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Japan maintains 0.5% target as Fukui steps down
The Bank of Japan opted to keep rates on hold for the 15th straight vote.
Brazil bank robber gets 49 years
The leader of a gang that stole $67.8m from the Central Bank of Brazil has been sentenced to almost half a century in jail.
Japanese government backs Muto for governor
Yasuo Fukuda, Japan's prime minister, on Friday 7 March nominated deputy governor Toshiro Muto to replace Toshihiko Fukui at the helm of the central bank despite fears that the country's main opposition party will reject the nomination.
Fed to add funds as liquidity pressures re-emerge
The Federal Reserve is set to pledge up to $140 billion in extra funds in a bid to soothe the third wave of rising money market tensions since August.
Fed's Mishkin on economic outlook
Frederic Mishkin, a governor of the Federal Reserve, expects a period of economic weakness in the near term that should be offset in future quarters by the monetary easing already in place and the fiscal stimulus package.
Kohn on Fed's recent regulatory initiatives
The Fed and other banking agencies have encouraged mortgage lenders to pursue prudent loan workouts in order to help struggling homeowners, said Donald Kohn, the vice chairman of the central bank.
Majority of US districts experienced slowdown
The latest edition of the Beige Book reveals two-thirds of regional Federal Reserves reported a softening in the pace of business activity in the first quarter.
Price-level-path targeting would suit Canada
Simple price-level-path targeting performs slightly better than simple inflation targeting when the Canadian economy is confronted by shocks, states a new Bank of Canada research.
New Zealand holds rates at 8.25%
The Reserve Bank of New Zealand kept rates unchanged for the seventh straight month.
Morocco set to fast-track FX reform
Abdellatif Jouahri, the governor of the Central Bank of Morocco, has hinted that the dirham could move to a floating exchange rate regime early than previously thought.
ECB reveals executive board salaries
In keeping with their inflation-fighting mandate, senior staff at the ECB gave themselves a 2% pay rise last year.
UK business leader warns against rushing reform
The British authorities must beware of hurrying through seismic supervisory changes in the wake of the run on Northern Rock, the head of the UK's biggest business lobby has warned.
Near-term cut unlikely as ECB takes neutral tone
Jean-Claude Trichet, the president of the European Central Bank (ECB), signalled that the governing council is unlikely to back a rate cut in the coming months.
BoE holds rates at 5.25%
The Bank of England has opted to keep rates on hold, as expected, following last month's cut and relatively favourable data on growth.
RBA's Debelle on bond market
Australian banks, having sound balance sheets, have been able to maintain their pre-crisis pace of bond issuance and have continued to directly access wholesale funding throughout the recent period of turmoil, said Guy Debelle, an assistant governor at…
Money growth data helps predict inflation
Money growth statistics can be used to more accurately forecast inflation in the euro area, a new International Monetary Fund paper finds.
Liquidity cooperation essential: Japan's Fukui
Given the increase in the volume and complexity of cross-border flows of funds, coordination among central banks in liquidity provision is essential, said Toshihiko Fukui, the governor of the Bank of Japan.
Credit crunch set to hamper US lending
US growth could fall by up to 1.5 percentage points over the next year as a result of tighter borrowing conditions, a report prepared for the US Monetary Policy Forum has found. The report also estimates the losses on mortgage securities will total $400…
UK government attacked for dithering on Rock sale
The UK government came in for more criticism over its handling of the Northern Rock crisis on Wednesday 5 March, when Peter Hitchens, the leader of PricewaterhouseCoopers's UK banking and capital markets practice, said it had wasted a lot of time…
Czech's Tuma predicts currency depreciation
Zdenek Tuma, the governor of the Czech National Bank, has said that he expects recent gains in the koruna to be corrected.
Interbank rates creep up in Europe
Money market tensions are showing signs of re-emergence, with interbank rates hitting levels not seen since mid-January for euro and sterling borrowing.
Bank Indonesia investigation officer arrested
Indonesian anti-corruption officials have arrested a prosecutor investigating allegations of misuse of central bank funds on suspicion of bribery.
EU's Barroso notes concern over euro's strength
Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.