Central Banks
UK inflation soars to more than double BoE target
The Bank of England will publish its quarterly Inflation Report on Wednesday with annual inflation at more than double its 2% target.
US and European central banks too transparent
Major central banks such as the Federal Reserve, the Bank of England and the European Central Bank (ECB) may be too transparent, new research finds.
Chinese inflation falls for third-straight month
Chinese consumer price inflation fell to a ten-month low of 6.3% in the year to July.
RBA looking to lower rates
The Reserve Bank of Australia has reiterated that it will soon cut its key rate, now at a 12-year high, on signs that high borrowing costs are now curbing domestic demand.
Simpsons cartoon hero coined on euro
A Spanish shopkeeper has found a defaced euro coin bearing the head of Homer Simpson, the star of the Simpsons cartoon series.
Egypt fears second-round effects, raises rates
The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.
Fed carrying out covert liquidity tests - report
The Federal Reserve is subjecting the biggest investment banks to stringent liquidity tests, say reports.
Fiji: use electronic payments system more
Bank customers need to use Fijiclear, Fiji's electronic payments system, more, said Sada Reddy, the deputy governor of the country's Reserve Bank.
Russia embraces euro
The euro has gained in importance in Russia as an anchor and reserve currency, according to a new paper from the European Central Bank.
SWFs do not distort asset prices
Investments by sovereign wealth funds that are not economically motivated will not distort asset prices, finds new research from the European Central Bank.
Czechs move on currency fears
The Czech National Bank has cut its benchmark rate for the first time in three years in a bid to halt the koruna's climb.
Official sector shunning US mortgage agency debt
Despite the implicit government guarantee being made explicit last week, official institutions seem keen to sell paper issued by Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.
Fiji court backs central bank on accounts claim
The High Court of Fiji has said that the country's central bank does not have to give the Auditor General access to its accounts.
New York Fed names new IT systems head
William Christie, the director of information systems at Commerce Bank, will join the New York Federal Reserve as an executive vice-president and head of the automation and system services group.
RBI to introduce currency futures
The Reserve Bank of India is set to introduce currency futures after finalising rules to sell the instruments on Thursday.
We've got money to burn: Hungary
The National Bank of Hungary is offering bricks made up of its cancelled banknotes for charities to burn for fuel.
Korea unexpectedly raises rates
The Bank of Korea raised its benchmark rate to an eight-year high on Thursday in a surprise move.
Bank of England holds
The Bank of England left its benchmark rate at 5% on Thursday.
ECB hints at rate pause for coming months
Jean-Claude Trichet, the president of the European Central Bank (ECB), indicated on Thursday that eurozone rates were now high enough to bring inflation back to target.
Serbia's Jelasic: more e-payments competition
The National Bank of Serbia wants to strengthen competition in payment transactions by supporting non-bank institutions, such as mobile operators, said Radovan Jelasic, the governor of the central bank.
HKMA: China should step up tightening
The increase in headline inflation in mainland China calls for additional monetary tightening measures, said Hans Genberg, an executive director of the Hong Kong Monetary Authority.
GCC inflation is imported
Inflation rates in trading partners are the main driver of price pressures in Saudi Arabia and Kuwait, finds a new paper from the International Monetary Fund.
Monetary transmission - markets compared
Monetary transmission mechanisms in emerging markets work with a shorter time lag than those in developed countries, according to a new research from the International Monetary Fund.
Bank's risk forecasts not effective
The Bank of England's risk forecasts for inflation do not perform well, finds new research from the Deutsche Bundesbank.