News
Koruna's climb hampering economy: CNB officials
Zdenek Tuma, the governor of the Czech National Bank, and Mojmir Hampl, a member of the central bank's rate-setting board, have warned that the appreciation of the koruna is damaging the country's economy, prompting speculation that the central bank will…
Singapore enhances liquidity management
The Monetary Authority of Singapore (MAS) is to allow more banks to borrow from its standing facility in a bid to improve liquidity management in the banking system.
Brazil shocks markets with rate spike
The Central Bank of Brazil on Wednesday confounded analysts' expectations, opting to increase its benchmark Selic rate by 75, not 50, basis points.
Two regional Feds pushed for discount rate rise
Directors of two regional Federal Reserves called for a quarter-point increase to the discount rate last month, it emerged Tuesday.
EU imposes sanctions on Zimbabwe
Gideon Gono, the governor of the Reserve Bank of Zimbabwe is barred from the European Union (EU).
SWF report from State Street
The latest report from State Street Corporation, a provider of financial services to institutional investors, assesses the impact of sovereign wealth funds (SWFs) on the global economy. Currently State Street estimates that SWFs have about $3 trillion in…
Dollar depreciation reflects value: IMF's Lipsky
The dollar is now the closest to its medium-term equilibrium value it has been in a decade and is set to remain the global reserve currency, said John Lipsky, the first deputy managing director of the International Monetary Fund.
BoE MPC split three ways on July vote
The scale of the Bank of England's monetary-policy dilemma was underlined on Wednesday when the minutes of the July rate-setting meeting revealed a three-way split.
FSA pushes for covert Bank support
The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.
Zimbabwe introduces Z$100 billion note
The Reserve Bank of Zimbabwe on Monday began circulating a Z$100 billion note.
Witnesses say BI official misappropriated funds
Former members of Bank Indonesia's board of governors have said that one of the senior former central bank officials facing graft charges did misuse public funds.
Basel Committee issues revised Basel II rules
The Basel Committee on Banking Supervision has issued proposals aimed at better aligning Basel II's capital requirements with banks' risk profile.
Boston Fed hires stadium for home-loan class
The scale of the problem in US mortgages has been illustrated by the Boston Federal Reserve holding a workshop for struggling homeowners at the stadium of the New England Patriots, an American football team.
Sarkozy challenges ECB's accountability
Nicolas Sarkozy, the president of France, is reported to be preparing proposals designed to increase the European Central Bank's (ECB) accountability.
SNB's Hildebrand backs tough stance on banks
The integrated bank model can be successful even with new and significantly tougher capital and liquidity requirements, said Philip Hildebrand, vice chairman of the Swiss National Bank, in an interview to the Tages-Anzeiger, a Swiss daily.
Ghana raises rates to combat record inflation
The Bank of Ghana raised rates by a full percentage point on Monday as spiralling oil and food prices drove inflation to a three-year high of 18.4%.
Solomon Islands wait on Hou replacement
The delay in appointing a new governor before Rick Houenipwela leaves in August is causing concern at the Central Bank of the Solomon Islands, according to local media reports.
Mexico looks to squeeze above-target inflation
The Bank of Mexico lifted rates for the second straight month on Friday in a bid to slow inflation which was risen to 5.26% as a result of surging oil and food prices.
Keep wages low, Trichet warns eurozone bosses
Jean-Claude Trichet, the president of the European Central Bank (ECB), has urged euro-area employers to avoid raising wages and prices for services on the back of higher oil and food costs.
Japanese risks balanced, says Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, said on Friday that the risks to growth and inflation in Japan were evenly balanced and that the central bank's policy stance was neutral.
Turkey holds lending rate on liquidity fears
The Central Bank of Turkey continued its rate-tightening run on Thursday by raising borrowing rates by half a point. But volatility in the money markets kept lending rates constant.
Lawmakers press for changes to ECB price target
Members of the European Parliament have proposed a series of changes to the European Central Bank's inflation target.
Banks offer regulatory fix
The banking industry has developed a code of conduct to respond to the flaws highlighted by the global credit crunch.
Zimbabwean inflation at 2.2m%
Zimbabwe's annual inflation rate has hit 2,200,000%, Gideon Gono, the governor of the country's Reserve Bank, said on Wednesday.