News
Santomero says Fed's regional diversity important
Federal Reserve Bank of Philadelphia President Anthony Santomero made no comment on the economy or the outlook for interest rates at an event at the Philadelphia Stock Exchange on Monday 1 November but said the Fed's regional diversity helped ensure…
BoJ to take time on ending ultra-loose policy
Bank of Japan Governor Toshihiko Fukui said on Tuesday 2 November that the central bank will take its time in determining the time to abandon the current ultra-loose monetary policy.
Central bank of Oman awards RTGS project to Imtac
The Central Bank of Oman (CBO) has signed a contract for the implementation of Real Time Gross Settlement (RTGS) with Imtac LLC, a leading IT solutions vendor, the Times of Oman reported Tuesday.
Korea's central bank to restructure
The Bank of Korea (BOK) is to revamp its internal structure in an apparent bid to repair its reputation as an influential voice in the nation's economy, the Korea Times reported Tuesday.
How Nobel prize winner changed central banking
Edward Prescott, recent recipient of the Nobel prize for economics, spoke to Central Banking's Paul Brione about the monetary policy research which won him the prize. CentralBankNet brings you an exclusive extract.
BoE's CCBS organising seminar in Bahrain
The Bank of England's Centre for Central Banking Studies (CCBS) is organising the first Monetary Policy and Operations seminar in Bahrain this month.
Moskow stresses importance of local economies
Chicago Federal Reserve President Michael Moskow spoke at a conference on Friday 29 October, but made no comments on the economic outlook or monetary policy.
Japan's Koizumi says steady recovery desirable
Japanese Prime Minister Junichiro Koizumi said on Monday 1 November that he wants Japan's economy to recover "at a steady pace" as the central bank released redesigned and more secure banknotes for the first time in 20 years.
Zimbabwe to tap huge platinum reserves
Reserve Bank of Zimbabwe governor Gideon Gono said over the weekend that the government was in talks with foreign investors to tap huge platinum reserves valued at 290 billion US dollars.
Report says Argentina to relax forex controls
The Argentine central bank will try gradually to lift controls imposed on foreign exchange transactions, daily La Nacion reported, without naming sources.
Putin positive on Russian economic situation
Russian President Vladimir Putin is positive about the economic situation in Russia. Interfax in Moscow quoted Putin as saying the economy was developing "very energetically".
Sveriges Riksbank alters management forms
At its meeting on 13 October, the Executive Board of the Sveriges Riksbank decided to make certain changes in the way the bank is managed. Responsibility of members of the Executive Board for preparing matters from the departments will be replaced by a…
Danmarks Nationalbank appoints head of Secretariat
As of 1 November, Karsten Biltoft, Head of Division, is appointed Head of Danmarks Nationalbank's Secretariat which, among other things, is responsible for external and internal communication.
Interview with Dr YV Reddy, Governor of the RBI
This interview was given to Emerging Markets on the occasion of the magazine presenting Dr YV Reddy of the Reserve Bank of India the Best Central Bank Governor of the year award. Issues considered for such nominations include "strong track record,…
Interview with Philadelphia Fed's Santomero
In an interview published last Friday, 22 October, Philadelphia Fed President Anthony Santomero said that the Federal Reserve will be able to slow down the pace of interest rate rises if the economy grows less rapidly than it expects.
Federal Reserve appoints regional Fed chairmen
The Federal Reserve Board on Wednesday 27 October announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington…
Former Bank of Italy governor gets pacemaker
Italian President Carlo Azeglio Ciampi, who was governor of the Bank of Italy between 1979 and 1993, underwent surgery to install a pacemaker last week, his office said.
Yushchenko went from central bank to politics
Viktor Yushchenko, who was governor of the National Bank of Ukraine through most of the 1990s, goes into Sunday's presidential election in the Ukraine as the main opposition candidate. This article assesses his chances, and also takes a look at his…
China's 'Father of the Euro' university to open
It was announced on Thursday 28 October that the recently established Mundell International University of Entrepreneurship will open in November.
Report claims Israel's Klein asks for second term
A report by Haaretz Daily this week claimed Bank of Israel governor David Klein asked about his chances of being appointed for a second term at the central bank during a meeting with Finance Minister Benjamin Netanyahu.
Issues paper for ECB conference on 10 Nov
In preparation for an internal conference on e-payments, the ECB has produced an issues paper entitled "E-payments without frontiers". The paper covers observations on innovation in retail payments, challenges to be faced before a mature and integrated…
China rate rise 'not necessarily' yuan-related
An unnamed IMF official was quoted on Friday 29 October as saying that China's interest rate increase on Thursday 28 October did "not necessarily" mean a shift in the country's fixed exchange rate regime.
Jarai says central bank changes still unlawful
Zsigmond Jarai, president of the Hungarian central bank, told a conference on Thursday 28 October that despite minor adjustments submitted to planned modifications to Hungary's Central Bank Act, the intentions driving the changes are still "wrong,…
Brazil says oil threatens 'gradual' rate rises
Minutes from Brazil's central bank interest rate setting COPOM committee showed that the bank expects to maintain a policy of "gradual" interest rate increases while holding out the possibility that increasing oil prices and worsening inflation…