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Fed gloomy on 2009, more bullish on 2010 and 2011
The Federal Reserve has reduced its forecast for economic growth this year, but has upgraded its projection for 2010 and 2011.
RBA's Edey has high hopes for Australia's economy
There are reasons to expect the Australian economy to continue perform better than its international counterparts, said Malcolm Edey, an assistant governor of the Reserve Bank of Australia.
Union activity linked to swings in output
Countries with high union density experience larger fluctuations in output, posits a new paper from the European Central Bank.
Basel's Wellink: focus on shadow-banking sector
Supervisors need to focus on closing regulatory gaps in their financial systems, said Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of the Netherlands Bank.
Forex reserves not perfect insurance - IMF's Kato
High levels of foreign-exchange reserves can not fully insure against a sudden stop of capital inflows, said Takatoshi Kato, a deputy managing director of the International Monetary Fund.
Canada appoints governor's adviser as deputy
Timothy Lane will replace Sheryl Kennedy as deputy governor of the Bank of Canada, the central bank announced.
Bank's MPC wants money levers to hit target
The Bank of England's Monetary Policy Committee has unanimously called for the use of tools to boost the money supply to meet its inflation target, minutes of its latest rate vote reveal.
Universal regulator model on the up
The number of countries adopting a single regulator model for the supervision of their banking, securities and insurance industries rose in 2008.
Greenspan: nationalise but protect bondholders
Alan Greenspan, a former Federal Reserve chairman regarded as one of the foremost proponents of free markets, has conceded that some American banks may need to be nationalised.
Riksbank's Svensson solves liquidity-trap problem
Lars Svensson, the deputy governor of the Sveriges Riksbank, has devised what he has labelled a "foolproof way" to escape a liquidity trap.
UK inflation stays in letter-writing territory
British CPI inflation edged down in January but less so than analysts' expected. However, RPI inflation slid sharply to a near 49-year low as mortgage costs plunged on the back of the Bank of England's rate cuts.
Banking will never be the same: BoE's Besley
The credit crisis has irrevocably and fundamentally altered the banking system and its regulation, Tim Besley, a member of the Bank of England's Monetary Policy Committee, has said.
Japan's finance minister resigns, forgets BoJ rate
Shoichi Nakagawa, Japan's finance minister, has stepped down after opposition lawmakers accused him of being drunk at a press conference at which he wrongly stated that the Bank of Japan had set a benchmark target range of between 0% and 0.2%.
Israel looks to boost economy with bond purchases
The Bank of Israel began buying government bonds on Tuesday in an attempt to pump more money into the economy.
Zim's Tsvangirai: Gono's fate "first on agenda"
Morgan Tsvangirai, the prime minister of Zimbabwe, has said that the standing of Gideon Gono, the governor of the country's Reserve Bank, is the top priority for the new legislature. The prime minister's statement follows claims by the new finance…
What moves the yield curve?
The monetary policy response to the inflation gap impacts the yield curve, says a new research form the Kansas City Federal Reserve.
Korea's target hits its aims
By having an explicit inflation target, the Bank of Korea is taking the optimum route to price stability, posits a new paper from the European Central Bank.
Emerging markets should watch fiscal positions
Emerging-market economies should pay off their debts sooner rather than later, posits new research from the Bank of England.
HKMA to keep keener eye on securities business
The Hong Kong Monetary Authority (HKMA) is set to enhance the monitoring of banks' securities business, said Y.K. Choi, a deputy chief executive at the institution.
Central Bank of Iceland - Annual Report 2007
Rising Icelandic inflation during 2007 was largely due to a surge in house prices, the country's central bank states in its latest Annual Report.
Aussie FX market strong despite stutter
The Australian foreign-exchange market has performed relatively well despite a high degree of turbulence, said Chris Ryan, the head of the international department at the Reserve Bank of Australia.
Crisis must prompt risk-management reassessment
A new wave of transformation in the standards of risk management is now a priority, Andrew Haldane, the executive director responsible for financial stability at the Bank of England, has said.
EU could face fiscal-pact threat
The European Commission's November 2008 fiscal stimulus may undermine the Stability and Growth Pact, Jan Qvigstad, the deputy governor at Norges Bank.
Look to Stockholm for bailout tips: Cleveland Fed
A Cleveland Federal Reserve study has urged officials to follow Sweden's lead in resolving the financial crisis.