News
Korea to get 3 new BOK board members
With new Bank of Korea Governor Lee Seong-tae showing himself to be somewhat more hawkish than his predecessor, this article published Thursday 6 April says that the focus has now shifted to three other appointments to be announced to the policy-making…
Will India free the rupee?
According to this article published Tuesday 4 April, full convertibility of the rupee should give companies more access to foreign debt markets, cut delays in foreign exchange trades, and enhance foreign investor access to India's banks and debt market.
Should GCC states diversify reserves?
According to the article 'Should GCC states diversify reserves away from the US dollar?' published Tuesday 4 April, the discussion among GCC central banks about diversifying away from the US dollar comes at a time when the greenback has already devalued…
Central banks differ on RBI / MAS pact
The Reserve Bank of India and the Monetary Authority of Singapore have differences on many issues relating to the India-Singapore Comprehensive Economic Co-operation Agreement, the Business Standard newspaper reported Wednesday 5 April.
PBOC official says China not pursuing reserve rise
China is not deliberately pursuing expansion of its foreign exchange reserves or any particular level of reserves, a vice head of the central bank said in comments published on Wednesday 5 April.
Acting deputy governor appointed in Turkey
The Turkish government has appointed Cigdem Kose, general director of the central bank's markets department, as acting deputy governor after a vice governor retired, the bank said.
Feds Hoenig says 'close to where we need to be'
Interest rates are very close to appropriate levels after 15 straight meetings with quarter-point rate hikes, said Thomas Hoenig, the Kansas City Fed president.
Kenya: Inside the central bank
This article published Sunday 2 April says that the fact that central bank governors always find themselves in trouble with the establishment is not surprising, not when one considers the enormous powers bestowed on the office.
Interview with Afghanistan's Delawari
According to an interview with Central Bank of Afghanistan governor Noorullah Delawari, published Saturday 1 April, security risks in the country are a major obstacle to investment outside of aid plans.
Which model for the central bank?
According to this article published Monday 3 April, the question of which model the State Bank of Vietnam should adopt is being raised again.
Bank of Canada to upgrade $5 banknote
The Bank of Canada on Tuesday 4 April announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.
Jersey co-operation with Qatar Central Bank
The Jersey Financial Services Commission and the Qatar Central Bank signed a Memorandum of Understanding on Friday 31 March.
Reserve Bank of Malawi seeks autonomy
The Reserve Bank of Malawi has proposed for the amendment of the Malawi constitution so that it can move to a semi-autonomous status.
Brazil to keep building reserves - Meirelles
Brazil's central bank will keep buying U.S. dollars in the currency market in a bid to build up international reserves, central bank President Henrique Meirelles told reporters.
UAE, Qatar may buy euros for reserves
The United Arab Emirates and Qatar said they may buy euros with some of their combined $30 billion of foreign exchange.
Chinese official calls for cut in debt holding
China should stop buying U.S. Treasuries and take measures to reduce its holdings in those bonds, a Hong Kong newspaper on Tuesday 4 April quoted a high-ranking Chinese official as saying.
India's central bank is prudent, not miserly
According to this article published on Thursday 30 March, Reserve Bank of India governor Y.V. Reddy is perfectly capable of communicating to the market what he may or may not do, without the intervention of the finance minister.
Philly Fed chief Santomero departs
According to this article published on Friday 31 March, Philadelphia Federal Reserve Bank president Anthony Santomero steps down during a phase of unusually high turnover at the U.S. central bank.
TrygVesta appoints Nyboe Andersen deputy chairman
TrygVesta AS has appointed former Danmarks Nationalbank governor, Bodil Nyboe Andersen, as the new deputy chairman of the insurance group.
Launch of spot USD/HKD fixing
The Treasury Markets Association (TMA) announced Monday 3 April that the Spot USD/HKD Fixing would be formally launched on 6 April 2006, the Hong Kong Monetary Authority said in a press release.
HKMA pay review 2006
The Hong Kong Monetary Authority (HKMA) announced on Friday 31 March the result of the annual pay review for staff of the HKMA in 2006.
MPC inaction undermines need for meetings
This article, published on Monday 3 April, looks at recent comments by a member of the Bank of England's MPC, for the first time, which publicly question the need for monthly meetings of the interest rate setting committee.
New BOK chief says policies should be timely
The new Bank of Korea governor emphasised at a weekend press briefing that 'timeliness' was vital in enforcing monetary policy.
PBOC says not right time to raise rates
China will not raise interest rates at this time, a central bank official said, according to a report from the Xinhua news agency on Monday 3 April.