News
ECB's Bini Smaghi: IMF risks becoming secretariat
European Central Bank (ECB) board member Lorenzo Bini Smaghi said the International Monetary Fund needs to give the ECB and eurozone stronger representation, according to an interview by the Financial Times.
Issing praises German deficit efforts
In an interview to be published Thursday 30 March European Central Bank chief economist Otmar Issing welcomed efforts by the German government to tackle the country's budget deficit.
Interview with Malaysia's Zeti
In an interview published Thursday 23 March, Bank Negara Malaysia governor Zeti Akhtar Aziz said the BNM will intervene in foreign-exchange markets to moderate any major outflows, particularly if such moves don't reflect economic fundamentals.
New BOK governor
Lee Seung-tae, designated by President Roh as the Bank of Korea's new governor, inherits both great authority and formidable responsibility, according to this Opinion piece published on Sunday 26 March.
Fed introduces new kids' web page
The Federal Reserve Board on Monday launched a new kids' web page designed to educate middle school students about the Board of Governors of the Federal Reserve System.
IMF's Rato on Palocci's resignation
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued a statement on Monday 27 March on the resignation of Brazilian Finance Minister Antonio Palocci.
BoE's King sees near-term rise in inflation
Speaking before the Treasury Select Committee on Tuesday 28 March, Bank of England governor Mervyn King said that CPI inflation will likely rise above the 2 pct target over the short term.
China currency reserves top Japan's - report
China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.
Former Mizuho executive may join BoJ board
The Japanese government plans to appoint Tadao Noda, a former deputy president of Mizuho Financial Group Inc. (8411.TO), as a new member of the Bank of Japan's Policy Board, Kyodo News reported, citing government sources.
West Africa seeks new central bank governor
Heads of state of eight west African countries met Monday 27 March to find a new head for the Central Bank of West African States and review progress in fighting a bird flu outbreak in the region.
BoJ to stick to best policy timing - Fukui
Bank of Japan Governor Toshihiko Fukui said on Monday 27 March that the central bank will conduct monetary policy with the most appropriate timing and a delicate touch.
State Bank of Vietnam urged to modernise
The State Bank of Vietnam has not reached the levels of transparency and accountability required of a successful central bank, a State Bank official was quoted as saying by Vietnam News.
China should tap reserves to buy gold
A Bank of China official was quoted on Monday 27 March as saying that China should use part of its foreign exchange reserves to buy gold.
Turkey: Sezer rejects central bank candidate
Turkish Prime Minister Recep Tayyip Erdogan has said that President Ahmet Necdet Sezer did not ratify the government's candidate for the governorship of the Central Bank of Turkey.
CBK's Mullei 'replaced' as governor
Central Bank of Kenya governor Dr Andrew Mullei is to be replaced temporarily at the CBK by deputy governor Mrs Jecinter Mwatela who has been appointed acting governor.
Norges Bank's Conference on Monetary Policy 2006
The Norges Bank's conference on monetary policy 2006, which is held in connection with the publication of Norges Banks's Annual Report for 2005, will be held on 30 March.
Indra Nooyi elected to NY Fed Board of Directors
Indra Nooyi, president and chief financial officer of PepsiCo, Inc., was elected to the board of directors of the Federal Reserve Bank of New York on Thursday 23 March.
Mullei 'must vacate office' - attorney-general
Kenya's Attorney-General, Amos Wako, was quoted in a report by Kenyan Capital FM radio as saying that central bank governor Dr Andrew Mullei must vacate office pending the outcome of a case he is facing before the anti-corruption court for abuse of…
Estonia sees 'unlikely' January move to euro
The Bank of Estonia has concurred with economic forecasts by the Ministry of Finance that suggest higher than expected inflation will hamper Estonia's plans to join the euro zone in 2007.
Dollar risk not 'worrisome' says Bernanke
Federal Reserve chairman Ben Bernanke said in a 21 March letter that a possible decline in the dollar because of less foreign investment wouldn't have a "worrisome" effect on the U.S. economy.
Trichet praises ECB's courage on rates
European Central Bank president Jean-Claude Trichet said the ECB's "courageous" decision to maintain a low level of interest rates in recent years has meant a more marked slowdown in eurozone growth has been prevented and helped economic recovery.
Parliament to probe Poland's central bank
The Polish parliament voted on Friday 24 March to establish a panel to investigate decisions by the National Bank of Poland on foreign takeovers in the financial sector since communism fell.
BoJ's Nakahara warns of deflation return
A Bank of Japan policy board member warned on Thursday 23 March that the BoJ is unlikely to need to tighten credit soon and should instead watch for renewed deflation.
Bank of England's Lambert to leave MPC
Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.