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World Bank poll less pessimistic than IMF outlook
Financial turmoil is likely to have a relatively small impact on the global outlook, the World Bank's optimistic Global Economic Prospects finds.
Chile holds rates at 6.25%
Concern regarding the global outlook has prompted the Central Bank of Chile to leave rates unchanged in spite of concern over inflation.
Punchbowl didn't need re-spiking: Fed's Fisher
Using a barrel of alcohol-related comparisons, Richard Fisher, the president of the Dallas Federal Reserve, explained why he was the only member of the Federal Open Market Committee not to back the recent 50 basis point cut.
Kenya can rise again, says central bank governor
The violence precipitated by elections late last year is a setback from which the Kenyan economy can recover, said Njuguna Ndung'u, the governor of the central bank.
Bernanke admits concern over monolines
The threat of a downgrade to some of the biggest monoline insurers impacting the banking industry is forcing the Federal Reserve to monitor developments closely, a letter from Ben Bernanke, the chairman of the Federal Reserve, reveals.
Fed's Plosser on the limits of monetary policy
Monetary policy is not the solution to all economic ills, said Charles Plosser, the president of the Philadelphia Federal Reserve.
Late-afternoon Fedwire surge explained
The New York Fed finds three reasons for why an increasing number of payments are processed through the Fedwire funds transfer system in late afternoon.
Central Bank of Venezuela - Economic Report 2006
Strong global economic growth in 2006 boosted the average price of Venezuelan oil by 22%.
IMF report notes decline in transparency
The publication rates for some of the International Monetary Fund's country reports fell in 2007, the third annual report on the implementation of the Fund's transparency policy finds.
Czech Republic raises rates as inflation surges
The Czech National Bank's rate-setting board voted to raise its benchmark rate to 3.75%.
ECB right but opaque, says report
The latest Monitoring the European Central Bank report, published on Thursday by the Centre for Economic Policy Research (CEPR), suggests that there is much room for improvement in the way the European Central Bank (ECB) sets interest rates and…
Bundesbank gets bigger supervisory role
The Bundesbank is poised to take broader responsibility for operational banking supervision in Germany after the central bank and BaFin, the country's financial regulator, agreed rules to clarify their supervisory roles.
ECB holds rates, but hawkish tone goes
Jean-Claude Trichet, the president of the European Central Bank, revealed a shift to a more dovish outlook as the governing council held rates at 4% for the eighth straight month.
BoE makes expected rate cut
The Bank of England's Monetary Policy Committee cut rates to 5.25%, as widely expected.
Danish governor criticises budget proposals
Niels Bernstein, the governor of the National Bank of Denmark, on Wednesday slammed the government's budget proposals as too expansionary given current conditions.
Central Bank of the UAE - Annual Report 2006
Both the trade balance and current account were in surplus in the United Arab Emirates in 2006.
Hong Kong banking industry stays in good health
The Hong Kong banking sector remains highly liquid, well capitalised and profitable said Y.K. Choi, a deputy chief executive of the Hong Kong Monetary Authority.
Recent trends in emerging markets' monetary policy
A new collection of Bank for International Settlements papers investigate major changes in monetary policy transmission in emerging markets over the past decade.
Inflation differences bother Fed's Lacker
Jeff Lacker, the president of the Richmond Federal Reserve, said he was troubled by the lengthy divergence between overall and core inflation in the United States.
Indonesia holds rates
Bank Indonesia's rate-setting board voted on Wednesday to leave rates at 8% in an attempt to bring inflation within the 4-6% range set for 2008.
Czech president approves potential replacements
Vaclav Klaus, the president of the Czech Republic, has said that two names suggested in the media as potential replacements for outgoing central bank deputy, Ludek Niedermayer, would be suitable candidates.
UK regulator wants above-inflation budget increase
The Financial Services Authority (FSA), Britain's beleaguered regulator, has asked the government for an extra £21.3m ($41.8m) for the 2008/ 2009 financial year.
Coordination was unprecedented, says Goodhart
The joint action by five of the world's leading monetary authorities was a move unprecedented in central banking, said Charles Goodhart, a former member of the Bank of England's monetary policy committee.