Central Banking staff
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Currency flexibility needed for China's success
China will need exchange rate flexibility and, eventually, convertibility with open capital markets if it is to carry on succeeding as a large and diverse economy, says Maurice Obstfeld, an academic based at the University of California, Berkeley.
East Asian integration must be monitored: Fukui
East Asia's growing economic and financial integration must be closely monitored to avoid negative side effects, said Toshihiko Fukui, the governor of the Bank of Japan.
Central Bank of Lesotho - Annual Report 2006
Lesotho's economy expanded by 6.2% in 2006, boosted by the strong performance of the manufacturing industry.
Taiwan hikes rates to 3.375%
The board of the Central Bank of the Republic of China (Taiwan) on Thursday opted to raise its benchmark discount rate by 12.5 basis points to 3.375%.
Philippines cuts rates to 5.25%
The Central Bank of the Philippines's rate-setting board voted on Thursday to reduce its benchmark overnight borrowing rate to 5.25%. The decision marks the third rate cut in a row for the central bank.
Joint action lessening interbank spreads
In a sign that central banks' concerted action aimed at easing money market tension is doing just that, banks' borrowing costs fell further on Thursday.
Japanese board all back 0.5% rate hold
The Bank of Japan's rate-setting board voted unanimously in favour of keeping its benchmark uncollateralised overnight call rate at 0.5% on Thursday.
China lifts rates in new bid to halt inflation
The People's Bank of China on Thursday hiked rates for the sixth time this year in an effort to curb inflation now at an 11-year peak.
National Bank of Poland - Annual Report 2006
The Polish economy expanded by 6.1% in 2006, placing it among the most rapidly developing EU states.
Globalisation adds importance to monetary policy
A stronger case exists for central banks maintaining price stability as the impact of financial globalisation grows, research by the International Monetary Fund finds.
Fed's Lacker "troubled" by US inflation
Jeffrey Lacker, the president of the Richmond Federal Reserve, said on Wednesday that he was uncomfortable with the inflation picture in the United States.
SWF stakes should be limited: SNB's Hildebrand
Sovereign wealth funds' stakes in foreign companies must be significantly below the threshold of a controlling minority to avoid a resurgence of state ownership, said Philipp Hildebrand, the vice chairman of the Swiss National Bank.
Riksbank holds rates at 4%
The Riksbank's rate-setting board voted on Wednesday to keep its benchmark repo rate at 4% despite higher-than-predicted inflation.
Central bank injections reduce borrowing costs
Central banks' attempts to narrow the spread between their benchmark and money market rates by offering funds at attractive costs have met with some success.
China SWF invests $5 billion in Morgan Stanley
The China Investment Corporation (CIC) became the latest sovereign wealth fund to capitalise on commercial banks' subprime losses on Wednesday, injecting $5 billion into Morgan Stanley, an American financial services group. The deal could lead to CIC…
Federal Reserve hardens rules on subprime lending
The Federal Reserve on Tuesday issued a set of proposals for firmer regulations on subprime lending practices aimed at protecting consumers from unfair and deceptive home mortgage lending and advertising.
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.