News
Bank holds rates as expected
The Bank of England left its key rate at 5% for the second straight month on Tuesday.
Nobel laureate foresees dollar crisis
The value of the greenback could collapse within the next five years without reform of the global monetary system, Robert Mundell, a Nobel Prize-winning economist, has said.
Turkey forced to revise inflation target
The Central Bank of Turkey has admitted defeat over plans to reach its proposed 4% inflation target in the medium term.
Central bankers want action on contagion threat
An influential group of central bankers has urged authorities and the payments industry to tackle the risks presented by the links between systems.
Swiss inflation soars to 15-year high
Inflation in Switzerland shot up to 2.9% in the year to May, its highest level since 1993, data published on Tuesday revealed.
Don't rely on rand depreciation: SA's Mboweni
Tito Mboweni, the governor of the South African Reserve Bank, has told exporters that they should not base their competitiveness on the rand's value.
We'll miss price target: Sri Lanka's Weerasinghe
The Central Bank of Sri Lanka's chief economist acknowledged on Wednesday that inflation would exceed its target range this year.
Bernanke hints at June rate hold
The Federal Open Market Committee's (FOMC) rate-slashing cycle, which has seen rates fall by 325 basis points since September, looks to be at an end.
Nigeria acts to counter likely inflationary surge
The Central Bank of Nigeria has raised rates and its cash requirement ratio on concerns that inflation could soar in the coming months.
Inflation target appropriate: Hungary's Simor
Andras Simor, the governor of the National Bank of Hungary, has defended the central bank's 3% inflation target in the face of political opposition.
Turkish inflation back in double digits
The Central Bank of Turkey looks set to hike rates again after inflation rocketed to 10.74% in the year to May, up from 9.25% the previous month.
Sri Lanka waives ban on foreign accounts
The Central Bank of Sri Lanka will allow foreigners to open accounts with the country's commercial banks in a bid to close the domestic savings gap and foster growth.
ECB celebrates 10th birthday
The European Central Bank (ECB) reached double digits on Sunday and marked its tenth anniversary with a ceremony and concert on Monday.
Bank of Italy to close eurozone branches
The Paris, Brussels and Frankfurt branches of the Bank of Italy will shut by the end of this year.
Iranian news agency closed over governor reports
The Iranian authorities have ordered Fars, one of the country's biggest news agencies, to shut down for three days following the publication of reports over the future of Tahmasb Mazaheri, the governor of the Central Bank of Iran.
ECB may need to refine collateral policy: Paramo
A member of the European Central Bank's (ECB) governing board has said the institution should consider revising the range of collateral it accepts in its open market operations.
Finland to showcase 100 kilo gold coin
The Bank of Finland's museum is to display the world's largest gold coin for one day only.
Markets "far from normal": Fed
Ben Bernanke, the chairman of the Federal Reserve, has stressed that "conditions in financial markets are still far from normal", although liquidity in several market segments has improved and the central bank's interventions have helped to relieve…
Japan struggles to fill board vacancies
The ruling Liberal Democratic Party (LDP) has stuck with its controversial nomination of Kazuhito Ikeo to fill one of the two positions on the nine-member policy board of the Bank of Japan.
CLS adds peso and shekel to settlement fold
CLS bank announced that it will settle payment instructions in the Mexican peso and Israeli shekel this week, bringing the number of currencies processed by the bank to 17.
Traded range of Russian ruble to be widened
Sergei Ignatyev, the chairman of the Russian central bank, says the central bank will slowly widen the traded range of the ruble as the central bank moves to adopt inflation targeting.
Former RBA governor calls for inflation re-think
Bernie Fraser, a former governor of the Reserve Bank of Australia (RBA), says the central bank might have to re-think its use of interest rates to combat inflation if food and fuel prices continue to rise.
Malaysia relaxes foreign currency rules
Bank Negara Malaysia, the country's central bank, has relaxed a number of rules for the administration of foreign currency.
Fed's Mishkin to step down
Frederic Mishkin, a member of the Board of Governor of the Federal Reserve, will leave the central bank at the end of August to return to academic life.