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Fischer outlines Israel's economic agenda
The objective of the Bank of Israel's economic agenda should be rapid and sustained growth, Stanley Fischer, the governor of the central bank, said.
ECB Financial Stability Review - December 2007
The European Central Bank (ECB) noted that with financial systems undergoing a process of de-leveraging and re-intermediation, the uncertainty surrounding the financial stability outlook for the euro area has heightened and could persist for a…
BoE's Paul Tucker on global credit crunch
Paul Tucker, executive director for markets at the Bank of England and a member of the monetary policy committee, at a speech on Thursday, analysed the difficulties facing central banks in correctly diagnosing changes in credit conditions and asset…
Cooperation can't get to root cause of crunch
The central banks' coordinated attempt to bring interbank rates down may alleviate liquidity pressures, but not the mistrust the lies at the core of the crunch, says Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm.
Russia to trade on stock exchanges
The Russian government has passed a law which will permit the Central Bank of Russia to trade securities on the over-the-counter market and on stock exchanges.
UAE governor wants to stay on
Reports that Sultan Nasser al-Suweidi, the governor of the Central Bank of the UAE, was planning to step down when his four-year term ends next week, to be replaced by Saeed Mubarak Rashid al-Hajeri, chairman of Abu Dhabi Commercial Bank, have been…
Chinese monetary policy "influenced by US cuts"
Zhou Xiaochuan, the governor the People's Bank of China, said that the recent rate cuts by the Federal Reserve, together with rising domestic consumer prices, would have "considerable influence" over Chinese monetary policy.
Joint effort failing to counter interbank tension
Interbank rates stayed high and markets plummeted on Thursday in spite of the collective action launched by five of the most powerful central banks on Wednesday.
Officials praise central bankers' collaboration
Central bankers and politicians across the globe offered swift and unanimous approval for Wednesday's concerted effort to inject liquidity in a bid to counter dogged interbank tensions.
Banco de la Republica - Annual Report 2007
At 6.8%, the Colombian growth rate in 2006 surpassed all predictions.
Carry trade returns high but losses heavy
Though carry trades in various Asian currencies tend to outperform major stock markets, there is a relatively high frequency of large negative returns, research published by the Bank for International Settlements finds.
Bank loans an offer Italy's criminals can refuse
Italy's underground economy does hold back financial deepening, research published by the Bank of Italy finds.
Rock raises lender of last resort issue for EU
One important aspect of the Northern Rock crisis in the UK has been to make market participants wonder what would happen if a similar-sized institution got into difficulties in a small or medium-sized EU member state.
Riksbank appoints new financial stability deputy
Lars Frisell is set to become the new deputy head of the financial stability department at the Riksbank in mid-December.
Norway raises rates by 25 basis points
The Central Bank of Norway's rate-setting executive board voted on Wednesday to increase its benchmark sight deposit rate by a quarter of a percentage point to 5.25%.
Zhou parries calls for imbalances adjustment
Zhou Xiaochuan, the governor of the People's Bank of China, said that the central bank would not allow for a faster appreciation of the renminbi to reduce global imbalances.
Yngve Slyngstad new head of Norway's SWF
Yngve Slyngstad will take over from Knut Kjr as head of Norges Bank Investment Management, which looks after the Global Pension Fund, Norway's sovereign wealth fund.
Central banks collaborate to ease interbank woe
In one of the most significant co-operative central banking efforts of modern times, five of the world's most powerful monetary authorities joined forces in a bid to restore order in the interbank markets.
Fed opts for quarter-point cut
The Federal Reserve's rate-setting Federal Open Market Committee (FOMC) voted on Tuesday to cut rates by 25 basis points to 4.25%.
South Africans' inflation expectations
South African economic agents are neither exclusively rational nor exclusively adaptive in forming inflation expectations, research published by the South African Reserve Bank finds.
Australia's Stevens on new communication policy
Glenn Stevens, the governor of the Reserve Bank of Australia, on Tuesday emphasised the importance of the changes in the central bank's communication strategy.
Central Bank of Madagascar - Annual Report 2006
Madagascar's economy grew by 4.8% in 2006, boosted by the strong performance of the construction, transport and tourism industries.
Dodge reveals lessons learned in final speech
To mark the end of his term as governor of the Bank of Canada and more than 35 years devising public-sector economic policy, David Dodge spoke on the three most important lessons that he had learned.
Chinese inflation surpasses previous peak
China's inflation accelerated further in November after matching the 11-year peak reached in August the previous month.