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Spot trades strengthen dominance of FX market
The amounts traded in spot foreign exchange markets have shot up, central bank research reveals.
Fed auction reveals relative interbank calm
Money market tensions in the United States showed further signs of abating on Tuesday as the Federal Reserve published the results of its latest Term Auction Facility operation.
Markets expect half-point cut from Fed
The majority of analysts expect the Federal Reserve to cut rates by a further half-a-percentage point on Wednesday.
IMF lowers growth outlook
The International Monetary Fund (IMF) said on Tuesday that it expects global growth to slow to 4.1% this year, down from 4.9% in 2007.
ECB Monthly Bulletin - January 2008
Inflation reached 3.1% in December 2007, confirming the strong upward pressure on prices in the short-term, stemming mainly from strong increases in oil and food prices in recent months.
Factors behind income growth are hard to fathom
Assessing the factors involved in income growth is difficult because small changes in the relative fit of certain models can lead to substantial differences regarding growth determinants, research published by the European Central Bank finds.
Fukui reviews Japanese monetary policy
Japan's economy is expected to continue expanding moderately, although for the time being the pace of growth is likely to slow because of sluggish housing investment, said Toshihiko Fukui, the central bank governor, paving the way for possible rate hikes.
New Zealand's Bollard warns on inflation risks
A number of international price shocks are posing a threat to price stability in New Zealand, said Alan Bollard, the governor of the central bank.
Israel holds rates at 4.25%
The Bank of Israel's rate-setting board voted on Monday to keep rates at 4.25%, despite concern over rising inflation.
Ex-Polish deputy responds to Pruski criticism
Krzysztof Rybiski, the deputy governor of the National Bank of Poland who resigned at the start of this month, has rebuffed criticisms of the central bank made by his fellow deputy, Jerzy Pruski, who quit last week.
Europe's single payments area goes live
Eurozone banks and customers received a boost on Monday as the Single Euro Payments Area (SEPA) went live.
UK rates "restrictive", says dovish Blanchflower
David Blanchflower, the only member of the Bank of England's nine-strong monetary policy committee (MPC) to back a rate cut earlier this month, has said monetary easing is vital to avoid a recession.
UK regulator held responsible for bank run
The Financial Services Authority (FSA), the British regulator, failed in its duty to properly supervise Northern Rock, the beleaguered mortgage lender, an eagerly awaited report by lawmakers finds.
The optimal horizon for inflation targeting
The optimal horizon for inflation targeting is highly shock-specific, research published by the Central Bank of Norway finds.
European regulation event in London: 29 January
With the credit squeeze and banking crises like Northern Rock placing an increasing scrutiny on regulators, this practical guide to the latest regulatory developments is timely.
Japan's hawk turns dove after building slump
Atsushi Mizuno, the only member of the Bank of Japan to consistently back a rate hike during the second half of last year, changed tack in December due to the poor performance of the construction sector, minutes from the monetary policy meeting reveal.
New guide to banking and insurance supervision
Profiling over 440 agencies in more than 190 jurisdictions, the 2008 edition of How Countries Supervise their Banks, Insurers and Securities Markets, tells you how the world's financial firms are regulated and who regulates them.
Cyprus and Malta join gold agreement
Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.
Canada will not slump despite slight slowdown
Though the likelihood of a recession in the United States has increased greatly, the Canadian economy will continue to grow, said David Dodge, the outgoing governor of the Bank of Canada.
Japan cut unlikely after Fukui comments
A slowdown in Japanese growth will not lead to a rate cut, Toshihiko Fukui, the governor of the Bank of Japan indicated on Friday.
IMF calls on top state funds to make the rules
The International Monetary Fund has called on sovereign wealth funds in Singapore, Norway and Abu Dhabi to develop a set of benchmarks for transparency.
Second Polish deputy resigns, slams governor
Jerzy Pruski, a deputy governor at the National Bank of Poland, has resigned, citing differences with Slawomir Skrzypek, the governor of the central bank. Pruski's departure follows that of his fellow deputy, Krzysztof Rybiski, earlier this month.
The role of human error in the yield curve
Investors' systematic forecast errors are an important source of business-cycle variation in measured risk premia, research published by the Atlanta Federal Reserve finds.
Japan's Nakamura unsure on housing recovery
The timing and degree of a recovery in the Japanese housing industry remain uncertain, said Seiji Nakamura, a member of the Bank of Japan's rate-setting board.