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New Zealand holds rates
The Reserve Bank of New Zealand decided to keep its benchmark official cash rate (OCR) at 8.25% on Thursday.
Bank of Finland lines up academic for board
Seppo Honkapohja, a professor of macroeconomics at the University of Cambridge, is set to join the board of the Bank of Finland for a five-year term beginning January 2008.
Bank of England injects £4.4 billion extra
The Bank of England loaned £4.4 billion ($8.9 billion) more than the forecast reserves target on Thursday after promising to do so last week if overnight lending rates remained high.
Volcker critical of World Bank integrity unit
Paul Volcker, a former chairman of the Federal Reserve, has lambasted the World Bank's governance and anti-corruption strategy.
The effect of expansion on EU inflation rules
The Bank of Estonia has published a paper that examines the impact of the expansion of the EU on the Maastricht inflation criterion.
New payment system working well - Fiji's Narube
Savenaca Narube, the governor of the Reserve Bank of Fiji, announced that the country's new payment system was now up and running.
Reserve Bank of Australia - Annual Report 2007
Glenn Stevens, the governor of the Reserve Bank of Australia, presented his first annual report on Wednesday.
Opacity led to turmoil - Canada's Dodge
David Dodge, the governor of the Bank of Canada, believes a lack of transparency is partly to blame for the recent turmoil in the financial markets.
ECB carries out three-month tender
The European Central Bank injected €75 billion into the money markets on Wednesday as part of a three-month refinancing operation.
Qatar to keep riyal pegged to dollar
Abdullah al-Thani, the governor of the Qatar Central Bank, said that the riyal would remain pegged to the US dollar on Tuesday.
Bosnian CB must improve vastly to meet EU level
The EU said on Wednesday that the Central Bank of Bosnia and Herzegovina (CBBH) needed to make "significant progress" in order to meet the trade bloc's standards.
Bank of Italy closes more than a third of branches
The Bank of Italy said on Wednesday that it will close 33 of its 97 branches as part of the reorganisation of its network.
King refuses to aid markets
Mervyn King, the governor of the Bank of England, said on Wednesday that he believed providing additional liquidity against a wider range of collateral and over longer periods "sows the seeds of a future financial crisis".
Deadlock in the inter-bank markets
The continuing difficulties in the global inter-bank markets, which started on 9 August, have already given rise to a mountain of speculation about the possible causes and what central banks should do about the problem.
Real economy under threat - Fed's Mishkin
Frederic Mishkin, a member of the Board of Governors at the Federal Reserve, reiterated his view, expressed earlier this month at Jackson Hole, that the subprime crisis will drive down real economic growth.
Taiwan - Annual Report 2006
Taiwan's economy grew by 4.62% last year, buoyed by strong exports in the consumer electronics sector.
Rate signals and CB transparency
Interest rates should be added to the list of signals that central banks can reveal in order to be transparent, according to a paper published by the Centre for Economic Policy Research.
Bernanke discusses US deficit
Ben Bernanke, the chairman of the Federal Reserve, explained why he thought the US current account deficit had grown so rapidly before saying that the deficit was likely to decrease in the years ahead.
Chinese inflation reaches 6.5%
China's consumer price index rose 6.5% in August, prompting speculation that the People's Bank of China will be forced to raise rates again.
Australian inter-bank rates hit 11-year high
Australian three-month bank bill rates reached 7.08% on Tuesday, 58 points above the central bank's benchmark rate and their highest level since July 1996.
Sarkozy and Merkel call for more transparency
Nicolas Sarkozy, the French president, and Angela Merkel, the German chancellor, said on Monday that hedge funds and rating agencies must face greater scrutiny.
Japan safe from subprime threat
The Bank of Japan said on Tuesday that the country's financial institutions were unlikely to be drastically affected by the subprime crisis in the US.
Turmoil prompts supervision recommendations
New rules for conduits, special purpose vehicles (SPVs) and rating agencies must be introduced to stop another subprime crisis, according to several shadow financial regulatory committees. The Basel II framework must also be reassessed because of its…
A case for hedge fund regulation
The unique nature of hedge funds could lead to market failures that counterparty credit risk management (CCRM) practices cannot easily assess, according to an article published by the New York Federal Reserve.