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Albania's Fullani on monetary policy challenges
In a speech on 'Monetary policy challenges in the framework of approximating the Bank of Albania to the European Central Bank' given on 8 December, Ardian Fullani of the Bank of Albania said much importance will be given to the institutional development…
BMA gets new governor after reshuffle
The king of Bahrain, Sheikh Hamad bin Isa Al Khalifa, made a ministerial reshuffle this week which saw Bahrain Monetary Agency Governor Shaikh Ahmed bin Mohammed Al Khalifa, named Finance Minister on Saturday 15 January.
Yushchenko's swearing in set for 23 Jan
Viktor Yushchenko, former governor of the National Bank of Ukraine, will be sworn in as Ukraine's president on Sunday 23 January, ending a two-month standoff over disputed election results.
Hungary's Monetary Council elects deputy chairman
The National Bank of Hungary (MNB) has elected Henrik Auth as deputy chairman of its Monetary Council in order to conform with the changes to the Central Bank Act passed in December 2004.
Fed's Consumer Advisory Council appointments 2005
The Federal Reserve Board on Friday 7 January named eleven new members to its Consumer Advisory Council for three-year terms and designated a new Chair and Vice Chair of the Council for 2005.
Interview with vice governor, Central Bank of Iran
In a recent interview Mohammed Jafar Mojarrad, vice-governor of Bank Markazi, Iran's central bank, spoke about the latest developments in the economy and the financial sector. He said there are two main challenges currently facing Iran: unemployment and…
Fischer approved as Bank of Israel governor
Israel's state appointments committee approved the nomination of renowned American economist Stanley Fischer late on Tuesday 18 January as chief of Israel's central bank.
Interview with Bank of Finland's Liikanen
In an interview published on Thursday 20 January, the Governor of the Bank of Finland, Erkki Liikanen, strongly defended the Stability and Growth Pact of the European Union. He expressed concern that financial discipline and budgetary restraint in the…
Venezuela's Chavez nominates Parra as BCV chief
Venezuelan President Hugo Chavez Frias has proposed economist Gaston Parra as his choice for the presidency of the Venezuelan Central Bank (BCV).
New website speculates on World Bank top job
A new website dedicated to airing speculation on who will succeed James Wolfensohn as the next president of the World Bank is offering the rumours and gossip on who is in the running to take the job.
New directors for Chicago Fed
Two new members of the Federal Reserve Bank of Chicago's board of directors were announced on 10 January, as well as one new member of the bank's Detroit Branch board. In addition, the chairmen of both boards and the Seventh District representative to…
Da Afghanistan Bank appoints first deputy governor
At the proposal of the governor of Da Afghanistan Bank, the central bank, and following the approval by the president Hamed Karzai, Sameollah Ebrahimi has been appointed first deputy governor of the central bank, the BBC Monitoring Service reported…
Luxembourg's Juncker says ECB wrong on pact
Luxembourg finance minister Jean-Claude Juncker, speaking as the euro group's president for the next two years, said the European Central Bank is wrong to say that reforming the EU's fiscal rules would harm the euro.
Bank of Canada to upgrade $10 bank note
As part of its ongoing efforts to improve the security of Canadian bank notes, the Bank of Canada announced on Thursday 20 January that it will issue a $10 note with upgraded security features beginning 18 May 2005.
Finland's Liikanen on cb finance, exchange rates
In a speech on 'External financing condition, the exchange rate and policy tradeoffs for central banks' given on 26 November Erkki Liikanen of the Bank of Finland said in emerging economies with relatively large financial markets and large capital…
Federal Reserve Board - Beige Book, January 2005
The Federal Reserve published its January 2005 Beige Book survey on Wednesday 19 January. The report said U.S. economic activity continued to pick up in most of the country in late November through early January, but Cleveland, in the manufacturing…
ECB Monthly Bulletin, January 2005
The European Central Bank published its January 2005 Monthly Bulletin on Thursday saying Asian central banks' build-up of currency reserves may prove costly for the economies concerned and could hinder the correction of global current account imbalances.
Santomero on the economic outlook for the US
In a speech on 'Economic outlook for the U.S. and Greater Philadelphia area' given on 18 January, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economy is in a "sustained expansion" with inflation under control, which should…
PBOC, modelled on Fed, bows to politics
When China's top policy makers set out to streamline the country's 57-year-old central bank system six years ago, they chose the U.S. Federal Reserve as a model, this article says. But while the People's Bank may be gaining clout as China's economy grows…
OECD sees high yen as a risk for Japan recovery
The OECD said in a report on the Japanese economy published on Thursday 20 January that the sharp appreciation of the yen poses a big risk to Japan's already sluggish economic recovery, and that the Bank of Japan should remain focused on ending deflation.
President calls for BI supervisory board
Indonesia's President Susilo Bambang Yudhoyono has demanded the immediate setting up of a Bank Indonesia (BI) supervisory board as required under the new central bank law, according to Finance Minister Jusuf Anwar.
Cleveland's Pianalto says rates must rise further
Sandra Pianalto, the president of the Federal Reserve Bank of Cleveland said in a speech that the Federal Reserve must be "prudent" and continue to raise short-term interest rates until central bankers are more certain that monetary policy is no longer…