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Euro prices, jobs plunge, paving way for big cut
The chances of the European Central Bank's Governing Council making their biggest-ever cut next week rose on Friday after inflation plummeted to just above the central bank's target and unemployment rose.
Kyrgyz Republic - Annual Report 2007
In 2007, the National Bank of Kyrgyz Republic raised rates and improved its policy instruments due to the global rise in commodity prices, said Marat Alapaev, the governor of the central bank in its latest Annual Report.
Monetary policy affects US current account
Loose monetary policy plays an important role in the United States current-account deficit, research from the European Central Bank finds.
BoJ minutes: board divided over size of cut
The majority of the Bank of Japan's board members agreed that the central bank was right to cut rates for the first time in seven years last month. But views differed on what the size of the rate cut should be.
Poland makes surprise cut on signs of slowdown
The National Bank of Poland cut rates for the first time in more than two-and-a-half years on fears that the global slowdown would hamper export demand.
Kings of cash to get a new chief
James Hussey, a managing director at De La Rue, the world's biggest banknote printer, will take the helm at the firm in the new year.
CBK's Ndung'u flouted rules on hotel sale: report
An inquiry into the sale of a Nairobi hotel accuses Njuguna Ndung'u, the governor of the Central Bank of Kenya, of flouting procurement rules, local media has reported.
Korea dips into Fed facility
The Bank of Korea is to tap the Federal Reserve for $4 billion as part of its $30 billion swap arrangement agreed at the end of last month.
Zimbabwe's Gono outlines vision for second term
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has detailed his vision for the Zimbabwean economy over the next five years after being granted a second term at the helm of the central bank.
Euro not the key to stability: CNB's Tomsik
Adopting the euro will do little to enhance macroeconomic stability, said Vladimir Tomsik, a member of the Czech National Bank's rate-setting board.
EU pledges €200 billion to spur growth
The European Commission unveiled a stimulus package worth the equivalent of 1.5% of European Union (EU) GDP on Wednesday in a bid to shore up economic activity.
IMF's chief economist on the tasks ahead
Olivier Blanchard, the chief economist at the International Monetary Fund (IMF), has made public a detailed policy proposal issued to the heads of the G20 before their summit in Washington, DC earlier this month.
Ex-Fed's Volcker to head economic recovery group
Paul Volcker, a former chairman of the Federal Reserve, will head a new committee to foster growth and financial stability.
Egypt aims for Basel II adoption, ECB to assist
The Central Bank of Egypt took a step towards compliance with Basel II after agreeing to European Central Bank (ECB) support to strengthen its supervisory framework.
China slashes rates
China chopped more than a percentage point off its lending rate on Wednesday in a further sign of Beijing's fears the global slowdown will spark a severe slump in export demand.
Emerging markets' capital inflows
A new paper from the Bank of England examines the supply of international capital flows to emerging-market economies.
History doesn't repeat itself, warns BoE's Tucker
Paul Tucker, the executive director responsible for markets at the Bank of England, has warned against spending the coming decade debating special-purpose vehicles, credit-default swaps and monolines.
ECB's Bini Smaghi: don't use the d-word
The term deflation is often misused as a catch-all phrase to describe every kind of negative development, said Lorenzo Bini Smaghi, a member of the European Central Bank's executive board.
Icelandic governor on the defensive
David Oddsson, the chairman of the Central Bank of Iceland, has defended the institution's role in the island's economic meltdown, saying that critics had forgotten that banking supervision was transferred out of the central bank to the new Financial…
Non-bank retail payments schemes in Canada
A new paper from the Bank of Canada provides an overview of the different kinds of non-bank retail payments schemes available in Canada.
Bank's Bean calls for counter-cyclical regulation
Charlie Bean, a deputy governor of Bank of England, has called for a regulatory regime that works against the natural cyclical excesses of the credit cycle.
Papua New Guinea's Kamit praises polymer
The benefits of polymer banknotes are their cost-effectiveness, durability and greater ability to withstand counterfeiting, said Wilson Kamit, the governor of the Papua New Guinea.
HKMA's Yue keen on Islamic finance
There is long-term potential in Islamic finance, said Eddie Yue, a deputy executive chief of the Hong Kong Monetary Authority (HKMA).
Norwegian oil fund hit hard by crunch
The crisis in global financial markets has led Norway's Government Pension Fund to record its largest ever quarterly loss in the three months to September.