Although central banks in nations such as Argentina, Malaysia, Honduras, South Africa, Botswana and the Bahamas are run by female chiefs, others have no women in jobs on their boards.

Bloomberg reports that women are responsible for around 70 per cent of consumer spending worldwide, but are not present on the rate-setting boards of the Bank of England, the European Central Bank and similar institutions in Australia, Brazil, India, Turkey, Mexico and Indonesia.

According to the news source, "past and present female central bankers say this should change" and are calling for gender representation to improve, with quotas already in place in Japan and Kenya.

The article quotes a previous report from the Open Market Committee of the US Federal Reserve suggesting more women in central banks "could have an important effect on policy outcomes".

DeAnne Julius, a former Bank of England policy maker, stated that all-male boards exclude "quite a wide range of opinion".

In related news, the Telegraph recently reported that foreign companies are investing in London's financial services sector, creating and safeguarding thousands of finance jobs in the UK.

Posted by Lee Thrace