News
UK rate-setters mulled June rise
Several members of the Bank of England's Monetary Policy Committee considered raising rates in June on the back of poor inflation data.
De La Rue sells cash systems business to Carlyle
Carlyle Group, a private equity firm, looks set to buy the cash systems business of De La Rue, the biggest private printer of banknotes, for £360m ($704m).
PMA sets up scholarship scheme
The Palestine Monetary Authority (PMA) will offer PhD scholarships to the state's brightest students in a bid to strengthen its research and monetary policy department.
Russia seeks greater gains for SWF
Senior Russian politicians have backed plans to create a government agency to enable its sovereign wealth fund to pursue a riskier investment strategy, according to media reports.
One rate hike enough: ECB's Bini Smaghi
The European Central Bank (ECB) looks increasingly likely to raise rates just once in the coming months, after Lorenzo Bini Smaghi, a member of the institution's executive board, said a single 25 basis-point rate hike will suffice to bring inflation back…
UK inflation to top 4%: BoE's King
Mervyn King, the governor of the Bank of England, has warned that UK annual inflation will rocket to more than 4% in the coming months.
Basel Committee issues liquidity guidelines
The Basel Committee on Banking Supervision, an influential group of global regulators, has issued its draft proposals to improve liquidity risk management and supervision.
Online petition set up to stop ECB rate hikes
A French economist has set up an online petition to muster opposition to the European Central Bank's likely rate hike in July.
Fed accused of stalling on Chinese bank licences
Chinese officials have said the Federal Reserve is delaying the approval of banking licences for two of its biggest banks as part of a political ploy.
Turkey raises rates to 16.25%
The Central Bank of Turkey added 50 basis points to the cost of borrowing on Monday in its first policy vote since abandoning its 4% inflation target.
Reform on track: FSF's Draghi
Efforts by an influential group of supervisors to reform financial markets in the wake of the credit crunch are going to plan.
IMF to probe oil-price surge
The International Monetary Fund (IMF) responded to the G8's request for an investigation into the recent rise in oil prices, saying that it will carry out the work.
Runaway Eurozone inflation hits fresh high
Annual inflation in the euro area surged in May to a record high of 3.7%, up from 3.3% the previous month.
HKMA's foreign assets fall HK$6.3 billion in May
The Hong Kong Monetary Authority has reported significant foreign asset losses for its Exchange Fund during May.
National Bank of Belgium revamps website
The National Bank of Belgium re-launched its website on Monday in a bid to enhance access to its services and better publicise its work.
Czech deputy queries Slovak rules to fix prices
A deputy governor at the Czech National Bank has questioned Slovakia's measures to limit inflation in the run-up to its adoption of the euro.
Top lawyer slams FSA for Rock failure
The Financial Services Authority (FSA), the UK's industry regulator, was shockingly lax and inept in its regulation of Northern Rock, a leading regulatory lawyer has said.
Bosnia agrees data swap with banking regulator
The Central Bank of Bosnia and Herzegovina will exchange banking data with the country's financial regulators in a bid to foster stability.
Inflation of paramount importance: BoE's Tucker
A senior Bank of England official has underlined the institution's "overriding" commitment to its 2% inflation target.
Cyprus refuses to sell gold
The Central Bank of Cyprus has rejected government calls to sell its remaining supplies of gold.
India hikes unexpectedly to counter price surge
The Reserve Bank of India surprised markets by lifting its benchmark repurchase rate to 8% on Wednesday.
UK inflation expectations jump to fresh high
A Bank of England survey shows the British public thinks prices will rise by 4.3% over the next 12 months, their highest-ever estimate of annual inflation.
SARB confounds expectations with half-point hike
The South African Reserve Bank raised its policy rate to 12% on Thursday.
Korean SWF could buy Lehman stake
Korea's sovereign wealth fund is one of a number of the country's official institutions that could inject funds into Lehman Brothers, an investment bank, it was revealed on Thursday.