News
ECB hints at rate pause for coming months
Jean-Claude Trichet, the president of the European Central Bank (ECB), indicated on Thursday that eurozone rates were now high enough to bring inflation back to target.
Europe the best-regulated region: IMF
European authorities lead the world in regulation, says new research published by the International Monetary Fund (IMF).
Analysts split on FOMC outlook
The decision to hold rates at 2% was widely expected, but the Federal Open Market Committee's post-meeting statement has divided Fed watchers.
US should follow IMF's lead on SWFs
US lawmakers heading a working group on sovereign wealth funds have deemed the International Monetary Fund, not the US Congress, the appropriate forum for addressing funds' transparency and accountability.
Nigeria presses banks to post loan costs
The Central Bank of Nigeria is enhancing transparency for the country's consumers by requiring banks to disclose their loan costs and deposit rates on the internet.
Corrigan report calls for risk overhaul
A study group headed by Gerry Corrigan, a former New York Fed chief, has urged all major financial institutions to make wide-ranging and far-reaching changes to the way they handle risk.
Fed appoints community banker to governor role
The Federal Reserve's governing board is now just one member short after Elizabeth Duke, a community banker, was sworn in on Monday.
Rock's Bank loan to be transferred to Treasury
British mortgage lender Northern Rock's £17.5 billion-worth ($34.2 billion) of Bank of England debt will be passed on to the Treasury, it emerged Tuesday.
RBA holds but hints cut to come soon
The Reserve Bank of Australia kept rates at a 12-year high for the fifth-straight month on Tuesday but suggested that it could soon lower borrowing costs.
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.