News
Philadelphia Fed names bank supervision advisor
The Federal Reserve Bank of Philadelphia has named H. Robert Tillman special advisor to the Supervision, Regulation and Credit Department.
Richmond Fed appoints deputy general counsel
The Federal Reserve Bank of Richmond announced on Wednesday 14 December that Patricia A. Lacey Nunley would be appointed to the position of deputy general counsel, with responsibility for the Legal department, effective from 1 Jan.
Macfarlane defends RBA appointments
Reserve Bank of Australia governor Ian Macfarlane has defended the process used to appoint the central bank's board members following the resignation of Robert Gerard.
CBG to get two new deputy governors
Churchill Baldeh, the Majority Leader of the National Assembly, told the Daily Observer that two new deputy governors will be appointed for the Central Bank of The Gambia.
Nigeria's Soludo - Central banker of the year
The governor of the Central Bank of Nigeria (CBN), Charles Soludo, has been named the African and Global Central Bank Governor of the Year 2005 by 'The Banker' magazine.
Philadelphia Fed President to leave next year
Anthony Santomero, president of the Federal Reserve Bank of Philadelphia, announced on Friday 16 December that he will leave his position as president effective 31 March.
ECB's Issing says inflation hazardous
European Central Bank chief economist Otmar Issing wrote in the Financial Times on Thursday that low interest rates risk pushing up inflation, which could damage price and economic stability.
Argentina plans full IMF debt repayment
Argentina has said it will pay back its entire $9.8 billion debt to the International Monetary Fund, ending 22-year-old links with the lender.
Fazio resignation rumours described as 'nonsense'
Rumours that Bank of Italy governor Antonio Fazio was set to resign this weekend following news that he is being investigated for alleged insider trading were described by the central bank on Friday 16 December as 'nonsense'.
BoJ's Fukui says watching yen move closely
The central bank will be keeping a close eye on yen movements in the wake of current volatility, Bank of Japan governor Toshihiko Fukui told a news conference in Tokyo on Friday 16 December.
Trichet: Fazio may have infringed ECB rules
Bank of Italy governor Antonio Fazio would have infringed the European Central Bank's code of conduct if press information of improper links with Banca Popolare Italiana CEO Gianpiero Fiorani proved founded, ECB president Jean-Claude Trichet said on…
Bell calls Bank of England forecasts 'ambitious'
Former Bank of England Monetary Policy Committee member Marian Bell said in an interview that the central bank's forecasts for economic growth are "ambitious" and that if she was still on the MPC she would consider cutting rates.
LDP calls on BOJ to set nominal growth target
Japan's ruling Liberal Democratic Party said on Thursday 15 December that it wants the Bank of Japan to set a target for nominal economic growth in accordance with the government.
Trichet: ECB must act before inflation develops
European Central Bank president Jean-Claude Trichet said in an interview the ECB must not wait for inflation to develop before taking action against it.
UK's Brown to meet Bernanke on Friday
British Chancellor Gordon Brown will meet the new designated future chairman of the U.S. Federal Reserve, Ben Bernanke, in Washington on Friday 16 December.
Fazio may face ECB probe
The European Central Bank may decide at its council meeting Thursday 15 December to open a formal inquiry into Bank of Italy governor Antonio Fazio's links with former Banca Popolare Italiana CEO Gianpiero Fiorani, said Corriere della Sera in an…
Brazil announces intention to repay IMF debt
Brazil announced on Tuesday 13 December its intention to make an early repayment of its entire outstanding obligations to the International Monetary Fund amounting to SDR 10.79 billion (about US$15.46 billion).
Fed raises rates, tweaks statement
The Federal Open Market Committee decided on Tuesday 13 December to raise its target for the federal funds rate by 25 basis points to 4-1/4 percent. In its statement the FOMC removed the term 'policy accommondation' but suggested rates could rise further…
Central bankers are not magicians says BoE's King
Bank of England governor Mervyn King said in an interview with a Swedish newspaper published on Wednesday 14 December that central bankers cannot do magic tricks and politicians shouldn't make comments about the monetary policy of independent central…
Germany against gold sale to fill budget holes
Conservatives in German Chancellor Angela Merkel's ruling coalition remain opposed to using central bank gold reserves to fill budget holes, a senior lawmaker was quoted as saying on Wednesday 14 December.
Fazio confident despite banker arrest
Bank of Italy Governor Antonio Fazio said he did not break the law, after Gianpiero Fiorani was arrested for suspected embezzlement, but a leading newspaper on Wednesday 14 December called on Fazio to quit.
St Lucia to introduce single financial regulator
A Single Regulatory Unit (SRU) involving all parties in the financial sector is currently being introduced in St Lucia. The SRU should come into effect during the last quarter of 2006.
Russia changes gold reserves publication rules
In January 2006 details of Russia's gold reserves will be published on the basis of gold evaluations according to quotes by the Central Bank of Russia, the bank's external and public relations department said.
ECB introduces cartoon kit
Jean-Claude Trichet, President of the European Central Bank, launched a new information kit entitled "Price stability: why is it important for you?" on Monday 12 December.