widening the trading band for the yuan against the dollar, PBOC governor Zhou Xiaochuan said Thursday 21 September.
Fed, staying put, seeks signals for next move
This article published Thursday 21 September by Bloomberg says that the Federal Reserve's decision to leave US interest rates unchanged on Wednesday indicates they still want to see how matters unfold before doing anything else.
Dodge adviser says statements can be mis-read
An advisor to Bank of Canada governor David Dodge said on Wednesday 20 September that investors sometimes read too much into the statements announcing central bank interest-rate decisions, and may look for clues that aren't there.
Fed appoints successor to Rich Spillenkothen
The Federal Reserve Board on Thursday 21 September announced the appointment of Roger T. Cole as director of the Division of Banking Supervision and Regulation, effective immediately.
Russia appoints new supervision head
A new official has been appointed to run the Russian central bank's Banking Supervision Committee, following the murder of the first deputy chairman a week ago, the bank announced Thursday 21 September, according to RIA Novosti.
CNB's Erbenova rules out 2010 euro date
Czech National Bank board member Michaela Erbenova told daily newspaper Dnes that the Czech Republic will not adopt the euro by its 2010 target date.
BOT chief denies premiership rumours
Bank of Thailand (BOT) governor M.R. Pridiyathorn Devakula on Wednesday 20 September denied a rumour he had been approached to take the Thai premiership.
ECB Liikanen says more rate hikes needed
The European Central Bank will have to raise interest rates again if it is to keep inflation under control, Finnish central bank chief Erkki Liikanen said in a newspaper interview published Wednesday 20 September.
BoE minutes show inflation concerns worry MPC
Bank of England Monetary Policy Committee members said in minutes released Wednesday 20 September that inflation is likely to speed-up and growth will stay around the long-term average.
Central banker of the year announced
Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.
GCC central bank to be based in Abu Dhabi
The GCC states have already agreed to base the new GCC central bank in Abu Dhabi, a report said.
China adds other currencies to reserves
Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE), said in an article carried in the latest issue of the Emerging Markets magazine that China has cut the proportion of US dollars assets in its foreign exchange reserve in recent…