News
Ghanaian deputy quits for political role
Mahamudu Bawumia, a deputy governor at the Bank of Ghana, will leave to pursue a political career.
British business calls on Bank to cut rates
One of the most influential lobbying groups for British businesses has urged the Bank of England to cut rates soon.
China shifts stance as inflation falls
The People's Bank of China has moved from a tightening to a neutral monetary-policy stance on the back of a drop in inflation in recent months.
Chile stands tough on inflation
The Central Bank of Chile raised rates to 7.75%, their highest level since December 1998, and warned that it was likely to hike again.
UK regulator slaps $10m fine on Credit Suisse
Credit Suisse, a Swiss bank, is to shell out £5.6m ($10.4m) in fines for mispricing a number of asset-backed securities.
China to set up FX unit to control renminbi
The People's Bank of China will establish a foreign-exchange department to help manage the appreciation of the renminbi.
Mexico hikes again, but further moves unlikely
The Bank of Mexico raised rates for the third straight month on Friday but signalled that it would hold in the coming months in signs of a slump.
Eurozone economy shrinks in second quarter
The eurozone economy looks to have shown a quarterly contraction for the first time since the euro was introduced.
South Africa signals end to rate hikes
The South African Reserve Bank's tightening cycle appears to be at a close after the Pretoria-based central bank held rates at 12% on Thursday.
US inflation soars to 5.6%
US inflation hit its highest level since 1991 in the year to July.
China moves to counter Olympic frauds
The People's Bank of China is introducing measures to avoid an upsurge in fraud during the Olympics.
RBA hints at September cut
Ric Battelino, the deputy governor at the Reserve Bank of Australia, on Thursday gave the central bank's strongest sign yet that it will cut rates at its next monetary policy meeting on 2 September.
Dollar pegs should be reconsidered: King
Mervyn King, the governor of the Bank of England, warned on Wednesday that it would become "increasingly important" for countries to discuss abandoning their dollar pegs in the coming years.
Bank's outlook wintry for UK economy
The Bank of England gave a dismal forecast for the British economy on Wednesday, predicting inflation to rise to about three percentage points above its target and growth to fall sharply.
Central bank action removed liquidity threat: BoE
Senior Bank of England officials on Wednesday said liquidity tensions in global credit markets had diminished on the back of central banks' efforts.
IMF to change exchange-rate surveillance methods
The International Monetary Fund (IMF) on Tuesday is to alter the way in which its monitors members' exchange-rate policies.
Norwegian rates likely to stay high
Norwegian rates, now at their highest level since January 2003, look set to remain at least as steep in the coming months.
UK inflation soars to more than double BoE target
The Bank of England will publish its quarterly Inflation Report on Wednesday with annual inflation at more than double its 2% target.
US and European central banks too transparent
Major central banks such as the Federal Reserve, the Bank of England and the European Central Bank (ECB) may be too transparent, new research finds.
High demand for longer-term Fed funding
The results of the Federal Reserve's first Term Auction Facility (TAF) operation to offer 84-day credit highlight the banking sector's demand for longer-term financing.
Tough times ahead for US borrowers: Fed poll
Lending standards have tightened and are set to become more stringent still, the Fed's latest lending survey shows.
Chinese inflation falls for third-straight month
Chinese consumer price inflation fell to a ten-month low of 6.3% in the year to July.
Simpsons cartoon hero coined on euro
A Spanish shopkeeper has found a defaced euro coin bearing the head of Homer Simpson, the star of the Simpsons cartoon series.
Egypt fears second-round effects, raises rates
The Central Bank of Egypt has increased its three key rates in a bid to contain the impact of soaring food costs.