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US liquidity impacts eurozone inflation
Excessive liquidity in the United States weakens the effectiveness of monetary policy in the euro area, a new paper from the International Monetary Fund posits.
South Africa's Mboweni rejects ANC seat
Tito Mboweni, the governor of the South African Reserve Bank, has turned down the chance to stand as a candidate for the African National Congress (ANC), the ruling political party, in the country's upcoming general elections. The decision signals that…
Denmark details release schedule for new notes
The National Bank of Denmark will begin issuing a new Dkr50 ($8.75) bill, the first in a new series of banknotes, on 11 August.
Fed holds on Treasury issue, flags deflation risk
The Federal Open Market Committee (FOMC) said that it could buy longer-term Treasury securities, but only if market conditions were right. The committee also acknowledged that inflation may fall to "below rates that best foster growth and stability".
Orphanides comments highlight ECB divide
Comments by the governor of the Central Bank of Cyprus on Wednesday underlined the split between members of the European Central Bank's (ECB) Governing Council on whether eurozone interest rates should fall to zero.
NZ makes another mammoth cut, rates hit fresh low
The Reserve Bank of New Zealand slashed its benchmark official cash rate by 150 basis points to a new all-time low of 3.5% on Thursday and signalled it could cut again in the coming months.
National Bank of Macedonia - Annual Report 2007
In 2007, the Macedonia economy grew by a record amount, with GDP growth of 5.1%, says the latest Annual Report from the National Bank of Macedonia.
Education pays more in the US than Canada
Education has more impact on pay in the United States than in Canada, posits research from the Bank of Canada.
Research assesses risk-management methods
A paper from the Hong Kong Monetary Authority compares different methods for estimating and forecasting the volatilities and correlations of asset returns.
Trichet: euro is not dollar's competitor
The euro was not created to compete with the dollar, said Jean-Claude Trichet, the president of the European Central Bank (ECB).
St Louis Fed elects new chair
The St Louis Federal Reserve has named Steven Lipstein, the president and chief executive of BJC HealthCare, the chair of its board for the coming year.
Ukraine president to block move to sack governor
Viktor Yuschenko, the Ukraine's president, is to launch a legal bid to render parliament's latest attempt to oust the governor of the country's central bank invalid.
Italy's Saccomanni hits out at protectionist claim
Fabrizio Saccomanni, the director general of the Bank of Italy, has attacked claims that a new facility set up by the central bank is protectionist.
Bailouts unnecessary if Basel II rules were laxer
A minor change to Basel II would have made it possible to restore much of the confidence in the banking industry without governments having to inject capital in the short term, economists have said.
FDIC may run US bad bank
The Federal Deposit Insurance Corporation (FDIC), a key American regulator, could manage a bad bank that the Obama administration is likely to soon set up, say reports.
Global growth to slump to 60-year low in 2009: IMF
The International Monetary Fund (IMF) said on Wednesday that it expected world growth to fall to 0.5% this year, its lowest rate since World War II.
Wage cuts less likely in less flexible markets
Research from Norges Bank finds that it is more difficult to cut wages in economies where labour markets are less flexible.
ECB's Tumpel-Gugerell: crisis impacting economy
The eurozone is experiencing a severe financial crisis that has begun to impact the real economy, said Gertrude Tumpel-Gugerell, a member of the European Central Bank's executive board.
Bank of Guyana - Annual Report 2007
In 2007, domestic inflation rose to its highest level in nearly two decades, notes the latest Annual Report from the Bank of Guyana.
BoJ's Shirakawa: we'll monitor macro risks more
The Bank of Japan will continue to strengthen and exercise its role in managing macroprudential risks, said Masaaki Shirakawa, the governor of the central bank.
Poland slashes on "considerable" slowdown
The National Bank of Poland cut rates by 75 basis points to their lowest level since April 2007 on Tuesday, citing flagging growth and lower inflation.
India holds but signals cuts could come
The Reserve Bank of India kept its benchmark repo rate at an all-time low of 5.5% on Tuesday but indicated it could soon cut further with the Indian economy vulnerable to the fallout of the financial crisis.
Supervisors must change bonus culture: Wellink
Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of De Nederlandsche Bank, has called on supervisors around the world to tackle banks' "generous" bonus culture.
Dudley takes helm at NY Fed, Geithner sworn in
William Dudley, the executive vice president of the markets group at the New York Federal Reserve, is to succeed Tim Geithner as president of the central bank after Geithner was sworn in as US Treasury secretary on Monday.