United Kingdom
FSA pushes for covert Bank support
The Financial Services Authority (FSA), the UK's financial regulator, has devised a proposal to allow the Bank of England to provide lender-of-last-resort support in secret.
Rate hikes a risky strategy for bursting bubbles
Sir John Gieve, a deputy governor at the Bank of England, has spoken of two reasons why central bankers should be wary of disciplining financial markets by raising rates.
UK inflation surges to 16-year high
British headline inflation rose to 3.8% in the year to June, its highest level since 1992.
BoE's Sentance on the inflationary threat
In the face of the current oil and commodity price pressures, policymakers cannot expect to maintain the benign world of steady growth and consistently low inflation, said Andrew Sentence, a member of the Bank of England's Monetary Policy Committee.
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.
King declines bumper pay hike
Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.
BoE's Jenkinson on innovation and risk
Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England, highlighted a number of frictions and market imperfections that lower the effectiveness of financial innovation.
UK rates stay at 5%
The Bank of England held its key rate at 5% for the third straight month on Thursday.
Goodhart predicts "annus horribilis" for BoE's MPC
The Bank of England's Monetary Policy Committee (MPC) is in for a terrible year, Charles Goodhart, a former member of the committee, said.
BoE rate low but homeowners face price surge
UK mortgage costs hit an eight-year high at the end of June despite the Bank of England's key rate remaining at 5%, its lowest level for more than two years.
UK Treasury publishes financial stability reforms
The UK Treasury on Tuesday further outlined plans to strengthen financial stability and protect depositors.
Bank and FSA not to blame for Rock: Lord George
Lord Edward George, a former governor of the Bank of England and a director at the Bank for International Settlements (BIS), believes that Northern Rock's management was responsible for the collapse of the mortgage lender.
Inflation targets impact medium-term expectations
A research paper published by the Bank of England finds evidence that the introduction of inflation targeting has caused both the general public and professionals to anchor their expectations, rather than basing them on current retail price index…
How to put the City into financial stability
Michael Foot, a former executive director responsible for supervision at the Bank of England, suggests ways to limit potential conflicts of interest in appointing City of London bankers to the new Financial Stability Committee at the Bank.
Friends of Gieve defend departing deputy
Friends of Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England who announced his decision to step down last week, have rebutted claims that he was culpable for the run on Northern Rock.
BoE's Gieve on economic cycles
Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, on Thursday night made his first speech since announcing he would step down.
Boston Federal Reserve - Annual Report 2007
The Boston Federal Reserve focused on researching the problems stemming from subprime mortgages in 2007, the institution's latest Annual Report states.
BoE's Gieve to leave following stability changes
Sir John Gieve, the Bank of England's deputy governor responsible for financial stability, will step down once changes to the Bank's financial stability role are in place.
Chief economist to succeed Lomax as BoE deputy
Charles Bean, the chief economist at the Bank of England, will replace Rachel Lomax as deputy governor responsible for monetary policy when she steps down at the end of June.
UK rate-setters mulled June rise
Several members of the Bank of England's Monetary Policy Committee considered raising rates in June on the back of poor inflation data.
UK inflation to top 4%: BoE's King
Mervyn King, the governor of the Bank of England, has warned that UK annual inflation will rocket to more than 4% in the coming months.
Bank of England bulletin for Q2
The Bank of England released its second Quarterly Bulletin for 2008 on Monday.
Top lawyer slams FSA for Rock failure
The Financial Services Authority (FSA), the UK's industry regulator, was shockingly lax and inept in its regulation of Northern Rock, a leading regulatory lawyer has said.
Inflation of paramount importance: BoE's Tucker
A senior Bank of England official has underlined the institution's "overriding" commitment to its 2% inflation target.