Central Banks
Japan's Iwata praises new communication strategy
The Bank of Japan's new communication policy framework has improved both transparency and flexibility, says Kazumasa Iwata, a deputy governor at the central bank.
Central banks partly to blame for crunch
The creation of excessive global liquidity by key central banks was one of a number of phenomena that led to the current financial crisis, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now an economics professor…
G10 reassured by impact of joint injections
Central bank governors and finance ministers from the G10 economies were "very satisfied" with the effect of the coordinated action to ease interbank tensions, said Jean-Claude Trichet, the president of the European Central Bank (ECB).
Fed pledges more cash to combat interbank woe
In a bid to further ease money market tensions, the Federal Reserve said on Friday that it will increase the amount of extra funds on offer through its additional open market operations after both of its December auctions were heavily oversubscribed.
Canada names John Murray as deputy
The Bank of Canada has appointed John Murray as a deputy governor.
ECB ready to act as inflation stays high
Jean-Claude Trichet, the president of the European Central Bank (ECB), said on Saturday that the rate-setting governing council was ready to act to control rising prices after figures published Friday showed euro-area inflation stayed at 3.1%.
Romania hikes rates to 8%
The National Bank of Romania's rate-setting board on Monday voted to raise the benchmark monetary policy rate by 50 basis points to 8%.
Fed minutes: dissenters' views
Eric Rosengren and William Poole, two presidents of regional Federal Reserve's and voting members of the Federal Open Market Committee (FOMC), both disagreed with aspects of the central bank's recent decisions regarding monetary policy and open market…
Renminbi's behaviour influences whole region
Since the exchange rate reform in July 2005, fluctuations in the renminbi have impacted the movement of other Asian currencies, research published by the Hong Kong Monetary Authority (HKMA) finds.
Differences are a strength of Fed strategy: Kohn
Recent disparities in speeches by FOMC members on the economic outlook in the United States reflect the pace of change rather than any failure in the Fed's communication strategy, says Donald Kohn, the vice-chairman of the Federal Reserve board.
EU finds flaws in ECB's billion-dollar HQ
The European Union's audit of the eurozone's central bank has found various faults with its plans for the building of its new headquarters.
India's central bank cuts again
The Reserve Bank of India cut rates by a percentage point for the second time in less than a month and eased deposit requirements for commercial banks in a bid to limit the impact of the financial crisis.
Gono explains decision to renege on note change
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has blamed the weather for backtracking on plans to take the Z$200,000 ($6.67) note out of circulation.
Al-Wazir starts as Palestine governor
Jihad Al-Wazir began his term as governor of the Palestine Monetary Authority on Tuesday after Mahmoud Abbas, Palestine's president, approved the appointment on Sunday.
Euro makes rapid progress in Cyprus and Malta
Euro banknotes already account for 50% of the total in circulation in both Malta and Cyprus, the two Mediterranean islands that adopted the single currency on Tuesday.
Finland's new board member to head research group
Seppo Honkapohja, the latest addition to the Bank of Finland's board, is taking charge of the central bank's research activities.
Northern Rock shows fallibility of communication
The run on Northern Rock, a British mortgage lender, illustrates the potential downside of central bank communication around stability issues, says Gary Stern, the president of the Minneapolis Federal Reserve.
Global slowdown may hamper US deficit financing
It may be harder to continue financing United States current-account deficits on such favourable terms if the recent wave of financial globalisation were to subside, research published by the New York Federal Reserve finds.
Fed minutes reveal clear shift in outlook
The minutes of the December meeting of the Federal Open Market Committee (FOMC), published on Wednesday, reveal a more dovish Federal Reserve than was suggested at the time.
China names two central bank vice governors
The People's Bank of China announced the appointment of two vice governors on Thursday, Yi Gang and Ma Delun.
ECB could hike rates, says Orphanides
The European Central Bank's rate-setting governing council will not rule out raising interest rates, Athanasios Orphanides, a member of the council and governor of the Central Bank of Cyprus, said on Thursday.