Central Banks
Riksbank drops CPIX inflation measure
Barbro Wickman-Parak, the first deputy governor of the Riksbank, said on Monday that the central bank would phase out its use of the CPIX inflation measure.
GCC governors back regional CB plans
Central bank governors in the gulf have taken a significant step towards monetary union, backing the creation of a regional central bank.
Indonesia to target overnight rate
The Bank of Indonesia is looking to enhance its liquidity provision by targeting an overnight interbank rate close to its benchmark rate.
Stability risks have risen: ECB
The risks to euro-area financial stability have increased over the last six months, the European Central Bank said in its latest Financial Stability Review.
Kansas City Fed uncovers optimal inflation rate
Central bankers should aim for inflation of between 0.7% and 1.4% a year, research published by the Kansas City Fed states.
Targeting impacts little on inflation expectations
Inflation targeting by Latin American central banks is failing to have the desired effect on economic agents' inflation expectations, research published by the Central Bank of Chile finds.
China raises reserve ratio full percentage point
The People's Bank of China upped its reserve requirement ratio by 100 basis points for the first time this year in a fresh bid to cool its overheating economy.
Russia raises rates unexpectedly
The Central Bank of Russia lifted its key refinancing rate by a quarter point to 10.75% for the third time this year on Monday.
UK PPI hits fresh high, Bank may look to hike
Chances that the Bank of England's next rate change will be a rise rather than a cut rose on Monday after government data revealed a surge in factory-gate inflation.
Brazil may fast-track SWF law
Brazil's finance minister on Monday said that the country will set up a sovereign wealth fund in spite of recent reports that the country's president may reject the plans.
Turmoil caused by lethal cocktail: Buba's Weber
Axel Weber, the president of the Bundesbank, blamed the credit crunch on a cocktail of events.
Fed faces quandary after jobless rate surges
The Federal Open Market Committee (FOMC) may have to make another rate cut later this month after unemployment shot up at its fastest rate for 22 years.
City bankers set for stability role
A team of City of London bankers could support the Bank of England's efforts to foster financial stability, Alistair Darling, the chancellor, said Thursday.
Moral hazard talk reveals Fed divide
Comments from regional Federal Reserve presidents have underlined a Federal Open Market Committee (FOMC) split over the central bank's support of Wall Street, particularly its bailout of Bear Stearns.
Crunch set to have radical shift on reserve trends
Central bankers are acknowledging that the credit crunch is set to have a major impact on their reserve management policies.
Central bank action could lead to inflation
Thomas Jordan, a member of the Swiss National Bank's governing board, has warned that central banks' response to the credit crunch could precipitate inflation.
Chinese monetary policy impacts region
The People's Bank of China's rate moves impact economic growth and inflation in a number of east Asian economies, research published by the Bank of Finland finds.
Trichet steps up inflation rhetoric, hints at hike
Jean-Claude Trichet, the president of the European Central Bank, indicated that the institution's governing council could raise rates as soon as next month despite continuing turmoil in financial markets.
Ikeo gets the nod as Japanese opposition folds
Kazuhito Ikeo, an economics professor, will join the Bank of Japan's Monetary Policy Council after the country's main opposition party decided to revoke its earlier rejection of his nomination.
Chinese fund to invest $7.4bn in private equity
A Chinese sovereign fund could invest as much as $7.4 billion in the private equity industry.
Bank holds rates as expected
The Bank of England left its key rate at 5% for the second straight month on Tuesday.
Nobel laureate foresees dollar crisis
The value of the greenback could collapse within the next five years without reform of the global monetary system, Robert Mundell, a Nobel Prize-winning economist, has said.
Riksbank's Nyberg on the pros of card payments
Lars Nyberg, a deputy governor of the Riksbank, has urged Swedish consumers to pay for goods with cards rather than cash.