Official Record

Depth of Icelandic cut limited on krona concern

Members of the Central Bank of Iceland's monetary policy committee decided unanimously to cut the key policy rate by a full percentage point to 17% but resisted a steeper move owing to caution about the impact on the currency, the minutes for the 17 and…

Turkey justifies cut to record low

The Central Bank of Turkey cut rates by 100 basis points to an all-time low earlier this month on signs that the global economic outlook continued to deteriorate and the depression was expected to be long lasting, the minutes for the 19 March meeting…

Japanese outlook grim

Economic conditions have deteriorated significantly and are likely to continue doing so for the time being, notes the Bank of Japan in its latest Monthly Report on economic and financial developments.

BoE unanimous on March decision

The minutes from the March meeting of the Bank of England's Monetary Policy Committee show members voted unanimously to cut bank rate by 50 basis points to a fresh all-time low of 0.5% and to buy £75 billion-worth ($104.8 billion) of assets using central…

RBA on why it kept policy rate unchanged

The Reserve Bank of Australia decided to "pause for a further evaluation" of the economic situation and so leave the cash rate unchanged at 3.25%, according to minutes of the March meeting.

Report offers praise for derivatives players

A report from a group of central banks and financial regulators finds that financial-services firms, dealers, buy-side companies and service providers managed their credit derivatives in an orderly manner with no major operational disruptions or…

Fed's Beige Book: economy deteriorating

The latest edition of the Federal Reserve's Beige Book, a guide to business conditions in the 12 districts overseen by the regional Feds, indicates that economic activity deteriorated further in January and February.

Turkey justifies steep cut

The Central Bank of Turkey cut rates by 150 basis points last month on signs that inflation would undershoot its 7.5% target for this year, the minutes for the 19 February meeting reveal.

Central Bank of Iran - Annual Report 2006/07

In the 2006/07 financial year, inflation increased above the target set in Iran's five-year development plan in part due to the central bank's lack of independence, it notes in its latest Annual Report.

RBA explains February cut

Significantly lower forecast for domestic output growth than expected was behind the Reserve Bank of Australia's cut in the cash rate by 100 basis points to 3.25%, according to minutes of the February meeting.

Crisis timeline by the St Louis Fed

The Federal Reserve Bank of St Louis has created a website that documents the major events in the global financial crisis that started in 2007.

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