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Koruna's climb hampering economy: CNB officials
Zdenek Tuma, the governor of the Czech National Bank, and Mojmir Hampl, a member of the central bank's rate-setting board, have warned that the appreciation of the koruna is damaging the country's economy, prompting speculation that the central bank will…
New Zealand surprises with rate cut
The Reserve Bank of New Zealand on Thursday cut the benchmark official cash rate a quarter point to 8%.
Ecuador's central bank chief quits
Robert Andrade, the president of the Central Bank of Ecuador, has resigned after less than five months in charge.
Japan faces fragile loan demand
Loan demand from Japanese firms worsened significantly from April to July and reached the lowest level since July 2004, according to the Bank of Japan's quarterly opinion survey of senior loan officials.
Fed's TAF is effective
The Federal Reserve's Term Auction Facility (TAF) helped ease conditions in money markets, finds a new paper from the Federal Reserve Bank of New York.
Israel's Fischer praises bank fees reform
A recent reform of bank fees will increase competition and lower the costs for customers, said Stanley Fischer, the governor of the Bank of Israel.
Case for covert special liquidity support opaque
Michael Foot, a former executive director for supervision at the Bank of England, weighs up the pros and cons of allowing the Bank of England to lend in secret.
BoE MPC split three ways on July vote
The scale of the Bank of England's monetary-policy dilemma was underlined on Wednesday when the minutes of the July rate-setting meeting revealed a three-way split.
Dollar depreciation reflects value: IMF's Lipsky
The dollar is now the closest to its medium-term equilibrium value it has been in a decade and is set to remain the global reserve currency, said John Lipsky, the first deputy managing director of the International Monetary Fund.
SWF report from State Street
The latest report from State Street Corporation, a provider of financial services to institutional investors, assesses the impact of sovereign wealth funds (SWFs) on the global economy. Currently State Street estimates that SWFs have about $3 trillion in…
EU imposes sanctions on Zimbabwe
Gideon Gono, the governor of the Reserve Bank of Zimbabwe is barred from the European Union (EU).
Two regional Feds pushed for discount rate rise
Directors of two regional Federal Reserves called for a quarter-point increase to the discount rate last month, it emerged Tuesday.
Boston Fed hires stadium for home-loan class
The scale of the problem in US mortgages has been illustrated by the Boston Federal Reserve holding a workshop for struggling homeowners at the stadium of the New England Patriots, an American football team.
Basel Committee issues revised Basel II rules
The Basel Committee on Banking Supervision has issued proposals aimed at better aligning Basel II's capital requirements with banks' risk profile.
Witnesses say BI official misappropriated funds
Former members of Bank Indonesia's board of governors have said that one of the senior former central bank officials facing graft charges did misuse public funds.
Zimbabwe introduces Z$100 billion note
The Reserve Bank of Zimbabwe on Monday began circulating a Z$100 billion note.
FSA pushes for covert Bank support
The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.
Independent central bank vs myopic government
A new paper published by the International Monetary Fund analyses a series of games between a benevolent central bank and a myopic government in a New Keynesian model.
Solomon Islands - Annual Report 2007
Rick Hou, the governor of the Central Bank of the Solomon Islands, highlighted 11 policy issues and challenges in his remarks on the central bank's latest Annual Report.
Inflation in industrial countries "global"
A new paper published by the Chicago Federal Reserve shows that inflation in industrialised countries is largely a global phenomenon.
Bank of Italy - Annual Report 2007
The Bank of Italy's latest Annual Report spells out the central bank's plans for reorganising its head office, branch network and representative offices.
Ireland to watch fiscal budget
The slowing of growth coupled with the risks facing the economy presents significant issues for fiscal policy, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.
Southern Africa: regional cooperation vital
Regional integration that enhances economic growth is a vital objective of Southern African governments, said Xolile Guma, a deputy governor of the South African Reserve Bank.
Turkish industry's response to competition
Turkish manufacturers reacted to intensive trade competition from low-cost countries and substantial exchange-rate fluctuations during the last decade with increased productivity, product differentiation and wage growth moderation, says a new paper from…