Official Record
RBA looking to lower rates
The Reserve Bank of Australia has reiterated that it will soon cut its key rate, now at a 12-year high, on signs that high borrowing costs are now curbing domestic demand.
US inflation and unemployment to rise: poll
US economic growth in 2008 will be slower than in 2007, with inflation staying high and unemployment rising, according to a survey of participants at the Chicago Fed's annual Automotive Outlook Symposium.
Peru to be an economic success story
The probability that Peru becomes an economic success story in the next ten years is very high, says a new paper from the Central Bank of Peru.
Papua New Guinea: monetary tightening ahead
The Bank of Papua New Guinea will adopt a tightening monetary policy stance for the remainder of 2008, according to the central bank's latest monetary policy statement.
New Jersey fifth in mortgage foreclosures
New Jersey ranks fifth among states for the proportion of subprime mortgages in foreclosure, finds a new article from the New York Federal Reserve.
Trinidad and Tobago - Annual Report 2007
Trinidad and Tobago's external position remained robust as a result of high energy prices, with a current account surplus estimated at 20% of GDP, reveals the Central Bank of Trinidad and Tobago's latest annual report.
Joint Forum: reduce dependence on external CRs
Investors should never exclusively rely on external ratings when evaluating credit risk transfer instruments, says the Joint Forum, a group of senior financial regulators, in a paper on this sector.
Asian inflation may spark investor flight
If inflation continue to rise, a deterioration of investor sentiment about emerging-markets economies cannot be ruled out, said the Exchange Fund advisory committee of the Hong Kong Monetary Authority according to minutes of its June meeting.
Bank of Albania - Annual Report 2007
Albania's economy grew by 6% in 2007, supported by high foreign direct investment, reveals the Bank of Albania's latest annual report.
Korean growth slows
Korea's economy slowed in June as the pace of CPI inflation picked up. The increase in the CPI was mainly due to high oil prices, said the Bank of Korea in its second quarterly bulletin for 2008.
Why South Africa avoided the crunch
South African banks have been mostly insulated from the global turmoil as the banking sector has had no direct exposure to the subprime mortgage market, reports the South African Reserve Bank's bank supervision department.
Czech financial assets growth sluggish
Growth in the total financial assets in the Czech economy dipped in the first quarter of 2008 to 1%, according to a quarterly financial accounts report from the Czech National Bank.
Turkey adjusts inflation forecast
Significant increases in the prices of oil and food led to an upward revision in the inflation forecast and mean further monetary tightening will be needed, according to the latest inflation report from the Central Bank of the Republic of Turkey.
Barbados feels the crunch
In the first half of the year, Barbados's economy suffered under the weight of high oil and commodity prices and the slowing global economy, reports the Central Bank of Barbados in its economic review.
Bank of Italy - Annual Report 2007
The Bank of Italy's latest Annual Report spells out the central bank's plans for reorganising its head office, branch network and representative offices.
Solomon Islands - Annual Report 2007
Rick Hou, the governor of the Central Bank of the Solomon Islands, highlighted 11 policy issues and challenges in his remarks on the central bank's latest Annual Report.
HKMA - Banking Stability Review
The Hong Kong Monetary Authority's (HKMA) Banking Stability Review has found the territory's banking system robust.
Canada - Monetary Policy Report
The Bank of Canada's latest Monetary Policy Report identifies three significant developments affecting the Canadian economy: protracted weakness in the US economy, ongoing turbulence in global financial markets, and sharp increases in certain commodity…
Riksbank decision unanimous
All six members of the Riksbank's Executive Council backed the decision to raise rates a quarter point to 4.5% earlier this month.
Bank of Korea - Annual Report 2007
The total assets of the Bank of Korea rose by almost 7% during 2007, the central bank said in its latest Annual Report.
Rates restraining demand: RBA
The Reserve Bank of Australia's rate-setting board believes rates, which it has held at a 12-year high of 7.25% since March, are beginning to restrain demand.
Central Bank of Ireland - Annual Report 2007
The Irish economy will suffer a significant reduction in output growth this year, John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, says in the latest edition of the institution's Annual Report.
Central Bank of the UAE - Annual Report 2007
Financial markets in the UAE witnessed an increase in trade volumes during 2007, the latest edition of the Central Bank of the UAE's Annual Report states.
ECB publishes payment systems report
The European Central Bank (ECB) on Friday released its first payments systems and market infrastructure oversight report.