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Denmark bucks trend with rate hike
The National Bank of Denmark unexpectedly raised rates by half a point to 5.5% on Friday to support the krone.
Fed $2.7bn down on Bear, GSE sell-off continues
The value of the assets held on the Federal Reserve's books as collateral for its $29 billion loan to failed investment bank Bear Stearns fell by 9.2% over the third quarter, it emerged Thursday. Data also showed foreign central banks flight from Fannie…
Yamaguchi named new Bank of Japan deputy
Hirohide Yamaguchi has been made deputy governor at the Bank of Japan, filling a position vacant since March.
Caruana, Ortiz, Ingves interviewed for BIS job?
Jaime Caruana, Guillermo Ortiz and Stefan Ingves are the candidates for the top job at the Bank for International Settlements (BIS), a leading German financial daily reported on Friday.
Markets plunge on recession fears
Confirmation of a sharp contraction in the UK economy and fears of a similarly grim outlook elsewhere sparked a global sell-off in equities and commodities on Friday.
Convergence will cut CNB's losses
The Czech National Bank should be able to repay its foreign-exchange-related losses by 2023 as the economy converges with developed economies, finds a new paper from the central bank.
Stay vigilant, SARB warns markets
Financial system authorities and participants must stay vigilant, and enhance efforts to improve resilience and contingency measures, states the latest Financial Stability Review from the South African Reserve Bank.
CNB's inflation-targeting review
The Czech National Bank has published a collection of research papers to commemorate ten years of inflation targeting.
National Bank of Serbia - Annual Report 2007
In 2007, for the second year in a row, the National Bank of Serbia managed to achieve its inflation objective, said Radovan Jelasic, the governor of the central bank, in the latest Annual Report.
No uniform path to euro
There is no one-size-fits-all euro adoption policy available for the eight new EU countries from Central and Eastern Europe, finds a new paper from the Bank of Estonia.
SA's Mboweni challenges IMF and World Bank
Tito Mboweni, the governor of the South African Reserve Bank, has lashed out at the Bretton Woods institutions, labelling them vehicles for developed economies to control developing and emerging-market countries.
Riksbank cuts to counter higher borrowing costs
The Riksbank cut rates by half a point on Thursday, and pledged to loosen further, to temper tighter credit conditions in Sweden.
Greenspan backs bailout, more regulation
Alan Greenspan, a former chairman of the Federal Reserve seen as a fierce advocate of free markets, on Thursday said he supported both the US Treasury's $700 billion bailout plan and greater regulation of the financial system.
New Zealand chops a point off rates
The Reserve Bank of New Zealand slashed its benchmark rate by a full percentage point on Thursday, citing concerns over global growth.
ECB's Heinonen scoops lifetime achievement award
The man who oversaw the euro cash changeover has been honoured with a lifetime achievement award from the International Association of Currency Affairs, a trade body for the currency industry.
We were powerless to save Lehman, says Paulson
The US Treasury and the Federal Reserve had to let Lehman Brothers fail because the now-defunct investment bank did not have enough good collateral on its books to guarantee a Fed loan, Hank Paulson, the US treasury secretary, has said.
RBA's Stevens praises British bailout
The British government's intervention plan appears to have all the key elements needed to restore health to the key international institutions, Glenn Stevens, the governor of the Reserve Bank of Australia.
Monetary policy and exchange-rate interaction
Research from Norges Bank shows a high degree of interaction between monetary policy and exchange rates.
Obama turning to ex-Fed's Volcker on economy
Barack Obama, the Democratic candidate for the United States presidency, is increasingly relying on Paul Volcker, a former chairman at the Federal Reserve, for advice on the economy, reports suggest.
King justifies re-capitalisation
With banking conditions at their direst since the beginning of First World War, the British Treasury had to re-capitalise the country's ailing banking sector, said Mervyn King, the governor of the Bank of England.
Forint's slide prompts drastic hike in Hungary
The National Bank of Hungary on Wednesday hiked rates by 300 basis points to 11.5% on Wednesday after the forint's slump against the euro intensified.
ECB's Bini Smaghi pans US for Lehman collapse
A top European Central Bank (ECB) official has condemned Washington's decision to let Lehman Brothers, a now-defunct investment bank, go bust last month.
First global summit set for 15 November
Leaders from the Group of 20 countries will gather in Washington DC on 15 November to discuss the global financial crisis and the world economy, the White House said on Wednesday.
Minneapolis Fed sheds light on crisis myths
Four widely-held beliefs about the financial crisis of 2008 are false, research from the Minneapolis Federal Reserve finds.