Central Banks
Greenspan gets the nod for new Fed term
President Bush finally renominated Alan Greenspan to another term as Federal Reserve chairman this week. Greenspan expressed his honour at the renomination. If he holds the chair until June 2006, Greenspan will be the longest-serving chairman in the Fed…
MAS chairman's dual role to stay
Singapore's Second Finance Minister Lim Hng Kiang said this week that there is no immediate need to change the status quo for Deputy Prime Minister and Finance Minister Lee Hsien Loong's concurrent role as the Monetary Authority of Singapore's chairman.
Names forwarded for Macedonian central bank chief
Former finance ministers Petar Gosev and Taki Fiti were named by local media on Wednesday 19 May as the most likely candidates to head Macedonia's central bank.
Former RBI governor to lead India
Manmohan Singh, a former governor of the Reserve Bank of India, is set to become India's next prime minister after Sonia Gandhi's decision to turn down the job. Mr Singh was in charge of the RBI from September 82 to January 85.
Israel: Central bank workers storm meeting
Bank of Israel employees held a protest meeting this week during working hours and later disrupted a management meeting, which had to be cancelled, according to a report by Haaretz.
Greenspan on acceptance of the Eisenhower Medal
In a speech on 'Acceptance of the Eisenhower Medal for Leadership and Service' given on 20 May, Alan Greenspan of the Federal Reserve said fears that the 2001 terrorist attacks could halt the growth of international commerce have proven groundless as the…
Fed's Bernanke on gradualism
In a speech on 'Gradualism' given on 20 May, Ben Bernanke of the Federal Reserve said the Fed should be able to push short-term interest rates up at a gradual pace, but the speed of expected rate hikes will be dictated by economic events.
Fed's Gramlich on workplace financial education
In a speech on 'Workplace Financial Education' given on 20 May, Ed Gramlich of the Federal Reserve said a financially smart worker is often a better worker.
Deal may be close in Welteke probe
The Frankfurter Allgemeine Zeitung reported on Friday 21 May that a deal may be close whereby German prosecutors drop the case against former Deutsche Bundesbank President Ernst Welteke in exchange for the payment of a fine.
US inflation a concern for McTeer
A recent rise in U.S. inflation has raised some concerns but Federal Reserve officials are not unduly worried, Dallas Federal Reserve Bank President Robert McTeer said on Thursday 20 May.
SNB's Roth: Euro's positive global influence
Swiss National Bank (SNB) governing board chairman Jean-Pierre Roth said that the euro has had a "positive global influence", including on Switzerland, since its introduction in 1999.
BoJ and govt agree to watch interest rates
Top government and central bank officials agreed in a meeting on Friday 21 May that they should carefully watch interest rates, Bank of Japan Deputy Governor Toshiro Muto said.
Iraq's central bank plan goes beyond basics
This article says that what's remarkable about the financial architecture for Iraq is the scope and detail the coalition brought to the task of establishing an independent central bank. In March, the CPA published the Central Bank of Iraq Law, which, it…
IMF may raise growth forecast for Japan
The International Monetary Fund said on Friday 21 May that it is likely to raise its forecast for Japan's economic growth from its current estimate of 3.4 percent for this year when it issues its next global economic outlook.
Central bank holdings of US debt at new high
Foreign central banks increased their holdings of U.S. debt in the last week, the Federal Reserve reported on Thursday 20 May, taking their total holdings to yet another record.
PBOC's Zhou calls on banks to avoid loans bubble
People's Bank of China Governor Zhou Xiaochuan said Friday banks should increase their provisioning for bad loans, while he criticized their failure to use a wider range for lending rates to properly weight risk.
African central bank governors meet in Uganda
At least 100 African ministers of finance and central bank governors were expected in Uganda Friday 21 May to discuss the obstacles to the continent's participation in global trade.
Belgium's Quaden on an evolving financial system
In a speech on 'Efficiency and stability in an evolving financial system' given on 17 May, Guy Quaden of the National Bank of Belgium said it is important that the closer interaction between the academic and regulator's worlds which is one of the new…
Deutsche Bundesbank Monthly Report, April 2004
The Deutsche Bundesbank has published the English version of its April 2004 monthly report. the German economy has continued its moderate upturn which began in the summer of 2003. According to the Bundesbank's calculations, real gross domestic product …