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BoJ's Fukui says board split 7-2 on target cut
Bank of Japan governor Toshihiko Fukui said on Friday 20 May that the BoJ's policy board vote was spilt 7-2 on maintaining the liquidity target at 30-35 trln yen. "Two members thought the target ought to be lowered," Fukui told a press conference.
BoE's Large on a framework for financial stability
In a speech on 'A framework for financial stability' given on 18 May, Andrew Large of the Bank of England cautioned that new entrants such as hedge funds and insurers have become active in derivatives at a time when the depth of the market is still…
Fed's Kohn on modeling inflation
In a speech on 'Modeling inflation: A policymaker's perspective' given on 20 May, Donald Kohn of the Federal Reserve called for improvements in inflation modeling, saying an increase in core US inflation in 2004 and 2005 caught him and many other…
Bank of Canada issues upgraded $10 bank note
The Bank of Canada put into circulation an upgraded $10 bank note with enhanced security features on Wednesday 18 May.
New book covers history of the BIS
A new book, covering the history of the Bank for International Settlements (BIS) from 1930 to 1973, was published on Tuesday 17 May.
Mervyn King and the invisible hand
Bank of England governor Mervyn King delivered a speech this week in which he revealed his "Maradona theory of interest rates" based on the Argentine legend's second goal against England in the 1986 World Cup quarter-final.
Brazil's Meirelles faces fraud probe
Brazil's Supreme Court has authorised a criminal investigation against Henrique Meirelles, the country's central bank chief, over alleged tax fraud and misdemeanours against the financial system.
US revokes visa for ex-Nicaraguan cen bank chief
US authorities have revoked the visa of the former head of Nicaragua's central bank for reputed acts of corruption, the Associated Press reported officials saying.
Paraguay's central bank chief approved by Senate
Fifty-three years after its creation, the Central Bank of Paraguay (BCP) is to be chaired by a woman, when the Senate awarded the position to Monica Lujan Perez dos Santos.
Fed's Gramlich resigns to pursue teaching
Edward Gramlich submitted his resignation Wednesday 18 May as a member of the Board of Governors of the Federal Reserve System, effective 31 August. Gramlich is resigning to pursue several teaching and research interests.
Greenspan could stay on longer at Fed
The US administration of George W. Bush is considering whether to encourage Federal Reserve Chairman Alan Greenspan to stay for at least a few months beyond the 31 Jan expiration of his term, the Washington Post reported this week.
Interview with RBI's Reddy
In an interview published on Wednesday 18 May Reserve Bank of India Governor Yaga Venugopal Reddy said any revaluation of the Chinese yuan will have less of an impact on India than other Asian countries.
Euroclear appoints John Trundle MD
Euroclear SA/NV announced on Thursday 19 May that John Trundle will become Managing Director and head of Risk Management for the Euroclear group, effective 6 June.
Senior appointments at Bank of Canada
Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins, on behalf of the Board of Directors, announced a number of new appointments to the senior management team on Tuesday 17 May.
Bank of Canada to reallocate responsibilities
Bank of Canada Governor David Dodge and Senior Deputy Governor Paul Jenkins announced a reallocation of responsibilities among several Deputy Governors on Tuesday 17 May.
BoE's Tucker reappointed to MPC
Paul Tucker, Executive Director for Markets at the Bank of England, has been reappointed for a further three-year term as a member of the Monetary Policy Committee with effect from 1 June 2005.
International Journal of Central Banking launched
The first issue of the International Journal of Central Banking (IJCB) was published on Thursday 19 May.
Fed's Greenspan on government-sponsored enterprise
In the speech 'Government-sponsored enterprises' given on 19 May Alan Greenspan of the Federal Reserve levelled criticisms at the two mortgage giants Fannie Mae and Freddie Mac.
Hong Kong loosens its dollar's 22-year peg
Hong Kong Monetary Authority chief Joseph Yam said on Thursday 19 May that a decision to loosen the Hong Kong dollar's 22-year peg to the US dollar won't encourage banks to raise interest rates sharply and hurt businesses.
Malaysia to maintain currency peg
Malaysia will maintain its seven-year-old currency peg to the US dollar and has no plans to impose measures to curb the flow of speculative funds into the economy, Deputy Prime Minister Najib Razak said on Thursday 19 May.
South Korea to continue currency intervention
South Korea's minister of finance and economy on Thursday 19 May denied a news report that the government has decided not to intervene in currency markets.
Turkey, Kyrgyzstan agree to cooperate
The Turkish Banking Regulation and Supervision Agency (BRSA) signed an agreement with the Central Bank of Kyrgyzstan, the agency said on Wednesday 18 May.
China rejects calls for currency change
Chinese officials have rejected both Washington's demand that China loosen its fixed exchange rate policy and Europe's threat of quotas on a tide of Chinese textiles.
IMF's Krueger on the future of Turkey's economy
In the speech 'Turkey's economy: A future full of promise' given on 5 May Anne Krueger of the IMF said the need for structural reform is never-ending in the modern global economy and this is true here in Turkey as elsewhere.