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Bank of England committee unanimously backed cut
All nine members of the Bank of England's monetary policy committee voted in favour of cutting rates to 5.5% earlier this month, minutes published on Wednesday reveal.
Only banks can fully solve lending problem: King
No amount of central bank liquidity can bring interbank rates back down to normal levels, Mervyn King, the governor of the Bank of England, said on Tuesday.
China's Zhou speaks on financial stability
Flexibility and adaptability must be improved if central banks are to successfully deal with financial instability, says Zhou Xiaochuan, the governor of the People's Bank of China.
US markets unconvinced by 1980s inflation fall
Financial markets were sceptical of the Federal Reserve's commitment to low inflation even after the period of disinflation in the early 1980s, research published by the Kansas City Federal Reserve finds.
Interbank conditions influenced RBA decision
The Reserve Bank of Australia's rate-setting board decided to leave rates unchanged in November because of interbank tensions, minutes of the meeting published on Tuesday reveal.
National Bank of Rwanda - Annual Report 2006
Rwanda's economy grew by 6.5% in 2006, boosted by the strong performance of the manufacturing and services sector.
Slovakia holds rates at 4.25%
The National Bank of Slovakia's rate-setting board on Tuesday opted to keep the benchmark limit rate for two-week repo tenders at 4.25%.
Canada needs a single securities law, says Dodge
David Dodge, the outgoing governor of the Bank of Canada, said on Monday that a single securities law was needed for Canadian companies to compete.
Banks take Old Lady's money
The Bank of England's adoption of a new auction method for open market operations met with success on Tuesday as all of the available funds were allocated.
ECB adds an extra €170 billion
The European Central Bank (ECB) on Tuesday injected about €170 billion-worth ($245 billion) of extra funds into eurozone money markets after saying on Monday night that it would offer eurozone banks an unlimited amount of two-week loans at below…
IMF's Kato adds voice to calls for transparency
Investors need greater transparency of the on- and off- balance sheet exposures of financial institutions, as well as of the interrelationships between asset managers, and special purpose vehicles, said Takatoshi Kato, a deputy managing director of the…
Bank of England - Quarterly Bulletin
Details of the impact of Northern Rock's use of the lender of last resort facility on the Bank of England's open market operations are noted in the latest edition of the Quarterly Bulletin.
Report details practices at G10 central banks
The Markets Committee on Monday published a report on the monetary policy frameworks and open market operations at the G10 central banks.
The Netherlands Bank - Annual Report 2006
The Netherlands Central Bank estimated the Dutch economy expanded by 3% in 2006, boosted by strong export, consumption and investment growth.
Greenspan warns of stagflation risk
Alan Greenspan, a former chairman of the Federal Reserve, warned on Sunday that the United States economy was exhibiting the first signs of stagflation.
Hungary holds rates at 7.5%
The National Bank of Hungary's rate-setting council voted on Monday to keep its benchmark base rate at 7.5%.
RBNZ set to regulate insurance industry
The Reserve Bank of New Zealand on Monday became responsible for regulating all life, health and general insurance providers.
Near-record inflation forces Oman to limit lending
The Central Bank of Oman upped banks' reserve requirement ratio on Sunday in a bid to curb rampant inflation.
Old Lady denies reports of government criticism
The Bank of England countered reports published over the weekend that an unnamed senior Bank of England official had said low government morale was blocking plans for a fundamental overhaul of the financial regulatory system.
Financial crisis has affected eurozone stability
Uncertainty surrounding financial stability in the euro area has heightened as a result of the recent financial turmoil, Lucas Papademos, the vice president of the European Central Bank, confirmed on Thursday.
Emerging Asia impacts commodity price trend
Industrial activity in emerging Asia appears to have become, since 1997, a stronger driver of oil and commodity price movements than business cycle trends in developed economies.
Nepal Rastra Bank - Annual Report 2005-2006
Nepal's real GDP grew by 2.3 % in the 2005 to 2006 period.
Imbalances to gradually decline despite turmoil
The unwinding of global imbalances is still likely to continue gradually in spite of the increased risks posed by the recent financial turmoil, says John Lipsky, the first deputy managing director at the International Monetary Fund (IMF).
Kenya leaves rates at 8.75%
The Central Bank of Kenya's rate-setting committee voted on Thursday to hold the benchmark Central Bank Rate at 8.75%.