News
Skrzypek plans may damage credibility: Polish MPC
The National Bank of Poland's rate-setting council has said that organisational changes proposed by Slawomir Skrzypek, the president of the central bank, should be dropped while doubts remain over their legality.
Russia raises rates, ups reserve ratio
The Central Bank of Russia has hiked rates and its reserve ratio requirements in a bid to curb inflation.
EU will avoid downturn: Juncker
Europe will not follow the United States into recession said Jean-Claude Juncker, Luxembourg's prime minister and finance minister, on Monday.
Japan's Nukaga scuppers sovereign fund plans
Fukushiro Nukaga, Japan's finance minister, said last Friday that the government was unlikely to set up a sovereign wealth fund because of the risks associated with such a move.
Eurozone inflation hits record high
Eurozone inflation has climbed to its highest level since the European Central Bank was founded in 1999, an early estimate shows.
Fed to add another $60 billion in February
The Federal Reserve said on Friday that it will inject an extra $60 billion into the money markets through two term-auction facility operations.
Philippines lowers rates to 5%
The Central Bank of the Philippines's rate-setting monetary board on Thursday cut its key policy rate by a quarter-point to 5%.
Irish economy to weaken in 2008
The Central Bank & Financial Services Authority of Ireland on Friday said that the pace of growth was set to fall this year as a result of both international and domestic factors.
Qvigstad appointed deputy at Norway central bank
Jan Qvigstad, the head of monetary policy at the Bank of Norway, will succeed Jarle Bergo as deputy governor.
South Africa holds rates
The South African Reserve Bank's rate-setting board voted on Thursday to hold rates at 11%.
Fed profits up 13%
The Federal Reserve System was $38.6 billion in the black for 2007.
Pakistan rates up by half a point
The State Bank of Pakistan's rate-setting board has raised its benchmark interest rate by 50 basis points to 10.5%.
Finland appoints new financial markets head
The Bank of Finland has promoted Kimmo Virolainen to the position of head of financial markets and statistics.
Poland raises rates to 5.25%
The National Bank of Poland's rate-setting monetary policy council opted to hike its benchmark reference rate by 25 basis points on Thursday.
Old Lady could offer covert support under new rule
The British chancellor wants to introduce new rules allowing the Bank of England to give lender-of-last-resort support in secret.
Bank of England's King to get second term
Mervyn King has been granted a further five-year term as the governor of the Bank of England.
Indonesian governor a suspect in corruption case
Indonesia's anti-corruption authorities are investigating allegations made against Burhanuddin Abdullah, the governor of central bank, and two other officials.
SARB may hold rates
Recent power shortages may lead to a rethink on rate rises in South Africa.
Fed cuts rates by half a point
The Federal Open Market Committee voted on Wednesday to lower rates by 50 basis points to 3%.
IMF lowers growth outlook
The International Monetary Fund (IMF) said on Tuesday that it expects global growth to slow to 4.1% this year, down from 4.9% in 2007.
Markets expect half-point cut from Fed
The majority of analysts expect the Federal Reserve to cut rates by a further half-a-percentage point on Wednesday.
Fed auction reveals relative interbank calm
Money market tensions in the United States showed further signs of abating on Tuesday as the Federal Reserve published the results of its latest Term Auction Facility operation.
Spot trades strengthen dominance of FX market
The amounts traded in spot foreign exchange markets have shot up, central bank research reveals.
Malaysia keeps rates at 3.5%
Bank Negara Malaysia's rate-setting monetary policy committee voted to hold its benchmark overnight policy rate at 3.5% on Monday in spite of concern over inflation.