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RBI deputy on financial sector consolidation
An increasing number of India's private sector banks are now deciding to merge with one another, Shri Leedladhar, a deputy governor at the Reserve Bank of India, noted.
Turkish inflation to exceed target this year
Turkish inflation is likely to be above the central bank's 4% target in 2008 unless there is a drastic slowdown in agflation.
Bourse trends in Russia and China investigated
Russian stock markets have become more integrated with global exchanges in the past decade than their Chinese counterparts, research published by the Bank of Finland finds.
Fed's Plosser on the benefits of education
Education is critical to the long-run well-being of our economy and everyone who participates in it, said Charles Plosser, the president of the Philadelphia Federal Reserve.
Mexico holds rates at 7.5%
The Bank of Mexico kept its benchmark one-day interbank rate at 7.5% for the sixth-straight month despite expectations that the US slowdown would impact Mexican growth.
RBA oultines changes for payment system
The Reserve Bank of Australia has announced a raft of recommendations for the country's payments systems industry aimed at enhancing competition.
Italy's likely finance minister knocks FSF plans
Giulio Tremonti, an Italian politician set to become the country's next economy minister, has claimed that the Financial Stability Forum's regulatory response to the subprime crisis is too lax.
Europe set for slowdown: IMF
The International Monetary Fund (IMF) expects the oft-repeated maxim that "if the US economy sneezes, the rest of the world catches a cold" will hold as far as Europe is concerned.
BoE brokers MBS swap to ease tensions
The Bank of England will swap mortgage-backed securities for government bonds in a move which the Bank expects to generate £50 billion ($100 billion) worth of borrowing.
Dallas Federal Reserve - Annual Report 2007
Turning away from globalisation's call risks squandering a golden opportunity, writes Richard Fisher, the president of the Dallas Federal Reserve, in his opening letter at the start of the institution's 2007 annual report.
Bank of Finland - Annual Report 2007
The Bank of Finland proposed a merger of the finance and insurance sectors' regulatory authorities in 2007.
Chief economist underlines BoE's "tricky" task
The juxtaposition of the recent shocks to both inflation and growth makes the task of the Bank of England's Monetary Policy Committee particularly tricky, Charlie Bean, the Bank's chief economist, noted.
ECB Monthly Bulletin - April 2008
The latest edition of the European Central Bank's Monthly Bulletin argues that recent movements in bond markets that appear to indicate a pick up in euro-area inflation expectations, are misleading.
Stop the press: ex-CNB deputy joins Czech weekly
Ludek Niedermayer, a former deputy governor at the Czech National Bank, is to work with Respekt, a weekly newspaper.
Fed dissenter warns against "inflation remedy"
Richard Fisher, the president of the Dallas Federal Reserve and a voting member of the Federal Open Market Committee (FOMC), has said that he remains strongly reluctant to cut rates.
Buba's Weber paves way for rate hike
Axel Weber, the president of the Bundesbank, has said that the European Central Bank (ECB) must "act with determination" if the recent rise in inflation begins to impact wage settlements.
Turkey holds rates, signals tightening
The Central Bank of Turkey held rates for the second-straight month on Thursday but indicated that it was more likely to raise, than reduce, borrowing costs in May.
Fed's Kohn calls for tighter regulation
A relaxation in banking supervision has contributed to the current turmoil by altering the nature of risk, Donald Kohn, the vice-chairman of the Federal Reserve, said in a call to strengthen rules for investment banks.
Russian state banks perform better than rivals
Domestic private banks are less efficient than their public-sector counterparts, research published by the Bank of Finland finds.
India's Reddy on the global economy
The Reserve Bank of India is optimistic that the country's mutually beneficial relationship with the global economy will continue, Y.V. Reddy, the governor of the central bank, said.
Trichet on the euro's success
A high level of central bank credibility has ensured that the creation of the euro has been a success story, Jean-Claude Trichet, the president of the European Central Bank (ECB), said.
Latest Beige Book makes grim reading
The April edition of the Federal Reserve's Beige Book, a summation of economic conditions in the US based on reports from the 12 regional Feds, signals that events in the financial markets are beginning to have a marked impact on the real economy.
BoE names former economist as communications head
Jenny Scott, a BBC journalist and former Bank of England economist, is to become the Bank's director of communications in June.
China raises reserve ratio
The People's Bank of China made a fresh bid to slow the country's overheating economy on Thursday, raising its reserve requirement ratio for the third time this year.