News
Zimbabwean inflation soars to 11.2m%
Zimbabwe's official annual inflation rate rocketed by more than 9m percentage points last month to 11.2m%, up from 2.2 m% in the year to June.
Japan will bounce back: central bank
Growth is sluggish and inflation at its highest level since the early 1990s, but the Japanese economy remains on course to recover, the country's central bank said.
UK lender seeks ECB funding with Irish start up
One of the biggest mortgage lenders in the United Kingdom wants to set up an Irish operation in part to access European Central Bank (ECB) funds.
SNB's Roth heralds new phase of crisis
Jean-Pierre Roth, the chairman of the Swiss National Bank, has said that signs of a downturn in the real economy mark the beginning of a new phase of the global turmoil.
Eurozone slump may fail to subdue inflation
The Bundesbank warned on Monday that weaker growth may not adequately curb inflation.
Iranian central bank not aiding terrorism: Tehran
The Iranian authorities have hit out at allegations that the country's central bank is aiding terrorists.
Azerbaijan revokes money-transfer ban
The National Bank of Azerbaijan has repealed a ban on remittances made through two of the money-transfer industry's biggest names.
Ghanaian deputy quits for political role
Mahamudu Bawumia, a deputy governor at the Bank of Ghana, will leave to pursue a political career.
British business calls on Bank to cut rates
One of the most influential lobbying groups for British businesses has urged the Bank of England to cut rates soon.
China shifts stance as inflation falls
The People's Bank of China has moved from a tightening to a neutral monetary-policy stance on the back of a drop in inflation in recent months.
Chile stands tough on inflation
The Central Bank of Chile raised rates to 7.75%, their highest level since December 1998, and warned that it was likely to hike again.
UK regulator slaps $10m fine on Credit Suisse
Credit Suisse, a Swiss bank, is to shell out £5.6m ($10.4m) in fines for mispricing a number of asset-backed securities.
China to set up FX unit to control renminbi
The People's Bank of China will establish a foreign-exchange department to help manage the appreciation of the renminbi.
Mexico hikes again, but further moves unlikely
The Bank of Mexico raised rates for the third straight month on Friday but signalled that it would hold in the coming months in signs of a slump.
Eurozone economy shrinks in second quarter
The eurozone economy looks to have shown a quarterly contraction for the first time since the euro was introduced.
South Africa signals end to rate hikes
The South African Reserve Bank's tightening cycle appears to be at a close after the Pretoria-based central bank held rates at 12% on Thursday.
US inflation soars to 5.6%
US inflation hit its highest level since 1991 in the year to July.
China moves to counter Olympic frauds
The People's Bank of China is introducing measures to avoid an upsurge in fraud during the Olympics.
RBA hints at September cut
Ric Battelino, the deputy governor at the Reserve Bank of Australia, on Thursday gave the central bank's strongest sign yet that it will cut rates at its next monetary policy meeting on 2 September.
Dollar pegs should be reconsidered: King
Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.
Bank's outlook wintry for UK economy
The Bank of England gave a dismal forecast for the British economy on Wednesday, predicting inflation to rise to about three percentage points above its target and growth to fall sharply.
Central bank action removed liquidity threat: BoE
Senior Bank of England officials on Wednesday said liquidity tensions in global credit markets had diminished on the back of central banks' efforts.
IMF to change exchange-rate surveillance methods
The International Monetary Fund (IMF) on Tuesday is to alter the way in which its monitors members' exchange-rate policies.
Norwegian rates likely to stay high
Norwegian rates, now at their highest level since January 2003, look set to remain at least as steep in the coming months.