Central Banks
RBNZ - November Financial Stability Report
Global market conditions continue to affect the cost and accessibility of offshore funding on which the New Zealand banking system relies, says the latest Reserve Bank of New Zealand's Financial Stability Report.
Euro a solution for currency risk: Hungary's Simor
Euro adoption could help eliminate potentially dangerous currency mismatches, said Andras Simor, the governor of the National Bank of Hungary.
INTERVIEW: Raghuram Rajan
Raghuram Rajan, a professor at the University of Chicago and a former chief economist at the International Monetary Fund (IMF), talks to CentralBankNews.com about the future role of the Fund.
Bank could have cut by 200bp
Members of the Bank of England's Monetary Policy Committee, who shocked markets earlier this month when they slashed rates by 150 basis points, had considered an even bigger cut.
Trichet defends decision to keep minutes secret
Jean-Claude Trichet, the president of the European Central Bank (ECB), has defended the institution's decision to keep details of its monetary policy meetings under wraps, saying the publication of minutes could damage credibility.
Fed's Kohn unconvinced rates should burst bubbles
The Federal Reserve's vice-chair believes it is still wrong for monetary policy to aim at bursting asset price bubbles despite events since last summer.
Kuwait enhances operations to restore liquidity
The Central Bank of Kuwait on Wednesday has launched new open-market operations in a fresh bid to shore up liquidity.
Paulson blames lack of time for Tarp u-turn
The US Treasury reneged on its earlier promise to buy banks' distressed assets because it ran out of time, Hank Paulson, the US treasury secretary told Congress on Tuesday.
Public to blame for inflation: Zimbabwe's Gono
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has said the public are to blame for the country's bout of hyperinflation.
British inflation dips by record amount
British annual inflation fell to 4.5% in October, down from 5.2% the previous month, on the back of the slump in oil prices. The 0.7 percentage point slide is the biggest since January 1997, when official records began, and since April 1992 based on…
IMF's Lipsky: fiscal stimulus required
Global fiscal stimulus of 2% of GDP is required in the current situation, said John Lipsky, the first deputy managing director of the International Monetary Fund.
Fed's Hoenig wants rules for Wall Street failures
A clear set of rules for handling investment bank bankruptcies is needed, said Thomas Hoenig, the president of the Kansas City Federal Reserve.
RBA justifies November cut
An attempt to reduce the risk of a sharp weakening of demand was behind the Reserve Bank of Australia's cut in the cash rate by 75 basis points to 5.25%, according to minutes of the November meeting.
INTERVIEW: Charles Wyplosz
Charles Wyplosz, a professor at the Graduate Institute, Geneva, and an occasional consultant to the International Monetary Fund and World Bank, tells CentralBankNews.com why the Fund cannot play a role in regulating the financial system, why the Paulson…
CNB's Singer: inflation to dip in 2009
Headline inflation is expected to drop below the current 3% inflation target in 2009 and to hit the new target of 2%, set for 2010, at the end of next year, said Miroslav Singer, a vice governor of the Czech National Bank.
Bank of Latvia - Annual Report 2007
Ilmars Rimsevics, the governor of the Bank of Latvia, praised Riga for implementing inflation-curbing measures, in the central bank's latest Annual Report.
Economists back Bernanke
Private-sector economists have come out in strong support of Ben Bernanke, the embattled chairman of the Federal Reserves, suggesting that the new Obama administration should reappoint him in January 2010.
Fed's Kohn: macro models wrong
Macroeconomic models used by central banks to inform their monetary-policy decisions are clearly inadequate, admitted Donald Kohn, the vice-chairman of the Federal Reserve.
Pakistan lifts rates to stem crisis
The State Bank of Pakistan raised interest rates by 2% in an attempt to control inflation, which has spiralled to 25%.
Pakistan's Akhtar: inflation alert
High inflation is hurting Pakistan's competitiveness and eroding the purchasing power of the poor, said Shamshad Akhtar, the governor of the State Bank of Pakistan.
Bank of England sees deep recession
The Bank of England sharply adjusted its outlook for growth and inflation in the British economy, saying it was "very likely" that the UK was already in a recession that could last until 2010.
Slovakia rates to keep up with the ECB
The National Bank of Slovakia (NBS) on Tuesday decided, at an irregular monetary meeting, to cut its key rate by half a point to 3.25%.
Remittances suffer in the wake of turmoil
Remittance flows to developing countries slowed in the third quarter of 2008 and are expected to slow further in 2009 due to the global financial crisis, a new report from the World Bank finds.