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Eurozone banks toughen lending standards
Borrowing across the eurozone became harder for both the region's businesses and consumers in the three months to March, the latest European Central Bank lending survey reveals.
Turkey appoints new deputy
Mustafa Ibrahim Turhan, a board member of the Central Bank of Turkey, will become one of four of the institution's deputies.
Don't stall on euro decision: ex-CNB deputy
Ludek Niedermayer, a former deputy governor at the Czech National Bank, has warned the government against pursuing a wait-and-see strategy on joining the eurozone, describing such behaviour as "a little bit cowardly".
Padoa-Schioppa resigns from IMF role
Tomasso Padoa-Schioppa quit on Friday as chairman of its International Monetary and Final Committee.
UK parliament gives King the thumbs up
Mervyn King has fulfilled his responsibilities as governor of the Bank of England very well during his first term and deserves to serve for a further five years, an influential group of UK lawmakers has said.
IMF programmes improve governance, says Fund
Successful implementation of International Monetary Fund programmes results in improvements in the quality of economic governance, research published by the Fund states.
Charge for payment services, says Norway's Gjedrem
Offering payment services for free is not in bank customers' best interests, Svein Gjedrem, the governor of the Bank of Norway, warned.
Spain's Ordoez on emerging markets
One of the most surprising features of the recent turmoil is the resilience of most emerging market economies, said Miguel Fernandez Ordoez, the governor of the Bank of Spain.
RBA's Broadbent wins third term
Jillian Broadbent, the only woman on the Reserve Bank of Australia's nine-strong rate-setting board, is to serve a third five-year term.
Bernanke wants Fed to pay interest on reserves
Ben Bernanke, the chairman of the Federal Reserve, wants to pay interest on banks' reserves to stop interbank charges falling below the federal funds rate.
Rock run calls for greater role: ex-Bank deputy
Andrew Large, a former deputy governor at the Bank of England, has urged government to grant more power to the Bank in the wake of the Northern Rock run.
Price instability demands attention: IMF's Lipsky
Central bankers must monitor the recent wave of inflation, which threatens to undermine prospects for restoring the favourable economic climate of recent years, John Lipsky, the International Monetary Fund's first deputy managing director, warned.
ECB and BoE leave rates unchanged
As was widely expected, both the European Central Bank (ECB) and the Bank of England left rates on hold on Thursday.
Federal Reserve - Annual Report 2007
Policymakers expect US inflation to moderate in 2008 and 2009, with expectations remaining reasonably well anchored in spite of the recent pick-up in price growth, the Fed's annual report states.
HKMA's Pang commends SMEs
Small- and medium-sized enterprises play a vital role in the economic growth of developing countries, Peter Pang, a deputy chief executive of the Hong Kong Monetary Authority, said.
Fed has little control over rates
The Fed's ability to control short-term interest rates may be greatly exaggerated, research published by the St Louis Fed suggests.
Challenging idols won't win fans: Fed's Hoenig
Regulatory reform is likely to prove a desperately unpopular task for the Federal Reserve, Thomas Hoenig, the president of the Kansas City Fed, noted.
Zimbabwe prints Z$250m note
The Reserve Bank of Zimbabwe will circulate two notes worth Z$100m and Z$250m in an attempt to limit the impact of hyperinflation.
BIS starts Americas council
The Bank for International Settlements (BIS) has established a forum aimed at facilitating debate between the Basel-based institution and policymakers in the Americas.
NZ eases rules to ward off turmoil
The Reserve Bank of New Zealand has relaxed its collateral rules as a precaution against further tumult in global financial markets.
Austria names new governor
Ewald Nowotny, a former chief executive of BAWAG, an Austrian Bank, is to replace Klaus Liebscher, at the helm of the country's central bank.
Slovakia to join eurozone in 2009
Slovakia is set to become the 16th member of the eurozone despite concerns at the European Central Bank that inflation in the country could rise steeply.
Money and banking in PNG - new edition
The Bank of Papua New Guinea has published the second edition of its book on money and banking in the country.
Barbados - Q1 review
Boosted by a rebound in tourism activity and a moderate expansion in manufacturing output, the Barbadian economy performed well in the first quarter of the year.