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Nobel laureate foresees dollar crisis
The value of the greenback could collapse within the next five years without reform of the global monetary system, Robert Mundell, a Nobel Prize-winning economist, has said.
Bank holds rates as expected
The Bank of England left its key rate at 5% for the second straight month on Tuesday.
Chinese fund to invest $7.4bn in private equity
A Chinese sovereign fund could invest as much as $7.4 billion in the private equity industry.
Ikeo gets the nod as Japanese opposition folds
Kazuhito Ikeo, an economics professor, will join the Bank of Japan's Monetary Policy Council after the country's main opposition party decided to revoke its earlier rejection of his nomination.
Trichet steps up inflation rhetoric, hints at hike
Jean-Claude Trichet, the president of the European Central Bank, indicated that the institution's governing council could raise rates as soon as next month despite continuing turmoil in financial markets.
NY Fed analyses large-value payments trends
The evolution of central bank policies is one of the main forces behind changes in large-value payment systems, research published by the New York Federal Reserve finds.
Riksbank notes rise in stability risks
Global financial market uncertainty and the risk of a pronounced economic dip have made the Swedish banking sector more vulnerable, though the industry remains financially strong, the Riksbank said in its latest Financial Stability Report.
Tough rules have aided Spanish banks: Ordoez
The Bank of Spain's approach to supervision helped ensure that the recent global financial turmoil had limited impact on the country's banking sector, Miguel Fernandez Ordoez, the governor of the central bank, said.
OMOs have contributed to calm: Japan's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, praised the flexibility of the central bank's money market operations, which had contributed to the relative stability of the country's short-term funding market.
We'll miss price target: Sri Lanka's Weerasinghe
The Central Bank of Sri Lanka's chief economist acknowledged on Wednesday that inflation would exceed its target range this year.
Don't rely on rand depreciation: SA's Mboweni
Tito Mboweni, the governor of the South African Reserve Bank, has told exporters that they should not base their competitiveness on the rand's value.
Swiss inflation soars to 15-year high
Inflation in Switzerland shot up to 2.9% in the year to May, its highest level since 1993, data published on Tuesday revealed.
Central bankers want action on contagion threat
An influential group of central bankers has urged authorities and the payments industry to tackle the risks presented by the links between systems.
Turkey forced to revise inflation target
The Central Bank of Turkey has admitted defeat over plans to reach its proposed 4% inflation target in the medium term.
India's Thorat on the limits of financial literacy
Financial literacy can lead to informed and responsible consumers, but it cannot by itself ensure consumer protection, said Usha Thorat, a deputy governor at the Reserve Bank of India.
SA Mboweni voices agflation fears
Agflation has serious implications for South Africa's poor and unemployed, Tito Mboweni, the governor of the country's Reserve Bank, stressed.
Turbulence hits Norwegian banks
Norwegian banks face tougher conditions as a result of the considerable turbulence in global money and credit markets, the country's central bank noted in its latest Financial Stability Review.
Boston Fed's subprime facts
The Boston Federal Reserve's research into subprime mortgages has so far uncovered seven facts relating to the crisis.
Sri Lanka waives ban on foreign accounts
The Central Bank of Sri Lanka will allow foreigners to open accounts with the country's commercial banks in a bid to close the domestic savings gap and foster growth.
Turkish inflation back in double digits
The Central Bank of Turkey looks set to hike rates again after inflation rocketed to 10.74% in the year to May, up from 9.25% the previous month.
Inflation target appropriate: Hungary's Simor
Andras Simor, the governor of the National Bank of Hungary, has defended the central bank's 3% inflation target in the face of political opposition.
Nigeria acts to counter likely inflationary surge
The Central Bank of Nigeria has raised rates and its cash requirement ratio on concerns that inflation could soar in the coming months.
Bernanke hints at June rate hold
The Federal Open Market Committee's (FOMC) rate-slashing cycle, which has seen rates fall by 325 basis points since September, looks to be at an end.
Incentives the root cause of the crunch
Perverse incentives were the major cause of the current turmoil and changing those incentives will be the solution, an article published by the International Monetary Fund notes.