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Kazakhstan devalues tenge by 18%
The National Bank of Kazakhstan has allowed the tenge's value to fall by almost a fifth against the greenback by substantially devaluing the currency's dollar peg.
Africa will not be spared - IMF's Kato
The global financial crisis will not spare Africa, said Takatoshi Kato, a deputy managing director of the International Monetary Fund (IMF).
Japan's Nishimura: increase competitiveness
Japanese manufacturing needs to enhance its competitiveness, said Kiyohiko Nishimura, a deputy governor of the Bank of Japan.
US demand for loans weakens further
Businesses and households' demand for loans continues to weaken, shows the latest edition of the Federal Reserve's quarterly Senior Loan Officer Survey.
Italy's Draghi - standardisation needed
A move towards the standardisation of financial products in the future is unavoidable, said Mario Draghi, the governor of the Bank of Italy.
Australia slashes on signs of flagging demand
The Reserve Bank of Australia cut rates by a full percentage point for the second time in as many votes on Tuesday, saying that a dip in confidence was impacting demand.
SA's new CPI gauge trims inflation by 0.9pp
The new method of calculating South African headline inflation would have trimmed nine-tenths of a percentage point off the December measure, the government's statistics bureau said on Tuesday.
New Icelandic PM calls for the governors' heads
Iceland's new prime minister has asked the central bank's three governors to step down.
Report cautions on dangers of free capital flows
Dogmatic adherence to the doctrine of free capital flows is misguided and potentially dangerous, a new study from the Committee on the Global Financial System, a collective of central bankers from across the globe, warns.
Avoid Dutch disease with deep financial industry
A deep financial industry can reduce the exchange-rate appreciation effect of capital inflows, posits a new paper from the International Monetary Fund.
National Bank of Georgia - Annual Report 2007
2007 showed that the trust of the Georgian population in the national currency increased, the country's central bank notes in its latest Annual Report.
Floating rates worth weight in gold for Germany
German society was better off under the floating exchange-rate regime than during the pre-first world war classical gold standard period, finds a paper by Michael Bordo and Bernhard Eschweiler for the National Bureau of Economic Research.
France's Noyer: keep your supervisors close
This crisis has showed the merits of having the banking supervisors close to the central bank, said Christian Noyer, the governor of Banque de France.
Central Bank of the Philippines - Annual Report 07
With 7.3% GDP growth in 2007, the Philippines achieved its highest output performance of the past three decades last year and the government's growth target, notes the country's central bank in its latest Annual Report.
Canada's Carney: controlling inflation fundamental
Controlling inflation is the best contribution that monetary policy can make to the economic and financial welfare of Canada, said Mark Carney, the governor of the country's central bank.
Financial regulation: a macro analysis
A report from the Centre for Economic Policy Research applies macroeconomic analysis to the design of financial regulation.
Zimbabwe lops zeros off currency, again
The Reserve Bank of Zimbabwe has chopped 12 zeroes off the Zimbabwean dollar in its latest attempt to curb hyperinflation.
Barbados' Williams warns storm brewing offshore
The chances that Barbados's economy will shrink in 2009 have intensified with the declining economic fortunes abroad, admitted Marion Williams, the governor of the country's central bank.
SNB offers dollar-denominated bills for UBS loan
The Swiss National Bank (SNB) announced on Monday that it will issue its own bills denominated in dollars.
Enlargement and stability: ECB's new challenges
Enlargement and financial stability are the European Central Bank's (ECB) main new challenges, finds a paper from the National Bureau of Economic Research.
Riksbank appoints new deputy
Karolina Ekholm, a professor at Stockholm University, is to succeed Irma Rosenberg as deputy governor of the Riksbank.
Crisis demands a common voice: UK's McFall
John McFall, the chairman of Britain's Treasury Committee, tells CentralBankNews.com why the financial crisis means central bankers will have to change the way they speak.
Irish economy to shrink by 4% this year
The Irish economy is facing a second consecutive year of contraction, says the latest Quarterly Bulletin from the Central Bank and Financial Services Authority of Ireland.
Economists' forum launches crisis blog
VoxEU.org, an online forum set up by the Centre for Economic Policy Research, has launched a blog on the global financial crisis.