News
Fed's Pianalto relaxed on US inflation
Cleveland Federal Reserve President Sandra Pianalto said on Monday 21 February that US inflationary pressures remain muted despite a surge in January wholesale prices.
Bundesbank report optimistic on economy
The Bundesbank expressed cautious optimism on the outlook for German growth this year in its February report released on Monday 21 February, despite the surprise contraction in gross domestic product in the final quarter of 2004.
ECB's Wellink: Inflation expectations 'contained'
European Central Bank council member Nout Wellink said in an interview that inflation is under control and does not pose a threat to the eurozone economy.
UAE central bank, Isle of Man sign cooperation MOU
The UAE central bank signed a memorandum of understanding with the Isle of Man Financial Supervision Commission (IOMFSC) on Monday 21 February.
UK, China plan cooperation on global economy
Britain and China agreed on Monday 21 February to work together to address the macroeconomic and structural challenges of the global economy.
Interview with ECB's Papademos
In an interview published this week European Central Bank Vice-President Lucas Papademos told Handelsblatt that whenever possible, central banks should try to prevent the evolution of asset price bubbles. "In principle, prevention is better than cure."
Duisenberg to mediate in Dexia investors dispute
Wim Duisenberg, the European Central Bank's former president, has been appointed to mediate in a long-running dispute between Franco-Belgian bank Dexia, and Dutch investors who are suing it for allegedly mis-selling investment products.
Interview with ECB's Noyer
In an interview published on Wednesday 16 February, ECB governing council member and governor of the Bank of France Christian Noyer said there was no evidence of price pressures in the euro area that would warrant an immediate shift in monetary policy.
Trichet's passion for the French language
Asked in a recent interview if he prefers the language of Shakespeare to that of Moliere, Jean-Claude Trichet, President of the European Central Bank, said that over ten years ago he founded the Club of French-speaking central bankers whose members…
Interview with ECB's Padoa-Schioppa
Speaking in an interview published on Thursday 17 February, Tommaso Padoa-Schioppa of the ECB said channels of communication with Asia, and with China in particular, are open and the ECB itself has close bilateral ties with the Chinese monetary…
Philippines appoints new central bank governor
President Gloria Arroyo announced on Monday 14 February the appointment of 52-year-old deputy governor Amando Tetangco as the new chief of the Philippines central bank, BSP. Tetangco joined the central bank in 1974.
Federal Reserve announces website improvements
The Federal Reserve Board on Thursday 17 February announced improvements to its website to make the statistical releases and historical data easier to use.
First day of Bank of Italy strike
A strike organised by Bank of Italy trade unions on Thursday 17 February saw over 77% of workers taking part, according to AGI. Another day of action is scheduled for next Thursday, 24 February.
Italy's Bini Smaghi to join ECB board
Lorenzo Bini Smaghi, 48, the head of the Italian Finance Ministry's international department looks set to replace a fellow Italian on the board of the European Central Bank after a unanimous decision on Thursday 17 February.
Profile of T&T's new deputy governor
Joan John became deputy governor, Operations, at the Central Bank of Trinidad and Tobago for a period of five years starting 1 February. She recently led the implementation of the Real Time Gross Settlement System and the Government Securities Settlement…
T&T promotes second woman to senior position
The Central Bank of Trinidad and Tobago announced on Wednesday 16 February the appointment of the second woman in two weeks to a leadership position. Wendy Ho Sing assumed her new posting as Deputy Inspector of Financial Institutions.
Mankiw resigns from CEA, clears way for Bernanke
Gregory Mankiw has resigned as chairman of President Bush's Council of Economic Advisers. Federal Reserve Governor Ben Bernanke is a top contender to replace him, an administration official was quoted as saying.
First Vice President of EBRD resigns
The First Vice President of the European Bank for Reconstruction and Development, Norin Doyle, announced on Thursday 17 February that she will not seek a second term when her current mandate expires in August.
OECD says global recovery gathering speed
Global economic growth is poised to gain momentum, the Organization for Economic Cooperation and Development has said.
PBOC's Wu: China needs to ease lending controls
China needs to move towards easing strict controls over private lending, legalizing the business in order to mitigate lending risk for banks, the China Business News reported, citing a senior official from the People's Bank of China.
Italy's Fazio says bank sector not protectionist
Bank of Italy governor Antonio Fazio has told the European Commission that the Italian banking sector is not protectionist, the Financial Times reported.
Park calls for China rethink on peg
Korean central bank governor, Park Seung added his voice to the chorus calling on China to rethink the yuan's peg to the dollar in an interview with Central Banking journal.
Indonesia, Malaysia launch joint ATM network
Against the setting of an increasing number of Indonesian workers, tourists and students in Malaysia, the two nations have launched a joint Automatic Teller Machine (ATM) network, Xinhua reports.
New General Manager at Banco de la Republica
Dr Jose Dario Uribe Escobar has been designated by the Board of Directors as new General Manager of the Banco de la Republica, Colombia.