News
Brazil holds rates at record low
The Central Bank of Brazil decided to keep its benchmark Selic rate at 11.25% today as growth and inflation accelerated. It is the first time in 18 meetings that the central bank has voted against a rate cut.
Fed speculation prompts new dollar-euro low
The dollar fell to a record $1.432 against the euro on Thursday as poor macroeconomic data and results from one of the US's biggest banks prompted futures traders to speculate that the Federal Reserve will cut rates.
Principles-based rules to stay, says UK regulator
Hector Sants, the chief executive of the Financial Services Authority (FSA), said that the regulator remained committed to its principles-based approach.
India's Reddy on factors set to hamper growth
Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.
Howard calls on RBA to focus on growth
John Howard, the Australian prime minister preparing for an election in November, put pressure on the Reserve Bank of Australia to maintain economic growth.
Crisis "clouds growth prospects", says IMF
The International Monetary Fund (IMF) has revised its estimates for global growth in 2008 down by almost half a percentage point.
Turkey lowers rates for second consecutive month
The Central Bank of Turkey slashed its benchmark rate by 50 basis points following September's surprise quarter-point cut.
New executive director at the Netherlands Bank
Joanne Kellermann will join the governing board of the Netherlands Bank on 1 November.
Russian central bank supports bond market
Sergey Ignatiev, the governor of the Central Bank of Russia, has said the central bank bought R46 billion-worth ($1.84 billion) of federal government bonds in September to ease tension in the banking sector.
China's agency "buys" Central Huijin
"We have bought Central Huijin for $67 billion," Lou Jiwei, the chairman of China Investment Corp, the country's investment agency, told reporters on the sidelines of the 17th Communist Party Congress, the nation's key meeting which is held every five…
BoE should have helped earlier: Rock chief
Adam Applegath, the chief executive of Northern Rock, said on Tuesday that injections by the Bank of England earlier on could have mitigated Northern Rock's problems.
Canada keeps rates at 4.5%
The Bank of Canada said on Tuesday that it would hold its target for the overnight rate at 4.5%.
Trichet repeats calls for renminbi appreciation
Jean-Claude Trichet, the president of the European Central Bank, has again urged China to allow its currency to appreciate.
De Rato U-turns on dollar valuation
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), said on Monday that the dollar was overvalued despite recently saying that he believed the opposite to be the case.
Poland set to join ERM II in 2009, says Skrzypek
Slawomir Skrzypek, the governor of the National Bank of Poland, said the country looked likely to join the pre-euro exchange rate mechanism, ERM II, in 2009.
Three US economists scoop Nobel prize
Leonid Hurwicz, Eric Maskin and Roger Myerson are the winners of the 2007 Sveriges Riksbank Nobel Prize in Economic Sciences, the Royal Swedish Academy of Sciences said on Monday.
Wellink calls for speedy ABN break-up
Nout Wellink, the governor of the Netherlands Bank, has urged the three banks who have taken over ABN AMRO to quickly implement their plans to break it up.
SWF mentioned in Virgin bid for Northern Rock
A Middle-Eastern sovereign wealth fund could make up part of Virgin's consortium bid for Northern Rock.
China hikes reserve requirements to curb lending
The People's Bank of China said on Saturday that it is raising its reserve requirement ratio in order to limit loan growth and inflation.
Gold rises to 27-year high
Gold reached a 27-year high on Monday as oil hit $85 per barrel and the dollar weakened further.
Stiglitz praises Chavez's "Bank of the South"
Joseph Stiglitz, a former World Bank chief economist and Nobel laureate, commended plans put forward by Venezuela's president Hugo Chavez for a regional lender for Latin America.
China likely to replace Zhou
Zhou Xiaochuan, the governor of the People's Bank of China, is set to lose his job as part of a wide-ranging reshuffle, the details of which will be announced at next week's party congress.
Former financial stability adviser returns to Bank
Alastair Clark, a former executive director at the Bank of England, is to rejoin the Bank to advise Mervyn King, the governor, on financial stability.
Chile holds rates at 5.75%
The Central Bank of Chile's policy board voted to keep its benchmark rate at 5.75% despite mounting concern over rising inflation.