People
Interview with ECB's Gonzalez-Paramo
In an interview published this week, ECB Executive Board member Jose Manuel Gonzalez-Paramo speaks out firmly against changing the wording of the Stability and Growth Pact, saying: "The Pact is a cornerstone of the currency union. Nobody had questioned…
ECB President visits the National Bank of Romania
Jean-Claude Trichet, President of the European Central Bank, visited the National Bank of Romania on Monday 18 October and met with Governor Mugur Isarescu and the Executive Board of the National Bank of Romania.
Hungary's Jarai against cb reform proposal
The president of Hungary's central bank (MNB), Zsigmond Jarai, has criticised a proposal to increase the number of members of the MNB's Monetary Council from nine to eleven and to allow the prime minister to choose five of the eleven members and approve…
Ireland's statistics department finally leaves cb
Staff of Ireland's department of Central Statistics office located on the top floor of the Central Bank building started vacating the building this week. The move came as a result of a three-month notice which the central bank sent to the Statistics…
Romania appoints new Board of Directors
The National Bank of Romania has a new Board of Directors, Rompres reported on Tuesday 12 October. The BNR management was agreed by parliament in late September following fierce debate.
Leiderman named favourite to replace Klein
Professor Yitzhak Swary isn't the leading candidate to be the next Bank of Israel Governor, as Professor Leonardo Leiderman, a former senior official at the central bank, has a better chance of being appointed, TheMarker.com financial news service…
McTeer set to leave Dallas Fed
Dallas Federal Reserve President Robert McTeer, the U.S. central bank's resident poet and "lonesome dove" on inflation, is likely to leave if he wins the chancellor's position for the Texas A&M University System.
RBA likely annoyed by political rate talk
In an interview with Dow Jones Newswires on Wednesday 13 October, Professor Stephen Bell, author of a new book "Australia's Money Madarins: The Reserve Bank and the Politics of Money" said the government's argument that interest rates would rise faster…
Eu-row continues
The row over how to spell the "euro" single currency was only partially solved this week when Lithuania (euras) and Slovenia (evro) agreed a compromise on the word but Latvia (eiro) and Hungary (euroo) said they plan to stick to their own spelling.
Nobel prize winner keen to continue his work
Finn Kydland, joint winner of the 2004 Nobel economics prize, was giving a guest lecture at the Norwegian School of Economics and Business Administration (NHH) in Bergen, western Norway when he was told the news he had won the prize.
Pensioners to sue Bank of Canada
Canadian pensioners look set to go to court in a bid to wring up to $42 million out of the Bank of Canada, Canadian Press reported. It is alleged the bank misused their pension trust fund since at least 1993.
BMA deputy governor to step down
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam will step down at the end of the year after more than 15 years with the central bank.
ECB's 'gouverning council'
Who said the English language was taking over Europe? The European Central Bank's governing council met in Brussels yesterday, instead of Frankfurt. The bank always works in English but, according to the FT's observer column, the sign above ECB president…
Trichet note change sparks forgery claims
Berlin police have reassured citizens worried about an unfamiliar signature on their new euro notes that the money is genuine, news agencies report.
Euro or euras?
Algirdas Brazauskas, the Lithuanian prime minister, has criticised the EU's demand that the single currency be called the euro, not the euras, as it is known in Vilnius.
Death of Vanhala, former governor of Finnish cb
Matti Vanhala, former governor of the Bank of Finland, died on Wednesday 29 September from cancer, the bank said in a statement. He was 58.
Jusko to step down as head of NBS in December
Marian Jusko, the governor of the National Bank of Slovakia (NBS), has announced that he will leave his post in December of this year, and not July 2005, as originally expected, according to the CTK news agency.
Socialists deny move to allow removal of Jarai
The governing Hungarian Socialist Party (MSZP) categorically denied a report Wednesday by the daily Magyar Nemzet that the party is preparing legal modifications that would allow the removal of Zsigmond Jarai, governor of central bank MNB.
Central bankers get scores in global report
Taiwan's central bank governor Perng Fai-nan's performance isgraded "B" this year, up from last year's "C," according to a report byGlobal Finance magazine scheduled to be released Friday 1 October.
Indonesia acquits former central bank chief
Indonesia's top court has reportedly acquitted the former governor of thecountry's central bank, Bank Indonesia, on all charges relating to a multi million dollar scandal.
Corruption allegations against Zimbabwe's Gono
The Reserve Bank of Zimbabwe has been rocked by allegations of corruption with reports that the Governor, Gideon Gono, has been personally recruiting staff without advertising vacant positions, ZWNews reported this week.
Euromoney award goes to Argentina's Prat-Gay
At the IMF/World Bank meetings in Washington on October 3, Euromoney will present its central bank governor of the year award for 2004 to Alfonso Prat-Gay of Argentina. Request a free trial to view this article from Euromoney's September issue.
BOK sees salaries soar
The Bank of Korea said in a report to the National Assembly that average annual salary has jumped by 46 percent in the last four years.
Bomb threat at SARB
The South African Reserve Bank's head office received a telephoned bomb threat from an anonymous caller between 12 and 12.30 on Friday 17 September, but national payment systems and market operations were not affected.