Eddie George
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.
Greece's Garganas to step down
Nicholas Garganas, the governor of the Bank of Greece, will retire when his first term ends in June.
Little demand for BoE cash
Bids for £15 billion-worth ($29.4 billion) of three-month loans from the Bank of England only just exceeded the amount on offer in spite of strong tensions in sterling interbank markets.
UK opposition calls for new central bank powers
Giving central banks the power to vary the capital banks hold over the economic cycle could help prevent asset price collapses, argued George Osborne, the Conservative shadow chancellor.
UK homeowners fail to benefit from Bank cuts
Cuts to the Bank of England's benchmark rate have had little impact on mortgage rates for some British consumers, data published by the Bank reveals.
BoE holds rates at 5.25%
The Bank of England has opted to keep rates on hold, as expected, following last month's cut and relatively favourable data on growth.
EU's Barroso notes concern over euro's strength
Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.
Emerging markets must be wary of new products
Many emerging-market economies are ill-equipped to deal with the new wave of financial instruments, Jihad Alwazir, the governor of the Palestine Monetary Authority said.
Global stocks plummet on US recession fears
Shares in Asia and Europe plunged on Monday amid concern that a United States recession would hit global growth. The Toronto stock exchange was also down by more than 4% at midday trading.
Gulf reserves set to top $2 trillion
If global oil prices remain high, foreign exchange reserves in the six Gulf Cooperation Council (GCC) countries will exceed $2 trillion by the end of this year.
UK opposition party call for more power for Bank
David Cameron and George Osborne, two senior politicians from Britain's main opposition party, the Conservatives, are pressing for the Bank of England to take on more responsibility for financial regulation.
UK rates held at 5.5%
The Bank of England's monetary policy committee (MPC) on Thursday voted to keep the benchmark bank rate at 5.5%.
Al-Wazir starts as Palestine governor
Jihad Al-Wazir began his term as governor of the Palestine Monetary Authority on Tuesday after Mahmoud Abbas, Palestine's president, approved the appointment on Sunday.
BoE credit survey shows crunch impacting lending
The Bank of England's credit conditions survey, published on Thursday, signalled a marked decline in lending to households and businesses towards the end of 2007.
Bank of England committee unanimously backed cut
All nine members of the Bank of England's monetary policy committee voted in favour of cutting rates to 5.5% earlier this month, minutes published on Wednesday reveal.
Old Lady denies reports of government criticism
The Bank of England countered reports published over the weekend that an unnamed senior Bank of England official had said low government morale was blocking plans for a fundamental overhaul of the financial regulatory system.
Old Lady cuts rates to 5.5%
The Bank of England's rate-setting Monetary Policy Committee (MPC) voted on Thursday to cut its benchmark bank rate by 25 basis points after data suggested the UK economy was weakening.
UK's King gloomy on economic conundrum
Mervyn King, the governor of the Bank of England, said on Thursday that the economic outlook is "uncomfortable" because the problems of the credit crisis are now coupled with burgeoning inflationary pressures.
Poor data raises chances of UK rate cut
Worse-than-expected growth and woeful housing statistics have increased the likelihood that the Bank of England will move to cut rates next month.
Abed tips deputy Al-Wazir for PMA governor
George Abed, the former governor of the Palestine Monetary Authority (PMA), told Central Bank News on Wednesday that he expects Jihad al-Wazir, the deputy governor and current acting governor, to succeed him.
We will survive US snub: Iran's Mazaheri
Tahmasb Mazaheri, the governor of the Central Bank of Iran, has said the country's banks can weather the impact of United States-imposed sanctions. Mazaheri's comments come as Angela Merkel, Germany's chancellor, said she would back more sanctions on the…
Bank of England holds rates at 5.75%
The Bank of England's rate-setting board voted on Thursday to keep its benchmark bank rate at 5.75%.
City wants to keep King
City of London bankers and economists have said they want Mervyn King, the beleaguered governor of the Bank of England, to serve a second term.
Palestine Monetary Authority governor resigns
George Abed, the governor of the Palestine Monetary Authority (PMA), resigned on Sunday after a controversial term during which the country's economy came under heavy pressure.