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Inflation spike expected in Sri Lanka
The Central Bank of Sri Lanka has warned of higher inflation in July, indicating that the important Colombo Consumer Price Index is set to spike again.
Papademos sees increased European potential growth
Lucas Papademos, the vice president of the European Central Bank (ECB), says that some countries in the eurozone have recently seen productivity-driven increases in their potential growth rate.
Economic activity up - Chicago Fed
The National Activity Index for the United States, published today by the Federal Reserve Bank of Chicago, was 0.11 in June compared with -0.32 in May.
Bank of Israel closes "interest rate gap"
The Bank of Israel has announced an interest rate increase of 25 basis points. The hike, which takes rates to 3.75%, was somewhat unexpected as most observers expected rates to remain unchanged.
Yam on Hong Kong's new polymer note
In his weekly column, the HKMA's chief executive, Joseph Yam, lists the reasons why the central bank is trialing a $10 polymer note and what results it is looking for.
Sri Lanka's monetary policy review
The Central Bank of Sri Lanka's tight monetary policy has been vindicated as inflation decelerated to 13%, although rises in administrative prices meant there was a risk this could be reversed.
Forces shaping payments markets - report
The August letter from the Chicago Fed summarises the major findings from a recent conference on changes in payments systems.
Papademos - challenges for Europe' economy
Speaking at Delphi, the vice-president of the European Central Bank, spelled out his views on what Europe's policymakers should have on their "to do list".
ECB calls for new debit card schemes
The European Central Bank (ECB) would like to see the emergence of new debit card schemes to rival the dominance of Maestro.
Brash enters Kiwi fracas
Don Brash, the former governor of the Reserve Bank of New Zealand, has entered the ongoing debate about the relations between the central bank and the ministry of finance.
Further rate rise in China
The People's Bank of China has raised its key benchmark bank lending and deposit rates by 27 basis points. It was the third rate hike of the year in the booming economy.
Gono questions Mugabe's fuel plan
Zimbabwe central bank governor, Gideon Gono, has warned the government of Robert Mugabe, the country's president, that its plan to ban private fuel purchases in foreign currency could provide a further drag on the world's fastest shrinking economy.
New FSA chief sounds warning call
The new chief executive of the British Financial Services Authority, Hector Sants, has warned that banks and financial institutions may not have done enough to protect themselves and their investors against the impending market downturn.
Interim board for new Qatari watchdog by December
Qatar's finance ministry will appoint an interim board to manage the proposed single financial sector regulator by December this year.
BoE's Besley: rates should move higher, faster
Raising rates sooner will help bring inflation back to target faster, explained Timothy Besley, an external member of the Bank of England's rate-setting MPC, at a seminar organised by the CEPR in London.
Reserve Bank of Fiji - annual report 2006
The central bank's key economic challenge for 2007, says the governor, Savenaca Narube, is to reverse the widening trade deficit.
Draghi testifies to parliament
Stronger economic growth has meant a smaller fiscal deficit, noted the governor of the Bank of Italy, Mario Draghi, but Italy's structural deficit remains substantial.
Fed's minutes for June meeting
The Federal Open Market committee's predominant policy concern remained the risk that inflation would fail to moderate as expected, the minutes to the July meeting explained.
Rate tightening agreed by Polish cb in June
At its most recent meeting, Poland's central bank agreed that rate tightening in the future was necessary, although the bank's policymakers were split over when a move should occur.
FSA urged to take on retail banking regulation
John Tiner, who leaves the UK's Financial Services Authority (FSA) today after four years as chief executive, told an annual meeting that the oversight of retail banking should be consolidated, as the reasons that had led to a separate code were no…
Turkey's reserves hit record high
The Turkish central bank announced on Thursday that its foreign currency reserves had reached a new record level of $118bn on July 6.
Brazil makes 17th consecutive rate cut
Brazil's central bank made its 17th consecutive cut in the overnight lending rate on July 18, as inflation continued to be kept in check by the strong exchange rate.
Why Europe needs a banking charter
The authors of this IMF Working Paper argue that a full-fledged EU-level prudential regime that operates along-side national regimes - which they call a "European Banking Charter" - could harness market forces to establish a level playing field for…
Analysing hedge fund credit risk
This New York Fed Staff Report argues that the characteristics of hedge funds makes the use of counterparty credit risk management (CCRM) methodologies more difficult as they exacerbate market failures linked to agency problems, externalities, and moral…