News
Indra Nooyi elected to NY Fed Board of Directors
Indra Nooyi, president and chief financial officer of PepsiCo, Inc., was elected to the board of directors of the Federal Reserve Bank of New York on Thursday 23 March.
Mullei 'must vacate office' - attorney-general
Kenya's Attorney-General, Amos Wako, was quoted in a report by Kenyan Capital FM radio as saying that central bank governor Dr Andrew Mullei must vacate office pending the outcome of a case he is facing before the anti-corruption court for abuse of…
Estonia sees 'unlikely' January move to euro
The Bank of Estonia has concurred with economic forecasts by the Ministry of Finance that suggest higher than expected inflation will hamper Estonia's plans to join the euro zone in 2007.
Dollar risk not 'worrisome' says Bernanke
Federal Reserve chairman Ben Bernanke said in a 21 March letter that a possible decline in the dollar because of less foreign investment wouldn't have a "worrisome" effect on the U.S. economy.
Trichet praises ECB's courage on rates
European Central Bank president Jean-Claude Trichet said the ECB's "courageous" decision to maintain a low level of interest rates in recent years has meant a more marked slowdown in eurozone growth has been prevented and helped economic recovery.
Parliament to probe Poland's central bank
The Polish parliament voted on Friday 24 March to establish a panel to investigate decisions by the National Bank of Poland on foreign takeovers in the financial sector since communism fell.
BoJ's Nakahara warns of deflation return
A Bank of Japan policy board member warned on Thursday 23 March that the BoJ is unlikely to need to tighten credit soon and should instead watch for renewed deflation.
Bank of England's Lambert to leave MPC
Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.
Bank of Canada announces assignment for deputy
On behalf of the Board of Directors of the Bank of Canada, Governor David Dodge announced on Wednesday 22 March that Deputy Governor Sheryl Kennedy will be undertaking a short-term assignment as Senior Adviser to The Bank of Nova Scotia.
Leading Sepa expert joins Voca from ECB
Voca, the provider of payment services to banks and corporates, announced on Wednesday 22 March that it has appointed Erik Mansson as Director of European Business Development.
New BOK governor named
President Roh Moo-hyun on Thursday 23 March appointed Lee Seong-tae, deputy governor of the Bank of Korea (BOK), as the new governor, his office Cheong Wa Dae announced.
New Fed governors sworn in
Kevin M. Warsh and Randall S. Kroszner were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday 23 March in the atrium of the Board's main building in Washington.
Philadelphia Fed's Stone to attend FOMC meeting
The Philadelphia Federal Reserve Bank's second in command will participate in the US central bank's policy meeting next week, stepping in for retiring President Anthony Santomero, a spokeswoman said on Wednesday 22 March.
CBK governor charged with abuse of office
Central Bank of Kenya governor Dr Andrew Mullei was charged with four counts of abuse of office on Thursday 23 March.
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.
Bank of England voted 8-1 to hold rates
Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released…
Fazio could face extra charges - report
According to a report by Il Sole 24 Ore, Milan prosecutors have gathered together enough evidence to charge the former governor of Banca d'Italia, Antonio Fazio, with market-rigging.
Park Seung says BOK needs more independence
Outgoing Bank of Korea governor Park Seung said on Tuesday 21 March the central bank has gained a greater level of independence during his reign but more still needs to be done.
Argentine central bank to increase oversight
Argentina's central bank intends to step up oversight over foreign exchange trading, according to a report.
Canada may lower inflation target
David Dodge, governor of the Bank of Canada, said Tuesday 21 March that it could be time to lower the BoC's two percent inflation target.
Fed's Spillenkothen to retire
Rich Spillenkothen, the director of the Division of Banking Supervision and Regulation, will retire on June 30 after thirty years of service with the Federal Reserve Board, including nearly fifteen years as the director of the division.
IMF managing director to travel to Mexico
Rodrigo de Rato, Managing Director of the International Monetary Fund, will travel to Mexico, March 22-25, to participate in a meeting of the Capital Markets Consultative Group (CMCG) in Mexico City.
BoJ's Mizuno sees rate rise 'any time'
Bank of Japan policy board member Atsushi Mizuno said in a speech on Monday 20 March that he expects an increase in interest rates from around zero pct at "any time."
RBI appoints committee on rupee float
In consultation with the Government of India, the Reserve Bank of India on Monday 20 March appointed a committee to set out the framework for fuller Capital Account Convertibility.