Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Bernanke, Dudley justify Talf
Ben Bernanke, the chairman of the Federal Reserve, and William Dudley, the president of the New York Fed, moved to temper fears among lawmakers that the central bank's Term Asset-Backed Securities Loan Facility (Talf) puts taxpayers' money at risk.
Iceland cuts by 150 basis points
The Central Bank of Iceland cut its policy rate by one and half basis points to 15.5% on Wednesday, the second cut in less than a month.
Central Bank of Sri Lanka - Annual Report 2008
Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.
Monetary nonneutrality hard to explain
Imperfect information cannot explain the substantial degree of monetary nonneutrality, money affecting real variables, finds new research from the Bank of Canada.
Hong Kong's banks' have minimal liquidity risk
Despite a deterioration in liquidity conditions, default risks in the Hong Kong banking system are minimal, new research from the territory's central bank posits.
Fed's Warsh: panic may have long-run impact
The panic that has marked the current financial and economic turmoil may also have long-run implications, said Kevin Warsh, a governor at the Federal Reserve.
SDR injection inflationary, ECB's Stark warns
Jurgen Stark, a member of the European Central Bank's executive board, has panned the G20's decision to create $250 billion-worth of special drawing rights (SDRs).
Sri Lanka names four new deputies
The Central Bank of Sri Lanka will promote four assistant governors to the rank of deputy in the coming months.
Bulgarian public to get first-ever peek inside CB
The Bulgarian National Bank is set open its doors to the public for the first time in its 130-year history later this month.
Renminbi should be added to SDR basket: Mundell
Robert Mundell, a Nobel Prize-winning economist, has called for the International Monetary Fund to add the renminbi to the list of currencies represented in its special-drawing-rights (SDRs) basket.
IMF: toxic-debt bill to hit $4 trillion - report
The International Monetary Fund (IMF) is allegedly set to release new forecasts showing the cost of writedowns could reach $4 trillion, a leading British newspaper has reported.
Intervene with care in credit markets: BoJ's Noda
In conducting outright purchases of credit-market instruments to facilitate corporate financing, it is important to strike a balance, said Tadao Noda, a member of the central bank's rate-setting board has said.
Bank of Canada - Annual Report 2008
Structural changes to markets will be needed to restore confidence, said Mark Carney, the governor of the Bank of Canada, in the latest Annual Report.
Uniform banking rules crucial: Norway's Gjedrem
All global supervisory authorities must take a uniform approach to regulating banks, said Svein Gjedrem, the governor of the Norges Bank.
SNB's Hildebrand: crisis demands overreaction
The risks associated with doing too little are far greater than those of doing too much, Philipp Hildebrand, the vice-chairman of the Swiss National Bank, has warned.
IMF: eastern EU states must adopt euro - report
The International Monetary Fund (IMF) is alleged to have advocated fast-track eurozone accession for eastern European countries grappling with high amounts of external debt.
Fed sets up sterling, yen, euro, franc swap lines
The Federal Reserve will be able to provide sterling, euro, yen and Swiss franc liquidity to banks with American operations after agreeing swap lines with the relevant monetary authorities.
Crisis hampering eurozone integration: ECB
The European Central Bank (ECB) has warned that the pace of pan-European financial integration could slow in the wake of the financial crisis.
Plans for GCC central bank veer off track
Gulf states have yet to decide on the location of a regional central banking hub almost seven months after they were scheduled to announce the hub's site.
Tarp could cost taxpayers more
The Congressional Budget Office has raised its estimate of the ultimate cost to taxpayers of the $700 billion Troubled Asset Relief Program (Tarp) by 51%.
BoE - Credit Conditions Survey
Lenders reduced the availability of secured credit to households in the three months to mid-March, according to the latest Bank of England Credit Conditions Survey.
Depth of Icelandic cut limited on krona concern
Members of the Central Bank of Iceland's monetary policy committee decided unanimously to cut the key policy rate by a full percentage point to 17% but resisted a steeper move owing to caution about the impact on the currency, the minutes for the 17 and…
Foreclosures a worry in NY state
The number of home mortgages in foreclosure in upstate New York continues to be a concern, notes a report from the New York Federal Reserve.
RBI prepares for 75th anniversary
The Reserve Bank of India (RBI) commemorated entering its 75th year on Wednesday with a speech by the governor, who announced plans to mark its platinum jubilee.