Central Banks
Zhou says nearly time for interest rate reform
Time is nearly right for market-oriented interest rate reforms and China's banks should learn to set their own interest rates, Xinhua news agency quoted People's Bank of China governor Zhou Xiaochuan as saying.
ECB's Noyer says euro not pressuring markets
Christian Noyer, governor of the Bank of France and member of the ECB's governing council, said at an international conference on Monday 21 March that the euro is not exerting any pressure on global financial markets in spite of its growing influence and…
Stiglitz warns on World Bank violence
Joseph Stiglitz, the former chief economist of the World Bank, has launched an attack on US plans to appoint Paul Wolfowitz as the World Bank's new president. He suggested the appointment could lead to violent protests.
Venezuela's Chavez calls for law on reserves
Venezuelan President Hugo Chavez has called for new legislation to limit the amount of foreign reserves that can be held by the central bank.
ECB 'seriously concerned' over stability pact
The European Central Bank expressed serious concern on Monday about proposed reforms to the European Union Stability and Growth Pact that were announced over the weekend.
Interview with ECB's Trichet
In an interview published on Wednesday 16 March, European Central Bank president Jean-Claude Trichet said the bank continues to see moderate economic growth in the eurozone during 2005, despite recent signs of "greater dynamism" in investments and…
Interview with Bundesbank's Weber
Speaking in an interview on Wednesday 16 March, Bundesbank president Axel Weber said with higher incomes resulting from an increase in 2006 German employment, there should be better consumption and thus a recovery in the domestic economy.
Elections to the Board of Directors, Denmark
The five-year terms of three of the 25 members of the Board of Directors expire on 31 March 2005. At a meeting on 15 March the Board of Directors re-elected Helle Bechgaard, Director, Niels Fog, Merchant, and Kirsten Stallknecht, Former President of the…
New head of statistics at Danmarks Nationalbank
As of 1 August, Jens Dalsgaard, Deputy Head of Statistics, will take over the position as Head of Statistics at Danmarks Nationalbank.
Sleepy Hollow's central bank
This article published on Monday 14 March looks at the situation surrounding the appointment of Stanley Fischer as governor of the Bank of Israel. There is contradictory information in Jerusalem on when exactly Fischer will arrive in Israel, it says, and…
Democracy in inaction at the World Bank
This article by Joseph Stiglitz asks why the search for James Wolfensohn's successor at the World Bank should be limited to an American loyal to a particular political party? According to the Nobel laureate, the entire process of choosing its leaders is…
Greenspan shields Fed's political independence
During Alan Greenspan's 17 1/2 years as Fed chairman, he has toiled endlessly - and largely successfully - to shield the US central bank from assaults on its independence, whether from Congress or the White House, this article says.
Canada's Longworth on mon policy, economic outlook
In a speech on 'Monetary policy and the economic outlook' given on 17 March, David Longworth of the Bank of Canada said the Bank will slacken the pace of interest-rate increases as a strong currency slows economic growth by reducing exports and boosting…
Philadelphia Fed Business Outlook Survey, Mar 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2005, activity in the region's manufacturing sector continues to expand, but at a slower rate than in February.
Wolfowitz nominated to head World Bank
George W. Bush nominated one of the administration's top hawks, Paul Wolfowitz, as the next President of the World Bank this week, in a move that drew criticism from various quarters.
PBOC says Guo Shuqing still bank vice governor
The People's Bank of China has said Guo Shuqing is still a vice governor at the central bank, following his recent appointment as the Communist Party secretary of China Construction Bank.