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Fazio, humiliated, still fails to take the hint
The Economist magazine gave its opinion on the Fazio Affair in this article published on Monday 26 September. Mr Fazio's behaviour has wrecked the reputation of the central bank, hitherto one of the country's few internationally respected institutions,…
Zeti wins Central Banker of the Year award
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been awarded the title of Central Banker of 2005 by Euromoney, the international publisher.
Prosecutors probe Fazio for 'abuse of office'
Antonio Fazio, governor of the Bank of Italy, was secretly placed under investigation in early August, prosecutors in Rome disclosed on Thursday 29 September.
Comment: When will Basel II bite
The Basel committee's members are committed to implement their new capital accord in just 15 months. The basic framework should go live on January 1, 2007; with the most advanced approaches following at the end of 2008. But what about those non-member…
Report says China's reserves still rising fast
China's foreign exchange reserves continued to rise in August, a newspaper reported on Friday 30 September, suggesting further upward pressure on the yuan.
ECB view on Bank of Italy reform in next fortnight
The European Central Bank will give its view on the proposed reform of the Bank of Italy in the next fortnight, ECB vice-president Lucas Papademos said Friday 30 September.
IMF's Deppler sees eurozone recovery on horizon
A top IMF official said on Friday 30 September that the potential economic growth rate for the eurozone should rise above 2% in the next few years, but high oil prices could delay the recovery.
Santomero sees bounce back in US economy
Post-hurricane rebuilding will help the U.S. economy bounce back in 2006, Philadelphia Federal Reserve President Anthony Santomero said in comments published on Friday 30 September.
Banco de Mexico goes live with new software
OpenLink, a provider of trading and risk management software solutions, announced on Friday 30 September that Banco de Mexico, the second largest central bank in the Americas, has gone live with OpenLink's latest front-through-back- office, fully…
High time for a single GCC currency
This article published on Thursday 29 September notes that there has been a fair amount of scepticism towards the proposed Gulf single currency, and says that for the currency union to be effective, there will need to be a single independent central bank…
ECB's power over market inflation outlook queried
According to this article published on Friday 30 September, the European Central Bank may have less control over financial markets' inflation expectations than it thinks, despite its increased rhetoric about the importance of keeping them under control.
International Journal of Central Banking, Sep 05
The September 2005 issue of the International Journal of Central Banking has been published. The latest edition contains five article including 'Liquidity, risk taking, and the lender of last resort,' and 'Dollar shortages and crises'.
SF Fed's Yellen on US economy and monetary policy
In the speech 'The US economy and monetary policy' given on 27 September Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed must uphold its pledge to keep inflation subdued, suggesting US interest rates would continue to rise.
Canada's Longworth on monetary policy
In the speech 'Monetary policy: One instrument, one target' given on 29 September David Longworth of the Bank of Canada said the Canadian economy will feel only a modest impact from hurricanes Katrina and Rita, but higher oil prices will result in a…
Fed's Kohn on inflation modeling
In the speech 'Inflation modeling: A policymaker's perspective' given on 29 September Donald Kohn of the Federal Reserve said the low level of US inflation may reflect luck and structural economic change, not just good monetary policy.
Riksbank's General Council on Heikensten decision
The General Council will now together begin the work to find a successor for the position as Riksbank Governor, Chairman of the Riksbank's General Council Jan Bergqvist and Vice Chairman Johan Gernandt said in a joint statement Thursday.
Statement by Lars Heikensten on his resignation
Following his decision to resign after being nominated by the Swedish Government as the Swedish member of the European Court of Auditors, Sveriges Riksbank governor Lars Heikensten made the following statement on Thursday 29 September.
Comment: Comparing policy structures
The IMF yesterday released a working paper surveying the governance and decision-making structures of inflation-targeting central banks.
Swedish central bank governor resigns
Sveriges Riksbank governor Lars Heikensten announced Thursday 29 September he will resign after he was nominated by the government to serve on the European Court of Auditors.
Bank of Italy board supports Fazio
A majority of the Bank of Italy's governing board reaffirmed its confidence in beleaguered governor Antonio Fazio on Thursday 29 September.
Bosnia highlights banking supervision need
Bosnia and Herzegovina's Principal Deputy High representative Larry Butler highlighted the need to centralise banking supervision in BiH under the central bank on Thursday 29 September.
Japanese MOF's Hosokawa says deflation persists
Japan's Vice Finance Minister said on Thursday 29 September that the country is still experiencing deflation and the government still needs to make the utmost efforts to beat price falls.
ECB's Mersch warns on inflation effect from oil
European Central Bank council member Yves Mersch said in an interview on Wednesday 28 September that oil prices at current levels risk boosting wages and feeding inflation.
Bank of Finland cautions on optimism
The Bank of Finland predicted Wednesday that economic growth in the country will slow down this year to 1.6 percent and increase to some 4 percent in 2006.