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Former NY Fed chief to author report on crunch
Gerry Corrigan, a former head of the New York Federal Reserve now a managing director at Goldman Sachs, an investment bank, is to lead a study on the current turmoil.
Indian inflation "unacceptably high": Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, has said that the institution is ready to act on inflation, which hit a fresh three-year high at the end of March.
Basel Committee announces reform plans
The Basel Committee on Banking Supervision is set to revise elements of its Basel II framework as part of a raft of measures aimed at enhancing stability in the wake of the subprime turmoil.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Central Bank of Sri Lanka - Annual Report 2007
Sri Lanka's economy grew by 6.8% in 2007, spurred by a buoyant manufacturing sector.
Israel Economic Review - April 2008 edition
The Bank of Israel has published the latest edition of its Israel Economic Review, a twice-yearly journal covering a range of subjects relevant to the country's economy.
EU open to sovereign wealth funds
Europe is, and wants to remain, open to sovereign wealth fund investments, said David Wright, a deputy director general, DG internal markets and services, at the European Commission.
Australia hints at cuts later in 2008
Though the Reserve Bank of Australia opted to leave rates at a 12-year high of 7.25% last month, minutes published on Tuesday signalled that it could make cuts later this year.
Private sector must revive its central role
US credit markets will only begin to recover once the private sector reclaims its role in providing liquidity from the Federal Reserve, Kevin Warsh, a governor at the central bank, predicted.
Fiji central bank doubles profit
The Reserve Bank of Fiji made a profit of over F$20m ($13.4m) last year, almost double the amount made in 2006.
China's Zhou hints at further hikes
Zhou Xiaochuan, the head of the People's Bank of China, signalled that the central bank was set to make its seventh successive rate hike.
Carney comments indicate Canadian rates to fall
Expectations of further rate cuts in Canada rose on the back of comments made by Mark Carney, the governor of the central bank.
Little demand for BoE cash
Bids for £15 billion-worth ($29.4 billion) of three-month loans from the Bank of England only just exceeded the amount on offer in spite of strong tensions in sterling interbank markets.
SWF to manage India's FX reserves?
Part of India's foreign exchange reserves, owned by the central bank, could be better managed by a sovereign wealth fund, Y.V Reddy, the governor of the Reserve Bank of India, said on Monday.
Serbia's Jelasic praises SEPA
The Single Euro Payments Area (SEPA), a eurozone-wide payments initiative, is an excellent example of how technology can be used to facilitate development of the financial sector, said Radovan Jelasic, the governor of the National Bank of Serbia.
Bank of Canada on housing market volatility
Better access to global financial markets exacerbates the peaks and troughs of business cycles for the housing industry, research published by the Bank of Canada shows.
BoE on how to reduce systemic risk
The Bank of England has published a paper looking at how the structure of financial systems affects systemic risk.
Policy stance remains appropriate: BoJ minutes
Japanese policymakers remain keen to raise rates in spite of a slowdown in the world's second-largest economy, minutes of the March Monetary Policy Council meeting reveal.
Eurozone must avoid price spiral: France's Noyer
Christian Noyer, the governor of Banque de France, warned policymakers that the current wave of above-target inflation must not lead to a price and wage spiral.
Factory-gate inflation rise compounds BoE's woe
Producer prices in the UK leapt to 6.2% for the year to March, the highest rate since 1991.
Israel puts plastic notes into circulation
The Bank of Israel on Sunday introduced its first polymer banknote.
Kenya calls on bankers to disclose loan costs
The Central Bank of Kenya is to ask banks to provide a greater deal of clarity on borrowing costs.
G7 backs FSF recommendations
Central bank governors and finance ministers from seven of the world's leading economies have welcomed the Financial Stability Forum's (FSF) regulatory response to the credit crunch and are set to implement several of its recommendations by the end of…
Canada monitoring credit conditions
The Bank of Canada is looking at the impact of the unusually wide credit spreads, prevalent in the country's money markets since the summer, on financial stability, inflation and monetary policy, said David Longworth, a deputy governor at the central…