News
Turkey lowers rates for second consecutive month
The Central Bank of Turkey slashed its benchmark rate by 50 basis points following September's surprise quarter-point cut.
New executive director at the Netherlands Bank
Joanne Kellermann will join the governing board of the Netherlands Bank on 1 November.
Russian central bank supports bond market
Sergey Ignatiev, the governor of the Central Bank of Russia, has said the central bank bought R46 billion-worth ($1.84 billion) of federal government bonds in September to ease tension in the banking sector.
China's agency "buys" Central Huijin
"We have bought Central Huijin for $67 billion," Lou Jiwei, the chairman of China Investment Corp, the country's investment agency, told reporters on the sidelines of the 17th Communist Party Congress, the nation's key meeting which is held every five…
BoE should have helped earlier: Rock chief
Adam Applegath, the chief executive of Northern Rock, said on Tuesday that injections by the Bank of England earlier on could have mitigated Northern Rock's problems.
Canada keeps rates at 4.5%
The Bank of Canada said on Tuesday that it would hold its target for the overnight rate at 4.5%.
Trichet repeats calls for renminbi appreciation
Jean-Claude Trichet, the president of the European Central Bank, has again urged China to allow its currency to appreciate.
De Rato U-turns on dollar valuation
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), said on Monday that the dollar was overvalued despite recently saying that he believed the opposite to be the case.
Poland set to join ERM II in 2009, says Skrzypek
Slawomir Skrzypek, the governor of the National Bank of Poland, said the country looked likely to join the pre-euro exchange rate mechanism, ERM II, in 2009.
Three US economists scoop Nobel prize
Leonid Hurwicz, Eric Maskin and Roger Myerson are the winners of the 2007 Sveriges Riksbank Nobel Prize in Economic Sciences, the Royal Swedish Academy of Sciences said on Monday.
Wellink calls for speedy ABN break-up
Nout Wellink, the governor of the Netherlands Bank, has urged the three banks who have taken over ABN AMRO to quickly implement their plans to break it up.
SWF mentioned in Virgin bid for Northern Rock
A Middle-Eastern sovereign wealth fund could make up part of Virgin's consortium bid for Northern Rock.
China hikes reserve requirements to curb lending
The People's Bank of China said on Saturday that it is raising its reserve requirement ratio in order to limit loan growth and inflation.
Gold rises to 27-year high
Gold reached a 27-year high on Monday as oil hit $85 per barrel and the dollar weakened further.
Stiglitz praises Chavez's "Bank of the South"
Joseph Stiglitz, a former World Bank chief economist and Nobel laureate, commended plans put forward by Venezuela's president Hugo Chavez for a regional lender for Latin America.
China likely to replace Zhou
Zhou Xiaochuan, the governor of the People's Bank of China, is set to lose his job as part of a wide-ranging reshuffle, the details of which will be announced at next week's party congress.
Former financial stability adviser returns to Bank
Alastair Clark, a former executive director at the Bank of England, is to rejoin the Bank to advise Mervyn King, the governor, on financial stability.
Chile holds rates at 5.75%
The Central Bank of Chile's policy board voted to keep its benchmark rate at 5.75% despite mounting concern over rising inflation.
Canada's Macklem to move to finance ministry
Tiff Macklem, a deputy governor of the Bank of Canada, is to move to the Department of Finance on 1 November.
Korea holds rates at highest level for six years
The Bank of Korea's rate-setting board decided to leave its benchmark rate at a six-year high of 5% on Thursday.
UK regulators launch reform paper
Alistair Darling, the UK chancellor of the exchequer, announced on Thursday the publication of a banking reform discussion paper, written by the Treasury, the Financial Services Authority (FSA) and the Bank of England.
Private sector urges cooperation on rulemaking
The Institute of International Finance (IIF), a global association of finance institutions, called for central bankers and finance ministries to ensure that the regulatory response to the current crisis complements reforms pursued by the private sector.
Japan holds rates at 0.5%
The Bank of Japan's rate-setting committee voted eight to one in favour of maintaining their benchmark rate at about 0.5% on Thursday.
South Africa hikes rates by 50 basis points
The South African Reserve Bank (SARB) surprised markets on Thursday, pushing its benchmark rate up by half a percentage point to 10.5%.