News
UK inflation soars to more than double BoE target
The Bank of England will publish its quarterly Inflation Report on Wednesday with annual inflation at more than double its 2% target.
US and European central banks too transparent
Major central banks such as the Federal Reserve, the Bank of England and the European Central Bank (ECB) may be too transparent, new research finds.
High demand for longer-term Fed funding
The results of the Federal Reserve's first Term Auction Facility (TAF) operation to offer 84-day credit highlight the banking sector's demand for longer-term financing.
Tough times ahead for US borrowers: Fed poll
Lending standards have tightened and are set to become more stringent still, the Fed's latest lending survey shows.
Chinese inflation falls for third-straight month
Chinese consumer price inflation fell to a ten-month low of 6.3% in the year to July.
Simpsons cartoon hero coined on euro
A Spanish shopkeeper has found a defaced euro coin bearing the head of Homer Simpson, the star of the Simpsons cartoon series.
Egypt fears second-round effects, raises rates
The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.
Fed carrying out covert liquidity tests - report
The Federal Reserve is subjecting the biggest investment banks to stringent liquidity tests, say reports.
Afghan governor warns of food shortages
Abdul Qadeer Fitrat, the governor of the Bank of Afghanistan, has said that Kabul will have to buy significant quantities of food to avoid shortages throughout the war-torn country.
Fire breaks out in RBI's Delhi office
The Reserve Bank of India's Delhi branch caught fire on Sunday.
Eurozone borrowers facing tighter standards
European Central Bank (ECB) data reveals eurozone banks are making it more difficult for consumers and businesses to borrow as fears of a slowdown take hold.
Czechs move on currency fears
The Czech National Bank has cut its benchmark rate for the first time in three years in a bid to halt the koruna's climb.
Official sector shunning US mortgage agency debt
Despite the implicit government guarantee being made explicit last week, official institutions seem keen to sell paper issued by Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.
Fiji court backs central bank on accounts claim
The High Court of Fiji has said that the country's central bank does not have to give the Auditor General access to its accounts.
New York Fed names new IT systems head
William Christie, the director of information systems at Commerce Bank, will join the New York Federal Reserve as an executive vice-president and head of the automation and system services group.
RBI to introduce currency futures
The Reserve Bank of India is set to introduce currency futures after finalising rules to sell the instruments on Thursday.
We've got money to burn: Hungary
The National Bank of Hungary is offering bricks made up of its cancelled banknotes for charities to burn for fuel.
Korea unexpectedly raises rates
The Bank of Korea raised its benchmark rate to an eight-year high on Thursday in a surprise move.
Bank of England holds
The Bank of England left its benchmark rate at 5% on Thursday.
ECB hints at rate pause for coming months
Jean-Claude Trichet, the president of the European Central Bank (ECB), indicated on Thursday that eurozone rates were now high enough to bring inflation back to target.
Europe the best-regulated region: IMF
European authorities lead the world in regulation, says new research published by the International Monetary Fund (IMF).
Analysts split on FOMC outlook
The decision to hold rates at 2% was widely expected, but the Federal Open Market Committee's post-meeting statement has divided Fed watchers.
US should follow IMF's lead on SWFs
US lawmakers heading a working group on sovereign wealth funds have deemed the International Monetary Fund, not the US Congress, the appropriate forum for addressing funds' transparency and accountability.
Nigeria presses banks to post loan costs
The Central Bank of Nigeria is enhancing transparency for the country's consumers by requiring banks to disclose their loan costs and deposit rates on the internet.