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Muto lists criteria for Bank of Japan decisions
The Bank of Japan should assess three phenomena when deciding on monetary policy, says Toshiro Muto, a deputy governor.
IMF growth forecasts fall on purchasing power data
The International Monetary Fund (IMF) has lowered its growth estimate for 2007 by half a percentage point after reviewing research published by the International Comparison Program, a global statistical initiative involving over 100 countries.
Czech governor misquoted on currency comments
Comments attributed to Zdenik Tuma, the governor of the Czech National Bank, which led to exchange rate fluctuations, have misquoted him, the Czech National Bank has said.
ECB holds rates, warns of inflation risk
The European Central Bank kept rates on hold at 4% on Thursday, with its president, Jean-Claude Trichet, reiterating that upside risks to price stability were "fully confirmed".
UK rates held at 5.5%
The Bank of England's monetary policy committee (MPC) on Thursday voted to keep the benchmark bank rate at 5.5%.
Fed ready to act on worsening outlook: Bernanke
The Federal Reserve looks set to cut rates further after its chairman, Ben Bernanke, said central bank policy would look to counter the increasing risk of an economic slowdown.
Rock action set for wider ambit
The scope of the regulatory response to Northern Rock will be much broader than originally anticipated, Alistair Darling, the British chancellor of the exchequer, said on Thursday.
Fed's Rosengren calls for banks to declare losses
Banks must fully disclose their losses to limit the damage of the subprime fallout, says Eric Rosengren, the president of the Boston Fed.
Eurozone retail banking data shows convergence
Though cross-border differences in interest-rate levels persist, retail banking markets in the eurozone are becoming more integrated, research published by the Bank of Finland finds.
Bank of Burundi - Annual Report 2006
Burundi's economy grew by 5.1% in 2006, boosted by the buoyant coffee industry.
Should rate policy note Wall Street's influence?
Reflecting on the Federal Reserve's recent decisions, Stephen Cecchetti, the Rosenberg professor of global finance at the Brandeis International Business School, asks whether it is wise to separate actions to ensure financial stability from those to aid…
New Korean government to leave central bank alone
South Korea's incoming government, elected in December, will respect the Bank of Korea's independence, an official said on Wednesday.
Fed's Poole says risk of recession unclear
William Poole, the president of the St Louis Federal Reserve, said on Wednesday that it was still too early to tell whether the housing sector's problems would push the US economy into recession.
Decision supports ECB on counterfeit check
The European Central Bank (ECB) won backing from a French court on Wednesday for the right to use a method to detect fake notes.
France renews onslaught on ECB policy
The French government has resumed its campaign calling for the European Central Bank (ECB) to cut rates.
Bank of Canada plans to increase transparency
Canada's central bank will review whether to provide more information about its predictions for the economic outlook in a bid to improve transparency.
Austrian central bank increases regulatory role
The National Bank of Austria has strengthened its hold on the regulation of the banking industry following the introduction of a new financial market supervision framework.
Central banks partly to blame for crunch
The creation of excessive global liquidity by key central banks was one of a number of phenomena that led to the current financial crisis, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now an economics professor…
Japan's Iwata praises new communication strategy
The Bank of Japan's new communication policy framework has improved both transparency and flexibility, says Kazumasa Iwata, a deputy governor at the central bank.
Bangladesh Bank - Annual Report 2006-2007
The Bangladeshi economy grew by 6.5% from July 2006 to June 2007, boosted by the strong performance of the manufacturing and services industries.
Fukui notes success of Franco-Japanese relations
Japan and France have established a particularly constructive relationship in many economic spheres, says Toshihiko Fukui, the governor of the Bank of Japan.
Bank Indonesia avoids rate cut on price fears
Bank Indonesia's rate-setting board voted to keep rates on hold at 8% on Tuesday after inflation remained way above the central bank's medium-term target in December.
Fed's Plosser stays hawkish on rates
Charles Plosser, the president of the Philadelphia Federal Reserve and a voting member of the rate-setting Federal Open Market Committee (FOMC), hinted that he would back a rate hold when the committee meets later this month.
Israeli central bank set for greater independence
Israel's new central banking law will create a more independent institution, said Stanley Fischer, the governor of the Bank of Israel.