News
UK inflation to top 4%: BoE's King
Mervyn King, the governor of the Bank of England, has warned that UK annual inflation will rocket to more than 4% in the coming months.
Basel Committee issues liquidity guidelines
The Basel Committee on Banking Supervision, an influential group of global regulators, has issued its draft proposals to improve liquidity risk management and supervision.
Online petition set up to stop ECB rate hikes
A French economist has set up an online petition to muster opposition to the European Central Bank's likely rate hike in July.
Fed accused of stalling on Chinese bank licences
Chinese officials have said the Federal Reserve is delaying the approval of banking licences for two of its biggest banks as part of a political ploy.
Turkey raises rates to 16.25%
The Central Bank of Turkey added 50 basis points to the cost of borrowing on Monday in its first policy vote since abandoning its 4% inflation target.
Reform on track: FSF's Draghi
Efforts by an influential group of supervisors to reform financial markets in the wake of the credit crunch are going to plan.
IMF to probe oil-price surge
The International Monetary Fund (IMF) responded to the G8's request for an investigation into the recent rise in oil prices, saying that it will carry out the work.
Runaway Eurozone inflation hits fresh high
Annual inflation in the euro area surged in May to a record high of 3.7%, up from 3.3% the previous month.
HKMA's foreign assets fall HK$6.3 billion in May
The Hong Kong Monetary Authority has reported significant foreign asset losses for its Exchange Fund during May.
National Bank of Belgium revamps website
The National Bank of Belgium re-launched its website on Monday in a bid to enhance access to its services and better publicise its work.
Czech deputy queries Slovak rules to fix prices
A deputy governor at the Czech National Bank has questioned Slovakia's measures to limit inflation in the run-up to its adoption of the euro.
Top lawyer slams FSA for Rock failure
The Financial Services Authority (FSA), the UK's industry regulator, was shockingly lax and inept in its regulation of Northern Rock, a leading regulatory lawyer has said.
Bosnia agrees data swap with banking regulator
The Central Bank of Bosnia and Herzegovina will exchange banking data with the country's financial regulators in a bid to foster stability.
Inflation of paramount importance: BoE's Tucker
A senior Bank of England official has underlined the institution's "overriding" commitment to its 2% inflation target.
Cyprus refuses to sell gold
The Central Bank of Cyprus has rejected government calls to sell its remaining supplies of gold.
India hikes unexpectedly to counter price surge
The Reserve Bank of India surprised markets by lifting its benchmark repurchase rate to 8% on Wednesday.
UK inflation expectations jump to fresh high
A Bank of England survey shows the British public thinks prices will rise by 4.3% over the next 12 months, their highest-ever estimate of annual inflation.
SARB confounds expectations with half-point hike
The South African Reserve Bank raised its policy rate to 12% on Thursday.
Korean SWF could buy Lehman stake
Korea's sovereign wealth fund is one of a number of the country's official institutions that could inject funds into Lehman Brothers, an investment bank, it was revealed on Thursday.
Beige Book backs up Bernanke comments
The Federal Reserve's Beige Book indicates the US manufacturing sector is passing on higher input costs to customers.
NZ counters payments-systems attack
The Reserve Bank of New Zealand has hit back at criticisms of the country's payments and settlements systems.
ECB's Stark hints at standalone hike in July
The European Central Bank looks likely to raise rates only in July rather than tighten policy on a series of occasions over the coming months.
Analysts see point hike from SARB
Ahead of Thursday's rate-setting meeting, observers expect the South African Reserve Bank to increase the cost of borrowing by 100 basis points taking rates to 12.5%.
Vietnam hikes rates, devalues dong
The State Bank of Vietnam's benchmark rate will soar two percentage points to 14% from Thursday in a bid to counter inflation, while the dong's value will plunge by almost 2%.