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Reserve Bank of India - Annual Report 2007-2008
Although growth moderated marginally, the year to June 2008 was the third year in succession in which the Indian economy expanded by 9% or more, the Reserve Bank of India states in its latest Annual Report.
Sri Lanka's Wijewardena on turbulent times
In uncertain economic environments, it is even more important that central bankers function consistently and firmly, without fear or favour, notes W.A. Wijewardena, a deputy governor at the Central Bank of Sri Lanka.
Fed will shun Mishkin's call for explicit goal
Despite Frederic Mishkin's rigorous advocation, much stands in the way of the departing governor's wish for the Fed to adopt an explicit inflation goal. But it may not need to, writes Claire Jones, the editor of Central Bank News.
Fed's Kroszner dismisses decoupling
The recent turmoil has served to reaffirm the adage that when the US sneezes the rest of the world catches a cold, a senior Federal Reserve official has argued.
Georgia acts on liquidity shift
The National Bank of Georgia has altered the way in which it pumps funds into the banking system on the back of changes in liquidity conditions.
EU central banks to devise reform agenda for Serbi
Eighteen European Union (EU) central banks are to collaborate on a report to determine the future strategy of the National Bank of Serbia.
SARB to clarify Mboweni's mixed messages on future
The South African Reserve Bank will attempt to set the record straight on Tito Mboweni's future on Tuesday after the governor appeared to contradict himself on his plans for a third term in an interview given over the weekend.
Delhi defies expectations, names new governor
Delhi has named Duvvuri Subbarao, a finance secretary, the new governor of the country's central bank, confounding expectations of a second term for the incumbent Y.V. Reddy.
Central Bank of Cyprus - Annual Report 2007
Cyprus's successful euro accession was the culmination of the collective efforts of the country's finance ministry and central bank, notes Athanasios Orphanides, the governor of the Central Bank of Cyprus, in his foreword to the institution's latest…
IMF's Lipsky on the benefits of transparency
The benefits of central bank transparency should be remembered despite some drawbacks, said John Lipsky, the first deputy managing director of the International Monetary Fund.
An agent-based model of payment systems
A new research paper by the Bank of England lays out a multi-agent, multi-period model of a Real-Time-Gross-Settlement system.
Rate cuts alone can't combat crunch: Draghi
Monetary policy cannot be the only, or even the main tool, for reflating the economy and the financial system, said Mario Draghi, the governor of the Bank of Italy.
Japan inflation hits highest level for a decade
Japanese annual inflation jumped 2.4% in July, up from 1.9% in June.
Indian growth slows
The Indian economy grew by an annual rate of 7.9% in the second quarter, the slowest rate of growth in more than three years, and down from the 9.2% expansion registered in the second quarter of 2007.
Czech's Tuma taciturn on koruna's slump
Zdenek Tuma, the governor of the Czech National Bank (CNB), has said he sees "no need to comment" on recent fluctuations in the value of the koruna against the euro.
BoE's Blanchflower steps up call for cuts
David Blanchflower, a member of the Bank of England's monetary policy committee (MPC), issued an apocalyptic forecast about Britain's economic prospects, and urged immediate interest rate cuts of at least 25 basis points to prevent the country falling…
Chile's De Gregorio hints at further hikes
Jose de Gregorio, the president of the Central Bank of Chile, warned that its key rate, now at a ten-year high, is likely to become steeper still.
Bear bust led to dollar-support plans - report
The financial authorities in Frankfurt, Washington and Tokyo considered joint action to stabilise the falling dollar, a leading Japanese business newspaper has reported.
ECB's Weber signals little support for cuts
Inflation fears could undermine prospects of lower eurozone interest rates, Axel Weber, the president of the Bundesbank and a member of the ECB's Governing Council, indicated.
Quarterly US growth revised to 3.3%
Strong export performance, aided by the weak dollar, and less inventory liquidation led to stronger-than-expected US growth in the three months to June.
ECB's Weber: don't talk up recession threat
There is no reason to talk recession dangers into happening, said Axel Weber, the president of the Bundesbank.
T&T's Williams: Caribbean proving resilient
Enhancements to the Caribbean's financial sector have insulated the region from the fallout of the credit crisis, said Ewart Williams, the governor of the Central Bank of Trinidad and Tobago.
Malta - Quarterly Review
A slump in Maltese exports in the first quarter of 2008 had a negative impact on growth, the latest Quarterly Review from the Central Bank of Malta, published in August, states.
Divorcing money from monetary policy
By paying interest on reserve balances at the central bank's target interest rate, a central bank can increase the supply of reserves without driving market interest rates below its target, says a new paper from the New York Federal Reserve.