News
Turkey shifts stance on rates
Turkey has leapfrogged Iceland as the European state with the highest interest rate after the country's central bank backed a 50 basis-point hike on Thursday.
RBA appoints new assistant governor
The Reserve Bank of Australia has promoted Keith Hall to the position of assistant governor responsible for banking and payments.
Denmark raises rates
The Nationall Bank of Denmark lifted its key rate by 10 basis points on Friday in a bid to support the krone.
Extend Fed's regulatory power: Volcker
The Federal Reserve's role as a financial regulator must be expanded given its recent assistance to Bear Stearns and other investment banks, Paul Volcker, a former chairman of the Fed, said.
Fed should have spoken out on housing bubble
The Federal Reserve should have done more to alert American consumers to the bubble in the real estate market, Robert Shiller, an economics professor at Yale, said in an exclusive interview with Central Banking, published on Thursday.
Libya announces improvements for banking sector
In a bid to reform the Libyan banking sector, the country's central bank has modernised its open market operations and payments systems.
Iranian governor opposes president on rates
Tahmasb Mazaheri, the governor of the Central Bank of Iran, has clashed with President Mahmoud Ahmadinejad over the president's decision to set bank rates between ten and 12%, local media reports say.
Zimbabwe prints Z$500m note
The Reserve Bank of Zimbabwe said on Thursday it will circulate a note worth Z$500m ($2,44).
King readies pen as BoE predicts prices to soar
Mervyn King acknowledged on Wednesday that he would almost certainly need to write at least one letter to the British chancellor in the coming months explaining why inflation is more than a percentage point above the Bank of England's target.
We did not repay $700m debt: Zimbabwe's Gono
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied that the institution recently repaid a $700m African Development Bank loan.
Liquidity scheme stabilising markets: BoE staff
The Bank of England's governor and head of markets said on Wednesday that its Special Liquidity Scheme, introduced in late April, had begun to temper money-market tensions.
Interbank spreads to stay above pre-crisis levels
A fundamental shift in money-market attitudes will mean spreads between interbank and official rates remain greater than their pre-August levels for the foreseeable future, the Bank of England's head of markets said on Wednesday.
SA's Mboweni hints at further tightening
Tito Mboweni, the governor of the South African Reserve Bank, said on Tuesday that the institution would do its job of controlling inflation "come hell or high water".
Bernanke cautiously upbeat on liquidity
Ben Bernanke, the chairman of the Federal Reserve, signalled on Tuesday that he believed liquidity conditions in the US were slowly returning to normal.
Inflation surge surprises UK economists
Consumer price inflation in the UK soared to 3% in April, reducing the already-slim chances of a June rate cut to practically nil.
I won't intervene in central bank policy:Turkey PM
Recep Tayyip Erdogan, Turkey's prime minister, has said that the government will not involve itself in central bank policy.
SA braves public with rate forum
Amid fierce criticism of its decision to hike rates to 11.5%, the South African Reserve Bank will meet members of the public to explain why it has decided to tighten policy four times since the summer when almost a quarter of the population are…
Central banks want more action on FX risk
Central bankers have proposed a raft of measures aimed at further reducing foreign-exchange settlement risk.
Canadian banks want action on collateral reform
Canada's biggest banks have urged Jim Flaherty, the country's finance minister, to quickly grant the central bank greater powers to set collateral requirements, local media reports have said.
Probability of June rate cut falls on UK data
The chances of the Bank of England's Monetary Policy Committee (MPC) opting to cut rates next month looked slim after data out Monday showed producer price inflation (PPI) shot up in April.
Fund warns Gulf countries on inflation
Gulf Cooperation Council (GCC) countries with currencies pegged to the greenback will face a tough battle against inflation, the International Monetary Fund said on Monday.
Rate talk inappropriate: Japan's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, on Monday confirmed the central bank has abandoned trying to raise rates for the time being because of the uncertainty surrounding the economic outlook.
China hikes reserve ratio again
The People's Bank of China raised its reserve requirement ratio for the fourth time this year after producer price inflation soared 10.2% year-on-year in the first quarter.
Padoa-Schioppa resigns from IMF role
Tomasso Padoa-Schioppa quit on Friday as chairman of its International Monetary and Final Committee.