Central Banks
Bank's extra cash to stay in system until April
The Bank of England said on Thursday 20 March that it would carry over the emergency £5 billion ($10 billion) injection made on Monday until just before its next rate-setting meeting.
Pension plans could limit Greek independence: ECB
The European Central Bank (ECB) has spoken out against the plans to reform Greece's pension system, which sparked a strike at the country's central bank earlier this month.
South African politicians want say on rate votes
Lawmakers have called on the South African Reserve Bank to take their opinions into account when setting rates.
Turkey keeps rates on hold
The Central Bank of Turkey has left rates unchanged for the first time in seven months.
Japan without a governor as Fukui steps down
Political squabbling has left the Bank of Japan leaderless at a time of heightened global uncertainty.
April rate cut more likely on back of BoE minutes
Market expectations of an April rate cut rose after the publication of the minutes of the Bank of England's latest Monetary Policy Committee meeting.
Nepalese governor found guilty of corruption
Bijaya Nath Bhattarai, the governor of the Nepal Rastra Bank, has been found guilty of corruption and sacked, media reports said on Wednesday 19 March.
Global warming to exacerbate price pressures
Christian Noyer, the governor of the Banque de France has warned that climate change is set to compound inflationary pressures.
Georgia holds rates at 11%
The National Bank of Georgia on Wednesday 19 March kept rates on hold, after hiking by a full percentage point last month.
Hong Kong's RTGS passes share-dealing-surge test
Optimisers in Hong Kong's high-value payments system meant it was able to cope with the explosion in initial purchase offers and lively market trading in 2007, Esmond Lee and Sara Yip, two members of the Financial Infrastructure Department at the region…
Central banks must communicate with care
While their abandonment of mystique and secrecy is to be commended, central banks' must recognise that more communication is not always better, research published by the International Monetary Fund states.
UK inflation jumps to 2.5%
British inflation rose by 0.3 percentage points in the year to February, an increase that was widely expected after the Bank of England said last month that price growth was set to accelerate over the next quarter. Changes to the way in which the measure…
Overnight rate unchanged despite BoE injection
The Bank of England's attempt to lower sterling short-term interbank borrowing costs by adding £5 billion ($10 billion) to the money markets looks to have failed.
Reserve ratio up as Zhou hints at PBC hike
The People's Bank of China on Wednesday 18 March demanded that banks hold more cash in its coffers as Zhou Xiaochuan, the governor of the central bank, indicated rate rises were likely.
Turmoil set to impact Swiss exporters: SNB's Roth
The financial market turbulence is unlikely to leave Switzerland unscathed, said Jean-Pierre Roth, the chairman of the governing board of the Swiss National Bank.
Markets getting better at guessing rate moves
Financial markets have increasingly been able to correctly predict monetary policy decisions for a number of large central banks, research published by the European Central Bank notes.
Commodity prices prompted RBA rate rise
The likelihood of rampant commodity price growth over the course of 2008 led the Reserve Bank of Australia to hike rates by a quarter point earlier this month, minutes of the March monetary policy meeting reveal.
Fed opts for 75 basis-point cut
The Federal Open Market Committee (FOMC) on Wednesday 18 March voted to slash rates by three quarters of a percentage point to 2.25%.
Fed works over weekend to counter market stress
The Federal Reserve took its fourth emergency action in ten days on Sunday 16 March, cutting the rate at which it offers discount window funds and attempting to boost trading in securitisation markets.
Old Lady adds an extra £5bn
The Bank of England injected £5 billion ($10 billion) into the money markets on Monday 17 March after overnight interbank rates shot up on the back of Bear Stearns's collapse.
Beijing reappoints Zhou
After months of deliberation, the Chinese authorities on Monday approved the reappointment of Zhou Xiaochuan as governor of the People's Bank of China.
Fed credibility at risk, warn commentators
Economic commentators have largely slammed the raft of measures that the Federal Reserve has introduced over the past ten days.
Fed funds Bear Stearns on liquidity fears
The Federal Reserve on Friday 14 March agreed to provide emergency funding to Bear Stearns, a troubled investment bank.
SWFs a force for stability, says BoE's Gieve
Sovereign wealth fund investment will help temper volatility in equity markets, Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, said.