News
Zimbabwe officially enters hyperinflation
The latest inflation numbers in Zimbabwe confirm that the country has entered into hyperinflation.
Turkish governor defends policy framework
Turkey's central bank should keep its policy framework although inflation targets have been missed two years in a row, said Durmus Yilmaz, the governor.
Coin misuse trouble Bank of Korea
Korean ten-won coins have recently found favour as decorative pendants - a development that has the Bank of Korea worried.
Laurels for ECB from Germany's Merkel
The German chancellor, Angela Merkel, has praised the European Central Bank's (ECB) "very outstanding role" in dealing with the world financial crisis.
Indonesian governor questioned
Burhanuddin Abdullah, the governor of Bank Indonesia has been questioned over an alleged corruption case which the country's powerful Corruption Eradication Commission believes involves the central bank.
Garganas highlights credit market uncertainty
Nicholas Garganas, the governor of the Bank of Greece, acknowledged that the economic impact of credit market developments may be larger than expected.
Jordan's government "needs to rein in spending"
Faris Sharaf, the deputy governor of Jordan's central bank, has called on the country's government to rein in spending to reduce inflationary pressure and narrow the current-account deficit.
Australia considered bigger rise
Minutes from the February board meeting of the Reserve Bank of Australia show that the central bank considered raising its cash target by a bigger margin than the quarter percentage point rise announced on 5 February.
Carney point finger at China in first speech
Mark Carney, in his first speech as governor of the Bank of Canada, said that China is partly responsible for the subprime disaster that has dragged North America into a slump and disturbed financial markets around the world.
EU rules may scupper Northern Rock plan
A European Commission official said that if the British government continues to provide support for Northern Rock beyond 17 March, which under the plans for the nationalisation of the bank announced this week seems inevitable, it will have to prove that…
Australia to screen sovereign wealth funds
Australia has issued a set of screening criteria to be used by the country's regulators in determining whether to allow investment made by sovereign wealth funds.
China's inflation rises steeply
China's inflation rose at the quickest rate for over 11 years after the worst blizzard in half a century disrupted the country's food supplies, paralysing transport and destroying crops.
Northern Rock to be nationalised
Alistair Darling, the British chancellor of the exchequer, has announced that Northern Rock will be put into public ownership - the first nationalisation of a sizeable British bank for 25 years.
Reserve managers look to derivatives
A survey by Central Banking Publications, sponsored by the Royal Bank of Scotland, has found that central bank reserve managers are still searching for yield after the recent credit turmoil, and that over half of those surveyed see derivatives as an…
Poland targets ERM-2 by 2011
Marian Noga, a member of the ten-strong council of the Polish central bank, said on Monday that Poland should join the ERM-2 exchange rate mechanism in 2011.
New anti-corruption measures for Bank of Tanzania
The newly-appointed finance minister of Tanzania, Mustafa Mkulo, has said that one of his first tasks will be to ensure that the country's central bank is less prone to corruption.
Two candidates for Indonesian governorship
Indonesia's president, Susilo Bambang Yudhoyono, has named two candidates to replace Burhanuddin Abdullah as governor of Bank Indonesia when his term of office ends in May.
Japanese rates on hold, strong growth won't last
The Bank of Japan opted to leave rates unchanged for the 14th straight month and said the recent surge in growth would prove short-lived.
Zimbabwean inflation hits fresh record
The official count of Zimbabwean inflation indicated that the rate of price growth more than doubled in December.
Eurozone growth falls, raises chances of Q2 cut
Chances of the European Central Bank (ECB) cutting rates later this year rose as data revealed the pace of growth slackened in the eurozone in the fourth quarter of last year.
Turkey continues cutting rates
The Central Bank of Turkey has voted to cut rates for the sixth straight month.
Czechs move a step closer to readying new act
The Czech National Bank has made further progress on its new central bank law.
GIC set to contribute to bank rescue fund
The Government of Singapore Investment Corporation, a sovereign wealth fund, could become the lead investor in a $6 billion fund set up to invest in troubled banks.
Chances of big cut diminish on Bernanke testimony
Market predictions of another cut to the federal funds rate of at least 50 basis points looked far from certain, following comments from Ben Bernanke, the chairman of the Federal Reserve.