Monetary Policy
Dollar statement important say G10 central bankers
Central bankers from the Group of 10 countries said on Monday 10 January that they are "confident" about global growth this year and welcomed comments by Treasury Secretary John Snow to support the dollar.
Interview with CBBH's Peter Nicholl
After almost seven years, the mandate of the Governor of the Central Bank of Bosnia and Herzegovina Peter Nicholl ended on 31 December 2004. In this interview Nicholl discusses the role of the CBBH and its development in the future, and offers advice to…
Philadelphia Fed names Assistant Vice President
The Federal Reserve Bank of Philadelphia has announced the promotion of Michael Doyle to assistant vice president in the Bank's Information Technology Services Department.
Philadelphia Fed names Executive Vice President
The Federal Reserve Bank of Philadelphia has also promoted Blake Prichard, its senior vice president in charge of retail payments, to the position of executive vice president.
World Bank president announces intention to retire
World Bank President Jim Wolfensohn sent a message to Yahya Alyahya, Dean of the Board of Executive Directors, on Monday 3 January. In the message he said he does not wish to be considered for a third term and intends to retire at the end of May 2005…
Dallas Fed appoints new president
Richard W. Fisher will become President of the Federal Reserve Bank of Dallas effective from 4 April. Mr Fisher will succeed Robert McTeer, Jr., who resigned on 4 November to become chancellor of the Texas A&M University System.
OECD Secretary-General to step down in 2006
The Secretary-General of the Organisation for Economic Co-operation and Development, the Honourable Donald J. Johnston, has advised the Member countries that he will step down from office in May 2006, having first been elected to the post in 1996.
Statement by IMF's Rato at ASEAN Leaders' Meeting
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued the following statement on Thursday 6 January at the high-level meeting on humanitarian relief for countries affected by the Asia tsunami disaster in Jakarta, Indonesia.
PMA chief steps down
The governor of the Palestine Monetary Authority, Amin Haddad, resigned on Wednesday 5 January , according to a Palestinian minister who was quoted in local press reports.
CBC's Perng denies being top candidate for premier
Central Bank of China (CBC) Governor Perng Fai-nan has denied rumours that he is likely to be named by Taiwan's President Chen Shui-bian as the next premier.
Central Bank of China name-change plan
Taiwan's Premier Yu Shyi-kun has said that the government will continue to push a proposal to change the names of state-owned enterprises, including the Central Bank of China, to include the word "Taiwan."
Nepal urged to speed up central bank appointment
A committee of three economists set up to suggest suitable candidates as the new governor of the Nepal Rastra Bank, the central bank, has urged the government to act on its recommendations. Disagreement within the government has meant no decision has yet…
Way cleared for Yushchenko
Ukraine's Supreme Court cleared the way on Thursday 6 January for former central bank governor Viktor Yushchenko to be inaugurated as president next week when it rejected an appeal against Mr Yushchenko's victory in the presidential election.
Fukui: A tale of two cities for a central banker
In the speech 'A tale of two cities in the eyes of a central banker' given on 6 January, Toshihiko Fukui of the Bank of Japan said the BOJ has a "very firm" commitment to the market and to the general public to maintain the policy of expanding Japan's…
Bernanke: Transition from academic to policymaker
In the speech 'The transition from academic to policymaker' given on 7 January, Ben Bernanke of the Federal Reserve reflects on his two and a half years as an academic turned policymaker. Since moving to Washington Bernanke said he noticed that people…
Kansas Fed's Hoenig says US rates accommodative
Kansas City Federal Reserve President Thomas Hoenig said on Thursday 6 January that US interest rates remain "fairly accommodative" and are likely to help stimulate economic growth of between 3.5 and 4 percent.
More work needed on deflation, says Tanigaki
Japan's Finance Minister Sadakazu Tanigaki told a press conference on Friday 7 January that more effort is needed to stop Japan's falling consumer prices and pledged to continue cooperating with the Bank of Japan to end deflation.
Profit probably near to zero says Bundesbank
The Bundesbank said its profit was probably close to zero last year following the dollar's fall to a record low against the euro cutting the value of the central banks dollar denominated assets.
Statement by IMF's Rato ahead of Jakarta meeting
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued the following statement on Wednesday 5 January after arriving in Jakarta, Indonesia, for a high-level meeting on humanitarian relief for countries affected by the Asia…
IMF on interest-rate liberalization in China
A recently published article by two members of the IMF's China Division looks at the recent decision by the People's Bank of China to raise interest rates for the first time in nine years. The liberalization of rates is a landmark change, it says, and…
The transition to inflation targeting in Romania
In the near future, Romania will introduce inflation targeting and fully liberalize its capital account. This recently published IMF Working Paper analyses how these two profound changes will affect the ability of monetary policy to pursue its objective…
Fed's Kohn on crisis management
In a speech on 'Crisis management: The known, the unknown, and the unknowable' given on 6 January, Donald Kohn of the Federal Reserve said although some critics have argued that the FOMC's policy adjustments in response to financial instability encourage…
Rushed Fed minutes could use a good rewrite man
The Federal Reserve's decision to publish the minutes of its FOMC meetings with a three-week instead of a six-week lag seems to have sacrificed clarity for speed, according to this article. The thought processes reflected in the minutes come across as…
IMF calls on Vietnam to ease currency peg
The International Monetary Fund forecast on Wednesday 6 January that Vietnam's economy should grow by 7 percent in 2005, and urged authorities to "move cautiously" to ease the nearly fixed dong-dollar exchange rate.