News
China clamps down on hot money
The authorities in Beijing have announced new measures to curb the inflow of speculative money, which is adding to the booming economy's increasing inflation problem.
ECB's Tumpel hails "encouraging" replies to T2S
Responses from Europe's settlement houses to an invitation to join the European Central Bank's settlement initiative, T2S, have been "encouraging" said Gertrude Tumpel-Gugerell, an executive director at the ECB, two days ahead of the deadline for replies.
ECB raises rate to 4.25%
The European Central Bank (ECB) has raised interest rates for the eurozone for the first time in a year.
We must be able to let a Bear go bust: Paulson
Hank Paulson, the US Treasury Secretary, called on Wednesday for a regulatory system that can withstand the failure of a large and complex financial firm.
Banknote supplier halts deliveries to Zimbabwe
The dire political situation in Zimbabwe has prompted Giesecke & Devrient, a German banknote supplier, to stop delivering banknote paper to the Reserve Bank of Zimbabwe.
ECB sells 30 tonnes of gold
The European Central Bank (ECB) sold 30 tonnes of gold on 30 June.
New York Fed promotes five senior vice presidents
The New York Federal Reserve announced the appointment of five new senior vice presidents and ten vice presidents on Monday.
Price surges hitting Africa hard: IMF
Several African countries are set to suffer a large blow as a result of soaring food and energy prices, the International Monetary Fund has said.
BIS's Knight to leave on 1 July
Malcolm Knight, the outgoing general manager of the Bank for International Settlements (BIS), is to step down three months ahead of schedule.
Weaker unions will limit inflation: BIS's Knight
The outgoing head of the Bank for International Settlements (BIS) offered some succour to central bankers on Monday, saying that the decline of unionisation will mean the second-round effects of the recent surge in global food and commodity prices will…
Eurozone inflation surges to 4%
Euro-area annual inflation is expected to have soared to a fresh high of 4% in the year to June, data released Monday revealed.
UK Treasury publishes financial stability reforms
The UK Treasury on Tuesday further outlined plans to strengthen financial stability and protect depositors.
Bahrain's governor appoints new adviser
Rasheed Al-Maraj, the governor of the Central Bank of Bahrain, has appointed Michael Taylor, a former head of banking policy at the Hong Kong Monetary Authority (HKMA), as his adviser.
BIS calls for countercyclical framework
The Bank for International Settlements (BIS) has called for regulators and central banks to work together to limit procyclicality.
Candidates touted to succeed BIS's Knight
Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…
Canada to accept US Treasuries for the first time
The Bank of Canada will accept US Treasuries as collateral for the first time ever on Monday.
Egypt hikes rates to combat rampant inflation
The Central Bank of Egypt hiked its benchmark rate half a point and its discount rate a full percentage point on Thursday in a bid to combat inflation, now at a 19-year high.
Estonia circulates improved notes
The Bank of Estonia on Thursday released into circulation new EEK25 ($2.52) and EEK500 ($50.30) notes with enhanced security features.
Taiwan raises rates
Taiwan's central bank has increased its key policy rates by 12.5 basis points each as part of a raft of monetary policy measures aimed at controlling inflation, which is now at a seven-year high.
US regulator approves Basel II for smaller banks
The Federal Deposit Insurance Corporation (FDIC), one of the US's regulatory agencies, on Wednesday approved a version of the Basel II framework designed for the country's smaller banks.
HKMA shuffles executive directors
The Hong Kong Monetary Authority (HKMA) on Thursday announced two new executive director appointments.
NY Fed revamps organisational structure
The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.
Fed keeps rates on hold
The Federal Open Market Committee (FOMC) opted on Wednesday to hold rates for the first time since August following a sequence of eight straight cuts.
Poland raises rates a quarter point
The National Bank of Poland increased rates by a quarter point on Wednesday.