News
ECB's Weber not worried on Iran reserves threat
A threat by the Central Bank of Iran to move its foreign exchange reserves out of dollars into other currencies, notably the euro, should not necessarily be a cause for concern, European Central Bank Governing Council member and Bundesbank President Axel…
ECB's Liikanen sees 'challenge' to cut inflation
Bringing eurozone inflation back down to the European Central Bank's target level of 2 pct or lower will be "a challenge", even over the medium term, said ECB governing council member Erkki Liikanen in an interview published Tuesday 19 September.
Hedge funds take backseat to Asian central banks
According to this article from Bloomberg, published Friday 15 September, hedge funds are taking a backseat to Asian central banks.
China making progress on FX reforms says Zhou
China's foreign exchange reforms have made "significant progress," though the impact will be seen over time, People's Bank of China governor Zhou Xiaochuan told fellow financial leaders on Tuesday 19 September.
Oman begins automated clearing
Oman's central bank has started its automated clearing house system for handling bulk electronic credit and debit transfers, according to the Oman Daily Observer.
Barker says MPC surprised by house price jump
Bank of England Monetary Policy Committee member Kate Barker told the Daily Telegraph the recent jump in UK house prices has surprised the MPC.
Trustees for emerging markets holds first meeting
Members of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets held their inaugural meeting on Monday 18 September in Singapore. The discussions focused on a review of the Principles and their…
IMF members approve voting reform plan
The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.
Murdered Russian banker may have had phone tapped
The BBC Monitoring Service on Saturday 16 September reported a translation of a story on Russian NTV which said murdered Russian central banker Andrey Kozlov may have had his phone tapped and that up to tem people could have been involved in the killing.
Draghi says Italy can beat euro growth
Bank of Italy governor Mario Draghi told reporters on Sunday 17 September he felt that Italy's economy could grow far more strongly than its European partners.
Gonzalez-Paramo says ECB 'strongly vigilant'
European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said on Monday 18 September that eurozone interest rates were low and the ECB was strongly vigilant over risks to inflation.
Govt and RBA reaffirm policy
Treasurer Peter Costello and Reserve Bank of Australia governor Glenn Stevens, who began his term on Monday 18 September, have reaffirmed the government's agreement with the RBA on monetary policy.
G7 positive on prospects for world economy
Global growth is on track despite risks from high oil prices and other threats, finance chiefs from the Group of Seven industrialized nations said Saturday 16 September.
Fukui says risks will be assessed cautiously
Bank of Japan governor Toshihiko Fukui said Friday 15 September the central bank will cautiously monitor various risks before taking further policy actions in its current credit-tightening cycle.
Summers: Central banks should make reserves work
Developing countries hold $2 trillion in excess reserves, but make almost no profit on the money, former U.S. Treasury secretary Lawrence Summers said on Thursday 14 September.
King plays straight bat in central bank talk
According to a study published Thursday 14 September by stockbroker ICAP Australia, the Reserve Bank of Australia's governor is easier to understand than his US peer, but both lose out to Mervyn King.
FMC report shows Fed governors get richer
The Federal Reserve Board's governors have grown steadily richer in the last year as President George Bush's appointments have reshaped the board of governors, research by the Financial Markets Center shows.
Murder won't disrupt central bank's work-Ignatiyev
The Russian central bank is working as usual despite the murder of First Deputy Chairman Andrei Kozlov, chairman of the Russian Central Bank Sergei Ignatiyev told Russian President Vladimir Putin at a meeting on Friday 15 September.
SEA-LAC central bank governors' meeting begins
Central Bank Governors from South East Asia (SEA), Latin America and the Caribbean (LAC) gathered Friday 15 September for the first time in Kuala Lumpur, for the inaugural SEA-LAC Central Bank Governors' Meeting.
Turkish central bank could move to Istanbul
"It would take a new law to move the Central Bank of Turkey from Ankara to Istanbul. If the parliament approves such a draft law, the central bank moves to Istanbul," Turkish central bank governor Durmus Yilmaz has said.
Russia's central bank deputy shot dead
Andrei Kozlov, the central bank of Russia's first deputy chairman, died in hospital hours after he was shot on Wednesday 13 September.
China plans national financial regulator
China plans to set up an agency to link regulatory efforts by the central bank, market watchdogs and other monitors, a deputy finance minister said Wednesday 13 September.
PBOC's Su says yuan flexibility to increase
China will continue to increase the flexibility of the yuan exchange rate and provide more derivative products to allow companies to hedge their currency risk, a vice-governor of the People's Bank of China said.
ECB alert to inflation danger - Trichet
European Central Bank president Jean-Claude Trichet said in an interview due for release on Friday 15 September that the ECB bank remains on the alert about euro zone inflation dangers.