Governance

RBA likely annoyed by political rate talk

In an interview with Dow Jones Newswires on Wednesday 13 October, Professor Stephen Bell, author of a new book "Australia's Money Madarins: The Reserve Bank and the Politics of Money" said the government's argument that interest rates would rise faster…

Eu-row continues

The row over how to spell the "euro" single currency was only partially solved this week when Lithuania (euras) and Slovenia (evro) agreed a compromise on the word but Latvia (eiro) and Hungary (euroo) said they plan to stick to their own spelling.

Nobel prize winner keen to continue his work

Finn Kydland, joint winner of the 2004 Nobel economics prize, was giving a guest lecture at the Norwegian School of Economics and Business Administration (NHH) in Bergen, western Norway when he was told the news he had won the prize.

Pensioners to sue Bank of Canada

Canadian pensioners look set to go to court in a bid to wring up to $42 million out of the Bank of Canada, Canadian Press reported. It is alleged the bank misused their pension trust fund since at least 1993.

ECB's 'gouverning council'

Who said the English language was taking over Europe? The European Central Bank's governing council met in Brussels yesterday, instead of Frankfurt. The bank always works in English but, according to the FT's observer column, the sign above ECB president…

Euro or euras?

Algirdas Brazauskas, the Lithuanian prime minister, has criticised the EU's demand that the single currency be called the euro, not the euras, as it is known in Vilnius.

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.

Euromoney award goes to Argentina's Prat-Gay

At the IMF/World Bank meetings in Washington on October 3, Euromoney will present its central bank governor of the year award for 2004 to Alfonso Prat-Gay of Argentina. Request a free trial to view this article from Euromoney's September issue.

BOK sees salaries soar

The Bank of Korea said in a report to the National Assembly that average annual salary has jumped by 46 percent in the last four years.

Bomb threat at SARB

The South African Reserve Bank's head office received a telephoned bomb threat from an anonymous caller between 12 and 12.30 on Friday 17 September, but national payment systems and market operations were not affected.

Removal of BOZ governor 'should be by tribunal'

In a written submission to Zambia's Constitution Review Commission, the governor of the Bank of Zambia Dr Caleb Fundanga said the removal of a central bank governor from office should be by a tribunal constituted by the Chief Justice.

China to appoint new securities mkt chief

China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.

Gono goes to China

The Reserve Bank of Zimbabwe's embattled governor Dr Gideon Gono is believed to be in China to finalise talks on closer ties with his counterpart, the governor of the People's Bank of China.

Argentina's Redrado to be appointed cb president

Argentine Foreign Minister Martin Redrado, a former securities regulator, will be appointed central bank president after President Nestor Kirchner decided not to renew Alfonso Prat-Gay's term, which expires next week, Cabinet Chief Alberto Fernandez said…

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