Central Banks
Coordination was unprecedented, says Goodhart
The joint action by five of the world's leading monetary authorities was a move unprecedented in central banking, said Charles Goodhart, a former member of the Bank of England's monetary policy committee.
Australia raises rates to fresh high
The Reserve Bank of Australia's rate-setting board voted to raise rates 25 basis points to 7%, their highest level in over 11 years.
Poland's Skrzypek wants ex-deputy in Pruski role
Slawomir Skrzypek, the president of the National Bank of Poland, has nominated Witold Koziski, an economics professor at Warsaw University and a former deputy president, to replace Jerzy Pruski, who quit last week.
Polish legality issue reveals law's flaws
Krzysztof Rybiski, a former deputy president of the National Bank of Poland, has said the arguments over the legality of organisational changes proposed by Slawomir Skrzypek show "serious flaws" in the design of the country's central bank act.
Sri Lankan inflation set to fall - Cabraal
Inflation in the Sri Lankan economy is set to moderate in the second half of this year, Nivard Cabraal, the governor of the central bank said.
Securitisation trend impacted borrowing standards
A greater ability to securitise mortgages appears to have affected lenders' behaviour, a paper published by the Centre for Economic Policy Research finds.
Romania raises rates by 100 basis points
The National Bank of Romania surprised markets on Monday by raising its benchmark rate a full percentage point to 9%.
Skrzypek plans may damage credibility: Polish MPC
The National Bank of Poland's rate-setting council has said that organisational changes proposed by Slawomir Skrzypek, the president of the central bank, should be dropped while doubts remain over their legality.
Russia raises rates, ups reserve ratio
The Central Bank of Russia has hiked rates and its reserve ratio requirements in a bid to curb inflation.
Japan's Nukaga scuppers sovereign fund plans
Fukushiro Nukaga, Japan's finance minister, said last Friday that the government was unlikely to set up a sovereign wealth fund because of the risks associated with such a move.
Canadian exchange rate key to monetary policy
The exchange rate of the loonie is a key element of the Bank of Canada's monetary policy framework, said Paul Jenkins, the senior deputy governor at the central bank.
Canada's inflation success down to more than luck
The price level in Canada has strayed little from the path implied by the 2% inflation target because expectations and interest rates are determined in a way that is consistent with price-level-path targeting, research published by the international…
Six lessons from the recent turbulence
Hermann Remsperger, a member of the executive board at the Bundesbank, outlined the lessons that have emerged so far from the turmoil that has plagued financial markets since August.
Eurozone inflation hits record high
Eurozone inflation has climbed to its highest level since the European Central Bank was founded in 1999, an early estimate shows.
Fed to add another $60 billion in February
The Federal Reserve said on Friday that it will inject an extra $60 billion into the money markets through two term-auction facility operations.
Philippines lowers rates to 5%
The Central Bank of the Philippines's rate-setting monetary board on Thursday cut its key policy rate by a quarter-point to 5%.
Qvigstad appointed deputy at Norway central bank
Jan Qvigstad, the head of monetary policy at the Bank of Norway, will succeed Jarle Bergo as deputy governor.
Fed faces uncertain times and difficult decisions
Stephen Cecchetti, the Rosenberg professor of global finance at the Brandeis International Business School, discusses why the outlook for the United States economy is so hard to call and if the Federal Reserve was right to cut rates.
Joint rate moves have little benefit
The gains from monetary policy coordination in the United States and the eurozone are small, research published by the European Central Bank finds.
South Africa holds rates
The South African Reserve Bank's rate-setting board voted on Thursday to hold rates at 11%.
Fed profits up 13%
The Federal Reserve System was $38.6 billion in the black for 2007.
Pakistan rates up by half a point
The State Bank of Pakistan's rate-setting board has raised its benchmark interest rate by 50 basis points to 10.5%.
Finland appoints new financial markets head
The Bank of Finland has promoted Kimmo Virolainen to the position of head of financial markets and statistics.
Poland raises rates to 5.25%
The National Bank of Poland's rate-setting monetary policy council opted to hike its benchmark reference rate by 25 basis points on Thursday.