Central Banks
BIS to hold 75th anniversary exhibition
The Bank for International Settlements (BIS) announced on Tuesday 25 January that, as part of its 75th anniversary celebrations, it would hold an exhibition at its headquarters in Basel, Switzerland for two weeks this year.
Japan, Thailand agree bilateral swap arrangement
The Bank of Japan, acting as the agent of the Minister of Finance of Japan, and the Bank of Thailand agreed to reach the second bilateral swap arrangement under the Chiang Mai Initiative of the ASEAN+3 Finance Ministers' Process, the Bank of Japan said…
Atlanta's Guynn: cbs adding euros for 6 months
Foreign central banks have been adjusting their reserves to add euros for the past six months and the process has so far been "very smooth," Atlanta Fed president, Jack Guynn said in a speech.
BOJ deputy says deflation end may be delayed
Deputy Bank of Japan Governor Toshiro Muto has indicated in an interview that the Japanese economy may move out of deflation later than the central bank has forecasted.
Bank of Japan Minutes, 16 & 17 Dec 2004
The Bank of Japan's minutes from its 16 and 17 December Monetary Policy meeting revealed that board members see four negative side-effects of the BoJ's current super-loose credit policy.
Sweden's Bergstrom: Investment v capital export
In a speech given on 18 January, Sveriges Riksbank Deputy Governor Villy Bergstrom said in the long-term, the current declining trend in capital formation in Sweden could threaten the upturn in productivity that has been witnessed, and thereby also…
Euro area balance of payments
In introductory remarks to a press briefing at the launch of a new set of statistics on the geograhical breakdown of the euro area balance of payments and international investment position on Friday 21 January, ECB Executive Board member Jose Manuel…
NY Fed's Geithner at the NAF's 2004 Dinner
In a speech at the National Academy Foundation's 2004 Dinner given on 8 December, Timothy Geithner of the Federal Reserve Bank of New York said that improving educational achievement, access to educational opportunity, and the level of public…
Trichet: Stability and growth pact needs improving
European Central Bank president Jean-Claude Trichet said that some aspects of the European Union's Stability and Growth Pact need to be improved.
Inquiry into Central Bank of Iraq's missing $300m
US authorities are investigating why $US300 million in American bills was taken out of Iraq's Central Bank this month and flown to Lebanon, the American ambassador to Iraq said.
Schroeder sees stability pact agreement in March
German Chancellor Gerhard Schroeder and EU Council President Jean-Claude Juncker met Friday and expressed optimism that an agreement could be reached soon on reform of the stability and growth pact.
BoE's Barker on housing market and wider economy
In a speech on 'The housing market and the wider economy' given on 24 January, Kate Barker of the Bank of England said UK house prices are likely to continue falling, though the effect on consumer spending won't be as big as in the past.
Da Afghanistan Bank appoints first deputy governor
At the proposal of the governor of Da Afghanistan Bank, the central bank, and following the approval by the president Hamed Karzai, Sameollah Ebrahimi has been appointed first deputy governor of the central bank, the BBC Monitoring Service reported…
New directors for Chicago Fed
Two new members of the Federal Reserve Bank of Chicago's board of directors were announced on 10 January, as well as one new member of the bank's Detroit Branch board. In addition, the chairmen of both boards and the Seventh District representative to…
New website speculates on World Bank top job
A new website dedicated to airing speculation on who will succeed James Wolfensohn as the next president of the World Bank is offering the rumours and gossip on who is in the running to take the job.
Venezuela's Chavez nominates Parra as BCV chief
Venezuelan President Hugo Chavez Frias has proposed economist Gaston Parra as his choice for the presidency of the Venezuelan Central Bank (BCV).
Interview with Bank of Finland's Liikanen
In an interview published on Thursday 20 January, the Governor of the Bank of Finland, Erkki Liikanen, strongly defended the Stability and Growth Pact of the European Union. He expressed concern that financial discipline and budgetary restraint in the…
Fischer approved as Bank of Israel governor
Israel's state appointments committee approved the nomination of renowned American economist Stanley Fischer late on Tuesday 18 January as chief of Israel's central bank.