Central Banking
Korea's target hits its aims
By having an explicit inflation target, the Bank of Korea is taking the optimum route to price stability, posits a new paper from the European Central Bank.
What moves the yield curve?
The monetary policy response to the inflation gap impacts the yield curve, says a new research form the Kansas City Federal Reserve.
Zim's Tsvangirai: Gono's fate "first on agenda"
Morgan Tsvangirai, the prime minister of Zimbabwe, has said that the standing of Gideon Gono, the governor of the country's Reserve Bank, is the top priority for the new legislature. The prime minister's statement follows claims by the new finance…
Israel looks to boost economy with bond purchases
The Bank of Israel began buying government bonds on Tuesday in an attempt to pump more money into the economy.
Japan's finance minister resigns, forgets BoJ rate
Shoichi Nakagawa, Japan's finance minister, has stepped down after opposition lawmakers accused him of being drunk at a press conference at which he wrongly stated that the Bank of Japan had set a benchmark target range of between 0% and 0.2%.
Banking will never be the same: BoE's Besley
The credit crisis has irrevocably and fundamentally altered the banking system and its regulation, Tim Besley, a member of the Bank of England's Monetary Policy Committee, has said.
UK inflation stays in letter-writing territory
British CPI inflation edged down in January but less so than analysts' expected. However, RPI inflation slid sharply to a near 49-year low as mortgage costs plunged on the back of the Bank of England's rate cuts.
Saudi deputy replaces governor of 25 years
Muhammad Al-Jasser, the vice-governor at the Saudi Arabian Monetary Agency, will take charge of the central bank after 13 years in his current role.
Leaning against the wind talk hot air: BoE's Bean
Charlie Bean, the deputy governor responsible for the Bank of England's monetary policy, has rejected claims that countering asset-price bubbles with rate hikes would have tempered the worst of the financial excess that triggered the credit crisis.
Fed rate board to get more time to talk
The Federal Open Market Committee's (FOMC) policy meetings for the rest of 2009 will take place over two days to allow more time to discuss the ills of the US economy.
Pakistan calls for second IMF loan
Islamabad is to ask the International Monetary Fund (IMF) for a second multi-billion dollar loan to temper the impact of its counter-terrorism measures on its already-fragile economy. News of Pakistan's request follows the Fund's announcement on Friday…
Look to Stockholm for bailout tips: Cleveland Fed
A Cleveland Federal Reserve study has urged officials to follow Sweden's lead in resolving the financial crisis.
EU could face fiscal-pact threat
The European Commission's November 2008 fiscal stimulus may undermine the Stability and Growth Pact, Jan Qvigstad, the deputy governor at Norges Bank.
Crisis must prompt risk-management reassessment
A new wave of transformation in the standards of risk management is now a priority, Andrew Haldane, the executive director responsible for financial stability at the Bank of England, has said.
Aussie FX market strong despite stutter
The Australian foreign-exchange market has performed relatively well despite a high degree of turbulence, said Chris Ryan, the head of the international department at the Reserve Bank of Australia.
Central Bank of Iceland - Annual Report 2007
Rising Icelandic inflation during 2007 was largely due to a surge in house prices, the country's central bank states in its latest Annual Report.
Canada backs IMF as global regulator
Jim Flaherty, the Canadian finance minister, said that, rather than a new watchdog, the International Monetary Fund (IMF) should oversee international bank regulation.
Chile slashes rates to 4.75%
The Central Bank of Chile confounded market expectations by reducing the cost of borrowing by a full two-and-half- percentage points on Thursday.
Fisher gets markets job
Paul Fisher has been appointed as the new executive director for markets of the Bank of England. Fisher will start in his role on 1 March and will also sit on the monetary policy committee (MPC).
Egypt sees first cut for nearly three years
The Central Bank of Egypt cut interest rates for the first time since April 2006 on Thursday.
Payments systems and the crisis
Ron Berndsen, who heads the payments oversight department at the Dutch central bank, assesses the impact of the crisis on the financial "plumbing".
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.
Riksbank explains sharp adjustment
With this note, the Swedish central bank explains why its recent interest rate cuts have taken rates lower than the level contained in its December forecast.
Sequential bargaining in a New-Keynesian model
This working paper by the European Central Bank considers a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period.