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South African inflation hits record high
South African inflation accelerated to 13.6% in the year to August, the highest level since the government began to compile the data in 1998.
Banks favour Frankfurt for dollar auctions
Results of the European Central Bank's (ECB) and Bank of England's dollar auctions indicate the Frankfurt-based institution's operations are attracting more bids because of its more lenient collateral rules.
More banks will fail if we don't act: Paulson
Ben Bernanke, the chairman of the Federal Reserve, and Hank Paulson, the US Treasury secretary, have told lawmakers that a failure to rush through proposals for the purchase of up to $700 billion-worth of distressed assets would cripple the US economy.
BoJ: money markets still edgy
Global money markets remained nervous in the first half of 2008, according to the newest financial markets report from the Bank of Japan.
Asia needs tightening
There may not be a meaningful reduction in inflation rates without policy tightening in Asian economies, finds new research from the Hong Kong Monetary Authority.
Denmark forced to back up second bank
The National Bank of Denmark has provided emergency liquidity to another of the country's banks, it emerged Monday.
Sweden takes "precautionary" payments measure
The Riksbank has relaxed collateral rules for transactions through its RIX payments system as a precaution against money and bond market stress.
UAE launches emergency facility
The Central Bank of the United Arab Emirates on Monday became the latest monetary institution to inject funds to alleviate interbank tensions, pledging Dh50 billion ($13.6 billion).
Tehran ousts central bank governor
Mahmoud Ahmadinejad, Iran's president, has sacked Tahmasb Mazaheri, the governor of the country's central bank, after just 12 months in charge, state media reports.
Goldmans, MS abandon model, seek Fed shelter
And then there were none. Goldman Sachs and Morgan Stanley, the last of the big five Wall Street investment banks, have abandoned their business model to secure greater Fed protection and soothe negative market sentiment.
Finland advocates price-level targeting
A new paper published by the Bank of Finland makes the case for moving to price-level targeting.
Bank of England's September minutes
The minutes from the September meeting of the Monetary Policy Committee show most members judged maintaining the current rate necessary to bring inflation back to target.
Reserve Bank of Australia - Annual Report 2007
The sound position of local banks was a major source of strength for the Australian financial system during last year, said Glenn Stevens, the governor of the Reserve Bank of Australia, in the foreword the central bank's latest Annual Report.
FDIC's Bair: foreclosures impact whole economy
Minimising foreclosures is important to the broader effort to stabilise global financial markets and the US economy, said Sheila Bair, the chairman of the Federal Deposit Insurance Corporation (FDIC).
RBA's Stevens: monetary policy and booms
The proposition that monetary policy should lean against asset price and credit booms is up for discussion again, said Glenn Stevens, the governor of the Reserve Bank of Australia.
Thailand can weather the storm
Thailand's banks are strong enough to weather the current global turmoil, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.
Mboweni: reserve growth must go on
The central bank does not regard the current level of foreign exchange reserves as excessive, given the economy's high current-account deficit, said Tito Mboweni, the governor of the South African Reserve Bank.
Impact of new economic data on markets
A new paper by the New York Fed investigates how the issuance of new economic data influences asset prices in the stock, bond and foreign exchange markets.
Bank rescue - or protection racket?
Will 19 September 2008 go down in history as a day when wise and courageous politicians took the steps necessary to rescue the global banking system, or as the last throw of the dice? Maybe neither of these - maybe it will be remembered just as another…