News
Gramlich: US needs foreign help on fiscal deficit
Federal Reserve Governor Edward Gramlich said on Monday 10 January that stronger foreign demand is needed to help correct the huge fiscal imbalances in the United States without disrupting global growth.
SBP's Husain against hasty rate increases
Ishrat Husain, the governor of the State Bank of Pakistan, said on Tuesday 11 January in an interview that the SBP will be wary of hasty interest rate hikes for fear of hampering economic growth.
Eurogroup chief Juncker calls for closer ECB ties
Luxembourg Prime Minister Jean-Claude Juncker on Monday 10 January urged the Eurogroup of 12 eurozone finance ministers to improve its internal coordination and to develop a closer dialogue with the European Central Bank.
Seminar stresses need for Qatar's Q-pay project
Hashim Al Sada, Director of System Development and Planning at Qatar central bank on Monday 10 January stressed the importance of the Q-Pay project which would enable online payments through the Internet.
Europe's central banks start to reduce staff
The number of central bankers in the eurosystem stands at 52,321, a fall of 7% since the launch of the euro in 1999, reveals the 2005 edition of Central Banking Publications' Central Bank Directory. This is 4,129 fewer staff than the peak of 56,450 in…
Federal Reserve Bank transfers to US Treasury 2004
The Federal Reserve Board on Friday 7 January released figures that indicate the Federal Reserve Banks distributed approximately $18.086 billion of their $23.541 billion total income to the U.S. Treasury during 2004.
Bank of Japan Minutes, 17 &18 Nov 2004
The Bank of Japan's minutes from its 17 and 18 November 2004 Monetary Policy meeting revealed that members concurred that Japan's economy continued to recover as a whole, although the increase in exports and production seemed to be coming to a pause…
Report says ECB's losses increased last year
The European Central Bank, which posted a 2003 loss of 477 million euros (US $625 million), saw its net loss increase to at least one billion euros last year as a result of the weak dollar, according to the German Handelsblatt business daily.
IMF chief calls on US to resolve deficit
The U.S. budget deficit is "truly excessive" and the world's largest economy must resolve the problems linked to the imbalance, the head of the International Monetary Fund said in remarks published on Sunday 9 January .
Central bank credibility vital, says ECB's Issing
Speaking to the annual meeting of the Allied Social Science Associations, European Central Bank's chief economist Otmar Issing said interest-rate policy can only control inflation in the "medium to longer term," and that consistent policy was needed to…
Dollar statement important say G10 central bankers
Central bankers from the Group of 10 countries said on Monday 10 January that they are "confident" about global growth this year and welcomed comments by Treasury Secretary John Snow to support the dollar.
BCEAO selects infrastructure management platform
The central bank of West African States (BCEAO) announced Monday it would implement HighStreet Networks Xpress(TM) to monitor and control their complete computing infrastructure.
Interview with CBBH's Peter Nicholl
After almost seven years, the mandate of the Governor of the Central Bank of Bosnia and Herzegovina Peter Nicholl ended on 31 December 2004. In this interview Nicholl discusses the role of the CBBH and its development in the future, and offers advice to…
Philadelphia Fed names Assistant Vice President
The Federal Reserve Bank of Philadelphia has announced the promotion of Michael Doyle to assistant vice president in the Bank's Information Technology Services Department.
Philadelphia Fed names Executive Vice President
The Federal Reserve Bank of Philadelphia has also promoted Blake Prichard, its senior vice president in charge of retail payments, to the position of executive vice president.
World Bank president announces intention to retire
World Bank President Jim Wolfensohn sent a message to Yahya Alyahya, Dean of the Board of Executive Directors, on Monday 3 January. In the message he said he does not wish to be considered for a third term and intends to retire at the end of May 2005…
Dallas Fed appoints new president
Richard W. Fisher will become President of the Federal Reserve Bank of Dallas effective from 4 April. Mr Fisher will succeed Robert McTeer, Jr., who resigned on 4 November to become chancellor of the Texas A&M University System.
OECD Secretary-General to step down in 2006
The Secretary-General of the Organisation for Economic Co-operation and Development, the Honourable Donald J. Johnston, has advised the Member countries that he will step down from office in May 2006, having first been elected to the post in 1996.
Hong Kong's latest foreign currency reserves
The Hong Kong Monetary Authority (HKMA) announced on Friday 7 January that the official foreign currency reserve assets of Hong Kong amounted to US$123.6 billion at the end of December 2004, up from US$121.5 billion at end-November 2004.
Statement by IMF's Rato at ASEAN Leaders' Meeting
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued the following statement on Thursday 6 January at the high-level meeting on humanitarian relief for countries affected by the Asia tsunami disaster in Jakarta, Indonesia.
PMA chief steps down
The governor of the Palestine Monetary Authority, Amin Haddad, resigned on Wednesday 5 January , according to a Palestinian minister who was quoted in local press reports.
CBC's Perng denies being top candidate for premier
Central Bank of China (CBC) Governor Perng Fai-nan has denied rumours that he is likely to be named by Taiwan's President Chen Shui-bian as the next premier.
Central Bank of China name-change plan
Taiwan's Premier Yu Shyi-kun has said that the government will continue to push a proposal to change the names of state-owned enterprises, including the Central Bank of China, to include the word "Taiwan."
Nepal urged to speed up central bank appointment
A committee of three economists set up to suggest suitable candidates as the new governor of the Nepal Rastra Bank, the central bank, has urged the government to act on its recommendations. Disagreement within the government has meant no decision has yet…