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Norway eases rates and collateral rules
Norges Bank lopped a further half point of its key rate on Wednesday and agreed to accept domestic bonds as collateral regardless of their credit rating.
China cuts again on fears of slump
The People's Bank of China has lowered its key lending rate by 27 basis points to 6.66%.
IMF, EU, World Bank to loan Hungary $25bn
The International Monetary Fund (IMF), the European Union (EU) and the World Bank will lend Hungary $25.1 billion in an attempt to avert a financial meltdown.
Riksbank to lend to corporates
The Riksbank on Wednesday agreed to extend access to its funds beyond the banking sector to large corporates struggling to borrow in the wake of the global market turmoil.
Serbia's Jelasic apprehensive on intervention
Government intervention has had little success so far in taming market sentiment, said Radovan Jelasic, the governor of the National Bank of Serbia.
Trichet hints at rate cut
Jean-Claude Trichet, the president of the European Central Bank (ECB), on Monday signalled the Governing Council would cut interest rates at its next meeting on 6 November.
Central Bank of Turkey - Annual Report 2007
Fiscal policy has made a modest contribution to disinflation in 2007, said Durmus Yilmaz, the governor of the Central Bank of the Republic of Turkey, in the latest Annual Report.
House-price fall precipitated subprime collapse
The reason for the raft of subprime defaults was a sudden fall in house prices, which made prepayment of loans a less attractive option, finds research from the St Louis Federal Reserve.
Bank calls for systemic risk re-think
The Bank of England on Tuesday called for a strengthening of cross-border crisis management, criticising the decision by some authorities to offer blanket guarantees on deposits.
Slovakia cuts rates in line with ECB
The National Bank of Slovakia shifted its policy rate for the first time in 17 months on Tuesday, cutting by half a point to 3.75% - on par with the European Central Bank's (ECB) benchmark borrowing cost.
Crisis triggered US review of SWF stance
American attitudes to sovereign investments have softened in the wake of the credit crunch and funds should not fear a regulatory backlash once normal conditions are restored, the chairman of the US Congressional Task Force on Sovereign Wealth Funds has…
IMF kitty may prove insufficient: British PM
The International Monetary Fund (IMF) may have insufficient resources to fight the global credit crisis, Gordon Brown, the British prime minister, warned on Tuesday, saying that a new funding arrangement drawing on countries with substantial reserves was…
Iceland hikes rates by 600bp to access IMF funds
The Central Bank of Iceland has raised rates by a staggering 600 basis points to 18% to meet the conditions of the International Monetary Fund's (IMF) $2.1 billion loan.
SEPA at a crossroads - ECB's Tumpel-Gugerell
SEPA, the Single Euro Payments Area initiative, is at a crossroads, said Gertrude Tumpel-Gugerell, a member of the executive board of the European Central Bank.
China not too reliant on exports
China's is much less dependent on exports than commonly thought, research from the Hong Kong Monetary Authority notes.
Public sector should provide liquidity: RBA
The public sector should provide liquidity in times of stress, finds a new paper from the Reserve Bank of Australia
Korea's Lee urges caution
Central banks need to be cautious in coping with price pressures as financial markets are very unstable and their future direction is unclear, said Seongtae Lee, the governor of the Bank of Korea.
Kuwait guarantees deposits as major bank falters
Kuwait became the latest country to issue a blanket guarantee on all deposits after it emerged on Sunday that one of its largest banks had made a loss.
Korea cuts by 75bp on signs of slowdown
The Bank of Korea on Monday slashed its key rate by 75 basis points in a surprise move to counter an economic slowdown. The central bank also broadened its collateral rules to include some mortgage-backed securities on signs of a liquidity shortage.
IMF chief apologises for affair
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has apologised for an affair with a former staff member, saying the relationship was "a serious error of judgment."
IMF pledges $18.6bn to Ukraine, Iceland
The International Monetary Fund (IMF) has agreed multi-billion dollar loans with Reykjavik and Kiev, and said it is close to agreeing terms for Hungarian assistance.
G7 voice concern on yen's rise, action likely
The G7 economies on Monday indicated that they could act on the yen's appreciation after the Nikkei 225 index of leading shares in Tokyo slumped to a 26-year low on fears a strong currency would cripple the country's exporters.
Singapore's Lim: deposit guarantee precautionary
Singapore's recently-announced guarantee on deposits is a measured and precautionary action, said Lim Hng Kiang, the deputy chairman of the Monetary Authority of Singapore.
India impacted by global turmoil
Recent events in India's financial markets reflect adverse developments and extreme uncertainty in international financial markets, opines the latest macroeconomic and monetary development mid-term review from the Reserve Bank of India.