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First Vice President of EBRD resigns
The First Vice President of the European Bank for Reconstruction and Development, Norin Doyle, announced on Thursday 17 February that she will not seek a second term when her current mandate expires in August.
Canada's Dodge: Monetary policy & exchange rates
In a speech on 'Monetary policy and exchange rate movements' given on 17 February, David Dodge of the Bank of Canada said that in conducting monetary policy, the Bank analyses movements in the Canadian dollar in the context of economic and financial data…
Bank of Canada Review, Winter 2004
The Bank of Canada published its Review for Winter 2004 on 17 February. The Review contains four articles including "The Bank of Canada as Lender of Last Resort". The authors review the policy framework that guides the Bank's lender-of-last-resort…
RBA's Macfarlane on prospects for the economy
In a speech given on 18 February Ian Macfarlane of the Reserve Bank of Australia said looking ahead, we forecast gradual rises in underlying inflation, with it reaching 2.5 per cent by end 2005 and 3 per cent by end 2006.
Fundanga on relations with the Embassy of France
In a speech on 'Relations between the Embassy of France and the Bank of Zambia' given on 18 January Dr Caleb M Fundanga of the Bank of Zambia said for some time now, our two institutions have been collaborating closely on the details of this MoU to…
Mankiw resigns from CEA, clears way for Bernanke
Gregory Mankiw has resigned as chairman of President Bush's Council of Economic Advisers. Federal Reserve Governor Ben Bernanke is a top contender to replace him, an administration official was quoted as saying.
T&T promotes second woman to senior position
The Central Bank of Trinidad and Tobago announced on Wednesday 16 February the appointment of the second woman in two weeks to a leadership position. Wendy Ho Sing assumed her new posting as Deputy Inspector of Financial Institutions.
Profile of T&T's new deputy governor
Joan John became deputy governor, Operations, at the Central Bank of Trinidad and Tobago for a period of five years starting 1 February. She recently led the implementation of the Real Time Gross Settlement System and the Government Securities Settlement…
Italy's Bini Smaghi to join ECB board
Lorenzo Bini Smaghi, 48, the head of the Italian Finance Ministry's international department looks set to replace a fellow Italian on the board of the European Central Bank after a unanimous decision on Thursday 17 February.
First day of Bank of Italy strike
A strike organised by Bank of Italy trade unions on Thursday 17 February saw over 77% of workers taking part, according to AGI. Another day of action is scheduled for next Thursday, 24 February.
Federal Reserve announces website improvements
The Federal Reserve Board on Thursday 17 February announced improvements to its website to make the statistical releases and historical data easier to use.
Philippines appoints new central bank governor
President Gloria Arroyo announced on Monday 14 February the appointment of 52-year-old deputy governor Amando Tetangco as the new chief of the Philippines central bank, BSP. Tetangco joined the central bank in 1974.
Interview with ECB's Padoa-Schioppa
Speaking in an interview published on Thursday 17 February, Tommaso Padoa-Schioppa of the ECB said channels of communication with Asia, and with China in particular, are open and the ECB itself has close bilateral ties with the Chinese monetary…
Trichet's passion for the French language
Asked in a recent interview if he prefers the language of Shakespeare to that of Moliere, Jean-Claude Trichet, President of the European Central Bank, said that over ten years ago he founded the Club of French-speaking central bankers whose members…
Interview with ECB's Noyer
In an interview published on Wednesday 16 February, ECB governing council member and governor of the Bank of France Christian Noyer said there was no evidence of price pressures in the euro area that would warrant an immediate shift in monetary policy.
Duisenberg to mediate in Dexia investors dispute
Wim Duisenberg, the European Central Bank's former president, has been appointed to mediate in a long-running dispute between Franco-Belgian bank Dexia, and Dutch investors who are suing it for allegedly mis-selling investment products.
Interview with ECB's Papademos
In an interview published this week European Central Bank Vice-President Lucas Papademos told Handelsblatt that whenever possible, central banks should try to prevent the evolution of asset price bubbles. "In principle, prevention is better than cure."
Brazil's Cavalcanti against central bank autonomy
Severino Cavalcanti, the new president of Brazil's lower house, has said he opposes a plan make the central bank autonomous from the government.
Vietnam extends electronic payment infrastructure
Vietnam's central bank officially granted credit card giant Visa International a licence to set up a representative office in the country on Wednesday 16 February.
BOJ's Fukui confident of meeting liquidity target
Bank of Japan Governor Toshihiko Fukui on Thursday 17 February expressed complete confidence in the central bank's ability to keep meeting its liquidity target, and ruled out increasing the amount of Japanese government bonds (JGBs) purchased monthly…
Forex reserves top US$200bn in South Korea
South Korea's foreign exchange reserves passed the US$200-billion mark for the first time, says a report from the Bank of Korea released on Thursday 17 February.
China to restrict use of RMB image on internet
Anyone who wants to use images of Chinese currency (RMB) on the internet will have to get approval from the People's Bank of China, or otherwise will face fines of up to 30,000 yuan (3,627 US dollars), a draft regulation said.
IMF's Krueger: How stable is the global economy?
In the speech 'How stable is the global economy?' given on 11 February, Anne Krueger of the International Monetary Fund said economic policy makers around the world should act now to slow inflation and improve the flexibility and resiliency of the global…
HKMA's Chan on developing Hong Kong's debt market
In a speech at the cocktail reception of HKCMA Forum 2005 given on 26 January, Norman Chan of the Hong Kong Monetary Authority said that over the years the HKMA has been working closely with the Hong Kong Capital Markets Association in developing the…