Central Banks
Markets discipline governments
Markets are exerting pressure on governments to improve the state of public finances and restore competitiveness, a new paper from the International Monetary Fund reveals.
Turkey explains another cut
The Central Bank of Turkey cut rates by 50 basis points in May as data offered no signs of recovery in economic activity of employment, the minutes for the 14 May meeting reveal.
Weakness in dollar only "temporary" - UAE governor
Sultan Nasser Al Suwadi, the governor of the Central Bank of the United Arab Emirates, said that he perceived the weakness of the dollar as a "temporary situation".
Egyptian central bank to sell bank stake
Farouk al-Okdah, governor of the Central Bank of Egypt, told reporters that the central bank intends to sell its minority stake in British Arab Commercial Bank (BACB).
Latvia allays devaluation fears
Einars Repse, Latvia's finance minister and a former governor of the Bank of Latvia, on 29 May reinforced comments by Ilmars Rimsevics, the governor, that the country was not facing a currency devaluation.
Your assets are safe, Geithner tells China
Timothy Geithner, US treasury secretary, sought to reassure the US's largest foreign creditor regarding its investments in dollar-denominated government debt.
Can Sack fill Dudley's shoes?
Brian Sack will takes on a very different job from that of his predecessors at the NY Fed writes Claire Jones
Uganda's Tumusiime-Mutebile: more aid needed
Multilateral institutions could assist African economies by providing balance of payments support as well as structural adjustment loans for countries dependent on primary commodity exports, said Emmanuel Tumusiime-Mutebile, the governor of the Bank of…
CDS auctions improve settlement efficiency
Credit default swap (CDS) auctions have the potential to enhance the efficiency of settlement, new research from the New York Federal Reserve reveals.
Dallas's Fisher: do not politicise regional Feds
Richard Fisher, the president of the Dallas Federal Reserve called on US lawmakers not to "politicise" the central bank by taking a role in selecting the presidents of district banks.
Bank may extend support operations
Paul Tucker, deputy governor of the Bank of England said on 28 May that the Bank might give permanent form to some of the programmes it created specially during the financial crisis.
Cen banks must take long-term view - Buba's Weber
The president of the Bundesbank, Axel Weber, said central banks should consider whole economic cycles, rather than simply shorter-term "snapshots", when they are setting monetary policy.
Bulgarian governor wins second term
Ivan Iskrov has been granted a second stint as governor of the Bulgarian National Bank (BNB), after two-thirds of lawmakers voted in favour of his reappointment.
Bank of Canada - Spring Review
The Spring issue of the Bank of Canada Review considers changes to the country's inflation-targeting framework.
Japan's Shirakawa sees mild recovery ahead
Masaaki Shirakawa, the governor of the Bank of Japan, was guardedly optimistic in his outlook for the economy.
Norway's Qvigstad: banks need more capital
Banks need more capital to improve access to funding and to be more robust, said Jan Qvigstad, the deputy governor at the Norges Bank.
Debt discharge no guarantee for a clean start
Debt discharges fail to generate a fresh start as intended by the law, new research from the Federal Reserve Board posits.
Ukraine's central bank faces auditors
Accusations of mismanagement and corruption at the National Bank of Ukraine are to be investigated by international auditors, according to an official at the central bank.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
Further cuts possible in Czech interest rates
Miroslav Singer, the vice-governor of the Czech National Bank, has dropped strong hints that further interest-rates cut will be on the cards if the economic situation demands it.
Philippines cuts to 17-year low
The Central Bank of the Philippines has cut its main policy rates by 25 basis points, taking the overnight borrowing rate to new lows of 4.25%.
EU to implement De Larosiere group's proposal
The European Commission has proposed a raft of ambitious reforms to the region's supervisory framework, building on guidelines set out in the recent De Larosiere report.
Policy time horizon must be extended: Shirakawa
The time horizon for rate decisions must be extended as a result of the financial crisis, Masaaki Shirakawa, the governor of the Bank of Japan, has warned.