China
Dodge on policies for today's global economy
In the speech 'The right policies for today's global economy' given on 19 July David Dodge of the Bank of Canada said the IMF must adjust its quota system with ``urgency'' to give China and other countries more say and help resolve global imbalances.
ADB says China must tighten monetary policy
A senior Asian Development Bank official told Reuters in an interview on Tuesday 18 July that China needs to tighten its monetary policy to tackle an overheated economy and cut inefficient investment.
China may tighten yuan as economy grows
The Chinese controlled press reported on Thursday 14 July that the Chinese economy was forging ahead in the second quarter.
Paulson sworn in as US Treasury Secretary
Henry Paulson was sworn in as the 74th U.S. Treasury Secretary on Monday 10 July, saying he would build on the achievements of his predecessor, John Snow.
Review of the Asian Bond Fund 2 Initiative
The Bank of Japan has announced that the EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) Working Group on Financial Markets has released a report titled "Review of the Asian Bond Fund 2 Initiative."
China announces new appointment to PBOC
The BBC Monitoring Service on Tuesday 4 July reported the text of a report by official Chinese news agency Xinhua saying that China's State Council recently appointed Liu Shiyu as vice governor of the People's Bank of China.
Hong Kong unlikely to use yuan as reserve currency
The Hong Kong Monetary Authority is unlikely to use the yuan anytime soon as one of its reserve currencies, HKMA chief executive Joseph Yam said Thursday 29 June.
Paulson has strong confidence in Bernanke
Henry Paulson, President Bush's nominee as the next US Treasury Secretary, has thrown his weight behind Ben Bernanke, the new chairman of the Federal Reserve.
PBOC's Zhou sees 10% economic growth
China's economy will expand at least 10 pct in the second quarter and in full year 2006, despite measures designed to cool the economy, the Wall Street Journal cited People's Bank of China Governor Zhou Xiaochuan as saying.
China can convert part of FX to gold - report
Two central bank officials suggested China can convert part of its foreign exchange reserves to gold holdings to head off risks from the depreciation of the US dollar, China's state media reported.
PBOC adviser wants more monetary tightening
China should adopt more monetary tightening policies and may allow more yuan appreciation, People's Bank of China adviser Yu Yongding said.
Common currency basket in the 'ASEAN plus three'
East Asian countries, for example "ASEAN plus three countries" (China, Korea, and Japan), have been well cognizant of importance of the regional financial cooperation since the Asian currency crisis in 1997, according to the Discussion Paper "Adopting a…
Official: China banks must improve risk management
China's commercial banks need to improve their risk management and internal controls, the official Financial News reported, citing a senior official with the central bank's investment arm, Central Huijin.
Zhou: China to reconsider financial service limits
People's Bank of China governor Zhou Xiaochuan told a banking conference in Beijing that China needs to reconsider regulations limiting the range of services banks and other financial institutions can offer.
Bernanke says world better with flexible yuan
Federal Reserve chairman Ben Bernanke said on Monday 12 June both China and the world economy would be better off if China allowed the value of its yuan to be determined by a more flexible, market-determined system.
China appoints new central bank vice-governor
China's state council has named Liu Shiyu, the former assistant to the governor of the People's Bank of China, as the new central bank vice-governor.
Regime change?
According to this article by Steve Hanke, published 5 June 2006, in the months before the meetings of the International Monetary Fund and World Bank in April, the IMF appeared to be in its twilight.
PBOC's Zhou says no monetary tightening plan now
People's Bank of China governor Zhou Xiaochuan has said the PBOC does not plan to start further monetary tightening measures and will instead wait to assess the impact of its previous policy action.
PBOC: China must broaden investment channels
China should consider broadening its investment channels and introduce more investment products to absorb rising liquidity in the banking sector, central bank governor Zhou Xiaochuan said in a Securities Times report.
Russian reserves hit all time high
Russia's gold and foreign exchange reserves, boosted by record world oil prices, have touched an all-time high of $243.3 billion, the central bank said on Thursday 1 June.
Adviser says China should buy gold with reserves
China should use its foreign-currency reserves to buy gold and oil as a hedge to guard against the risk of a sudden drop in the U.S. dollar, according to a member of the central bank's advisory board.
RBA's Stevens on risk and the macroeconomy
In the speech 'Risk and the macroeconomy' given on 27 May Glenn Stevens of the Reserve Bank of Australia said interest rates around the world can't stay low and steady ``permanently'' and central banks will continue to control inflation.
PBOC to increase yuan flexibility
The People's Bank of China said in its first quarter monetary report that it will increase the flexibility of the yuan's exchange rate mechanism and intervene less in determining the currency's value.
Rybinski on inflation targeting, challenges ahead
In the speech 'Inflation targeting and the challenges ahead' given on 18 May Krzysztof Rybinski of the National Bank of Poland said that since 1990, when the pioneering Reserve Bank of New Zealand first introduced inflation targeting, over twenty…