Central Banks
IMF's Lipsky cautious on recent bout of calm
John Lipsky, the first deputy managing director of the International Monetary Fund, refused to call the end of the global turmoil in a speech on Tuesday.
Discomfort over inflation led RBA to hold
Despite signs that domestic demand is weakening, Reserve Bank of Australia opted to leave rates at a 12-year high of 7.25% in May on the back of "uncomfortably high" inflation figures.
We must avoid the errors of the 70s: Trichet
Jean-Claude Trichet, the president of the European Central Bank (ECB), has warned that the world's central bankers risk a return to the dark days of the 1970s if they cut rates in the current climate.
Lomax decides to quit the Bank
Rachel Lomax, a deputy governor at the Bank of England, will leave when her term ends at the end of June.
Ghana raises rates by 175bp
The Bank of Ghana has hiked its benchmark interest rate to 16% on the back of soaring inflation.
Bernanke letter confirms interest payment plans
Ben Bernanke, the chairman of the Federal Reserve, has called on Congress to allow the institution to pay interest on banks' reserves - a move reported earlier this month. The change will stop interbank charges falling below the federal funds rate.
Bundesbank expects euro inflation to accelerate
The Bundesbank on Monday said it expects inflation to increase further in the coming months and that the measure could stay above the European Central Bank's (ECB) target in the long term.
Core inflation no better than other measures
New research published by the Philadelphia Federal Reserve dismisses claims that core inflation is a better predictor of total inflation.
Fed's Pianalto defines inflation
Sandra Pianalto, the president of the Cleveland Federal Reserve, has clarified the difference between relative-price pressures and inflation.
Turkey shifts stance on rates
Turkey has leapfrogged Iceland as the European state with the highest interest rate after the country's central bank backed a 50 basis-point hike on Thursday.
RBA appoints new assistant governor
The Reserve Bank of Australia has promoted Keith Hall to the position of assistant governor responsible for banking and payments.
Denmark raises rates
The Nationall Bank of Denmark lifted its key rate by 10 basis points on Friday in a bid to support the krone.
NY Fed's Dudley on the crunch's causes
The recent market turmoil has been driven by two developments, says William Dudley, an executive vice president of the New York Federal Reserve.
What a revaluation of the renminbi could achieve
Marvin Goodfriend underlines the limits to what an appreciation of the Chinese currency would mean for the American trade deficit
Russia’s monetary dilemma
Time is running out for Russia to deal with its “problem of success”. There are three possible ways forward, writes Bill Allen
Argentina’s crippling fear of floating
Argentina’s history of crises has haunted successive generations of policymakers, argues Vladimir Werning
Colombia’s communication challenge
Lavan Mahadeva, Diana Mejía Anzola and Jose Darío Uribe Escobar outline the steps the Colombian central bank has taken in communicating with different audiences
Central banking in paradise: 25 years of the ECCB
As the Eastern Caribbean Central Bank turns 25, Blair Baker and Giancarlo Espejo reflect on the leading role it has played in building financial markets and promoting regional integration
From villains to heroes
Avinash Persaud says we should thank our lucky stars for sovereign wealth funds
Breaking the Japanese impasse
Ken Worsley assesses what the political battle over the new governor will mean for the Bank of Japan’s independence
The new face of the Bank of Japan
Masaaki Shirakawa brings a wealth of experience and a strong reputation to the top job in Japan, argues Malan Rietveld
Avoiding the deflation trap: three lessons from Japan
The Fed appears to have learned from Japanese monetary-policy mistakes of the early 1990s. But it could still find itself overwhelmed by events, argues Takeo Hoshi