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Icelandic rate setters divided on April cut
Iceland monetary-policy makers voted four to one to cut rates by 150 basis points, minutes of the April meeting revealed.
Indian cut smaller than expected
The Reserve Bank of India cut interest rates by a quarter point on Tuesday, less than many observers had been predicting.
China's economy on the up: central banker
Record lending by commercial banks and improved liquidity in the first quarter of 2009 suggests end-2008 marked a turning point in China's economic fortunes, said Yi Gang, deputy governor of the People's Bank of China.
Canada suffers record contraction
Canada's GDP contracted by an annualised rate of 7.3% in the first quarter of 2009, the fastest rate on record, according to the Bank of Canada.
National Bank of Macedonia - Annual Report 2008
The Macedonian banking system remained sound and stable last year despite the global financial turmoil, the country's central bank said in its latest Annual Report.
Denmark's Bernstein admits options running out
Nils Bernstein, the governor of the National Bank of Denmark, has acknowledged that the central bank is running out of room to manoeuvre.
Markets bought Paulson "teaser freezer" plan
Research from the Richmond Federal Reserve shows that investors were initially optimistic that former US Treasury secretary Hank Paulson's so-called "teaser freezer" plan would improve economic conditions.
Turkey and the crisis
Monetary authorities in countries like Turkey, where relatively low increases have been observed in risk premia, have been able to cuts rates significantly, explained Durmus Yilmaz, the governor of the country's central bank.
DSK: a mandate for change
The G20 summit in London has created a mandate for change, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF).
Monetary policy in turbulent times
The global financial crisis has hit the British economy hard, but this does not mean monetary policy should change its focus, said Andrew Sentance, a member of the Bank of England's rate-setting Monetary Policy Committee.
HKMA - Annual Report 2008
Hong Kong's exchange fund lost HK$136 billion ($17.5 billion) in 2008, revealed the Hong Kong Monetary Authority (HKMA) in its Annual Report published on Monday.
World economy in deep recession: IMF
The global economy will contract by 1.3% in 2009, the International Monetary Fund (IMF) has said, even with determined efforts by governments to restore national financial sectors to health.
Bank launches new lending report
21 April saw the publication of the first Trends in Lending report, a new monthly publication from the Bank of England which will present a regular assessment of lending to the UK economy.
New deputy governor for Bank of Ghana
The president of Ghana, John Atta Mills, has appointed Henry Kofi Wampah as a new deputy governor of the Bank of Ghana.
No link between loan constraints and productivity
Financial constraints do not lower productivity in most sectors of the economy, research from the International Monetary Fund suggests.
ECB releases Annual Report
The European Central Bank (ECB) published its Annual Report for 2008 on 21 April.
Sweden cuts rates to record 0.5%
The Riksbank cut its benchmark interest rate by half a percentage point to an all-time low of 0.5% on 21 April.
Zimbabwe "raided private bank accounts
Gideon Gono, governor of the Reserve Bank of Zimbabwe, the country's central bank, admitted on 20 April that he took hard currency from the bank accounts of private businesses and foreign aid groups without authorisation, in efforts to keep the country's…
Colombia requests "insurance" credit line from IMF
Colombia became the second Latin American country this year to ask for a credit line from the International Monetary Fund (IMF), when it requested $10.4 billion to help it withstand the global financial crisis.
Toxic assets must be removed: RBA's Stevens
Siphoning the toxic assets that plague banks' balance sheets is the first step in overcoming the current crisis, Glenn Stevens, the governor of the Reserve Bank of Australia, has said.
ECCU very sensitive to US conditions
The business cycles of Eastern Caribbean Currency Union (ECCU) economies are very sensitive to changes to the United States economy, research from the International Monetary Fund finds.
Bernanke stresses benefits of innovation
Ben Bernanke, the chairman of the Federal Reserve, has urged lawmakers to beware of regulating to prevent financial innovation, though he acknowledged that new products had to be transparent and understandable.
Crisis revealed SNB rate policy strength: Roth
The Swiss National Bank's (SNB) unique monetary policy proved useful in staving off a worsening of credit conditions in the wake of the financial crisis, Jean-Pierre Roth, the chairman of the central bank's governing board, has said.
Inflation is not forgotten - ECB's Trichet
Speaking in Tokyo, the president of the European Central Bank, Jean-Claude Trichet, stressed the need to keep a watchful eye on inflation.