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China names two central bank vice governors
The People's Bank of China announced the appointment of two vice governors on Thursday, Yi Gang and Ma Delun.
BoE credit survey shows crunch impacting lending
The Bank of England's credit conditions survey, published on Thursday, signalled a marked decline in lending to households and businesses towards the end of 2007.
Fed minutes reveal clear shift in outlook
The minutes of the December meeting of the Federal Open Market Committee (FOMC), published on Wednesday, reveal a more dovish Federal Reserve than was suggested at the time.
Public debt management: the Sri Lankan experience
The Central Bank of Sri Lanka has published details of its role in managing the public debt, which it has undertaken since its inception in 1950.
Cyprus and Malta join eurozone
The eurozone became a little larger on Tuesday as Cyprus and Malta, two Mediterranean islands, adopted the single currency.
Interbank rates plummet as year-end passes
Pressure on the banking industry eased on Wednesday with spreads between money market and central banks' benchmark interest rates narrowing as the end-of-year liquidity panic passed. The falls indicate that the central banks' efforts to alleviate some of…
Israel's Fischer notes importance of Basel II
The adoption of the Basel II principles of capital management is one of the largest and most important tasks confronting the Israeli banking system, says Stanley Fischer, the governor of the Bank of Israel.
IMF template reduces exchange rate volatility
The adoption of the International Monetary Fund's International Reserves and Foreign Currency Liquidity Data Template leads to a fall in exchange rate volatility, research published by the Fund finds.
Central Bank of Swaziland - Annual Report 06/07
Swaziland's balance of payments improved significantly in 2006.
China to name Ma Delun as vice governor
The People's Bank of China is set to appoint Ma Delun as vice governor of the central bank, local media reports said on Wednesday.
Venezuela lops zeros off bolivar to curb inflation
Venezuela revamped the bolivar on Tuesday by slashing three zeros from the currency in a bid to dampen rampant inflation, which hit 20.7% in the 12 months to November.
Kuwaiti SWF could be next to invest on Wall Street
Bader Al-Sa'ad, the head of Kuwait Investment Authority, the state's sovereign wealth fund, indicated that his could be the next fund to inject funds into a finance industry clawing for capital in the aftermath of the subprime crisis.
Regulators can't ensure clarity, only encourage it
In the wake of the credit crisis, central bankers and other financial regulators should use their clout to back the standardisation of financial instruments rather than trying to legislate for transparency, says Claire Jones, the editor of Central Bank…
The blame game
The decision of many central banks, most notably the Federal Reserve, to lower rates in the wake of the dotcom crash, has drawn criticism from some quarters post-credit crunch. But, Claire Jones, editor of Central Bank News, argues blame for the crisis…
Big banks the ones making a mint from seigniorage
Smaller central banks lacking independence in poorer countries generally make less from seigniorage, the profit involved in minting coins, research published by the International Monetary Fund shows.
Swiss exchange rate has no impact on rate-setting
The Swiss franc exchange rate is only relevant in monetary policy insofar as it has an impact on Swiss inflation, says Jean-Pierre Roth, the chairman of the Swiss National Bank.
Journalist defends Old Lady's "low morale" claims
Irwin Stelzer, the journalist who wrote last week that a senior Bank of England official had said the British chancellor and prime minister were blocking changes to banking regulation because of low morale, has described it as "a pity" that Mervyn King,…
Time has proved us right, says Trichet
The European Central Bank's (ECB) decision to inject hundreds of billions of extra euros into the money markets to alleviate tensions looks to be the correct one, says Jean-Claude Trichet, the president of the central bank.
Bank of Finland - Financial Stability Report 2007
The Finnish financial system is stable and would likely withstand even considerable disruptions in the operating environment, the 2007 edition of the Bank of Finland's financial stability report says.
Bank of Haiti - Annual Report 2006
The Haitian economy expanded by 2.3% in 2006, the highest rate of growth since 1999.
Rate setters act on inflation not job location
Little evidence exists of any systematic differences in the voting habits of internally- and externally-appointed members of the Bank of England's monetary policy committee, research published by the Bank finds.
Basel II procyclicality concern must be mitigated
The elements of Basel II built into the framework to mitigate procyclicality must be properly used, especially in the current climate, said Jaime Caruana, the director of the International Monetary Fund's monetary and capital markets department.
UBS shareholders uneasy with SWF investment
Shareholders at UBS, the Swiss bank, are threatening a revolt over capital injections worth Sfr 13 billion ($11.2 billion) from two sovereign wealth funds.
Interbank rates edge down again
Money market tensions eased further on Friday, signalling that the joint action announced by five of the most powerful central banks last week is having some impact in narrowing spreads between interbank and central banks' benchmark rates.