Central Banks
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.
BoJ publishes rate-meeting minutes
Some members of the Bank of Japan's Monetary Policy Council suggested the institution should communicate that it always pays close attention to both economic and price developments, minutes of the May rate-setting meeting reveal.
BIS chief to leave early
Malcolm Knight, the general manager and chief executive of the Bank for International Settlements (BIS), will step down in September, nine months before the end of his term.
Canada's Carney justifies surprise hold
The Bank of Canada decided to leave rates on hold earlier this month, rather than cutting as expected, after upside risks to the inflation outlook emerged.
Mexico shocks markets with rate rise
The Bank of Mexico opted to unexpectedly raise rates a quarter point and revise its projections for inflation upwards.
Sri Lanka holds despite record-high inflation
The Central Bank of Sri Lanka left rates unchanged at 10.5% for the fourth-straight month on Friday to support growth in spite of rampant inflation.
Policy should encourage card payments: Riksbank
Swedish consumers over-use cash and under-use cards from a social perspective because their choice of payment instrument is based on private incentives, research by the Riksbank finds.
BoE's Gieve to leave following stability changes
Sir John Gieve, the Bank of England's deputy governor responsible for financial stability, will step down once changes to the Bank's financial stability role are in place.
Chief economist to succeed Lomax as BoE deputy
Charles Bean, the chief economist at the Bank of England, will replace Rachel Lomax as deputy governor responsible for monetary policy when she steps down at the end of June.
SNB opts to hold rates
The Swiss National Bank left its target range unchanged on Thursday, arguing that the global economic slowdown would dampen inflationary pressures in the medium term.
Libor misrepresents market rates, poll finds
The London Interbank Offered Rate (Libor), a measure of interbank borrowing costs often used to gauge financial market stress, fails to reflect actual money-market rates for cash, traders say.
UK rate-setters mulled June rise
Several members of the Bank of England's Monetary Policy Committee considered raising rates in June on the back of poor inflation data.
De La Rue sells cash systems business to Carlyle
Carlyle Group, a private equity firm, looks set to buy the cash systems business of De La Rue, the biggest private printer of banknotes, for £360m ($704m).
PMA sets up scholarship scheme
The Palestine Monetary Authority (PMA) will offer PhD scholarships to the state's brightest students in a bid to strengthen its research and monetary policy department.
Russia seeks greater gains for SWF
Senior Russian politicians have backed plans to create a government agency to enable its sovereign wealth fund to pursue a riskier investment strategy, according to media reports.