News
BoE's King cool on soaraway sterling
Mervyn King, governor of the Bank of England, seemed unperturbed by the recent surge in the value of the pound relative to the dollar.
Brazil cuts rates by half a point
The Central Bank of Brazil lowered its benchmark lending rate by 50 basis points to 13.25 on Wednesday in the face of falling growth.
Goldmans' Dudley is Fed's new markets man
The New York Federal Reserve named William Dudley, an advisory director at Goldman Sachs, as an executive vice-president and the new head of its markets group.
Ghana's currency to lose four zeros in 2007
Ghana's cedi will lose four zeroes next July 2007, a central bank official said on Monday.
Russia and Belarus governors to meet
Petr Prokopovich and Sergei Ignatyev, governors of the central banks of Belarus and Russia, respectively, will attend the 25th meeting of the Interbank Currency Council on Friday.
Russia worries about capital inflows
Russia's central bank on 29 November raised its forecast for capital inflows this year and has hinted at tighter banking reserve requirements to slow the inflow of cash.
Poland leaves interest rates unchanged
Poland's central bank held interest rates steady after a 29 November meeting, a decision that was in line with economists' expectations.
Core CPI still "uncomfortably high" - Bernanke
Fed chairman, Ben Bernanke, appeared to pour cold water on suggestions of an imminent cut in US interest rates in a speech in New York on 28 November.
Bank of Israel calls in the cops
The Bank of Israel has submitted a formal complaint to the Israel police after an internal report on the new-appointed banking supervisor was leaked to the press.
China raises renminbi value
China has raised the value of the renminbi even as its central bankers rule out major reductions in the dollar share of the country's foreign exchange reserves.
New rules for Bank of Italy chief
The Bank of Italy adopted new rules on 28 November that end the central bank governor's unrestricted decision-making powers and traditional job for life.
Bank Indonesia gets two new deputy governors
The government of Indonesia has recommended Mulaiman Hadad and Budi Rochadi as new deputy governors of the country's central bank.
UK rates have peaked - OECD
British interest rates are likely to have hit their peak according to the OECD's latest Economic Report, released on 28 November.
Canada to research inflation target
Although the Bank of Canada's inflation target will remain at 2% for the next five years, the central bank has announced a major research project on the benefits of lowering the target.
IMF ups eurozone growth forecast
The IMF's European department director, Michael Deppler, said on 28 November that the Fund has raised its eurozone growth forecast for both this year and next.
Bank of Israel cuts rates again
The Bank of Israel lowered its benchmark lending rate by 25 basis points on 27 November. This second reduction in two months takes rates to 5%.
Pakistan central bank's no-show in T-bill auction
Dealers in the Pakistani interbank market reported wild swings in short-term overnight interest rates on 27 November, triggered by the central bank's rejection of treasury market bids.
Chinese growth "low quality" says vice-governor
In a candid speech, the vice governor of the People's Bank of China, Wu Xiaoling, raised some question about the sustainability of China's economic growth.
Mexico holds rates despite inflation spike
On 24 November, the Bank of Mexico held its benchmark lending rate at 7%, as expected, for a seventh straight month. The central bank also indicated that the recent increase in inflation would be temporary.
Warsaw hails ex-president of central bank as mayor
Hanna Gronkiewicz-Waltz, the head of Poland's central bank from 1992 to 2000, is set to become the next mayor of the Polish capital Warsaw.
Norway's pension fund snubs
The Norges Bank-managed state pension investment fund has reportedly blacklisted several large international corporations, including the world's largest retailer Wal-mart, for "alleged human rights and labour abuses."
PBoC not focused on fine-tuning - deputy
The People's Bank of China is draining excess liquidity in order to maintain the differential between domestic and international interest rates, and not to stabilise output or reduce domestic investment, says Wu Xiaoling, the vice governor of the central…
McDonough for Santander board
Banco Santander Central Hispano SA has named William J. McDonough, former president of the Federal Reserve Bank of New York, as a member of its non-executive board.
Bernanke to join Paulson in China
Federal Reserve chairman Ben Bernanke will follow in the footstep of his predecessor, Alan Greenspan, by accompanying the US Treasury secretary to Beijing next month.