Central Banks
Poland raises rates a quarter point
The National Bank of Poland increased rates by a quarter point on Wednesday.
Turkey will conquer inflation: Yilmaz
The Central Bank of Turkey will not dodge its responsibility for the maintenance of price stability, Durmus Yilmaz, the governor of the institution, stated.
Fed's Kohn advocates exchange-rate flexibility
Donald Kohn, the vice-chairman of the Federal Reserve, has said that the gains from monetary policy would be better achieved with more exchange-rate flexibility.
The determinants of euro's global currency role
A research note from Deutsche Bank finds four factors that would lead to a rise in the use of the euro as an international currency by 2010.
Norwegian rates rise to five-year high
Norges Bank has increased its benchmark rate by a quarter point to 5.75%, its highest level since January 2003.
Saudi governor confirms GCC currency plan changes
The Gulf Cooperation Council (GCC) looks set to drop its 2010 target for monetary union after the governor of the Saudi Arabian central bank said that it would take longer than two years to establish a common currency.
SWFs involved in Barclays's £4.5 billion share off
Two sovereign wealth funds will invest a combined amount of almost £2 billion (£3.93 billion) in Barclays, the bank said on Wednesday.
Former Indonesian governor stands trial
Burhanuddin Abdullah, the former governor of Bank Indonesia who is facing corruption charges, appeared in court on Wednesday.
World Bank publishes governance indicators
Several of the world's emerging economies now have better governance standards than their industrialised peers, the World Bank's latest governance indicators reveal.
Trichet reiterates price stability commitment
Jean-Claude Trichet, the president of the European Central Bank, has said that the rate-setting Governing Council is strongly determined to secure the firm anchoring of longer-term inflation expectations.
India acts on double-digit inflation
The Reserve Bank of India on Tuesday made its second emergency rate increase this month, raising borrowing costs by half a point after inflation reached a 13-year high last week.
Tussle forces Tokyo to drop Ikeo nomination
Japan's ruling party will abandon its bid to appoint Kazuhito Ikeo to the Bank of Japan's rate-setting council after the opposition said it would no longer support the move.
Knight departure prompts BIS governance queries
A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.
Czechs hit out at financial disclosure reports
The Czech National Bank has warned that publication of senior employees' financial positions is illegal after press reports emerged detailing the expenditures of senior staff members.
Central bank took too long to hike: Polish PM
Donald Tusk, Poland's prime minister, has criticised the country's central bank for failing to hike rates sooner to curb inflation.
Norges Bank - Payments Systems Annual Report 2007
Svein Gjedrem, the governor of Norges Bank, urged banks to charge for their payment services in order to cover the costs associated with payment systems.
RBI will act to curb double-digit inflation: Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, indicated on Monday that the central bank would move to counter inflation, now at a 13-year high.
Friends of Gieve defend departing deputy
Friends of Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England who announced his decision to step down last week, have rebutted claims that he was culpable for the run on Northern Rock.
Hungary surprises markets with rate hold
The National Bank of Hungary confounded expectations by opting to keep rates at 8.5%.
Fed should hold rates: IMF
The International Monetary Fund said on Friday that the Federal Reserve should keep rates at 2%.
BoJ Americas chief to take director-general role
Tadashi Nunami, the general manager for the Americas and chief representative at the Bank of Japan's New York office, will replace Toshio Idesawa as director-general of the central bank's international department.
Interbank tensions remain: SNB's Jordan
Money markets are still exhibiting signs of stress despite clear signs of a return to calm, Thomas Jordan, a member of the Swiss National Bank's governing board, noted.