Central Banks
Former Dallas Fed head sees two further rate hikes
The Federal Reserve will hike rates by two more quarter-point moves and then stop, according to Robert McTeer, the former president of the Federal Reserve Bank of Dallas.
EU's Almunia says euro to 'stay forever'
EU Economic and Monetary Affairs Commissioner Joaquin Almunia has downplayed concerns over the viability of European Monetary Union, saying that no member is likely to abandon the body.
Bush says replacing Greenspan will be hard
US president Bush said in an interview on Wednesday 8 June that finding a replacement for Federal Reserve chairman Alan Greenspan is going to be a tough job.
Sao Tome names central banker new prime minister
The president of Sao Tome, a tiny African archipelago, named the head of the country's central bank as the new prime minister late on Tuesday 7 June.
Fed-speak a snafu for new Dallas Fed chief
This article looks at what can happen when Federal Reserve officials stray beyond what is known as "Fed-speak". Recent comments by Dallas Fed chief Richard Fisher that the Fed was "clearly in the eighth inning" of a long run of interest rate hikes, with …
New members of BSP's Monetary Board named
President Gloria Macapagal-Arroyo of the Philippines has announced the appointment of three new members to the Monetary Board, the policy-making body of the central bank.
Brigita Schmognerova named EBRD Vice President
Brigita Schmognerova, a former minister in the Slovak Republic and senior figure at the UN, has been appointed the new EBRD Vice President, Human Resources & Administration.
Origins of modern central bank policy
The latest issue of the Dallas Fed's Economic Insights magazine profiles Irving Fisher. He was one of America's most celebrated economists during the first quarter of the 20th century and a pioneer in many theoretical and technical areas of economics…
Has Greenspan changed views on bubble management?
This article asks whether Fed chief Alan Greenspan has changed his view that bubble management is strictly an ex-post job for a central banker? With cumulating signs of a bubble in the housing market, the Fed is dipping into its tool chest for some moral…
Issing on the Lisbon process - a view from the ECB
In the speech 'The Lisbon process - a view from the ECB' given on 9 June Otmar Issing of the ECB said concerns that ECB monetary policy may not be suitable for all euro zone countries are misplaced.
Chicago Fed's Moskow on promoting economic growth
In a speech given on 9 June Michael Moskow of the Federal Reserve Bank of Chicago said the United States can encourage economic growth by ensuring fair access to credit for small businesses owned by women and minorities.
Sweden's Heikensten on the IMF
In the speech 'The IMF - Mandate, means and governance in a changing world' given on 8 June Lars Heikensten of the Sveriges Riksbank said the IMF's overall objective is still valid and its instruments for reaching this objective - surveillance, lending…
Former Buba president takes job at Russian bank
The former head of Germany's Bundesbank, Ernst Welteke, who resigned in April last year after criticism for accepting a free hotel stay from a commercial bank, has been appointed independent board member at a bank in southern Russia, Russian media…
Top China economist calls for move on yuan
A top Chinese economist has said the country should make a modest revaluation of the yuan in an attempt to reduce some of the speculation over Beijing's intentions on the currency.
Russia to prevent sharp ruble growth this year
Russia's central bank head Sergei Ignatyev has said the bank will try to prevent sharp ruble growth this year.
Snow urges China move to flexible yuan
US Treasury Secretary John Snow said in an interview on Thursday 9 June that he is urging China to move to a more flexible yuan and would like to see more flexible exchange rates across Asia.
Tanigaki says China to benefit from currency move
Japanese Finance Minister Sadakazu Tanigaki told reporters on Friday 10 June that his recommendation was that the Chinese government scrap the yuan's dollar peg system.
Kenneth Rogoff appointed new adviser to Riksbank
Sweden's Riksbank appointed Professor Kenneth Rogoff of Harvard University as adviser to the Riksbank's Executive Board on Thursday 9 June.