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Minutes show BoE board split on rate decision
David Blanchflower, a member of the monetary policy committee at the Bank of England, called for a rate cut at October's meeting, the minutes published on Wednesday reveal.
Central Bank News defends "boring central bankers"
The Financial Times on Wednesday published Central Bank News's response Wolfgang Munchau's piece in Monday's newspaper, "Boring central bankers got us into this mess", which blamed central bankers for the current credit crisis.
China's agency "buys" Central Huijin
"We have bought Central Huijin for $67 billion," Lou Jiwei, the chairman of China Investment Corp, the country's investment agency, told reporters on the sidelines of the 17th Communist Party Congress, the nation's key meeting which is held every five…
Russian central bank supports bond market
Sergey Ignatiev, the governor of the Central Bank of Russia, has said the central bank bought R46 billion-worth ($1.84 billion) of federal government bonds in September to ease tension in the banking sector.
New executive director at the Netherlands Bank
Joanne Kellermann will join the governing board of the Netherlands Bank on 1 November.
Turkey lowers rates for second consecutive month
The Central Bank of Turkey slashed its benchmark rate by 50 basis points following September's surprise quarter-point cut.
Crisis "clouds growth prospects", says IMF
The International Monetary Fund (IMF) has revised its estimates for global growth in 2008 down by almost half a percentage point.
Croatian National Bank - Annual Report 2006
The Croatian National Bank continued its focus on reducing the external debt to GDP ratio last year.
Relationships help for IPO performance
Investors prefer initial public offerings (IPOs) managed by relationship banks than similar ones managed by outside banks, according to research by the Chicago Federal Reserve.
September's cut has helped markets, says Bernanke
Ben Bernanke, the chairman of the Federal Reserve, said that September's 50-basis point cut has alleviated the credit crunch.
Tough times ahead for bankers: Norway's Gjedrem
Svein Gjedrem, the governor of the Central Bank of Norway, has predicted a fall in the fortunes of the country's banking industry.
Poland set to join ERM II in 2009, says Skrzypek
Slawomir Skrzypek, the governor of the National Bank of Poland, said the country looked likely to join the pre-euro exchange rate mechanism, ERM II, in 2009.
De Rato U-turns on dollar valuation
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), said on Monday that the dollar was overvalued despite recently saying that he believed the opposite to be the case.
Trichet repeats calls for renminbi appreciation
Jean-Claude Trichet, the president of the European Central Bank, has again urged China to allow its currency to appreciate.
Canada keeps rates at 4.5%
The Bank of Canada said on Tuesday that it would hold its target for the overnight rate at 4.5%.
BoE should have helped earlier: Rock chief
Adam Applegath, the chief executive of Northern Rock, said on Tuesday that injections by the Bank of England earlier on could have mitigated Northern Rock's problems.
The rise of SWFs is unstoppable
Western governments must accept the rise of sovereign wealth funds as a further sign of a shift in the world economy, according to Gerard Lyons, the chief economist at Standard Chartered, a bank.
Impact of deepening is complex: Italy's Visco
Financial deepening has affected the speed and strength of the monetary policy transmission mechanism, according to Ignazio Visco, a deputy director at the Bank of Italy.
Do trade costs explain macroeconomic puzzles?
Research published by the Reserve Bank of Australia finds some evidence that trade costs do, at least in part, explain three monetary policy puzzles; the purchasing power parity real exchange rate persistence puzzle, the Feldstein-Horioka saving…
Bernanke and Kohn commend monetary policy pioneer
Ben Bernanke, the chairman of the Federal Reserve, and Donald Kohn, the Fed's vice chairman, praised John Taylor, a professor at Stanford University, for his contribution to monetary policy.
Gold rises to 27-year high
Gold reached a 27-year high on Monday as oil hit $85 per barrel and the dollar weakened further.
China hikes reserve requirements to curb lending
The People's Bank of China said on Saturday that it is raising its reserve requirement ratio in order to limit loan growth and inflation.
SWF mentioned in Virgin bid for Northern Rock
A Middle-Eastern sovereign wealth fund could make up part of Virgin's consortium bid for Northern Rock.
Wellink calls for speedy ABN break-up
Nout Wellink, the governor of the Netherlands Bank, has urged the three banks who have taken over ABN AMRO to quickly implement their plans to break it up.