Central Banks
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.
Lower loan costs to stem foreclosures: Boston Fed
Making mortgage payments temporarily affordable for Americans with negative housing equity is the best way to prevent foreclosure, research published by the Boston Fed finds.
Payment systems need more competition: RBA
The Reserve Bank of Australia remains concerned about the competitiveness of the country's payments system, despite improvements, said Philip Lowe, the assistant governor responsible for the financial system at the central bank.
Turkey forced to revise inflation target
The Central Bank of Turkey has admitted defeat over plans to reach its proposed 4% inflation target in the medium term.
Central bankers want action on contagion threat
An influential group of central bankers has urged authorities and the payments industry to tackle the risks presented by the links between systems.
Swiss inflation soars to 15-year high
Inflation in Switzerland shot up to 2.9% in the year to May, its highest level since 1993, data published on Tuesday revealed.
Don't rely on rand depreciation: SA's Mboweni
Tito Mboweni, the governor of the South African Reserve Bank, has told exporters that they should not base their competitiveness on the rand's value.
We'll miss price target: Sri Lanka's Weerasinghe
The Central Bank of Sri Lanka's chief economist acknowledged on Wednesday that inflation would exceed its target range this year.
OMOs have contributed to calm: Japan's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, praised the flexibility of the central bank's money market operations, which had contributed to the relative stability of the country's short-term funding market.
NY Fed analyses large-value payments trends
The evolution of central bank policies is one of the main forces behind changes in large-value payment systems, research published by the New York Federal Reserve finds.
Bernanke hints at June rate hold
The Federal Open Market Committee's (FOMC) rate-slashing cycle, which has seen rates fall by 325 basis points since September, looks to be at an end.
Nigeria acts to counter likely inflationary surge
The Central Bank of Nigeria has raised rates and its cash requirement ratio on concerns that inflation could soar in the coming months.
Inflation target appropriate: Hungary's Simor
Andras Simor, the governor of the National Bank of Hungary, has defended the central bank's 3% inflation target in the face of political opposition.
Turkish inflation back in double digits
The Central Bank of Turkey looks set to hike rates again after inflation rocketed to 10.74% in the year to May, up from 9.25% the previous month.
Sri Lanka waives ban on foreign accounts
The Central Bank of Sri Lanka will allow foreigners to open accounts with the country's commercial banks in a bid to close the domestic savings gap and foster growth.
Boston Fed's subprime facts
The Boston Federal Reserve's research into subprime mortgages has so far uncovered seven facts relating to the crisis.