News
Czech deputy queries Slovak rules to fix prices
A deputy governor at the Czech National Bank has questioned Slovakia's measures to limit inflation in the run-up to its adoption of the euro.
Top lawyer slams FSA for Rock failure
The Financial Services Authority (FSA), the UK's industry regulator, was shockingly lax and inept in its regulation of Northern Rock, a leading regulatory lawyer has said.
Bosnia agrees data swap with banking regulator
The Central Bank of Bosnia and Herzegovina will exchange banking data with the country's financial regulators in a bid to foster stability.
Inflation of paramount importance: BoE's Tucker
A senior Bank of England official has underlined the institution's "overriding" commitment to its 2% inflation target.
Cyprus refuses to sell gold
The Central Bank of Cyprus has rejected government calls to sell its remaining supplies of gold.
India hikes unexpectedly to counter price surge
The Reserve Bank of India surprised markets by lifting its benchmark repurchase rate to 8% on Wednesday.
UK inflation expectations jump to fresh high
A Bank of England survey shows the British public thinks prices will rise by 4.3% over the next 12 months, their highest-ever estimate of annual inflation.
SARB confounds expectations with half-point hike
The South African Reserve Bank raised its policy rate to 12% on Thursday.
Korean SWF could buy Lehman stake
Korea's sovereign wealth fund is one of a number of the country's official institutions that could inject funds into Lehman Brothers, an investment bank, it was revealed on Thursday.
Beige Book backs up Bernanke comments
The Federal Reserve's Beige Book indicates the US manufacturing sector is passing on higher input costs to customers.
NZ counters payments-systems attack
The Reserve Bank of New Zealand has hit back at criticisms of the country's payments and settlements systems.
ECB's Stark hints at standalone hike in July
The European Central Bank looks likely to raise rates only in July rather than tighten policy on a series of occasions over the coming months.
Analysts see point hike from SARB
Ahead of Thursday's rate-setting meeting, observers expect the South African Reserve Bank to increase the cost of borrowing by 100 basis points taking rates to 12.5%.
Vietnam hikes rates, devalues dong
The State Bank of Vietnam's benchmark rate will soar two percentage points to 14% from Thursday in a bid to counter inflation, while the dong's value will plunge by almost 2%.
Euro-area deserves bigger regulatory role: Merkel
The eurozone's economic importance warrants the region more influence over financial markets regulation, said Angela Merkel, the chancellor of Germany.
Canada surprises markets with rate hold
The Bank of Canada's decision to leave rates on hold shocked analysts expecting a 25 basis point cut.
Stronger stability framework a priority: King
Mervyn King, the governor of the Bank of England, has said that he wants to establish a sturdier financial stability framework during his second term.
Riksbank drops CPIX inflation measure
Barbro Wickman-Parak, the first deputy governor of the Riksbank, said on Monday that the central bank would phase out its use of the CPIX inflation measure.
GCC governors back regional CB plans
Central bank governors in the gulf have taken a significant step towards monetary union, backing the creation of a regional central bank.
Indonesia to target overnight rate
The Bank of Indonesia is looking to enhance its liquidity provision by targeting an overnight interbank rate close to its benchmark rate.
China raises reserve ratio full percentage point
The People's Bank of China upped its reserve requirement ratio by 100 basis points for the first time this year in a fresh bid to cool its overheating economy.
Investment banks must face same rules: Geithner
Timothy Geithner, the president of the New York Federal Reserve who played a key role in the Bear Stearns bailout, has said the major investment banks must be regulated in the same way as their commercial peers.
Russia raises rates unexpectedly
The Central Bank of Russia lifted its key refinancing rate by a quarter point to 10.75% for the third time this year on Monday.
UK PPI hits fresh high, Bank may look to hike
Chances that the Bank of England's next rate change will be a rise rather than a cut rose on Monday after government data revealed a surge in factory-gate inflation.