Central Banks Real Time News items

• Bank of Japan keeps overnight call rate unchanged at 0.1%Posted:21/05/2010 6:57 GMT by NeedToKnowNews
• SNB's Danthine Says There Aren't Limits of FX Interventions, TheoreticallyPosted:20/05/2010 19:52 GMT by NeedToKnowNews
• SNB's Danthine Says There Aren't Limits of FX Interventions, TheoreticallyPosted:20/05/2010 19:49 GMT by NeedToKnowNews
• SNB's Jordan: EZ debt crisis could hit growth prospectsPosted:20/05/2010 15:21 GMT by NeedToKnowNews
  A debt crisis in the Eurozone could have long-term effects on economic growth prospects, in the EZ itself and also in Switzerland, according to the vice-president of the Swiss National Bank (SNB) Thomas Jordan. In the event of any such developments, the SNB would not permit the deflation risks to become too great and for that reason would act decisively to prevent an excessive Swiss franc appreciation, he said. The central banker also remarked that Switzerland had a strong interest in the effectiveness of the EZ rescue package so that destabilisation of the Euro could be avoided. Looking at the domestic picture, Dr. Jordan said the SNB foresaw a GDP growth rate of 1.5% this year and added that the recession had turned out to be substantially weaker than expected.
• SNB's Jordan: Spillover of Greek problems to other EZ member states can't be totally excludedPosted:20/05/2010 15:15 GMT by NeedToKnowNews
• SNB's Jordan says Switzerland has strong interest in effectiveness of EZ rescue packagePosted:20/05/2010 15:11 GMT by NeedToKnowNews
• SNB to act decisively against excessive CHF appreciation -- VP JordanPosted:20/05/2010 15:08 GMT by NeedToKnowNews
• SNB's Hildebrand Says Central Bank to Act in 'Decisive Manner' if NecessaryPosted:17/05/2010 17:16 GMT by NeedToKnowNews
• SNB's Hildebrand: Excessive CHF Appreciation, Deflation Threat Will Not be AllowedPosted:11/05/2010 18:05 GMT by NeedToKnowNews
• PREVIEW: Norges Bank seen raising rate to 2% in "close call"Posted:05/05/2010 12:12 GMT by NeedToKnowNews
  Norway's central bank is expected to increase its benchmark interest rate by 25 basis points to 2% at its rate decision, scheduled for 13:00 BST on Wednesday. However, analysts said it would be a finely balanced decision with a good chance that the rate will remain unchanged at 1.75% where it's been since December 2009. Even though the Norwegian economy has fared quite well through the global crisis, recent data casts doubt about the robustness of the recovery. The Norges Bank said in its March statement that "output is rising, but growth is not high and some industries are still in decline." Economist Ben May from Capital Economics expects no change in the rate since the Norwegian economy would still be "fragile". On the other hand, the Norges Bank said it will target an interest rate in the range between 1.5% - 2.5% in the period to the publication of the next monetary policy report on 23 June. This might suggests that there is room on the upside of the rate. Tina Martensen, a Citibank economist, said that the current rate of 1.75% would be extremely low. However, while she expects a rate hike of 25 basis point at the May meeting, she says it would be "close call".
• Russia cuts refi. rate by 25bps to 8% -- ReportPosted:29/04/2010 8:20 GMT by NeedToKnowNews
• Riksbank says increase in repo rate will begin in summer or early autumnPosted:20/04/2010 8:44 GMT by NeedToKnowNews
• Riksbank keeps repo rate unchanged at 0.25%Posted:20/04/2010 8:36 GMT by NeedToKnowNews
• RBA minutes: Stronger trade likely to lead to further interest rate rise rather sooner than laterPosted:20/04/2010 6:57 GMT by NeedToKnowNews
  Key points from the Reserve Bank of Australia's minutes from April: Increase in the terms of trade through 2010 was likely to be substantially larger than forecast in the February Statement on Monetary Policy due to developments in commodity markets. Therefore, "it might be prudent not to delay adjustment" (of the interest rate). "Since lending rates were still a little below average, members expected that they would probably need to rise further in the period ahead". "Outlook for the economy suggested that there was a case for a further step in the process of returning interest rates to more normal levels". "Forecasted growth in Australian economy in 2010 would be around trend and inflation would be around 2
• Mexican Central Banks Leaves Benchmark Unchanged at 4.5%Posted:16/04/2010 15:51 GMT by NeedToKnowNews
• "Too big to fail" issue must be resolved -- SNBPosted:15/04/2010 18:52 GMT by NeedToKnowNews
  Banks must no longer be allowed to operate on the basis that the state will come to their rescue in an emergency, according to Thomas Jordan, the vice-president of the Swiss National Bank. In a speech in Zurich the Swiss central banker said the "too big to fail " issue must be resolved. It was "absolutely central" that in future the state no longer be open to this kind of pressure. It would have to be possible in future for banks to go under and to do so, moreover, without endangering the economy and the whole country. Dr. Jordan stressed that the purpose of reform would not be to prevent banks from taking on risk. Rather, the aim was to ensure that in future banks assumed all the risk themselves. Dr. Jordan also called for greater transparency and standardisation in the financial system. Obscure and "barely comprehensible" financial products had substantially contributed to the escalation of the recent crisis and also contributed to the sudden loss of trust and confidence, Dr. Jordan said. It was also important in this context that in future financial products could be traded on exchanges and not merely bought and sold on an over the counter basis.
