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Lazear may replace Bernanke on Advisory Council
US President George W Bush may replace Ben Bernanke with Edward Lazear as chairman of the White House Council of Economic Advisers, a report quoted sources as saying.
With Bernanke at bat, Fed will target inflation
According to this recent article, Ben Bernanke will devote significant staff resources to further study on issues he has spoken and written about, when he takes over at the Fed. And the advantages of his approach will become overwhelming enough in the…
Former World Bank chief moves to Citigroup
Citigroup said this week that James D. Wolfensohn, 71, who left as president of the World Bank last spring after 10 years at the helm, would serve as a global strategy adviser to senior management and clients.
New deputy governor appointed to ECCB
Trevor Brathwaite, Permanent Secretary, Ministry of Finance, International Financial Services and Economic Affairs, St Lucia, was appointed Deputy Governor of the Eastern Caribbean Central Bank (ECCB) this week.
Bank of Israel lowers pay for new workers
The Bank of Israel will pay new workers 30 per cent less than current employees, under an agreement reached between the central bank, its workers union and the Finance Ministry.
Brazil central bank workers end month long strike
Brazil's central bank employees resumed work this week after a one month strike which delayed the release of important macroeconomic data.
Iceland's Oddsson waives pension rights
David Oddsson, former prime minister and new governor of the Central Bank of Iceland, has declined to take up a retirement pension for his 13 years as prime minister and one year as foreign minister.
Interview with PBOC's Xiang Junbo
In a recent interview People's Bank of China deputy governor, Xiang Junbo, said the central bank has been undergoing institutional changes. The establishment of the PBOC Shanghai Head Office is an important step to improve the central bank system and to…
Bernanke steps into Greenspan's shoes
Although Ben Bernanke was nominated as Fed chairman this week, he has shown in the past that he isn't a fan of the conservative dress code favoured by central bankers. Bernanke surprised George W Bush by wearing a pair of tan socks with a dark suit to a…
Central bankers welcome Fed nominee
Following Ben Bernanke's nomination to succeed Alan Greenspan as chairman of the Federal Reserve, central bankers were out in force this week to welcome the move.
Interview with RBI governor YV Reddy
In an interview published on Wednesday 26 October, Reserve Bank of India governor Yaga Venugopal Reddy said baby steps are the fashion of the day. Nowadays, in monetary policy, no one takes big steps.
Interview with Ben Bernanke
In an interview published on Tuesday 25 October, but conducted before his nomination to the Fed, Ben Bernanke said that there was so far little reason to fear that the sharp rise in energy prices would feed through into wider inflation.
Interview with ECB's Trichet
ECB President Jean-Claude Trichet said in an interview with Russian newspaper Izvestia this week that the ECB was committed to maintaining steady prices. "As regards our present position, I said in Athens on 6 October that the present interest rate of 2…
Gordon Brown welcomes Bank of England appointment
Following the appointment this week of Sir John Gieve to succeed Sir Andrew Large as Bank of England Deputy Governor for Financial Stability, UK Chancellor Gordon Brown said Sir John brings a wealth of experience to the job.
CBN to lose over 1,000 staff
About 1,040 staff at the Central Bank of Nigeria (CBN) lost their jobs this week following the implementation of the CBN's "Project Eagles" restructuring and re-engineering exercise.
Ivory Coast to keep BCEAO job
The president of the Ivory Coast said on Tuesday 18 October that his country will not relinquish the governorship of the Central Bank of West African States (BCEAO).
Book by governor of Barbados cb
Dr Marian Williams, governor of the Central Bank of Barbados, has published her third book. The book contains ideas about the policies and approaches which Barbados and the Caribbean might adopt in the new global environment.
Greenspan: global giant but awkward legacy
According to this article published on Tuesday 18 October, the Fed's sway over world markets was arguably at its peak in 1998. Before both the launch of the euro and the massive reserve accumulation in Asia that has bestowed China and others with…
Russian central banker charged with taking bribe
The Moscow prosecutor's office has indicted the deputy chief of the Federal Tax Service lending institutions department and a Russian central bank official for large-scale bribery, according to Interfax and other reports this week.
Politicians walk out on Fazio testimony
Bank of Italy governor Antonio Fazio faced another snub on Tuesday 18 October when centre-left opposition party members walked out of a parliamentary hearing where he was speaking about Italy's 2006 budget.
BIS appoints Daniel Lefort as General Counsel
The Board of Directors of the Bank for International Settlements announced the appointment of Daniel Lefort as General Counsel on Tuesday.
Quiz on the Nobel Prize for Economics
Test your knowledge of the Nobel Prize for Economics with this five question quiz. Q1. How many women have won the Nobel Prize for Economics since 1969?
IMF chief congratulates Ingves
Rodrigo de Rato, the Managing Director of the International Monetary Fund, congratulated Stefan Ingves on Tuesday 11 October, currently Director of the IMF's Monetary and Financial Systems Department (MFD), for his appointment as Governor of Sveriges…
Riksbank's Bergstrom decides to step down
Sveriges Riksbank deputy governor Villy Bergstrom announced on Tuesday 11 October his decision to step down, saying his time at the Bank has been the best of his working life.