News
Nigeria plans an oil investment fund
The Central Bank of Nigeria said it is working on a national investment fund that will manage a proportion of its external reserves.
Tunisia holds rates
Tunisian interest rates were unmoved after the monthly meeting of the central bank's executive board on Tuesday.
Iran unafraid of sanctions
Iran will be prepared for the economic consequences of UN sanctions, the governor of the country's central bank, Ebrahim Sheibani, said on Friday.
Hungary raises interest rates
The Hungarian central bank surprised markets with a half-point rate hike on Monday.
Italian banks' merger breakthrough
Two of Italy's biggest banks are to merge to form Europe's 10th largest bank with a market value of €55bn ($80bn).
Interest rates round-up
A brief round-up of recent interest rate decisions in central banks in emerging markets.
Jackson Hole attendees stick to the script
Central bankers and academics at the Fed's annual Jackson Hole conference in the United States discussed the impacts of globalisation at length, but gave away little on immediate policy directions.
Thai central bank wins appeal against ex-governor
A recent decision by Thailand's Supreme Administrative Court clears the way for the central bank to press for damages against former governor, Rerngchai Marakanond.
Japan's inflation lower than expected
Japanese core CPI for July showed a smaller than expected rise in inflation of 0.2% year on year.
Czech central bank holds rates
Thursday's meeting of the Czech National Bank's governing board ended with rates being held at 2.25%, a spokeswoman said.
Value in money laundering doubles in China
The amount of money involved in money laundering in China has more than doubled in 2005 from RMB4bn ($500m) to RMB10bn ($1.25bn), the central bank said on Thursday 24 August.
Governor Hou criticises politicians' pay rise
The governor of the central bank of the Solomon Islands, Rick Hou, has criticised the timing of a recent pay rise awarded to local politicians.
Macfarlane says world can cope with oil shocks
The world economy is surprisingly good at absorbing price pressures from rising oil prices, said Ian Macfarlane, the outgoing governor of Australia's central bank.
Korea changes inflation target measure
Korea will target a new measure of inflation for 2007-2009, the central bank has said.
Russia raises reserve requirements
Russia's central bank has increased minimum required reserves on foreign bank deposits from 2% to 3.5% in an effort to combat inflation.
Botswana's productivity "embarrassingly low"
Research at the Bank of Botswana, suggests the country's competitiveness and productivity is "embarrassingly low", said the governor, Linah Mohohlo.
Remittances on the rise in the Philippines
Money sent home by Filipinos working abroad rose 18% to $1.1bn in June compared to the same month last year.
Bangladesh Bank acts on corruption
Bangladesh's central bank has taken action against seven of its officials for allegedly siphoning off money and defaulting on loan repayments.
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
Norges Bank raises interest rates
In a widely expected move, Norway's central bank raised interest rates by 25 basis points on 17 August. The rise was the third this year and follows the central bank's stated recent pattern of "small and not too frequent steps".
Rajan to leave IMF after three years
Raghuram Rajan, the International Monetary Fund's economic counsellor and director of its research department, has decided to return to the University of Chicago by early 2007.
Stagflation in Iraq - central bank
Iraq's central bank sounded a warning as inflation and unemployment hit high levels.
Vietnam probes possible North Korean accounts
State Bank of Vietnam governor, Le Duc Thuy, has revealed that Vietnam is investigating possible illicit North Korean bank accounts held in the country.
Polish central bank chief hits back
Describing the ruling coalition as a threat to the country's democratic system, the National Bank of Poland president, Leszek Balcerowicz, criticised a parliamentary inquiry into bank privatisation, describing it as "populist actions".