News
Bank may extend support operations
Paul Tucker, deputy governor of the Bank of England said on 28 May that the Bank might give permanent form to some of the programmes it created specially during the financial crisis.
Cen banks must take long-term view - Buba's Weber
The president of the Bundesbank, Axel Weber, said central banks should consider whole economic cycles, rather than simply shorter-term "snapshots", when they are setting monetary policy.
Bulgarian governor wins second term
Ivan Iskrov has been granted a second stint as governor of the Bulgarian National Bank (BNB), after two-thirds of lawmakers voted in favour of his reappointment.
Ukraine's central bank faces auditors
Accusations of mismanagement and corruption at the National Bank of Ukraine are to be investigated by international auditors, according to an official at the central bank.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
Further cuts possible in Czech interest rates
Miroslav Singer, the vice-governor of the Czech National Bank, has dropped strong hints that further interest-rates cut will be on the cards if the economic situation demands it.
Philippines cuts to 17-year low
The Central Bank of the Philippines has cut its main policy rates by 25 basis points, taking the overnight borrowing rate to new lows of 4.25%.
EU to implement De Larosiere group's proposal
The European Commission has proposed a raft of ambitious reforms to the region's supervisory framework, building on guidelines set out in the recent De Larosiere report.
Policy time horizon must be extended: Shirakawa
The time horizon for rate decisions must be extended as a result of the financial crisis, Masaaki Shirakawa, the governor of the Bank of Japan, has warned.
Tussle over Gono intensifies
Political wrangling over Gideon Gono's position as the head of the Reserve Bank of Zimbabwe intensified on Tuesday after Morgan Tsvangirai, the prime minister, called for the governor to be removed from office.
Gulf economies building new arsenal: DIFC's Saidi
The economies of the Gulf have been hit hard by the global financial crisis, but Nasser Saidi, chief economist of the Dubai International Financial Centre, has seen a number of positives emerging from the ashes.
Policy rates should fall to -5%: SF Fed's Rudebush
The federal funds target would have to fall to -5% for the benchmark rate to be in line with the central bank's Taylor rule, a senior San Francisco Fed official has said.
Unified regulatory architecture needed in the US
An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.
Kohn defends Fed lending against "fiscal" charges
The Federal Reserve's efforts to halt a financial meltdown with lending programmes targeted at specific markets should not be construed as fiscal aid, Don Kohn, the vice chairman of the central bank, has claimed.
ECB staff set for "warning" strike
European Central Bank (ECB) staff are to take industrial action for the first time ever over pensions reform.
Nigeria's Soludo to depart?
Charles Soludo, the governor of the Central Bank of Nigeria, is to leave after one term, reports suggest.
Hoenig moots Fed for bigger payments role
A lack of competition, concerns over integrity and the existence of externalities in the payments sector justify a greater role for the Federal Reserve in the industry, Thomas Hoenig, the president of the Kansas City Fed, has said.
BoJ notes signs of improvement
The Bank of Japan on Friday was relatively upbeat by recent standards about the country's economic prospects.
China should focus on gold not SDRs: Hanke
China would be better off promoting gold rather than special drawing rights (SDRs) as a global reserve currency, a prominent economist has argued.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
HKMA's new chief to face a pay cut?
The new head of the Hong Kong Monetary Authority (HKMA), which is to be Norman Chan, will have to take a substantial pay cut, sources said on Friday.
Markets fear US ratings downgrade: Pimco's Gross
The co-head of the world's biggest bond fund has said that that markets are beginning to price in the threat of the United States losing its triple-A rating, which he believes will eventually go.
Bank's Bean admits QE exit tricky
Charlie Bean, the deputy governor responsible for monetary policy at the Bank of England, has acknowledged that the execution of the Bank's exit strategy for quantitative easing will present the Monetary Policy Committee with a tricky judgment call.
UK placed on negative watch on debt fears
Britain's much-cherished triple-A rating was under threat on Thursday after Standard & Poor's, one of the big three ratings agencies, placed the country on negative watch.