Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Bernanke's Capitol Hill testimony
Ben Bernanke, the chairman of the Federal Reserve, testified before the US House of Representatives' Committee on Financial Services on 20 September. In this testimony he discusses the Fed's response to the subprime-mortgage crisis and possible…
Bank funding: gone in 15 seconds?
Bank runs, once triggered, are set to become much quicker and less controllable in future.
Mervyn King - a governor in distress
No governor of the Bank of England in living memory - and very few governors of any industrial country - has come in for such an avalanche of media criticism as Mervyn King has suffered in recent days.
Bernanke's boost for global stock markets
Shares around the world surged on news of the Fed's half-point cut in interest rates.
Bank of England backtracks on money market tactics
In a remarkable about-turn, the Bank of England yesterday moved to inject liquidity into the longer-term money market by announcing plans to provide funds at three-month maturity against a wide range of collateral, including mortgages.
Former Fed governor seeks gainful employment
In his memoirs, The Age of Turbulence, Alan Greenspan presents himself very much as a global leader; he hobnobs with former UK prime ministers Margaret Thatcher and Tony Blair, features the current prime minister, Gordon Brown, the president of China,…
Knut Kjr quits Norway's oil fund
Knut Kjr announced his resignation as head of Norges Bank Investment Management (NBIM), which manages the country's oil-fuelled $330 billion pension fund and the bulk of the central bank's forex reserves.
Japan keeps rates on hold
The Bank of Japan's monetary policy board decided to keep rates on hold at 0.5%.
Trichet's testimony to Parliament
The president of the European Central Bank, Jean-Claude Trichet, testified to the Euroepan Parliament's Economic and Monetary Affairs Committee earlier in the month.
Nyberg on monetary and financial stability
The interaction of monetary and financial stability is one of the most discussed issues in central banks and academia today, and is likely to remain high on the agenda for the foreseeable future, said Lars Nyberg, a deputy governor at Sweden's central…
MPC minutes show 9-0 vote to hold rates
Minutes from September's meeting of the Bank of England's rate setting Monetary Policy Committee show that all the members were in favour of keeping the cost of borrowing at 5.75%.
Australia's Payment Systems Board report - 2007
Australia's Payment Systems Board, which is chaired by the central bank governor, published its annual report for 2007 on Wednesday.
November for Poland's next rate rise?
Marian Noga, a policymaker at Poland's central bank, said in an interview that it is likely the bank will next raise rates in November with two hikes in the new year.
New deputy governors for Bank Indonesia
Jakarta's local business newspaper, Bisnis Indonesia, has reported the appointment of two new deputy governors for Bank Indonesia, the country's central bank.
Kozaric on ten years of the BiH
Kemal Kozaric, the governor of the Central Bank of Bosnia and Herzegovina, looked back on ten years of central banking in the country.
RBA's Stevens on Australia and financial markets
Recent events are putting financial systems to the test around the world, observed the governor of the Reserve Bnak of Australia at a speech in Sydney on Tuesday.
Fed cuts rates by half a point
The Federal Reserve cut interest rates by 50 basis points at its Tuesday meeting in a bid to limit the impact of recent financial turmoil on the economy.
Latvia leaves rates unchanged
The Bank of Latvia decided on 13 September to leave key interest rates unchanged, with the refinancing rate remaining at 6%, overnight loans at 7.5% and the overnight deposit rate at 2%.
Croatia allows German bank to operate again
Croatia's central bank has given permission for Bayerische Landesbank (BayernLB) to operate in the country again.
Treasury Committee calls for more MPC transparency
A report from the UK parliament's Treasury Committee, published Tuesday, says that the Bank of England should disclose how members of its rate-setting Monetary Policy Committee (MPC) voted at the same time as it announces its interest rate decisions.
Central banks are "just doing their job": Noyer
Christian Noyer, the governor of the Bank of France and a member of the governing council of the European Central Bank (ECB), made a strong defence of recent actions by central banks.
Bank of England fights to restore financial order
The Bank of England has today lent £4.4bn ($8.8bn) of "exceptional" funds at its benchmark interest rate of 5.75% and says that it will offer the same amount on September 20 in seven-day debt.
Trinidad & Tobago -- Annual Report 2006
Trinidad & Tobago's economy grew by 12% in real terms, the central bank reports.