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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.
Limiting foreclosures essential: Bernanke
Ben Bernanke, the chairman of the Federal Reserve, has called on both the public and private sector to do everything they can to limit preventable mortgage foreclosures.
What the IMF can learn from central banks
The International Monetary Fund (IMF) should follow the example of central banks in reforming its governance framework, research published by the Bank of Canada argues.
Romania hikes for fourth-straight month
The National Bank of Romania has hiked rates by a quarter-point to a fresh three-year high despite the central bank's governor claiming less than a fortnight ago that rates were high enough.
World Bank appoints SA anti-corruption head
Leonard McCarthy, the chief of South Africa's highly-regarded anti-corruption unit, will head the World Bank's institutional integrity department.
Russia dismisses rouble speculation
The Central Bank of Russia moved to quash rumours of a revaluation of the rouble on Tuesday.
Fed moves to protect borrowers
The Federal Reserve has proposed a raft of measures to clamp down on unscrupulous lenders and strengthen consumer rights.
Greece's Garganas to step down
Nicholas Garganas, the governor of the Bank of Greece, will retire when his first term ends in June.
Turkey to review inflation target
The Central Bank of Turkey will consider revising its inflation target towards the end of this year, the minutes of its April rate-setting meeting show.
Capital controls can serve as liquidity buffers
Reserve requirements can be used to prevent the occurrence of a bank run by maintaining adequate levels of liquidity, according to a new International Monetary Fund paper.
Jordan on the Swiss outlook
The outlook for Switzerland's economy remains good, stated Thomas Jordan, a member of the governing board of the Swiss National Bank.
Iceland's banks are strong: Fridriksson
Icelandic banks are expected to have performed relatively well in the first quarter of the year, said Ingimundur Fridriksson, the governor of the Central Bank of Iceland.
A book launch to remember
One of those events that London does so well took place Thursday, 1 May, at the London School of Economics (LSE) where there was a short debate and a longer drinks party to launch 'Global Financial Regulation - The Essential Guide', written by Howard…
Fund directors lead exodus
The International Monetary Fund has conducted the first in a series of directorial reshuffles after six senior managers opted for voluntary redundancy.
SNB blames Q1 loss on FX markets
The appreciation of the Swiss franc has led the country's central bank to incur a Sfr3.97 billion ($3.76 billion) loss in the first quarter of 2008.
Group set up to work on SWF code
Sovereign wealth funds and International Monetary Fund officials have set up a working group to design a voluntary code of conduct due out later this year.
Central banks announce third wave of joint action
In a clear message that the credit crisis is far from over, three leading central banks announced a further series of liquidity injections in a bid to restore money market spreads to normal levels.