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TOPIC: "Help wanted: Tough central banker" (Reuters 1/29/10)


Diamond

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"Help wanted: Tough central banker" (Reuters 1/29/10)
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{Do <Control>+ to zoom in and see the pictures much bigger - you need to do that to see these clearly}
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"

Help wanted: Tough central banker

DAVOS, Switzerland (Reuters) - Glenn Stevens, the governor of the Reserve Bank of Australia, is an accidental hero of the global financial crisis.

A career central banker, Stevens, 52, once described himself in a newspaper article as "not a particularly great risk-taker". On the day he was appointed to the job, August 1, 2006, the exasperated photographers crammed into his spartan office were forced to ask him to smile for the camera, according to local media reports.

"That's a bit hard. I'm a central banker," he deadpanned.

Then, on October 6 of last year, Stevens was thrust into the spotlight. Australia became the first G20 nation in the wake of the financial crisis to raise interest rates, signaling an upbeat view of future economic activity. It was not a widespread sentiment.

More . . .

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Good read. Informative chart.



-- Edited by Sanders on Friday 29th of January 2010 11:41:58 AM

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