Central Banking
Keeping meeting secret cost RBA $300,000
The Reserve Bank of Australia spent $304,530 on lawyers to block a Freedom of Information request to release details of the central bank board's deliberations over interest rates.
Comment: Fazio steps down
Antonio Fazio's resignation as Bank of Italy governor is welcome, but long-overdue. The way is now open for the implementation of much-needed reforms, as the Bank seeks to regain its lost credibility.
Richmond Fed promotes officer
The Federal Reserve Bank of Richmond announced on Friday 9 December that Gregory Sierra would become assistant vice president, Banking Supervision and Regulation effective from 1 Jan 2006.
Juncker says Stark may not take ECB economist role
Jean-Claude Juncker has suggested that Jurgen Stark might not inherit Otmar Issing's role as Chief Economist at the ECB if he is appointed to replace Issing.
Bundesbank official is pick for ECB
This article published Wednesday 14 December looks at the chances of Jurgen Stark replacing Otmar Issing at the European Central Bank. The choice of Stark would bring to the bank someone who was intimately involved with the introduction of the euro in…
Interview with ECB's Trichet
In comments published Thursday 15 December, European Central Bank president Jean-Claude Trichet said there is an essential difference between the ECB's Governing Council and well-respected figures, such as Jean-Claude Juncker and Thierry Breton, who have…
Interview with ECB's Bini Smaghi
Speaking recently, Lorenzo Bini Smaghi, member of the Executive Board of the European Central Bank, said that the US Federal Reserve is better than the ECB is "a bit like saying that Alonso is better than Schumacher. It depends on the car. The US economy…
Philadelphia Fed names bank supervision advisor
The Federal Reserve Bank of Philadelphia has named H. Robert Tillman special advisor to the Supervision, Regulation and Credit Department.
Richmond Fed appoints deputy general counsel
The Federal Reserve Bank of Richmond announced on Wednesday 14 December that Patricia A. Lacey Nunley would be appointed to the position of deputy general counsel, with responsibility for the Legal department, effective from 1 Jan.
Macfarlane defends RBA appointments
Reserve Bank of Australia governor Ian Macfarlane has defended the process used to appoint the central bank's board members following the resignation of Robert Gerard.
CBG to get two new deputy governors
Churchill Baldeh, the Majority Leader of the National Assembly, told the Daily Observer that two new deputy governors will be appointed for the Central Bank of The Gambia.
Nigeria's Soludo - Central banker of the year
The governor of the Central Bank of Nigeria (CBN), Charles Soludo, has been named the African and Global Central Bank Governor of the Year 2005 by 'The Banker' magazine.
Philadelphia Fed President to leave next year
Anthony Santomero, president of the Federal Reserve Bank of Philadelphia, announced on Friday 16 December that he will leave his position as president effective 31 March.
Philadelphia Fed Business Outlook Survey, Dec 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, December 2005, activity in the region's manufacturing sector continues to expand.
Bank of England Financial Stability Review, Dec 05
The Bank of England published its latest Financial Stability Review for December 2005 on Friday 16 December. Near-term risks to the UK financial sector from default by households, firms and overseas borrowers seem limited, and conditions in international…
Between the Fed's fewer lines
According to this article published on Wednesday 14 December, the Federal Open Market Committee's overhaul of its post-meeting statement appears to have the dual purpose of putting financial markets on notice that the Fed has entered a more neutral…
Malaysia's Zeti on the financial landscape
In the speech 'Malaysia's fast-changing financial landscape' given on 3 December Dr Zeti Akhtar Aziz of the Central Bank of Malaysia said we now stand at the threshold of the development of the financial sector.
MAS's Tong on strengthening Singapore's position
In the speech 'Strengthening Singapore's position as a leading financial centre in Asia' given on 29 November Goh Chok Tong of the Monetary Authority of Singapore said we are living in exciting times in Asia. The economic centre of gravity is shifting…
ECB's Issing says inflation hazardous
European Central Bank chief economist Otmar Issing wrote in the Financial Times on Thursday that low interest rates risk pushing up inflation, which could damage price and economic stability.
Argentina plans full IMF debt repayment
Argentina has said it will pay back its entire $9.8 billion debt to the International Monetary Fund, ending 22-year-old links with the lender.
Fazio resignation rumours described as 'nonsense'
Rumours that Bank of Italy governor Antonio Fazio was set to resign this weekend following news that he is being investigated for alleged insider trading were described by the central bank on Friday 16 December as 'nonsense'.
BoJ's Fukui says watching yen move closely
The central bank will be keeping a close eye on yen movements in the wake of current volatility, Bank of Japan governor Toshihiko Fukui told a news conference in Tokyo on Friday 16 December.
Trichet: Fazio may have infringed ECB rules
Bank of Italy governor Antonio Fazio would have infringed the European Central Bank's code of conduct if press information of improper links with Banca Popolare Italiana CEO Gianpiero Fiorani proved founded, ECB president Jean-Claude Trichet said on…
Comment: Contagion threat still present
An increasing number of emerging market economies (EMEs) are finding that they are able to borrow money in international capital markets, and on historically favourable terms.