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Markets "far from normal": Fed
Ben Bernanke, the chairman of the Federal Reserve, has stressed that "conditions in financial markets are still far from normal", although liquidity in several market segments has improved and the central bank's interventions have helped to relieve…
Poland keeps an eye on growth
The National Bank of Poland decided to keep the key interest rates unchanged after a notion of a 25 basis points rise did not pass, the minutes of the April monetary policy council meeting show.
TAF successful in liquidity provision
The Federal Reserve's Term Auction Facility (TAF) is relieving the liquidity concerns and lowering liquidity premiums in the inter-bank money market, a new paper by the Federal Reserve Bank of Dallas finds.
Fischer wants financial supervision
The current turmoil shows that the involvement of the central bank in the supervision of financial institutions should be extended and enhanced, said Stanley Fischer, the governor of the Bank of Israel.
Repeat of 2001 crisis impossible, says Redrado
Martin Redrado, the governor of the Central Bank of Argentina, says that the country's economy is strong enough to avoid a repeat of the crippling crisis it experienced in 2001.
Trichet still sees "accumulation of shocks"
Jean-Claude Trichet, the president of the European Central Bank (ECB) said in an interview with L'Express, a French magazine, current market conditions amount to "an accumulation of shocks that is clearly not over."
Mboweni talks tough on rates
Tito Mboweni, the governor of the South African Reserve Bank, said that the central bank's monetary policy committee has discussed the impact of a 200-basis-point hike.
Internal audit pans IMF governance
The Independent Evaluation office (IEO), the internal audit unit of the International Monetary Fund (IMF) has published a strongly critical report on the Fund's governance and called for "major changes".
Lord Turner new FSA chairman
Alistair Darling, the British chancellor of the exchequer, has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of 5 years.
Fed's Mishkin to step down
Frederic Mishkin, a member of the Board of Governor of the Federal Reserve, will leave the central bank at the end of August to return to academic life.
The role of central banks in financial stability
At a time when many governments and central banks are struggling to distil the key lessons of the crisis, one of the main finding is that the central bank needs the appropriate powers if it is to assume responsibility for systemic financial stability.
Poland leaves rates unchanged
The ten-strong rate setting council of the National Bank of Poland voted to keep its reference rate at 5.75% as inflation fell but remained above target.
Norway holds rates as inflation creeps up
Norway's central bank kept its policy rate at 5.5% in the face of above-target inflation, concerns over continued market turbulence and signs of slowing growth.
Brazilian SWF: on or not?
The status of the Brazilian plans to establish a sovereign wealth fund has become clouded following reports of conflicting views in the government.
Fund confirms Blanchard appointment
Amidst the departure of several high-ranking staff, the International Monetary Fund has announced the appointment of Olivier Blanchard, the highly respected professor from the Massachusetts Institute of Technology (MIT), as its new chief economist and…
SWF task force touches down in Middle East
A task force of the United States Congress, charged with gaining more insight into sovereign wealth funds, has touched down in the Middle East and is visiting a number of the region's funds.
IMF paper on the choice of currency anchor
The determination of a country's currency anchor depends mainly on the main trading partners' choice of currency anchor, a new paper by the International Monetary Fund finds.
Krona's rise eats into Norges Bank's balance sheet
Norges Bank made a loss of NOK 17.6billion ($3.5 billion) in 2007 compared with a profit of NOK 5.5billion ($1.1 billion) in the previous year, the central bank's annual report reveals.
BoJ: risks to global growth keeps rate on hold
Downside risks to global growth have increased due to continuing disruptions in global financial markets and sluggish growth in the United States, according to minutes of the Bank of Japan's Monetary Policy Council meeting in April.
Kroszner on Basel II
The recent turmoil in financial markets has highlighted the need for risk management improvements and the lessons from the crisis should help supervisors to further increase the effectiveness of the Basel II framework, said Randall Kroszner, a governor…
RBA suggests settlement system improvements
The Reserve Bank of Australia has unveiled a series of recommendations aimed at improving the settlement process of, and broader market functioning for, Australian equities.
IMF urges central bankers to hike rates
Policymakers would be better off reacting to the recent surge in commodity prices by raising rates, new research published by the International Monetary Fund states.
Czech National Bank - Annual Report 2007
Zdenek Tuma, the governor of the Czech National Bank, has described the past year as an economic success in the institution's latest annual report.
IMF financing model becoming unsuitable
International Monetary Fund financing is increasingly unlikely to be sufficient to meet the demands of its higher-risk members, research published by the Bank of England finds.