• OVERNIGHT: Royal Bank of Australia hikes rate by 25bps to 4.25%Posted:06/04/2010 7:16 GMT by NeedToKnowNews
• Central Bank of Columbia Leaves Benchmark Unchanged at 3.5%Posted:26/03/2010 18:52 GMT by NeedToKnowNews
• SNB calls for fundamental bank regulation reform:Posted:24/03/2010 19:13 GMT by NeedToKnowNews
  The regulation of banks must be comprehensively reformed, according to Thomas Jordan, vice president of the Swiss National Bank (SNB). Ahead of the introduction of new liquidity requirements in June this year, "we must find a solution to the 'too big to fail' problems in Switzerland", the central banker said. Speaking in the capital Berne, Dr. Jordan said that only in this event would it be possible to speak of an effective and lasting improvement in the system. Elsewhere, Dr. Jordan argued strongly for an increase in banks' own capital and liquidity. And if there was no action now on the regulation reform front, the next crisis would be farm more dramatic for Switzerland than the previous one.
• RBNZ Leaves Benchmark Unchanged at 2.50%Posted:10/03/2010 20:05 GMT by NeedToKnowNews
• Israel Central bank leaves benchmark rate unchanged at 1.25%Posted:22/02/2010 15:31 GMT by NeedToKnowNews
• Mexican Central Bank keeps overnight rate unchanged at 4.5%Posted:19/02/2010 15:03 GMT by NeedToKnowNews
• OVERNIGHT: RBA says further interest rate hikes likely if economic conditions gradually strengthen as expectedPosted:05/02/2010 7:42 GMT by NeedToKnowNews
• Egypt keeps benchmark rate unchanged at 8.75%Posted:04/02/2010 15:06 GMT by NeedToKnowNews
• Norges Bank Leaves Benchmark Unchanged at 1.75%Posted:03/02/2010 13:02 GMT by NeedToKnowNews
• Columbian Central Banks Leaves Benchmark at 3.50%Posted:29/01/2010 17:04 GMT by NeedToKnowNews
• Bank of Israel's Fischer: Bank is strategic in its forex intervention, has not intervened in over a monthPosted:27/01/2010 15:07 GMT by NeedToKnowNews
• Fischer: Expecting Fed to raise rates mid-year, maybe a "bit later"Posted:27/01/2010 15:00 GMT by NeedToKnowNews
  Fischer: Expecting Fed to raise rates mid-year, maybe a "bit later"
• BoJ keeps key rate at 0.1% by unanimous votePosted:26/01/2010 6:26 GMT by NeedToKnowNews
• Russian CB injects 125 bln roubles at 6.17% via one week reposPosted:29/12/2009 11:56 GMT by NeedToKnowNews
• Russian CB injects 131.5 bln roubles at 6.09% via one day reposPosted:29/12/2009 9:00 GMT by NeedToKnowNews
• Bank of Israel: "even after this increase in the interest rate, monetary policy continues to be expansionary"Posted:28/12/2009 15:47 GMT by NeedToKnowNews
  Bank of Israel: "even after this increase in the interest rate, monetary policy continues to be expansionary"
• Central Bank of Israel Raises Benchmark to 1.25%Posted:28/12/2009 15:32 GMT by NeedToKnowNews
• Egypt's Central Bank leaves key interest rate unchanged at 8.25%Posted:24/12/2009 16:35 GMT by NeedToKnowNews
• Chinese CB says domestic forces still not enough to drive growth -- ReportPosted:23/12/2009 7:40 GMT by NeedToKnowNews
  Monetary policy to be more targeted and flexible. Big swings in bank lending to be avoided next year.
