News
Indonesia pulls policy levers to curb inflation
Bank Indonesia combined its fourth-straight rate rise with exchange-rate and liquidity measures on Tuesday in a bid to tackle inflation, now in double digits.
Kuwaiti deputy quit in July - report
Nabeel Ahmad al-Mannae, the deputy governor of the Central Bank of Kuwait, quit in July, say reports.
RBZ splurges on luxury goods for judiciary
The Reserve Bank of Zimbabwe has bought a fleet of Mercedes-Benz cars, plasma-screen TVs and satellite dishes for the country's judges.
Venezuela calms liquidity fears on Chavez takeover
The Central Bank of Venezuela has said that the country's financial system is sufficiently liquid after the nationalisation of one of its biggest banks prompted concern about the banking industry's health.
HKMA Exchange Fund posts HK$35 billion H1 loss
The Hong Kong Monetary Authority's (HKMA) Exchange Fund recorded a loss of HK$35 billion ($4.49 billion) in the first half of the year as its equity portfolio took a substantial hit.
Australia's PM: banks must pass on RBA cuts
Kevin Rudd, Australia's prime minister, has urged the nation's banks to pass on the Reserve Bank of Australia's (RBA) rate cuts to consumers.
Bosnia: we're not ready for euro yet
The Central Bank of Bosnia and Herzegovina has rejected calls to replace the convertible marka with the euro, saying the country is not yet ready to adopt the single currency.
Ecuador appoints new central bank chief
Carlos Vallejo Lopez has become president of the Central Bank of Ecuador little more than a week after joining the institution.
South African rates high enough: Mnyande
The South African Reserve Bank's tightening cycle could be at an end after a senior official said that rates were now at an appropriate level to contain inflation.
IMF strengthens technical assistance programme
The International Monetary Fund (IMF) has announced a raft of reforms aimed at enhancing its technical assistance.
Russia launches fresh bid to tackle inflation
The Central Bank of Russia said on Friday that it would raise its reserve requirement ratios for the fourth time this year to curb annual inflation, which is estimated at about 15%.
Czech executive director quits
Leos Ptr, the executive director responsible for financial market supervision at the Czech National Bank, resigned Thursday.
Mexican growth suffers as remittances slide
The Bank of Mexico has cut its growth estimate for this year on evidence that remittance payments from US-based migrant workers are falling.
Eurozone inflation hits fresh record
Annual inflation in the eurozone looks to have hit a record high of 4.1% in July.
Fed a "major culprit" in commodity inflation
A prominent US economist has blamed Federal Reserve policy for the surge in commodity prices.
UK MPC hawk acting on 70s memories
Tim Besley, the only member of the Bank of England's nine-strong Monetary Policy Committee to back a rate hike this month, voted against the majority on fears that UK inflation could become as volatile as it was in the 1970s.
Philly Fed payments VP wins promotion
Arun Jain, a vice president at the Philadelphia Federal Reserve's retail payments department, will become a senior vice president after nearly 30 years of working within the Fed system.
Fed pledges to extend aid measures into 2009
The Federal Reserve moved to soothe financial market tensions on Wednesday with a fresh batch of liquidity measures, including confirmation that it will allow investment banks to borrow from its discount window into next year.
Zimbabwe lops ten zeros off currency
The Reserve Bank of Zimbabwe announced plans to remove ten zeros from its currency in a fresh bid to fight hyperinflation.
Bangkok names new central bank board
The Thai government has appointed a new central bank board.
Obama talks crunch and regulation with Bernanke
Ben Bernanke, the chairman of the Federal Reserve, has discussed the credit crisis and proposals for more stringent financial regulation with Barack Obama, the Democratic candidate for the US president.
Canada names Toronto director
Mark Caplan, an executive managing director at BMO Financial, a financial services company, will join the Bank of Canada as a senior representative and director of its Toronto office.
RBI moves to counter "intolerable" inflation
The Reserve Bank of India looked to assert its inflation-fighting credentials on Tuesday, raising its policy rate and reserve ratio, and warning of regulatory action if financial institutions continue to lend excessively.
Russia cuts back on Fannie and Freddie paper
The Central Bank of Russia has markedly reduced its holdings of Fannie Mae and Freddie Mac paper since the start of the year, a senior official confirmed on Monday.