Central Banks
Norges Bank Inflation Report, October 2003
Norway's central bank, Norges Bank, has published its latest Inflation Report for October 2003. The report contains a review of developments in the Norwegian economy and other factors that influence the inflation outlook.
Chicago Fed's Moskow on U.S. Economic Outlook
In the speech 'U.S. Economic Outlook' given on 3 November Michael Moskow of the Federal Reserve Bank of Chicago said the most recent recession proved the adage that there is no such thing as a "typical recession." Despite some periods of slowing, light…
Restructuring of the ECB's IT function
The European Central Bank has provided further datails on the restructuring of its information technology function, 5 November 2003.
Gono accepts appointment as RBZ Governor
Gideon Gono has been appointed governor of the Reserve Bank of Zimbabwe with effect from 1 December, The Harare Herald reported. Gono, a prominent banker, was appointed by President Mugabe and follows last weeks announcement of a planned restructure and…
Bangladesh Bank appoints 3 directors
Three new governors have been appointed to the board of directors of Bangladesh Bank, the New Nation reported. The appointments have been made with "immediate effect" the report said.
Australia's interest rates rise 0.25%
The Reserve Bank of Australia increased interest rates to 5 percent on Wednesday. It was the first time the RBA changed the official cash rate since June 2002, The Age said.
US Treasury's Snow denies weak-dollar policy
US Treasury Secretary John Snow has rejected speculation that Washington is pursuing a weak dollar policy, according to the Japan Times, by encouraging other countries to adopt flexible exchange rate policies.
PBoC approves 4 bank representative offices
The People's Bank of China's vice-governor Liu Tinghuan has said the central bank has approved the applications of four mainland banks to set up representative offices in Taiwan, Xinhua News reported.
SAMA: Saudi economy must pursue reforms
The governor of the Saudi Arabian Monetary Agency has warned that the country should develop mechanisms to reduce public debt, MENAFN said, which is estimated at more than $173 billion.
Bonello gets another term
Michael Bonello has been re-appointed for a five year term as Governor of the Central Bank of Malta, the Bank said on Friday. Bonello studied languages and economics at the University of Malta and was a senior official at the United Nations Conference on…
Student threatens to blow up central bank
A Hungarian student has threatened to blow up the National Bank of Hungary, the Courier Mail reported. The threats also included crashing a plane into the parliament building. The unnamed student said the threats were a 'joke' when arrested.
'Lucky' people are those who knew Milton Friedman
Alan Greenspan spoke at last weeks Dallas Fed conference honouring Milton Friedman. The Fed Chairman spoke of 91 year old Friedman and his wife, as Reuters reported it, saying: "If I believed in luck, I would argue that the most lucky people are those of…
Brash reaches National Party summit
Just 15 months after leaving the Reserve Bank of New Zealand, ex-governor Don Brash has just been appointed head of the NZ opposition. Bill English got the boot in a secret ballot after two failed election attempts to oust Helen Clark's Labour Party from…
Chaos as staff go on rampage in Bangladesh
Bangladesh Bank (BB) was in chaos last week after angry staff confronted Governor Fakhruddin Ahmed. The central bank chief was confined to his office for an hour, The Daily Star reported, before employees forcibly entered the governor's office to voice…
PNG central bank goes public on deputy's departure
After a 20 year career with the Bank of Papua New Guinea, Deputy Governor Flora Carruthers suddenly left the bank earlier this month a report has said. After much speculation on the sudden departure, central bank Governor Wilson Kamit took the bold step…
Interview with Sultan Nasser al-Suwaidi of the UAE
Here we present extracts from an interview with Sultan Nasser al-Suwaidi, governor of the Central Bank of the United Arab Emirates. Educated in the United States as an economist, he is highly regarded among global financial figures. The following…
Backstrom moves to life-insurance role
Former governor of the Sveriges Riksbank, Urban Backstrom, has been appointed president and chief executive officer of Skandia Liv. Backstrom said he would work to restore policyholders confidence and takes a fixed salary of 3.3 million kronor in the…