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Reducing foreclosures essential - Fed's Duke
We need to strengthen and augment our efforts to reduce preventable foreclosures, said Elizabeth Duke, a governor at the Federal Reserve.
Denmark's incredible price stability
The past five centuries in Denmark have been dominated by price stability, posits a new paper from the National Bank of Denmark.
Irish citizens no good at making financial plans
The Irish population saves too little, finds a new study from the Central Bank and Financial Services Authority of Ireland.
Riksbank's policymakers cut on worsening outlook
The Executive Board of the Riksbank unanimously backed a repo rate cut of 100 basis points to 1%, the minutes of the 10 February meeting reveal.
Framework for defaults required - BoJ's Shirakawa
The framework to deal with troubled financial institutions needs to be better developed, said Masaaki Shirakawa, the governor of the Bank of Japan.
Romania wants to accelerate euro adoption
Bucharest is looking in to adopting the euro before the current target of 2014 in order to more closely link Romania's economy with other members of the European Union.
Riksbank names new monetary policy deputy
Jesper Hansson, formerly the head of the monetary policy forecasting division of the Riksbank, is the new deputy head of the central bank's monetary department.
SA inflation dips as new gauge introduced
South African inflation plunged by more than two percentage points last month following the introduction of a new inflation basket.
Fears for zloty outweigh calls for cuts
The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…
EU group: extend regulation, burst bubbles
The much-awaited de Larosiere report on financial regulation in the European Union (EU) has urged central bankers to burst asset-price bubbles with monetary policy and monitor all systemically-important financial institutions.
Eastern Europe counters currency attacks
Four eastern European central banks have made a coordinated effort to bolster their currencies, saying recent sharp depreciations fail to reflect economic fundamentals.
Canada has a tough year ahead - Jenkins
The year ahead will be a difficult one for Canada, said Paul Jenkins, the senior deputy governor of the country's central bank.
HKMA's Yue woos Islamic finance investors
Hong Kong can make significant contribution to the global Islamic finance market, said Eddie Yue, a deputy chief executive of the Hong Kong Monetary Authority.
CNB's Tuma not keen on bursting bubbles
Whether monetary policy to react to changes in asset prices still remains questionable, said Zdenek Tuma, the governor of the Czech National Bank.
Transparency: too much of a good thing?
Too much monetary policy transparency can be bad, finds a new paper from the Bank of Japan.
Fed site looks to clarify balance-sheet growth
The Federal Reserve has launched a new section of its website to explain why its balance sheet has doubled since the beginning of the crisis.
Price target will settle expectations: Bernanke
The Federal Reserve's ushering in of an implicit inflation target should lead to more stable price expectations, the head of the central bank has said.
Malaysia reneges on pledge to hold firm
Bank Negara Malaysia has cut its benchmark rate by a further half a point despite indication earlier this month that it would hold back on further loosening.
UAE aids Dubai with $10bn bond purchase
The Central Bank of the United Arab Emirates has acted on fears that Dubai will not be able to repay its debt by buying $10 billion-worth of the emirate's bonds.
This was always a crunch to be fought on 2 fronts
Charles Wyplosz, a professor at the Graduate Institute, Geneva, and an occasional consultant to the International Monetary Fund and World Bank, tells CentralBankNews.com why reviving banks' health was always going to take more than capital injections.
EU backs pledge to fill IMF coffers to $500bn
The International Monetary Fund (IMF) needs to bolster its lending capacity to $500 billion, leaders of Europe's biggest economies have said. The move comes amid concern that the Fund will be unable to avert the collapse of some central and eastern…
Korea may use reserves to support won - report
The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.
US regulators pledge to support banks
America's regulators on Monday moved to shore up sentiment in the country's flagging financial sector, saying they would support systemically important institutions.
Trichet pushes for greater regulatory role
Jean-Claude Trichet, the president of the European Central Bank (ECB), has called for European Union to grant his institution a greater regulatory role.