News
Indian growth slows
The Indian economy grew by an annual rate of 7.9% in the second quarter, the slowest rate of growth in more than three years, and down from the 9.2% expansion registered in the second quarter of 2007.
Japan inflation hits highest level for a decade
Japanese annual inflation jumped 2.4% in July, up from 1.9% in June.
Quarterly US growth revised to 3.3%
Strong export performance, aided by the weak dollar, and less inventory liquidation led to stronger-than-expected US growth in the three months to June.
ECB's Weber signals little support for cuts
Inflation fears could undermine prospects of lower eurozone interest rates, Axel Weber, the president of the Bundesbank and a member of the ECB's Governing Council, indicated.
Bear bust led to dollar-support plans - report
The financial authorities in Frankfurt, Washington and Tokyo considered joint action to stabilise the falling dollar, a leading Japanese business newspaper has reported.
Chile's De Gregorio hints at further hikes
Jose de Gregorio, the president of the Central Bank of Chile, warned that its key rate, now at a ten-year high, is likely to become steeper still.
Low rates will soften slump: Japan's Shirakawa
Low rates and less exposure to subprime debt mean Japan is likely to escape a deep downturn, Masaaki Shirakawa, the governor of the country's central bank, has said.
Thailand braves politician's wrath, hikes rates
The Bank of Thailand has raised its key rate a quarter point for the second-straight month to 3.75% despite the Thai finance minister's objections to the July decision.
Rate rise next move: Fed
The next change to the federal funds rate is likely to be an increase, the latest Federal Open Market Committee minutes show.
Canadian deputy sees lower inflation and growth
David Longworth, the deputy governor of the Bank of Canada, said Canadian inflation looks to be slower than projected in July.
Danish central bank buys bust lender
Denmark's central bank has announced a Dkr4.5 billion ($900m) bailout of Roskilde Bank, the country's eighth largest retail bank, in a bid to stem fears that funding problems could spread through the system.
ECB to revisit collateral rules - Mersch
The European Central Bank (ECB) will change the rules regarding its money-market operations soon amid fears that financial institutions are taking advantage of the wide range of collateral it accepts to obtain funding.
Ex-BoE's Buiter attacks Fed at Jackson Hole
Willem Buiter, a founding member of the Bank of England's Monetary Policy Committee, has panned the Federal Reserve's response to the financial turmoil.
People's Bank buys $246m stake in UK insurer
The People's Bank of China has bought up to £134m-worth ($246m) of shares in the UK's second-largest insurer.
Bernanke outlines steps to let a Bear go bust
Ben Bernanke, the chairman of the Federal Reserve, has laid out plans to remove the threat of banks becoming too big to fail.
Deputy Rarawa set to replace Solomons' Hou
Denton Rarawa, the deputy governor of the Central Bank of the Solomon Islands, looks likely to succeed Rick Hou as head of the central bank.
Iran issues high-value notes, hints at reform
The Central Bank of Iran is swapping high-denomination paper notes for private banks' promissory notes in a bid to exert tighter control over the country's money supply as it plans broader currency reforms.
Germany to curb SWF investment with takeover rules
Berlin is to block big investment in strategic industries by companies from outside the European Union, in a move widely interpreted as an attempt to limit sovereign wealth fund investment.
Banking system fundamentally sound: RBNZ
The Reserve Bank of New Zealand on Thursday moved to assuage fears that the country's financial system is unstable.
SA may target different inflation measure
The South African Reserve Bank may target a different measure of inflation from 2009 onwards, the country's finance minister is reported as saying.
Tanzania expects to find most of stolen CB money
Tanzania's president has claimed the authorities are likely to recover the majority of the central bank funds lost in a TSh133 billion ($115m) fraud that led to a former governor's sacking.
Thai king lavishes praise on Watanagase
Bhumibol Adulyadej, the king of Thailand, has thanked Tarisa Watanagase, the governor of the country's central bank, for her work in stabilising the economy.
Fed investigated Lehman whispers - WSJ
The Federal Reserve called up Credit Suisse, a bank, on the back of rumours that it had closed a credit line to Lehman Brothers, an investment bank, the Wall Street Journal said Thursday.
Georgian violence prompts rate cut
The National Bank of Georgia has cut rates to combat the economic impact of the country's conflict with Russia.