Governance
Ex-Fed chairman Volcker to get honorary degree
Paul Volcker, who headed the Federal Reserve from 1979 to 1987, will receive an honorary degree at Rensselaer Polytechnic Institute's commencement on Saturday 21 May.
China SAFE's Ma Delun appointed to PBOC
China's State Administration of Foreign Exchange (SAFE) deputy director Ma Delun has been appointed as an Assistant Governor at the People's Bank of China.
Interview with Central Bank of Malta's Bonello
In a recent interview the governor of the Central Bank of Malta, Michael Bonello, said Malta is well suited to participate in the euro area. Delaying euro adoption would not only postpone the benefits of the single currency but could also place Malta…
Interview with International Monetary Fund's Rato
In an interview published on Monday 4 April Rodrigo Rato, managing director of the International Monetary Fund, said we are not advising any type of revaluation in China, but are instead advising flexibility. And we believe that it is in the interests of…
Interview with RBA's Broadbent
Following the Reserve Bank of Australia's meeting this week RBA board member Jillian Broadbent said in an interview on Wednesday 6 April that the central bank remains confident it can achieve its inflation target and maintain sustainable economic growth.
Paraguay appoints interim central bank president
Economist Benicio Sanchez has been chosen as interim president of the Paraguayan central bank by fellow directors following the resignation of Gabriel Gonzalez, local press reported.
IMF names Saleh Nsouli director of Europe office
Anne Krueger, Acting Managing Director of the International Monetary Fund (IMF), named Saleh Nsouli as Director of the IMF's Offices in Europe on Monday.
Interview with World Bank's, Wolfowitz
In an interview published this week, before Paul Wolfowitz was confirmed as World Bank President, he says he believes deeply in the mission of the bank. Reducing poverty and promoting economic development are important things we need to do to leave our…
Interview with Central Bank of Cuba's Soberon
Cuba's central bank president Francisco Soberon said in an interview published this week that he was optimistic about recent moves to strengthen both the Cuban peso and the convertible Cuban peso. He also said the Cuban economy registered its first…
De-nationalizing the ECB's executive board
The European Central Bank's chief economist, Otmar Issing, is not scheduled to retire until May 2006. The only certainty about his successor at the moment is that he or she will be a German, according to this article. Current practice is blatantly unfair…
Interview with ECB's Papademos
In an interview published this week, European Central Bank vice-president Lucas Papademos said the weakening of the EU stability and growth pact's rules on cutting deficits would increase the chances of an ECB interest rate hike if it led to a weakening…
Iran's Khatami reappoints central bank governor
President Mohammad Khatami, in a decree issued on Monday 28 March, reconfirmed Ebrahim Sheybani as the governor of the Central Bank of Iran, Iranian news agency IRNA reported this week.
Bundesbank rejects claims of missed staff targets
The Bundesbank, Germany's central bank, has refuted newspaper reports this week stating that it will miss its planned staff reduction targets by a significant amount.
Woman takes charge of China's State forex office
China has appointed a woman as the new director of the State Administration of Foreign Exchange (SAFE). Hu Xiaolian was formerly an assistant governor of the People's Bank of China.
HKMA announces pay review 2005
The Hong Kong Monetary Authority (HKMA) announced on Friday 1 April the result of the annual pay review for staff of the HKMA in 2005. As a result of the pay review, the Fixed Pay of most HKMA staff will continue to be frozen in 2005.
World Bank confirms Wolfowitz as President
The directors of the World Bank confirmed the appointment of Paul Wolfowitz as its President on Thursday 31 March, but agreed on the need for a more open and transparent process for selecting future bank presidents.
Canada's Dodge on bank's 70th anniversary
In an interview to mark the Bank of Canada's 70th anniversary, governor David Dodge said the bank is more open today than ever about how it goes about its business. "The day of the high priesthood of central bankers has come and gone."
Turkey's Serdengecti on promised reforms
In an interview published on Wednesday 23 March , the governor of Turkey's central bank, Sureyya Serdengecti, said reforms promised by the ruling AK government - but yet to be finalised - were essential to the bank's continued ability to reduce inflation…
BNB governor proposes Kostov as deputy
The governor of the Bulgarian National Bank (BNB), Ivan Iskrov, has proposed Dimitar Kostov as deputy governor of the central bank and head of the banking department.
Georgia to appoint new National Bank chief
Georgian President Mikheil Saakashvili has asked parliament to approve the chairman of the parliamentary finance and budget committee, Roman Gotsiridze, as the next president of the National Bank, Imedi TV reported.
Adams nominated to U.S. Treasury post
U.S. President George Bush has picked Tim Adams as the Treasury's new under secretary for international affairs, the White House said on Wednesday 23 March.
Interview with ECB's Trichet
In an interview published on Wednesday 16 March, European Central Bank president Jean-Claude Trichet said the bank continues to see moderate economic growth in the eurozone during 2005, despite recent signs of "greater dynamism" in investments and…
Interview with Bundesbank's Weber
Speaking in an interview on Wednesday 16 March, Bundesbank president Axel Weber said with higher incomes resulting from an increase in 2006 German employment, there should be better consumption and thus a recovery in the domestic economy.
Elections to the Board of Directors, Denmark
The five-year terms of three of the 25 members of the Board of Directors expire on 31 March 2005. At a meeting on 15 March the Board of Directors re-elected Helle Bechgaard, Director, Niels Fog, Merchant, and Kirsten Stallknecht, Former President of the…