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Plosser joins district criticism of Fed
Charles Plosser, the president of the Reserve Bank of Philadelphia, added his voice to a growing chorus of discontent from regional banks over the policies of the Washington-based Federal Reserve Board.
RBA hints at further easing
While it kept rates on hold for the time being, the Reserve Bank of Australia has dropped a strong hint that further rate cuts are on the way by suggesting that "scope remains for some further easing."
Awkward handover for Nigerian governor
The Nigerian central bank faces considerable uncertainty over the immediate future of the position of its governor.
Your assets are safe, Geithner tells China
Timothy Geithner, US treasury secretary, sought to reassure the US's largest foreign creditor regarding its investments in dollar-denominated government debt.
Latvia allays devaluation fears
Einars Repse, Latvia's finance minister and a former governor of the Bank of Latvia, on 29 May reinforced comments by Ilmars Rimsevics, the governor, that the country was not facing a currency devaluation.
Egyptian central bank to sell bank stake
Farouk al-Okdah, governor of the Central Bank of Egypt, told reporters that the central bank intends to sell its minority stake in British Arab Commercial Bank (BACB).
Weakness in dollar only "temporary" - UAE governor
Sultan Nasser Al Suwadi, the governor of the Central Bank of the United Arab Emirates, said that he perceived the weakness of the dollar as a "temporary situation".
Turkey explains another cut
The Central Bank of Turkey cut rates by 50 basis points in May as data offered no signs of recovery in economic activity of employment, the minutes for the 14 May meeting reveal.
Markets discipline governments
Markets are exerting pressure on governments to improve the state of public finances and restore competitiveness, a new paper from the International Monetary Fund reveals.
Barbados's Williams: FSB to look at corporates
It is important to clarify whether the Financial Stability Board's mandate extends beyond banks to the wider corporate world, said Marion Williams, the governor of the Central Bank of Barbados.
India's Subbarao: in crisis better to over-insure
It is safer, in crisis management, to err on the side doing too much rather than doing too little, said Duvvuri Subbarao, the governor of the Reserve Bank of India.
Bulgarian governor wins second term
Ivan Iskrov has been granted a second stint as governor of the Bulgarian National Bank (BNB), after two-thirds of lawmakers voted in favour of his reappointment.
Cen banks must take long-term view - Buba's Weber
The president of the Bundesbank, Axel Weber, said central banks should consider whole economic cycles, rather than simply shorter-term "snapshots", when they are setting monetary policy.
Bank may extend support operations
Paul Tucker, deputy governor of the Bank of England said on 28 May that the Bank might give permanent form to some of the programmes it created specially during the financial crisis.
Dallas's Fisher: do not politicise regional Feds
Richard Fisher, the president of the Dallas Federal Reserve called on US lawmakers not to "politicise" the central bank by taking a role in selecting the presidents of district banks.
Labour models with best fit
Labour models with wage stickiness and right-to-manage bargaining or with firm-specific labour deliver the best fit, a new paper from the European Central Bank posits.
Bank of Sierra Leone - Annual Report 2008
Sierra Leone's economy remained virtually unaffected by the international economic crisis in 2008 and continued to show robust growth, notes the country's central bank in the latest Annual Report.
CDS auctions improve settlement efficiency
Credit default swap (CDS) auctions have the potential to enhance the efficiency of settlement, new research from the New York Federal Reserve reveals.
Uganda's Tumusiime-Mutebile: more aid needed
Multilateral institutions could assist African economies by providing balance of payments support as well as structural adjustment loans for countries dependent on primary commodity exports, said Emmanuel Tumusiime-Mutebile, the governor of the Bank of…
Philippines cuts to 17-year low
The Central Bank of the Philippines has cut its main policy rates by 25 basis points, taking the overnight borrowing rate to new lows of 4.25%.
Further cuts possible in Czech interest rates
Miroslav Singer, the vice-governor of the Czech National Bank, has dropped strong hints that further interest-rates cut will be on the cards if the economic situation demands it.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
Ukraine's central bank faces auditors
Accusations of mismanagement and corruption at the National Bank of Ukraine are to be investigated by international auditors, according to an official at the central bank.
Debt discharge no guarantee for a clean start
Debt discharges fail to generate a fresh start as intended by the law, new research from the Federal Reserve Board posits.