Central Banks
Japan struggles to fill board vacancies
The ruling Liberal Democratic Party (LDP) has stuck with its controversial nomination of Kazuhito Ikeo to fill one of the two positions on the nine-member policy board of the Bank of Japan.
CLS adds peso and shekel to settlement fold
CLS bank announced that it will settle payment instructions in the Mexican peso and Israeli shekel this week, bringing the number of currencies processed by the bank to 17.
Mboweni on the crunch
Tito Mboweni, the governor of the South African Reserve Bank, said "the fact that we have not had to be concerned about liquidity and financial stability issues has allowed the Bank to continue focussing on its objective of bringing inflation back to…
Bank of Canada sells treasury bills
The Bank of Canada has announced that it will sell $1.8 billion of its holdings of treasury bills.
BoE money-market reforms have worked - paper
This paper by economists from the Bank of England finds that the central banks' introduction of reserves averaging since May 2006 has enhanced banks' ability to manage their daily liquidity requirements, by enabling them to trade in the interbank market…
Fed's Mishkin to step down
Frederic Mishkin, a member of the Board of Governor of the Federal Reserve, will leave the central bank at the end of August to return to academic life.
Lord Turner new FSA chairman
Alistair Darling, the British chancellor of the exchequer, has announced the appointment of Lord Adair Turner as chairman of the Financial Services Authority for a period of 5 years.
Mboweni talks tough on rates
Tito Mboweni, the governor of the South African Reserve Bank, said that the central bank's monetary policy committee has discussed the impact of a 200-basis-point hike.
TAF successful in liquidity provision
The Federal Reserve's Term Auction Facility (TAF) is relieving the liquidity concerns and lowering liquidity premiums in the inter-bank money market, a new paper by the Federal Reserve Bank of Dallas finds.
Poland keeps an eye on growth
The National Bank of Poland decided to keep the key interest rates unchanged after a notion of a 25 basis points rise did not pass, the minutes of the April monetary policy council meeting show.
BoJ: risks to global growth keeps rate on hold
Downside risks to global growth have increased due to continuing disruptions in global financial markets and sluggish growth in the United States, according to minutes of the Bank of Japan's Monetary Policy Council meeting in April.
Fund confirms Blanchard appointment
Amidst the departure of several high-ranking staff, the International Monetary Fund has announced the appointment of Olivier Blanchard, the highly respected professor from the Massachusetts Institute of Technology (MIT), as its new chief economist and…
Norway holds rates as inflation creeps up
Norway's central bank kept its policy rate at 5.5% in the face of above-target inflation, concerns over continued market turbulence and signs of slowing growth.
Poland leaves rates unchanged
The ten-strong rate setting council of the National Bank of Poland voted to keep its reference rate at 5.75% as inflation fell but remained above target.
Is Iran's Mazaheri to be replaced?
Sections of the Iranian media have reported that Tahmasb Mazaheri, the governor of the country's central bank, is to be replaced less than nine months after taking the top job.
Political spat threatens further BoJ appointments
Japan's main opposition party has rejected yet another candidate for a senior role at the Bank of Japan.
Netherlands to probe effect of bankers' pay
The Netherlands Bank is to scrutinise the impact of bankers' bonuses on risk taking, the governor of the institution has said.
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
Finland rakes in €10m from property sale
The Bank of Finland has made about €10m ($15.7m) from the sale of an apartment block in the centre of Helsinki.
IMF urges central bankers to hike rates
Policymakers would be better off reacting to the recent surge in commodity prices by raising rates, new research published by the International Monetary Fund states.
RBA suggests settlement system improvements
The Reserve Bank of Australia has unveiled a series of recommendations aimed at improving the settlement process of, and broader market functioning for, Australian equities.
Former Bank of Italy chief to stand trial
Antonio Fazio, a former governor of the Bank of Italy, will go to court in October to answer questions over his alleged role in a takeover scandal.