Central Banks
UK inflation surges to 16-year high
British headline inflation rose to 3.8% in the year to June, its highest level since 1992.
BoE's Sentance on the inflationary threat
In the face of the current oil and commodity price pressures, policymakers cannot expect to maintain the benign world of steady growth and consistently low inflation, said Andrew Sentence, a member of the Bank of England's Monetary Policy Committee.
Rates restraining demand: RBA
The Reserve Bank of Australia's rate-setting board believes rates, which it has held at a 12-year high of 7.25% since March, are beginning to restrain demand.
Fed will lend to Fannie and Freddie
The Federal Reserve has authorised the New York Federal Reserve to lend to Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.
FDIC seizes Californian bank
The Federal Deposit Insurance Corporation (FDIC), a US regulator, has taken control of IndyMac, a California-based lender with total assets of $32 billion.
King declines bumper pay hike
Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.
UAE speeds up cheque processing
The Central Bank of the UAE has introduced a new cheque-clearing system that will vastly reduce the time taken to process cheques.
UAE's Suwaidi wins fifth term
Sultan Bin Nasser al-Suwaidi, the governor of the Central Bank of the United Arab Emriates (UAE), will serve another four-year term.
BoE's Jenkinson on innovation and risk
Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England, highlighted a number of frictions and market imperfections that lower the effectiveness of financial innovation.
Denmark bails out bank
The National Bank of Denmark has agreed to provide $158m-worth of emergency financing to Roskilde, a bank.
Kenya governor caught up in hotel probe
Njuguna Ndung'u, the governor of the Central Bank of Kenya, is reportedly facing allegations of defamation and has become embroiled in investigations into the controversial sale of a Nairobi Hotel.
Chile hikes by half a point
The Central Bank of Chile on Thursday raised its key rate half a point to 7.25% on the back of a deteriorating inflationary outlook.
Canada names special advisers
The Bank of Canada has appointed two economics professors as its special advisers on monetary policy for the coming year.
Price risks outweigh growth threat: SF's Yellen
Janet Yellen, the president of the San Francisco Federal Reserve, has said that the threat of inflation spiralling is now greater than the risk of a rise in unemployment.
On the roots of housing bubbles
Regions or economies with a low share of owner-occupied houses are more prone to housing bubbles that are driven by locally unstable rent dynamics, research published by the Central Bank of Turkey argues.
ECB publishes payment systems report
The European Central Bank (ECB) on Friday released its first payments systems and market infrastructure oversight report.
UK rates stay at 5%
The Bank of England held its key rate at 5% for the third straight month on Thursday.
Number of counterfeit euro notes surges
The number of counterfeit banknotes recovered in the eurozone soared by 5.4% in the first half of 2008, the European Central Bank (ECB) said on Thursday.
Goodhart predicts "annus horribilis" for BoE's MPC
The Bank of England's Monetary Policy Committee (MPC) is in for a terrible year, Charles Goodhart, a former member of the committee, said.
GCC should drop dollar peg: Fed adviser
A prominent US economist with Federal Reserve experience has said it makes sense for Gulf states to abandon their dollar pegs.
Chicago Fed investigates payments fraud
The Chicago Fed has published a note assessing the debate over payments systems fraud.
IMF assesses money's role in policy
The International Monetary Fund has published research looking at the role of money in monetary policy.
Canada calls time on money injections
The Bank of Canada has said it will withdraw liquidity from the system on signs that money-market tensions are abating.