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Interview with Bank of England's Walton
Speaking in an interview published on Wednesday 30 November, the most recent member of the Bank of England's Monetary Policy Committee, David Walton, said the Bank of England should not rush to move interest rates until it has a clearer idea of whether…
Crisis solved, but Reserve still political
According to this article published on Saturday 3 December, the Howard Government has practised classic crisis management on its problem with the Reserve Bank of Australia's board. This protects the Government and the Reserve Bank from further…
Nigeria's president approves CBN appointments
President Olusegun Obasanjo has approved the appointment of five new non-executive directors to the Board of the Central Bank of Nigeria following the expiration of the terms of the former members.
Argentine economy minister forced to resign
Roberto Lavagna was forced to resign this week as Argentina's economy minister, raising doubts over the sustainability of the country's economic recovery.
Bianchi appointed to Bank of Italy FX division
Bruno Bianchi has been appointed director general of Ufficio Italiano Cambi, the foreign exchange division of the Bank of Italy.
How the Fed should steer the Bernanke transition
According to this article published on Monday 28 November, the minutes of the latest Federal Open Market Committee meeting, released last week, suggest the Federal Reserve is having some difficulty handling the transition to a new chairman.
Interview with new OECD secretary-general
In an interview published on Monday 28 November, Angel Gurria, the new secretary-general of the OECD, said the OECD should become the forum for resolving global imbalances.
Comment: IMF criticises ECB's move
The decision by the ECB to increase interest rates by 25 basis points has come in for a fair amount of criticism in the press and from market analysts. On Thursday 1 December the eurozone's central bank received another stinging blow.
RBA's Gerard resigns from Board
Australian businessman Robert Gerard resigned from the Reserve Bank of Australia's interest rate setting Board on Friday 2 December, four days after reports he had to pay $150 million ($111 million) to settle a tax dispute.
ECB Council Members back rate decision
European Central Bank council members Christian Noyer, Axel Weber, and Klaus Liebscher came out in defense of Thursday's decision to raise eurozone interest rates, saying it won't hurt economic growth.
Trichet tight-lipped on future of ECB rates
European Central Bank president Jean-Claude Trichet declined to comment on Friday 2 December on the possibility of further rises in euro zone interest rates.
Buba, BaFin, Bank of Italy sign agreement
The Bundesbank, Germany's financial watchdog BaFin and Italy's central bank Banca d'Italia have signed an agreement to cooperate in the regulation of Unicredito Italiano SpA following its takeover of HVB Group, according to a statement published by BaFin.
BoT should regulate payments, says committee
According to a government committee on electronic transactions, the Bank of Thailand should have the authority to regulate the electronic payment business.
MAS says regulatory framework fundamentally sound
The Monetary Authority of Singapore has defended Singapore's regulatory framework, saying that it is fundamentally sound.
Proposal for BOJ's next-generation RTGS project
The Bank of Japan has released a consultation document on the proposal for the next generation of the BOJ-NET Funds Transfer System.
Fed's Greenspan on budget policy
In the speech 'Budget policy' given on 2 December Alan Greenspan of the Federal Reserve said good short-term prospects for the U.S. economy should not distract from huge looming fiscal strains that pose "significant" economic risks.
BoJ's Fukui on Japan's economy
In a speech given on 18 October (published 21 November) Toshihiko Fukui of the Bank of Japan said Japan's economy has emerged from its temporary pause and continues to recover.
Sveriges Riksbank Inflation Report, No. 4, 2005
Sweden's central bank, the Sveriges Riksbank, published its Fourth Inflation Report for 2005 on Friday 2 December. After a temporary slowdown at the beginning of the year, growth has picked up again, both in Sweden and in the world economy as a whole,…
Comment: None the wiser
The ECB has raised interest rates as expected, but its explanations for the much-criticised decision reveal little on its motivations or the future path of rates.
Former RBA chief says Gerard should quit
Former Reserve Bank of Australia Governor Bernie Fraser said RBA board member Robert Gerard should resign after a report he had to pay A$150 million (US$111 million) to settle a tax dispute.
Snow says Europe could perform better
U.S. Treasury Secretary John Snow said Thursday 1 December G7 finance ministers would discuss a familiar list of subjects at their meeting this weekend, including slow growth in Europe.
China says revaluation to slow reserves rise
The rapid build-up in China's foreign exchange reserves should slow following the revaluation this year of the renminbi, the People's Bank of China said on Wednesday 30 November.
Document shows plan to shake up EU payments system
The European Union's payments system is set for a wide-ranging overhaul to cut down on the cost of cross-border transactions and save up to 100 billion euros ($117.7 billion), a European Commission document quoted by Reuters showed on Thursday 1 December.
Mizuno says BOJ should shorten policy debate
Bank of Japan board member Atsushi Mizuno said in a speech the BOJ should not spend too much time debating over policy with the government or financial markets to avoid being "late" in shifting policy.