China
PBOC raises bank reserve requirement again
The People's Bank of China said Friday 16 February it has raised bank reserve requirements, with effect from 25 February.
Bernanke says China's yuan is 'undervalued'
Federal Reserve chairman Ben Bernanke said Thursday 15 February he thinks the Chinese yuan is undervalued and should be allowed to trade more freely on international markets.
PBOC says Wu's remarks don't rule out rate action
The People's Bank of China said Wednesday 14 February that comments by its vice governor published yesterday do not rule out the use of interest rates as an appropriate tool to absorb excessive liquidity.
China finance official may head reserves body
China's vice-minister of finance is seen taking charge of the new body planned to manage part of China's massive foreign exchange reserves, the Financial Times reported Wednesday 14 February.
Bernanke in a democratic lion's den
According to this article from Dow Jones, published Tuesday 13 February, Federal Reserve chairman Ben Bernanke will hope not to become a snack this week when he walks into a Democratic lion's den.
PBOC official says current rates 'appropriate'
The current level of Chinese interest rates is "still appropriate" given economic and financial indicators, a senior People's Bank of China official said in an interview published Tuesday 13 February.
Cb of China (Taiwan) to change name
The Central Bank of China (Taiwan) announced Saturday 10 February it has changed its English name as shown on its website in a move to avoid possible confusion with financial institutions in China.
PBOC's Zhou says inflation data being studied
People's Bank of China governor Zhou Xiaochuan told reporters Friday 9 February the central bank is studying inflation data carefully to see if the recent acceleration is due to real inflationary pressures or seasonal factors.
When larger reserves may not really be good
According to this article from the New Straits Times, published Friday 9 February, questions the idea that foreign exchange reserves are a key indicator of macroeconomic strength.
BOK chief says reserves may go to overseas stocks
South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.
PBOC closely monitoring inflation pressure
Inflation pressure is building up from rising consumer prices in China and requires the attention of all branches of the People's Bank of China (PBoC), the central bank-backed Financial News reported Wednesday 7 February, citing PBoC vice governor Xiang…
Yuan rise not response to US pressure, says Fan
Fan Gang, the only non-government representative on the People's Bank of China's monetary policy committee, said in an online interview on Sina.com that recent yuan strength is not a response to US pressure.
PBOC tells lenders to monitor loans closely
The Shanghai branch of the People's Bank of China has told local lenders to tighten examination of loans to prevent illegal inflows of funds into the stock market, the official Xinhua News Agency reported Tuesday 6 February.
China factors will be key in 2007 gold market
According to this article from Interfax-China, published Friday 2 February, Chinese factors are likely to have an increasing influence on the gold price this year with the possibility that the People's Bank of China will increase gold reserves.
PBOC's Gang says China to step up liquidity fight
A senior official at the People's Bank of China said on Sunday 4 February that China had mopped up much of the excess liquidity derived from massive trade and investment flows but must stay alert to keep money supply and credit in check.
Paper says 3-way split for China's FX reserves
China is planning to set up a new agency to manage a fifth of the country's $1.07 trillion in foreign currency reserves as part of a shake-up that will divide responsibility for the stockpile among three bodies, a newspaper reported on Thursday 1…
China aims to spend $200bn of reserves
This article from the Asia Times, published Saturday 3 February, looks at the idea that China's Ministry of Finance plans to issue yuan-denominated bonds to 'buy out' as much as $200 billion from the country's massive foreign reserves.
Reforming China's exchange rate policy
This Working Paper from the University of Venice is aimed at analysing the decision of the Chinese central bank to reform the exchange rate of the national currency and to gauge the effects of this change in regime on the Chinese economy and the world…
Report says China to set up FX investment unit
The Chinese government is expected to introduce a number of foreign exchange reform measures this year including setting up a state forex investment company, the China Securities Journal reported Thursday 1 February, citing an unnamed state official.
PBOC 'closely monitoring' property prices - report
China's central bank is "closely monitoring" domestic property prices, state media quoted the People's Bank of China governor as saying Tuesday 30 January.
Greenspan promotes stronger Chinese yuan
China may improve the stability of its economy by allowing the yuan to rise faster, Alan Greenspan, former chairman of the U.S. Federal Reserve, said Monday 29 January via video link at a conference in Shanghai organized by UBS AG.
PBOC's Wu says yuan to shift gradually
People's Bank of China deputy governor Wu Xiaoling said at the World Economic Forum that the yuan exchange rate will gradually become more flexible.
China:Strengthening monetary policy implementation
According to this IMF Working Paper, published January 2007, the People's Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks but their effectiveness will diminish as the sophistication of the economy increases.
China's Yu says coordinate foreign reserve policy
Yu Yongding, a former adviser to the People's Bank of China, said on Friday 26 January that officials should coordinate foreign reserve policy with other Asian central banks to prevent volatility in currency markets.