Central Banks
Statements on liquidity injections
The Federal Reserve Bank of New York released a brief statement regarding its intervention to inject liquidity into the markets. It said it is providing liquidity to facilitate the "orderly functioning of financial markets" and will provide reserves as…
Monetary policy and credit constraints
This research discussion paper from the Reserve Bank of Australia suggest that while effect of a change in the monetary policy interest rate on aggregate demand may be larger at higher levels of indebtedness, the extent of credit constraints may be at…
Kansas Fed tests forecasting models with real-time
This technical paper examines the properties of tests of equal forecast accuracy applied to different regression models. In contrast to earlier work, it takes into account the real-time, revised nature of the data.
ECB intervenes in money markets
The European Central Bank (ECB) injected tens of billions into the money markets on Thursday amid growing concerns over illiquidity.
Korea looks to curb debt with surprise rate hike
The Bank of Korea raised its overnight call rate for the second time in as many months on Thursday in an effort to avoid household debt spiralling out of control.
Hong Kong has new deputy
The Hong Kong Monetary Authority is set for a reshuffle after William Ryback, the deputy chief executive with responsibility for banking stability, said he would step down at the end of August.
Kenya raises rates as inflation rises by a quarter
The Central Bank of Kenya looked to combat mounting inflation on Wednesday with a twenty five basis point increase to its central bank rate.
Ghanaian president encourages CB cooperation
John Kufuor, the president of Ghana, has said that the Bank of Ghana should work in tandem with parliament to become "the cornerstone of the Golden Age of Business" in the jurisdiction.
ECB publishes monthly bulletin
The European Central Bank said it is monitoring prices closely to ensure that the eurozone escapes high inflation in the medium to long term in its latest monthly bulletin.
Bank of Jamaica - Annual Report 2006
Jamaica managed to impressively curtail inflation in 2006. The headline rate fell by more than half from 12.9% in 2005 to 5.8% last year.
Ghanaian governor celebrates 50th anniversary
Paul Acquah, the governor of the Bank of Ghana, talked about central bank developments and growth in the financial sector in a speech to mark the central bank's 50th birthday.
Morgan Stanley lures NY Fed's Kos
Dino Kos, the former executive vice president of the market group at the Federal Reserve Bank of New York, has left the central bank to head Morgan Stanley's division for central banks and sovereign wealth funds.
Australia raises rates to 6.5%
The Reserve Bank of Australia has increased interest rates by 25 basis points in an attempt to ward off inflation.
Fed looks to stabilise economy with rate hold
Against a backdrop of mounting concern over the health of the American economy, the Federal Reserve decided to leave its federal funds rate at 5.25% yesterday.
BoE inflation report suggests rate hike
The Bank of England looks set to raise rates to 6%, after its August inflation report, released on 8 August, indicated that further hikes were needed to bring inflation down towards the 2% target.
Recent developments in US subprime
The International Monetary Fund has published a working paper called "Money for Nothing and Checks for Free: Recent Developments in US Subprime Mortgage Markets."
South Africa details forecasting model
The Reserve Bank of South Africa has published a paper describing the key stochastic equations in its core model, which is used for forecasting purposes at Monetary Policy Committee (MPC) meetings.
Central Bank of Iran - Annual Report 2005/06
The Central Bank of Iran has published its annual report.
Slovenia's Kranjec: subprime may hurt EU
Marko Kranjec, the governor of the Bank of Slovenia, has said the US subprime mortgage crisis could affect eurozone consumer demand. His comments appear to contradict those of other members of the European Central Bank's (ECB) governing board.
China set to inject $60 billion in state banks
The People's Bank of China will inject $60 billion of its vast foreign exchange reserves into two state banks through its Central Huijin Investment arm.
Indonesia holds rates
After two 25 basis point cuts in as many months, Bank Indonesia decided today to hold its benchmark interest rates at 8.25%
Mboweni predicts interest rate increase
Tito Mboweni, the governor of the Reserve Bank of South Africa, says the central bank is more likely to raise interest rates than reduce them at its policy meeting next week.
Bank of Greece - Annual Report 2006
The Bank of Greece has published a 100-page summary of its 2006 annual report.
Bank of Israel - Annual Report 2006
The Bank of Israel has published its 2006 annual report, reflecting on a strong year for the Israeli economy.