News
Don't stall on euro decision: ex-CNB deputy
Ludek Niedermayer, a former deputy governor at the Czech National Bank, has warned the government against pursuing a wait-and-see strategy on joining the eurozone, describing such behaviour as "a little bit cowardly".
Turkey appoints new deputy
Mustafa Ibrahim Turhan, a board member of the Central Bank of Turkey, will become one of four of the institution's deputies.
Eurozone banks toughen lending standards
Borrowing across the eurozone became harder for both the region's businesses and consumers in the three months to March, the latest European Central Bank lending survey reveals.
India's Chidambaram dismisses SWF plans
Palaniappan Chidambaram, India's finance minister, has said that Delhi has no plans to establish a sovereign wealth fund at the moment.
ECB and BoE leave rates unchanged
As was widely expected, both the European Central Bank (ECB) and the Bank of England left rates on hold on Thursday.
Price instability demands attention: IMF's Lipsky
Central bankers must monitor the recent wave of inflation, which threatens to undermine prospects for restoring the favourable economic climate of recent years, John Lipsky, the International Monetary Fund's first deputy managing director, warned.
Rock run calls for greater role: ex-Bank deputy
Andrew Large, a former deputy governor at the Bank of England, has urged government to grant more power to the Bank in the wake of the Northern Rock run.
Bernanke wants Fed to pay interest on reserves
Ben Bernanke, the chairman of the Federal Reserve, wants to pay interest on banks' reserves to stop interbank charges falling below the federal funds rate.
RBA's Broadbent wins third term
Jillian Broadbent, the only woman on the Reserve Bank of Australia's nine-strong rate-setting board, is to serve a third five-year term.
Slovakia to join eurozone in 2009
Slovakia is set to become the 16th member of the eurozone despite concerns at the European Central Bank that inflation in the country could rise steeply.
Austria names new governor
Ewald Nowotny, a former chief executive of BAWAG, an Austrian Bank, is to replace Klaus Liebscher, at the helm of the country's central bank.
NZ eases rules to ward off turmoil
The Reserve Bank of New Zealand has relaxed its collateral rules as a precaution against further tumult in global financial markets.
BIS starts Americas council
The Bank for International Settlements (BIS) has established a forum aimed at facilitating debate between the Basel-based institution and policymakers in the Americas.
Zimbabwe prints Z$250m note
The Reserve Bank of Zimbabwe will circulate two notes worth Z$100m and Z$250m in an attempt to limit the impact of hyperinflation.
Greece's Garganas to step down
Nicholas Garganas, the governor of the Bank of Greece, will retire when his first term ends in June.
Fed moves to protect borrowers
The Federal Reserve has proposed a raft of measures to clamp down on unscrupulous lenders and strengthen consumer rights.
Russia dismisses rouble speculation
The Central Bank of Russia moved to quash rumours of a revaluation of the rouble on Tuesday.
World Bank appoints SA anti-corruption head
Leonard McCarthy, the chief of South Africa's highly-regarded anti-corruption unit, will head the World Bank's institutional integrity department.
Romania hikes for fourth-straight month
The National Bank of Romania has hiked rates by a quarter-point to a fresh three-year high despite the central bank's governor claiming less than a fortnight ago that rates were high enough.
Central banks announce third wave of joint action
In a clear message that the credit crisis is far from over, three leading central banks announced a further series of liquidity injections in a bid to restore money market spreads to normal levels.
Group set up to work on SWF code
Sovereign wealth funds and International Monetary Fund officials have set up a working group to design a voluntary code of conduct due out later this year.
SNB blames Q1 loss on FX markets
The appreciation of the Swiss franc has led the country's central bank to incur a Sfr3.97 billion ($3.76 billion) loss in the first quarter of 2008.
Fund directors lead exodus
The International Monetary Fund has conducted the first in a series of directorial reshuffles after six senior managers opted for voluntary redundancy.
A book launch to remember
One of those events that London does so well took place Thursday, 1 May, at the London School of Economics (LSE) where there was a short debate and a longer drinks party to launch 'Global Financial Regulation - The Essential Guide', written by Howard…