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Zimbabwe's Gono on unorthodox challenges
In an interview published on Thursday March 10, Reserve Bank of Zimbabwe Governor Dr Gideon Gono said the country is going through a turnaround that demands unorthodox ways of dealing with unorthodox challenges. The job is not one of making friends with…
Philippines' Tetangco on the future of the peso
In an interview published this week, Bangko Sentral ng Pilipinas Deputy Governor Amando Tetangco said looking at the fundamentals and technical signs, the peso is poised for further appreciation. Tetangco was recently named as the replacement for…
NY Fed's Economic Policy Review prize article
The Editorial Board of the New York Fed's Economic Policy Review has announced the first winner of the Frederic S. Mishkin Prize for Outstanding Paper: "Treasury inflation-indexed debt: A review of the U.S. experience," by Brian Sack and Robert Elsasser.
ECB's Trichet on European financial integration
In a speech on 'European financial integration: the view of the ECB' given on 10 March, Jean-Claude Trichet of the ECB said the ECB attaches the utmost importance to progress in European financial integration.
Fed's Greenspan on globalization
In a speech on 'Globalization' given on 10 March, Alan Greenspan of the Federal Reserve said that future budget deficits pose a bigger risk to the economy than record trade imbalances and the country's extremely low savings rate.
Fed's Bernanke on the global saving glut
In a speech on 'The global saving glut and the U.S. current account deficit' given on 10 March, Ben Bernanke of the Federal Reserve said a global savings glut has pushed up the U.S. current account gap and pushed down long-term interest rates.
Richmond Fed names new Director of Research
John A. Weinberg was named director of research and senior vice president of the Federal Reserve Bank of Richmond on Thursday 10 March.
Former central banker named Portugal's fin min
Portugal's Prime Minister-elect Jose Socrates named Luis Campos e Cunha, a former central bank deputy governor to the post of finance minister this week.
Rock star Bono could be World Bank president
The latest rumour on the World Bank job has U2 rock star Bono lined up for the role. US Treasury Secretary John Snow described him this week as a kind of "rock star of the development world".
South Korean finance minister resigns
South Korea's finance minister resigned on Monday 7 March over media allegations about his involvement in lucrative real estate deals.
China fires PBOC official for gambling
The People's Bank of China has sacked the head of a local branch in northeast China's Jilin province for gambling, China News Service reported, without citing sources.
Phil Fed's Santomero on post-Greenspan era
In an interview published this week, Anthony Santomero of the Philadelphia Fed told Handelsblatt he does not fear any trouble in the financial markets when Alan Greenspan leaves office at the beginning of 2006. "It is understandable that the markets ask …
BIS appoints Gunter Pleines to head Banking Dep't
The Board of Directors of the Bank for International Settlements announced the appointment of Gunter Pleines as Head of its Banking Department on Monday 7 March. His appointment takes effect on 1 April 2005 and is for a five-year term.
Zhou Xiaochuan appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements announced on Monday 7 March that Zhou Xiaochuan, Governor of The People's Bank of China, will become Chairman of the BIS Asian Consultative Council (ACC).
Fed's Moskow says rates have room to rise
Chicago Fed President Michael Moskow said on Wednesday the Federal Reserve can continue raising interest rates at a measured pace, but with less slack in the U.S. economy, it must be vigilant on inflation.
RBI plans to restructure divisions
According to a report on Thursday 10 March the Reserve Bank of India is restructuring itself in order to streamline operations. Banking sources were quoted as saying the RBI is in the process of moving divisions into separate units.
Garganas calls for sharp fall in deficit and debt
Bank of Greece Governor Nicholas Garganas told a parliamentary committee on Wednesday 9 March that Greece's economy does not face a crisis, but the government must try to lower budget deficits and public debt even sooner than mandated by the European…
Koizumi: Japan must consider diversifying reserves
Japanese Prime Minister Junichiro Koizumi said on Thursday 11 March that his country "in general" needs to consider diversifying its foreign currency reserves, the world's largest.
RBNZ Monetary Policy Statement, March 2005
The Reserve Bank of New Zealand increased interest rates by 25 basis points to 6.75 per cent on Thursday 10 March. Speaking at the release of the March 2005 Monetary Policy Statement, RBNZ Governor Alan Bollard said with the economy remaining very strong…
Federal Reserve Board - Beige Book, March 2005
The Federal Reserve published its March 2005 Beige Book survey on Wednesday 9 March. The report said steady consumer spending and continued factory output boosted the US economy in February.
ECB Monthly Bulletin, March 2005
The European Central Bank published its March 2005 Monthly Bulletin on Thursday 10 March, saying that recent weakness in euro zone economic growth is likely to prove short-lived.
Asian central banks' dilemma
Diversification away from dollar denominated foreign exchange reserves is a natural reaction for Asian central banks, this article says. But because of the size of their holdings, any sudden move to sell a substantial part of these holdings could cause a…
T and T's Williams on the state of the economy
In a speech on 'The state of the Trinidad and Tobago economy' given on 21 February, Ewart Williams of the Central Bank of Trinidad and Tobago said the economy is strong and the economic prospects are excellent. However, the economy faces several…
Stability pact talks in deadlock
Jean-Claude Juncker, the Luxembourg chairman of talks on reform of the EU's budget rules, has warned that a deal might not be possible.