• Chinese CB to maintain easy monetary policy -- ReportPosted:23/12/2009 7:35 GMT by NeedToKnowNews
• Brazil CB sees 2010 GDP growth at 5.8% -- ReportPosted:22/12/2009 11:15 GMT by NeedToKnowNews
  Main inflation risk from pace of economic recovery
• Russian CB injects 93 bln roubles at 6.38% via one week repos -- ReportPosted:22/12/2009 11:13 GMT by NeedToKnowNews
• Central Bank of Columbia Leaves Benchmark Unchanged at 3.5%Posted:18/12/2009 17:42 GMT by NeedToKnowNews
• OVERNIGHT: BOJ keeps interest rate at 0.1%Posted:18/12/2009 6:16 GMT by NeedToKnowNews
• Turkish Central Bank Keeps Benchmark at 6.5%Posted:17/12/2009 17:08 GMT by NeedToKnowNews
• Russian CB injects 145.2 mln roubles at 6.77% via one-day reposPosted:16/12/2009 8:55 GMT by NeedToKnowNews
• Danish Central Bank Cuts key interest rate to 1.20% from 1.25%Posted:10/12/2009 15:08 GMT by NeedToKnowNews
• BOE MAKES NO CHANGES TO QE POLICYPosted:10/12/2009 12:01 GMT by NeedToKnowNews
• NZ Central Bank expects to raise rates in mid-2010Posted:09/12/2009 20:02 GMT by NeedToKnowNews
• RBNZ leaves rates unchanged at 2.50%Posted:09/12/2009 20:01 GMT by NeedToKnowNews
• RBNZ expected to leave rates steady at 2.5% at 3pm EST announcementPosted:09/12/2009 19:51 GMT by NeedToKnowNews
• Russian CB injects 66.5 bln roubles at 6.49% via one-day reposPosted:09/12/2009 9:04 GMT by NeedToKnowNews
• Russian CB injects 61.5 bln roubles at 6.39% via one-day reposPosted:04/12/2009 8:54 GMT by NeedToKnowNews
• Russia deputy EconMin: Govt. worry rouble strength will erode competitiveness -- ReportPosted:01/12/2009 11:59 GMT by NeedToKnowNews
• Danish central bank: Recession in world economy appears to be overPosted:30/11/2009 10:46 GMT by NeedToKnowNews
• SNB's Roth Says Banks Has No Plans to Sell GoldPosted:24/11/2009 18:15 GMT by NeedToKnowNews
• Citi Expects Fed to Raise Benchmark in Q1 '10, ECB Expected to Raise Benchmark from 1% in Q1 '11Posted:23/11/2009 19:07 GMT by NeedToKnowNews
• Israeli central bank has raised benchmark rate by 25bps to 1%Posted:23/11/2009 15:32 GMT by NeedToKnowNews
• Turkish CB chief says growth still negative but seeing first signs of recovery -- ReportPosted:20/11/2009 8:55 GMT by NeedToKnowNews
• BuBa's Zeitler says problem of structured securities in balance sheets has reduced but not solved yetPosted:17/11/2009 8:49 GMT by NeedToKnowNews
• Buba's Zeitler says we cannot speak of a credit squeeze from today's point of view; low point of credit volume expected for H1 2010Posted:17/11/2009 8:49 GMT by NeedToKnowNews
• German Bundesbank vice president Zeitler says 2010 will be a diffcult year in bankingPosted:17/11/2009 8:49 GMT by NeedToKnowNews
• BuBa's Zeitler says German public debt likely to reach 80% of GDP until 2011Posted:17/11/2009 8:49 GMT by NeedToKnowNews
• Central Bank of Egypt Leaves Benchmark Unchanged at 8.25%Posted:05/11/2009 15:29 GMT by NeedToKnowNews
• RBNZ's Bollard says New Zealand is not Australia, criticises fin marketsPosted:05/11/2009 8:14 GMT by NeedToKnowNews
  Reserve Bank of New Zealand's governor Alan Bollard said that financial markets need to appreciate that New Zealand is not Australia.
• Russian CB: Premature for banks to cut bad debt provisions -- ReportPosted:02/11/2009 9:55 GMT by NeedToKnowNews
• Russian CB says bought around $8 bln this month -- ReportPosted:19/10/2009 11:01 GMT by NeedToKnowNews
• Russian CB says does not rule out further rate cuts -- ReportPosted:19/10/2009 11:00 GMT by NeedToKnowNews
• Mexican Central Bank Leaves Benchmark Rate Unchanged at 4.5%Posted:16/10/2009 15:03 GMT by NeedToKnowNews
• Turkish Central Bank Lowers Benchmark to 6.75%Posted:15/10/2009 17:15 GMT by NeedToKnowNews
• Shirakawa says will keep low rates regardless of fate of fund support steps -- ReportPosted:14/10/2009 8:28 GMT by NeedToKnowNews
• BoJ's Shirakawa says small firm's funding conditions remain severe -- ReportPosted:14/10/2009 8:24 GMT by NeedToKnowNews
• Russian CB injects 69.23 bln roubles at 7.35% via one week repos -- ReportPosted:13/10/2009 10:52 GMT by NeedToKnowNews
• Russian CB injects 63.54 bln roubles at 7.3% via one-day reposPosted:08/10/2009 8:56 GMT by NeedToKnowNews
• Russia injects nearly 72bln roubles via one-day repos -- reportPosted:07/10/2009 8:45 GMT by NeedToKnowNews
• Mexican Central Bank sells 30yr bond at 8.56%;182Day Cetes at 4.88%;91 day at 4.63% and 28 day at 4.51%Posted:06/10/2009 17:32 GMT by NeedToKnowNews
• Venezuelan Central Bank - September Inflation up .3% month on month to 2.5%Posted:06/10/2009 16:52 GMT by NeedToKnowNews
• Reminder: RBA to announce rates at 11:30pm EDT tonight, no change is expectedPosted:05/10/2009 20:38 GMT by NeedToKnowNews
• Russian CB injects 66 bln roubles at 7.31% via one day reposPosted:05/10/2009 9:10 GMT by NeedToKnowNews