Central Banks
Chile holds rates at 5.75%
The Central Bank of Chile's rate-setting board voted on Tuesday to keep its monetary policy interest rate at 5.75% despite CPI inflation of more than 6%.
Model predicting instability in development
Charles Goodhart, a former member of the Bank of England's Monetary Policy Committee, and Dimitrios Tsomocos, a lecturer in financial economics at Oxford University's Said Business School, are working on a model aimed at alleviating financial fragility.
Strong capital base counters illiquidity: Landau
A strong capital base in the financial system is likely to limit future liquidity shocks, says Jean-Pierre Landau, a deputy governor at Banque de France.
Riksbank unanimous on rate verdict
The minutes of the October 29 meeting of the Riksbank's rate-setting board reveal the six-strong panel unanimously backed the decision to hike rates by 25 basis points to 4%.
Bank of Japan sticks to rate hold strategy
The Bank of Japan's rate-setting board decided to hold its benchmark overnight call rate at 0.5% for the ninth month in a row on Tuesday.
SWFs more likely to diversify than central banks
Sovereign wealth funds are much more aggressive in diversifying foreign exchange assets than central banks, says Mansoor Mohi-uddin, the managing director of foreign exchange strategy at UBS, a leading investment bank.
ECB to look to global economy on rate decisions
Global factors will increasingly influence European Central Bank (ECB) monetary policy decisions, Philippe Moutot, the director of monetary policy at the central bank, said on Tuesday.
Cyprus holds rates in spite of inflation fears
The Central Bank of Cyprus's rate-setting board voted on Monday to keep its overnight deposit rate at 4.5% despite rising inflation.
Central Banking in the USA
Michael Woodford talks to Malan Rietveld about how the Federal Reserve makes monetary policy
Central banks criticised for communication failure
The world's most powerful central banks were inconsistent in their communication and lacked coordination during the summer's market turmoil, Richard Portes, one of the authors of an influential report on international financial stability, said on Monday.
Another Aussie hike likely as inflation climbs
The Reserve Bank of Australia could well raise rates again after the latest edition of the central bank's monetary policy statement revealed inflation was set to reach 3.25% in the fourth quarter of 2007.
We will survive US snub: Iran's Mazaheri
Tahmasb Mazaheri, the governor of the Central Bank of Iran, has said the country's banks can weather the impact of United States-imposed sanctions. Mazaheri's comments come as Angela Merkel, Germany's chancellor, said she would back more sanctions on the…
UK business group backs SWF rules
The Confederation of British Industry (CBI), the United Kingdom's largest business association, has said that sovereign wealth funds should be subject to the same code of self regulation that is being proposed for private equity firms.
China must be more responsible on yuan: Trichet
It is essential that China assumes the global responsibilities that accompany its growing economic clout, says Jean-Claude Trichet, the president of the European Central Bank (ECB).
Stability needs reliable systems: BoE's Jenkinson
The resilience of wholesale payment, clearing and settlement systems to both operational and financial shocks remains a key requirement of financial and monetary stability, says Nigel Jenkinson, the executive director responsible for financial stability…
China repeats efforts to curb liquidity
The People's Bank of China said on Thursday that it will introduce a raft of further measures to control what it described as the country's "severe" liquidity problem.
Hungary was split on October rate hold
The Central Bank of Hungary's rate-setting board was evenly split on whether to hold or cut rates on 29 October, minutes out on Friday show.
Korea holds rates at 5%
The Bank of Korea's Monetary Policy Committee decided on Thursday to keep its call rate target at 5%.
Ghana's new banking system up-and-running
The Bank of Ghana has gone live with a new banking system that will integrate all of the central bank's core operations.
Globalisation loosens banks' grip on inflation
Globalisation not only reduces domestic pressures on inflation but also reduces central banks' ability to control the pace of inflation, argues a research paper published by the International Monetary Fund (IMF).
Small business success vital for US: Mishkin
The health of the United States economy is partly reliant on small businesses still having access to credit on competitive terms, according to Frederic Mishkin, a governor at the Federal Reserve.
ECB holds rates at 4%
The European Central Bank's (ECB) rate-setting board voted on Thursday to keep rates at 4%, the fifth rate hold in a row.
Bank of England holds rates at 5.75%
The Bank of England's rate-setting board voted on Thursday to keep its benchmark bank rate at 5.75%.