News
US payment system working well says Fed's Stern
The US payments system appears to be working well and there is no need for the Fed to significantly alter its role, Minneapolis Federal Reserve President Gary Stern said on Thursday 29 September.
Sir John Gieve's Biography
John Gieve has been Permanent Secretary of the Home Office since April 2001. It is one of the biggest and most complex departments in government which is responsible for expenditure of some £20 billion a year and employs more than 70,000 people.
Fazio, humiliated, still fails to take the hint
The Economist magazine gave its opinion on the Fazio Affair in this article published on Monday 26 September. Mr Fazio's behaviour has wrecked the reputation of the central bank, hitherto one of the country's few internationally respected institutions,…
Greenspan farewell party set for December
Finance ministers and central bank presidents from the G7 nations have ensured Alan Greenspan's departure will not go unnoticed with a special session scheduled for December in London as a farewell party.
Former Bank of Japan executive director dies
Toshihiko Yoshino, a former Bank of Japan executive director and a noted economic critic, died of pneumonia at a Tokyo hospital on 12 August, the Asahi Shimbun and Nihon Keizai Shimbun newspapers reported this week. He was 90.
Fazio becomes butt of Tremonti's jokes
Antonio Fazio became the butt of jokes from new economy minister Giulio Tremonti recently, when he poked fun at Fazio and imitated his voice.
Statement by Lars Heikensten on his resignation
Following his decision to resign after being nominated by the Swedish Government as the Swedish member of the European Court of Auditors, Sveriges Riksbank governor Lars Heikensten made the following statement on Thursday 29 September.
Riksbank's General Council on Heikensten decision
The General Council will now together begin the work to find a successor for the position as Riksbank Governor, Chairman of the Riksbank's General Council Jan Bergqvist and Vice Chairman Johan Gernandt said in a joint statement Thursday.
Banco de Mexico goes live with new software
OpenLink, a provider of trading and risk management software solutions, announced on Friday 30 September that Banco de Mexico, the second largest central bank in the Americas, has gone live with OpenLink's latest front-through-back- office, fully…
Santomero sees bounce back in US economy
Post-hurricane rebuilding will help the U.S. economy bounce back in 2006, Philadelphia Federal Reserve President Anthony Santomero said in comments published on Friday 30 September.
IMF's Deppler sees eurozone recovery on horizon
A top IMF official said on Friday 30 September that the potential economic growth rate for the eurozone should rise above 2% in the next few years, but high oil prices could delay the recovery.
ECB view on Bank of Italy reform in next fortnight
The European Central Bank will give its view on the proposed reform of the Bank of Italy in the next fortnight, ECB vice-president Lucas Papademos said Friday 30 September.
Report says China's reserves still rising fast
China's foreign exchange reserves continued to rise in August, a newspaper reported on Friday 30 September, suggesting further upward pressure on the yuan.
Prosecutors probe Fazio for 'abuse of office'
Antonio Fazio, governor of the Bank of Italy, was secretly placed under investigation in early August, prosecutors in Rome disclosed on Thursday 29 September.
Zeti wins Central Banker of the Year award
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been awarded the title of Central Banker of 2005 by Euromoney, the international publisher.
BoE's Lambert warns on disappointing GDP
Bank of England Monetary Policy Committee member Richard Lambert warned in a newspaper interview on Thursday 29 September that UK GDP growth is likely to fall short of the central bank's best estimate and that consumer spending remains weak.
Bank of Finland cautions on optimism
The Bank of Finland predicted Wednesday that economic growth in the country will slow down this year to 1.6 percent and increase to some 4 percent in 2006.
ECB's Mersch warns on inflation effect from oil
European Central Bank council member Yves Mersch said in an interview on Wednesday 28 September that oil prices at current levels risk boosting wages and feeding inflation.
Japanese MOF's Hosokawa says deflation persists
Japan's Vice Finance Minister said on Thursday 29 September that the country is still experiencing deflation and the government still needs to make the utmost efforts to beat price falls.
Bosnia highlights banking supervision need
Bosnia and Herzegovina's Principal Deputy High representative Larry Butler highlighted the need to centralise banking supervision in BiH under the central bank on Thursday 29 September.
Bank of Italy board supports Fazio
A majority of the Bank of Italy's governing board reaffirmed its confidence in beleaguered governor Antonio Fazio on Thursday 29 September.
Swedish central bank governor resigns
Sveriges Riksbank governor Lars Heikensten announced Thursday 29 September he will resign after he was nominated by the government to serve on the European Court of Auditors.
UK's Clarke sees euro off the agenda
Kenneth Clarke, a contender for the Conservative party leadership, reiterated that the euro was off the British political map for the next ten years on BBC Radio's "Today" programme on Wednesday morning, 28 September, as he had first told Central Banking…
China allows IFC, ADB to issue debt
China's State Council has given approval for the International Finance Corp and the Asian Development Bank to issue yuan-denominated debt on the mainland, the Ministry of Finance said in a statement on its website.