Central Banking
Italy's Bini Smaghi to join ECB board
Lorenzo Bini Smaghi, 48, the head of the Italian Finance Ministry's international department looks set to replace a fellow Italian on the board of the European Central Bank after a unanimous decision on Thursday 17 February.
Profile of T&T's new deputy governor
Joan John became deputy governor, Operations, at the Central Bank of Trinidad and Tobago for a period of five years starting 1 February. She recently led the implementation of the Real Time Gross Settlement System and the Government Securities Settlement…
T&T promotes second woman to senior position
The Central Bank of Trinidad and Tobago announced on Wednesday 16 February the appointment of the second woman in two weeks to a leadership position. Wendy Ho Sing assumed her new posting as Deputy Inspector of Financial Institutions.
Mankiw resigns from CEA, clears way for Bernanke
Gregory Mankiw has resigned as chairman of President Bush's Council of Economic Advisers. Federal Reserve Governor Ben Bernanke is a top contender to replace him, an administration official was quoted as saying.
Fundanga on relations with the Embassy of France
In a speech on 'Relations between the Embassy of France and the Bank of Zambia' given on 18 January Dr Caleb M Fundanga of the Bank of Zambia said for some time now, our two institutions have been collaborating closely on the details of this MoU to…
RBA's Macfarlane on prospects for the economy
In a speech given on 18 February Ian Macfarlane of the Reserve Bank of Australia said looking ahead, we forecast gradual rises in underlying inflation, with it reaching 2.5 per cent by end 2005 and 3 per cent by end 2006.
Bank of Canada Review, Winter 2004
The Bank of Canada published its Review for Winter 2004 on 17 February. The Review contains four articles including "The Bank of Canada as Lender of Last Resort". The authors review the policy framework that guides the Bank's lender-of-last-resort…
Canada's Dodge: Monetary policy & exchange rates
In a speech on 'Monetary policy and exchange rate movements' given on 17 February, David Dodge of the Bank of Canada said that in conducting monetary policy, the Bank analyses movements in the Canadian dollar in the context of economic and financial data…
First Vice President of EBRD resigns
The First Vice President of the European Bank for Reconstruction and Development, Norin Doyle, announced on Thursday 17 February that she will not seek a second term when her current mandate expires in August.
OECD says global recovery gathering speed
Global economic growth is poised to gain momentum, the Organization for Economic Cooperation and Development has said.
PBOC's Wu: China needs to ease lending controls
China needs to move towards easing strict controls over private lending, legalizing the business in order to mitigate lending risk for banks, the China Business News reported, citing a senior official from the People's Bank of China.
Italy's Fazio says bank sector not protectionist
Bank of Italy governor Antonio Fazio has told the European Commission that the Italian banking sector is not protectionist, the Financial Times reported.
Park calls for China rethink on peg
Korean central bank governor, Park Seung added his voice to the chorus calling on China to rethink the yuan's peg to the dollar in an interview with Central Banking journal.
Indonesia, Malaysia launch joint ATM network
Against the setting of an increasing number of Indonesian workers, tourists and students in Malaysia, the two nations have launched a joint Automatic Teller Machine (ATM) network, Xinhua reports.
New General Manager at Banco de la Republica
Dr Jose Dario Uribe Escobar has been designated by the Board of Directors as new General Manager of the Banco de la Republica, Colombia.
A slow boat to yuan devaluation
This article says China is probably a decade away from a free floating yuan and full-blown capital liberalization. A more realistic option, it says, would be a two-stage program that involves a widening of the yuan trading band and the adoption of a…
Canada's Kennedy on household debt
In a speech on 'Getting a perspective on household debt: Separating myth from reality' given on 15 February, Sheryl Kennedy of the Bank of Canada examines the likely implications of the rising debt burden of Canadian households.
Deutsche Bundesbank Monthly Report, January 2005
The Deutsche Bundesbank published the English version of its January 2005 Monthly Report on 14 February. "The available indicators continue to suggest only weak overall production growth in the final months of last year," the bank said in the report.
HKMA's Chan on developing Hong Kong's debt market
In a speech at the cocktail reception of HKCMA Forum 2005 given on 26 January, Norman Chan of the Hong Kong Monetary Authority said that over the years the HKMA has been working closely with the Hong Kong Capital Markets Association in developing the…
IMF's Krueger: How stable is the global economy?
In the speech 'How stable is the global economy?' given on 11 February, Anne Krueger of the International Monetary Fund said economic policy makers around the world should act now to slow inflation and improve the flexibility and resiliency of the global…
China to restrict use of RMB image on internet
Anyone who wants to use images of Chinese currency (RMB) on the internet will have to get approval from the People's Bank of China, or otherwise will face fines of up to 30,000 yuan (3,627 US dollars), a draft regulation said.
Forex reserves top US$200bn in South Korea
South Korea's foreign exchange reserves passed the US$200-billion mark for the first time, says a report from the Bank of Korea released on Thursday 17 February.
BOJ's Fukui confident of meeting liquidity target
Bank of Japan Governor Toshihiko Fukui on Thursday 17 February expressed complete confidence in the central bank's ability to keep meeting its liquidity target, and ruled out increasing the amount of Japanese government bonds (JGBs) purchased monthly…
Vietnam extends electronic payment infrastructure
Vietnam's central bank officially granted credit card giant Visa International a licence to set up a representative office in the country on Wednesday 16 February.