Central Banks Not Seeking Weak Currencies: Trichet

Leading central bankers are not advocating weak currency policies and back more flexible exchange rates, European Central Bank chief Jean-Claude Trichet said after they met here on Monday. “Colleagues were very much in line with the present consensus as regards the necessity to have progressively more exchange rate flexibility,” he told journalists after the regular [...]

Central Banks Across the Atlantic Stand in Contrast to Fed

The Bank of England and the European Central Bank kept monetary policy on hold Thursday, demonstrating dramatically different approaches on both sides of the Atlantic a day after the U.S. Federal Reserve announced a new massive bond-buying program. The European Central Bank left its key lending rate unchanged at a record low 1%, as expected. [...]

Central Banks Warn of New Crisis

Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession  may create the next crisis, the Bank for International Settlements said. The global economy as well as financial markets were on the mend, though the recovery [...]

Dutch, Singapore Central Banks in Liquidity Deal

The Monetary Authority of Singapore said on Monday they had signed a deal to provide emergency liquidity to banks in each others’ territories. Under the terms of the arrangement Dutch banks in Singapore can approach the MAS, and Singapore banks in the Netherlands can approach the DNB, if they require “liquidity assistance”. Read more…

BIS Sees Risk Central Banks Will Raise Interest Rates Too Late

The Bank for International Settlements said there’s a risk central banks will raise interest rates and withdraw emergency liquidity too late, triggering inflation. History shows that policy makers “have a tendency to be late, tightening financial conditions slowly for fear of doing it prematurely or too severely,” the BIS, which oversees central banks, said in [...]

Event Risk – BRIC Meeting on June 16th

BRIC is an acronym for the developing nations of Brazil, Russia, India and China. These nations will meet on June 16th and the reserve status of the USD is expected to be a key topic of discussion. Chinese and Russian officials have expressed concern about the USD reserve status and their holdings of US assets. [...]

BOJ’s Mizuno Says Central Banks Need to Discuss Exit Policy (Bloomberg)

June 8 (Bloomberg) — Bank of Japan board member Atsushi Mizuno said central banks need to discuss how to unwind their unconventional policy measures even though the global economy is still in a slump. Read more….

Salameh Must Remain at Head of Central Bank After Polls – Experts

BEIRUT: A leading economist advised on Friday the winners of the forthcoming parliamentary elections to avoid any attempt to intervene in the monetary policies of Central Bank Governor Riad Salameh. “Irrespective of who wins the elections in June 7, preserving the position of Salameh is quite imperative,” Ghassan Ayash, an economist and former vice governor [...]

ECB’s González-Páramo: Central Banks Should Not Take On Credit Risks Unless There Are Good Reasons (INO News)

(RTTNews) – Central banks should not take on credit risk unless there are good reasons for doing so, European Central Bank Executive Board member José Manuel González-Páramo said Thursday. Read more….

(AFX UK Focus) 2009-06-05 12:08 BOJ Mizuno:Central banks must explain exit strategies (Interactive Investor)

TOKYO, June 5 (Reuters) – Bank of Japan Policy Board member Atsushi Mizuno said that central banks need to explain to the markets how they plan to end their unconventional policy steps to avoid hurting their economies, the text of a speech he made late last month showed on Friday. “There may be an opinion [...]

Merkel Lashes Out at Central Banks (BusinessWeek)

Heads of state rarely criticize central banks openly. But German Chancellor Angela Merkel lit into the Fed, BoE, and ECB over inflation fears Read more….

European, British central banks keep rates steady (San Francisco Chronicle)

The European Central Bank and the Bank of England both kept official interest rates at record lows on Thursday, adopting a cautious holding stance amid fledgling signs of an economic recovery across Europe. Both banks warned against celebrating the end of the… Sponsored Topics: European Central Bank – Business – Recession – Interest rate – [...]

Merkel critical of central banks (AP via Yahoo! Finance)

German Chancellor Angela Merkel has voiced skepticism about leading central banks’ approach to tackling the economic crisis, suggesting that they may be storing up more trouble for the years ahead. Read more….

(AFX UK Focus) 2009-06-02 12:40 UPDATE 1-Merkel criticises central banks response to crisis (Interactive Investor)

BERLIN, June 2 (Reuters) – German Chancellor Angela Merkel issued rare public criticism of central banks on Tuesday, questioning their decision to pursue non-standard steps to fight the crisis and urging a return to “reason” in monetary policy. “I view with a great deal of scepticism the extent of the Fed’s powers and that the [...]

Central banks communicating more with public: Global survey (The Economic Times)

Central banks communicating more with public: Global surveyCentral banks communicating more with public: Global survey Read more….

Iraq Islamic banks urge law reform to boost growth (Gulf Times)

Reuters/Baghdad There is huge potential for Islamic finance in Iraq, banking officials said, and the country’s central bank said it was looking at ways to encourage the sector’s growth in response to demands from Islamic banks. Read more….

Central banks alert to risks (Perth Now)

THE Reserve Bank has downplayed the risk that central banks might be slow to react to rising inflation after almost of year of drastic interest rate cuts. Read more….

(AFX UK Focus) 2009-05-28 15:30 Central banks need longer perspective, ECB’s Weber (Interactive Investor)

FRANKFURT, May 28 (Reuters) – Central banks should think about entire economic cycles when setting monetary policy rather than just shorter-term snapshots, European Central Bank Governing Council member Axel Weber said on Thursday. Weber, who is also the Bundesbank president, said monetary policy should be symmetric — rates are raised and cut in equal measure [...]

Shirakawa Says Central Banks Must Keep Balance Sheets Healthy (Bloomberg)

May 27 (Bloomberg) — Bank of Japan Governor Masaaki Shirakawa said central banks should be mindful about the soundness of their balance sheets as they purchase more assets to combat global financial turmoil. Read more….

Dutch, Hong Kong central banks sign liquidity deal (Reuters via Yahoo! Philippines News)

AMSTERDAM, May 26 (Reuters) – The Dutch central bank (DNB) and the Hong Kong Monetary Authority said Tuesday they signed a memorandum of understanding for emergency liquidity for banks in each other’s territory. Read more….

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