Central Banks
Japan maintains 0.5% target as Fukui steps down
The Bank of Japan opted to keep rates on hold for the 15th straight vote.
Greek strike ruled illegal
A court ruled the walkout at the Central Bank of Greece illegal.
Inflation expectations up: Fed's Geithner
Timothy Geithner, the president of the New York Federal Reserve, has acknowledged that inflation expectations have risen in the US.
New insights on monetary policy
Monetary policy can, contrary to received wisdom, be forward looking without compromising stabilisation, finds a new European Central Bank paper.
BoE holds rates at 5.25%
The Bank of England has opted to keep rates on hold, as expected, following last month's cut and relatively favourable data on growth.
Near-term cut unlikely as ECB takes neutral tone
Jean-Claude Trichet, the president of the European Central Bank (ECB), signalled that the governing council is unlikely to back a rate cut in the coming months.
ECB reveals executive board salaries
In keeping with their inflation-fighting mandate, senior staff at the ECB gave themselves a 2% pay rise last year.
Morocco set to fast-track FX reform
Abdellatif Jouahri, the governor of the Central Bank of Morocco, has hinted that the dirham could move to a floating exchange rate regime early than previously thought.
New Zealand holds rates at 8.25%
The Reserve Bank of New Zealand kept rates unchanged for the seventh straight month.
Price-level-path targeting would suit Canada
Simple price-level-path targeting performs slightly better than simple inflation targeting when the Canadian economy is confronted by shocks, states a new Bank of Canada research.
EU's Barroso notes concern over euro's strength
Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.
Bank Indonesia investigation officer arrested
Indonesian anti-corruption officials have arrested a prosecutor investigating allegations of misuse of central bank funds on suspicion of bribery.
Czech's Tuma predicts currency depreciation
Zdenek Tuma, the governor of the Czech National Bank, has said that he expects recent gains in the koruna to be corrected.
RBA's Debelle on bond market
Australian banks, having sound balance sheets, have been able to maintain their pre-crisis pace of bond issuance and have continued to directly access wholesale funding throughout the recent period of turmoil, said Guy Debelle, an assistant governor at…
Ex-governor knocks RBA as rates hit 12-year high
Bernie Fraser, a former governor of the Reserve Bank of Australia, has spoken out against the decision to raise rates to a fresh 12-year high.
Canada chops half a point off rates
The Bank of Canada has cut rates by 50 basis points to 3.5% amid fears of a more severe slowdown in the US.
Strauss-Kahn complains of "overly powerful" ECB
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has said that the lack of a political counterweight for the European Central Bank (ECB) has made the institution too powerful.
Simply the best for policy, says Fed's Plosser
Simple rate-setting rules based on publicly observable information are the best to use, said Charles Plosser, the president of the Philadelphia Federal Reserve.
Former Hungarian governor joins race for EBRD job
Budapest has nominated Gyorgy Suranyi, a former governor of the National Bank of Hungary, to succeed Jean Lemierre as president of the European Bank for Reconstruction and Development (EBRD).
Tokyo to set up wealth fund, says report
The Japanese authorities may be hatching plans to start a sovereign wealth fund.
Fed auctions to run into March
The Federal Reserve is set to continue its Term Auction Facility operations into March, pledging another $60 billion to alleviate money market tensions.
Value for money: Financial accountability for central banks
In this introduction to the special feature, John Mendzela explains why central banks are under increasing pressure to be financially accountable
Credit crunch – phase two
The credit crisis that started in August last year has moved into a destabilising second phase, with equity markets and the real economy looking increasingly shaky. This section analyses central banks’ response to the long-running crisis
Why Argentina did not have a currency board
The commonly held belief that Argentina ran a currency board from 1991 to 2002 is wrong, argues Steve Hanke