Central Banks
NY Fed hopes to name new chief in coming weeks
The head of the committee to find a successor for the New York Fed's retiring President William McDonough said the Bank hopes to make an announcement in the next few weeks, according to a Reuters report.
Central bank governor says Turkey doing well
The governor of Turkey's central bank said on Wednesday 30 April that political tensions should not be allowed to influence the economy, according to aMSNBC report.
Snow outlines US Iraq help with new central bank
US Treasury Secretary John Snow said on Wednesday 30 April that priorities in Iraq will include restoring the Finance Ministry and central bank and establishing a sound national currency, according to Associated Press.
Fed held conference calls on economy during war
An early draft of Alan Greenspan's testimony to the House of Representatives Financial Services Committee which was apparently released in error, revealed that the FOMC held regular conference calls during the Iraq war to monitor the US economy,…
Venezuela's Maza blasts delay in selling dollars
Central Bank of Venezuela director Domingo Maza said before a press conference that a lack of imports is hurting the country's economy with restrictions on the availability of dollars for overseas supplies, Bloomberg reports.
Interview with Bank of England's Sir Andrew Large
In an interview with the Financial Times, Bank of England deputy governor for Financial Stability Sir Andrew Large raised speculation that the Bank's MPC might reduce interest rates at its meeting next week after flagging up concerns about the weakness…
Bank of England to appoint five new Court members
The Court of the Bank of England is currently interviewing candidates for five non-executive places, notes the Guardian, which describes it as a "shadowy organisation".
Papademos presents the ECB's Annual Report
In his presentation of the ECB's Annual Report 2002 to the Committee on Economic and Monetary Affairs of the European Parliament Lucas Papademos said one of the main messages of 2002 has been that the euro area economy needs to become more flexible and…
Dodge statement to Canada's Finance Committee
In his opening statement to the House of Commons Finance Committee David Dodge of the Bank of Canada said we expect that economic growth in the second quarter will be somewhat weaker than we projected in the Monetary Policy Report because of the impact…
IMF's Rogoff to return to Harvard
Economic Counsellor Kenneth Rogoff notified IMF Management of his intention to return to Harvard University in the Autumn, 29 April.
European Central Bank - Annual Report 2002
The European Central Bank has published its Annual Report for the year ended 2002. The report suggested Greece, France and Italy are not expected to reduce their deficits sufficiently by the end of this year, providing a warning to those countries to…
Uganda c bank declared 'least corrupt' institution
The Bank of Uganda, the country's central bank, has been declared the most honest and least corrupt institution in Uganda in a report from the Inspector General of Government, according to a report in The Monitor
Norges Bank reduces interest rates
Norway's central bank cut its main interest rate by 0.50 percentage points on Wednesday 30 April, saying that the balance of probability suggested inflation would be lower than the 2.5 target in two years time.
Sheibani appointed new CBI governor: report
The newspaper Hamshahri reported on Wednesday 30 April that Ebrahim Sheibani has been appointed the new governor of the Central Bank of Iran. A previous leading contender for the post, Massoud Nili, was said to have withdrawn his candidacy to concentrate…
Bank of Japan eases monetary policy
In a surprise move the Bank of Japan eased monetary policy sharply on Wednesday30 April, reports the Financial times. . In a statement the BoJ said the move was seen as appropriate in light of current "uncertainty regarding the economic and financial…
New York Fed steps up hunt for president
The search for a replacement at the New York Fed for William McDonough steps up this week with candidates for the post expected to be interviewed. according to the Financial Times. Two prominent candidates for the job include a Mr Fischer and a Mr Fisher.
Welteke confirms support for stability pact
Looking back over the lifetime of the euro, Ernst Welteke, the president of the Deutsche Bundesbank, said in a speech on Wednesday that the ECB had achieved its aim of price stability in the face of strong and in some cases unprecedented economic shocks…
Credit information laws aid consumers-Greenspan
Speaking to the US Congress on Wednesday 30 April, Alan Greenspan said having credit information flowing freely benefits borrowers by reducing uncertainty and pushing interest rates lower than they would otherwise be, according to Reuters.
IMF's Rogoff to leave Fund, return to Harvard
The International Monetary Fund announced Tuesday that Ken Rogoff, its chief economist, would be leaving the Fund in the autumn to return to academia, accoding to Reuters.
Bank of England to withdraw Dickens £10 note
The Bank of England on Tuesday april 29 announced that it is to withdraw from circulation the older style £10 notes featuring a portrait of Charles Dickens.
Hamalainen on challenges for retail banking
In a speech on 'EU accession - challenges for retail banking' Sirkka Hamalainen of the ECB said the ECB has assessed the payments infrastructure in the acceding countries and found it sufficiently robust to ensure that it will not generate systemic risks…
Ferguson on Basel II and risk management
In a speech on 'Basel II: A Case Study in Risk Management' Roger Ferguson of the Federal Reserve said the proposed revision of the international capital accord is basically about improving risk management in banking. It is a regulatory framework that…
First five years of the ECB
Commenting on the fifth annual report of the ECB presented to the Committee on Economic and Monetary Affairs by ECB vice-president Lucas Papademos, Committee Chair Christa RANDZIO-PLATH (PES/Germany) said that the ECB and European Monetary Policy both…
Tumpel-Gugerell new ECB Board Member
Committee on Economic and Monetary Affairs gives ll clear for Gertrude Tumpel-Gugerell as new ECB Board Member, 29 April.