News
Zimbabwe's Gono pleads against IMF expulsion
Zimbabwe's central bank chief called on the IMF not to expel the country on Sunday 4 September and denied using undeclared foreign exchange to pay back part of the IMF debt.
IMF chief sees global growth despite oil prices
Global economic growth will stay above 4% this year, the head of the International Monetary Fund said at the weekend.
Italy's finance minister calls on Fazio to resign
Italian Finance Minister Domenico Siniscalco has asked Bank of Italy governor Antonio Fazio to resign so that credibility can be restored to the institution.
On tap for the next Fed chief: Trouble
The recent three-day gathering of central bankers in Jackson Hole was capped with an extended standing ovation for the Fed chief from the traditionally straitlaced crowd. But the challenges awaiting Alan Greenspan's successor may be far tougher than the…
ADB president assumes office
The 7th elected President of the African Development Bank (ADB) Group, Donald Kaberuka, was sworn in on 1 September, at the Temporary Relocation Agency (ATR) in Tunis.
Interview with Bank Indonesia's deputy governor
Bank Indonesia deputy governor Miranda Gultom said in an interview published on Wednesday 31 August that the central bank will review regulations that may be impeding desperately needed capital inflows at a time when the rupiah has hit record lows…
Socialist Party calls for sacking of NBU chief
Ukraine's Socialist Party, which makes up one of three groups in the government coalition, called for the dismissal of National Bank of Ukraine governor Volodymyr Stelmakh on Tuesday 30 August, saying the strong currency is damaging the economy.
Speculation on nominee to head Iran's central bank
Iran's new President Mahmoud Ahmadinejad is planning to appoint his close confidante Ali Saeedlou as director of the country's central bank, Iran Focus reported this week.
Trichet: 'Fazio is one of us'
ECB president Jean-Claude Trichet said on Thursday 1 September that beleaguered Bank of Italy governor Antonio Fazio remains 'one of us' and rejected suggestions that the Governing Council was divided on the Fazio issue.
BOJ's Muto sees 'lasting' economic recovery
Japan's economy, the world's second-biggest, is in a ``lasting and self-sustaining'' recovery, Bank of Japan Deputy Governor Toshiro Muto said.
Too soon to judge Katrina impact - Trichet
It is still too early to assess the impact of Hurricane Katrina on European economic growth, European Central Bank President Jean-Claude Trichet said on Friday 2 September, adding he was monitoring the situation carefully.
Bush, Greenspan discuss hurricane impact
US President Bush had lunch with Federal Reserve Chairman Alan Greenspan Thursday 1 September to discuss the economic impact of Hurricane Katrina.
New banking regulator takes office in Chile
Gustavo Arriagada officially took over as Chile's banking regulator on Thursday 1 September, the regulatory agency Sbif said.
Italy imposes term limit on central bank governor
Premier Silvio Berlusconi's Cabinet on Friday 2 September approved a reform plan for Italy's central bank that will introduce a seven-year fixed term for the Bank of Italy governor.
Hungary's Jarai says oil rise could impact prices
Hungarian central bank President Zsigmond Jarai said Thursday the increase in oil prices could have an impact on inflation this year.
Kohn could fill hole left by Greenspan
Talk at the recent Fed policy conference in Jackson Hole, Wyoming has put Donald Kohn in the frame as the next chairman of the Federal Reserve.
Trichet reports upside risks to inflation outlook
European Central Bank President Jean-Claude Trichet said Thursday 1 September that upside risks to price stability exist but there is no significant evidence of a build-up in underlying inflationary pressures.
Olson says 'too early' to judge impact of Katrina
Federal Reserve Governor Mark Olson told reporters on Wednesday 31 August it was "too early" to make any comment on the impact of Hurricane Katrina on the U.S. economy.
Low rates reflect low inflation says Santomero
The president of the Philadelphia Federal Reserve Bank said on Wednesday 31 August low long-term U.S. yield rates in the Treasuries market that have received so much attention in recent months are partly a reflection of low inflation expectations.
Malaysia introduces deposit insurance scheme
Malaysia introduced deposit insurance on Thursday 1 September, establishing an independent body to insure people against the loss of their bank savings.
Indonesian rupiah fall unlikely to impact Malaysia
The Indonesian rupiah's fall is unlikely to have any impact on the economies of Malaysia or the ASEAN nations, Bank Negara Malaysia governor Zeti Akhtar Aziz said.
Bank of Canada counterfeit deterrence awards
The Bank of Canada has announced the 2005 recipients of its annual Law-Enforcement Award of Excellence for Counterfeit Deterrence.
More ECB dialogue wanted by France
France called for a more "resolute dialogue" between the eurozone's politicians and the European Central Bank on Tuesday 30 August, saying that fiscal and monetary policy must be better co-ordinated if faster economic growth is to be achieved.
ECOWAS central bank governors begin Accra meeting
Central bank governors of ECOWAS member countries were due to converge on Accra Wednesday 31 August for the 15th meeting of the Committee of Governors (COG) to deliberate plans to achieve macro-economic convergence criteria for the creation of a single…