News
Japan's inflation lower than expected
Japanese core CPI for July showed a smaller than expected rise in inflation of 0.2% year on year.
Czech central bank holds rates
Thursday's meeting of the Czech National Bank's governing board ended with rates being held at 2.25%, a spokeswoman said.
Value in money laundering doubles in China
The amount of money involved in money laundering in China has more than doubled in 2005 from RMB4bn ($500m) to RMB10bn ($1.25bn), the central bank said on Thursday 24 August.
Governor Hou criticises politicians' pay rise
The governor of the central bank of the Solomon Islands, Rick Hou, has criticised the timing of a recent pay rise awarded to local politicians.
Macfarlane says world can cope with oil shocks
The world economy is surprisingly good at absorbing price pressures from rising oil prices, said Ian Macfarlane, the outgoing governor of Australia's central bank.
Korea changes inflation target measure
Korea will target a new measure of inflation for 2007-2009, the central bank has said.
Russia raises reserve requirements
Russia's central bank has increased minimum required reserves on foreign bank deposits from 2% to 3.5% in an effort to combat inflation.
Botswana's productivity "embarrassingly low"
Research at the Bank of Botswana, suggests the country's competitiveness and productivity is "embarrassingly low", said the governor, Linah Mohohlo.
Remittances on the rise in the Philippines
Money sent home by Filipinos working abroad rose 18% to $1.1bn in June compared to the same month last year.
Bangladesh Bank acts on corruption
Bangladesh's central bank has taken action against seven of its officials for allegedly siphoning off money and defaulting on loan repayments.
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
Norges Bank raises interest rates
In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".
Rajan to leave IMF after three years
Raghuram Rajan, the International Monetary Fund's economic counsellor and director of its research department, has decided to return to the University of Chicago by early 2007.
Stagflation in Iraq - central bank
Iraq's central bank sounded a warning as inflation and unemployment hit high levels.
Vietnam probes possible North Korean accounts
State Bank of Vietnam governor, Le Duc Thuy, has revealed that Vietnam is investigating possible illicit North Korean bank accounts held in the country.
Polish central bank chief hits back
Describing the ruling coalition as a threat to the country's democratic system, the National Bank of Poland president, Leszek Balcerowicz, criticised a parliamentary inquiry into bank privatisation, describing it as "populist actions".
Lebanese governor speaks out on economic threats
The governor of Lebanon's central bank, Raid Salameh, has spoken about the strains on the country's economic recovery.
Thai governor calm over strong baht
Pridiyathorn Devakula, the governor of the Bank of Thailand governor, reassured domestic exporters and investors on Tuesday that the baht is being closely monitored and said that its current value is neither too high or low.
Norway's investments struck by rising krone
Norges Bank today published its second quarter results for its investment management division, showing negative returns in both equity and fixed income markets.
Zimbabwe's Gono no hero for removing zeroes
Protests and arrests accompanied the final day of Zimbabwe's currency exchange.
Indonesia deputy governor passes away
Budi Rochadi, the Indonesian central bank’s deputy governor in charge of the banking payment system, passes away in New York
Zimbabwe currency swap hits deadline
Zimbabwe's old currency ceased to become legal tender at midnight on 21 August, as the deadline ran out for citizens to exchange their notes for new denominations with three less zeroes.
Canada cancels plan for C$200 banknote
The Bank of Canada has withdrawn a proposal to print a C$200 bill after a survey concluded that there is a significant current of opposition from retailers to its introduction.
Colombia raises rates to 21-month high
Colombia's central bank raised its key intervention rate on Friday to 6.75% from 6.5%. The move was expected by market observers as inflationary pressures have been building through high consumer spending, rapid growth in imports and a sharp increase in…