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ECB in dispute over new HQ
Local politicians said Friday that the ECB is currently in dispute with the municipal authorities of Frankfurt over the design of the central bank's new headquarters.
UK seeks stability for gold in IMF revaluation
Any revaluation of International Monetary Fund (IMF) gold reserves would have to be done in a way which would preserve gold market stability, British Chancellor of the Exchequer Gordon Brown said on Monday 4 October.
France's Noyer calls for budget discipline
Addressing officials at the annual International Monetary Fund/World Bank autumn meeting, Bank of France Governor Christian Noyer said the world economy had returned to a growth path and urged countries to tighten their public finances.
PBOC dep gov sees move on yuan
On Sunday 3 October, People's Bank of China deputy governor Li Ruogu spoke about the development on the Chinese economy, stressing the U.S. efforts for yuan convertibility.
Iraq cb chief says debt relief needed to tap oil
Iraq's central bank chief said on Sunday 3 October that the country cannot fully exploit its huge oil reserves without "huge" debt relief.
BOJ to maintain easy money policy, Fukui says
Bank of Japan Governor Toshihiko Fukui told G7 finance ministers and central bankers that Japan's potential economic growth is increasing and the bank will keep easing monetary policy to overcome deflation.
Greenspan: The man who does the opposite
This article looks at what it says is the recurring pattern in Alan Greenspan's life of saying the opposite of what he is thinking/doing. Giving the example of his obscure but now famous essay, "Gold and Economic Freedom" published in 1966 it asks why he…
RBNZ's Bollard on supervising foreign-owned banks
In a speech on 'Being a responsible host: Supervising foreign-owned banks' given on 2 October, Alan Bollard of the RBNZ outlined the particular challenges increasingly facing countries with banking systems dominated by foreign banks. He also discussed…
Communique' of the Ministers and Governors of G10
The Finance Ministers and Central Bank Governors of the countries of the Group of Ten met in Washington, D.C. on 3 October. John Snow, Secretary of the Treasury of the United States and current Chairman of the Group of Ten, presided.
Rising tide of computer crime
UK banks have lost £4.5m to internet fraud in the last year. The majority of this fraud is thought to be carried out by organized criminal gangs in Eastern Europe. CentralBankNet reports on this growing phenomenon.
Riksbank issues coins to mark Palace anniversary
The Sveriges Riksbank is issuing two commemorative coins on the occasion of the 250th anniversary of the Royal Palace in Stockholm; a 200-krona coin in silver and a 2,000-krona coin in gold.
Russia plans reduced for-ex intervention
A top bank official said Thursday the Bank of Russia hopes new monetary instruments will allow it to scale down its regular foreign exchange market interventions.
New York Fed and BOE plan to publish for-ex data
The New York Fed and a committee involving the Bank of England are preparing to publish global foreign-exchange market data on a regular basis, according to the Wall Street Journal Friday.
Indonesia acquits former central bank chief
Indonesia's top court has reportedly acquitted the former governor of thecountry's central bank, Bank Indonesia, on all charges relating to a multi million dollar scandal.
Central bankers get scores in global report
Taiwan's central bank governor Perng Fai-nan's performance isgraded "B" this year, up from last year's "C," according to a report byGlobal Finance magazine scheduled to be released Friday 1 October.
Socialists deny move to allow removal of Jarai
The governing Hungarian Socialist Party (MSZP) categorically denied a report Wednesday by the daily Magyar Nemzet that the party is preparing legal modifications that would allow the removal of Zsigmond Jarai, governor of central bank MNB.
Jusko to step down as head of NBS in December
Marian Jusko, the governor of the National Bank of Slovakia (NBS), has announced that he will leave his post in December of this year, and not July 2005, as originally expected, according to the CTK news agency.
Fukui, Greenspan discuss Japan, US economies
Toshihiko Fukui of the Bank of Japan and Federal Reserve chairman Alan Greenspan discussed the global economy on Thursday 30 September, as well as the economic situations of the US and Japan, Kyodo News reported a BOJ source as saying.
Bulgaria plans 2009 euro introduction
Governor of the National Bank of Bulgaria Ivan Iskrov has announced that the BNB is ready to print euro banknotes and coins.
BOE's Bell: Spending revisions meet expectations
Bank of England Monetary Policy Committee member Marian Bell said a decision by the statistics office to revise down figures for consumer spending in the second quarter matched the Bank's own expectations.
Minutes show Fed banks favoured hike by August
All of the 12 Federal Reserve regional banks had expressed support for raising short-term interest rates in August, minutes of the Fed's discount rate meetings released on Thursday 30 September showed.
China agrees 'steady' move on exchange rate
The US won a commitment from China at the G7 meeting in Washington on Friday that it would move 'firmly and steadily' to a flexible, market-based currency.
Death of Vanhala, former governor of Finnish cb
Matti Vanhala, former governor of the Bank of Finland, died on Wednesday 29 September from cancer, the bank said in a statement. He was 58.
Bank of Canada Working Paper on Taylor Rules
In this Working Paper from the Bank of Canada the authors compute welfare-maximizing Taylor rules in a dynamic general-equilibrium model of a small open economy. They find that the welfare gains from moving to the optimal Taylor rule are larger than…