Central Banking
Bankers get to put pressure on Bernanke & Co
An American company is giving Wall Street bankers the chance to squeeze Ben Bernanke, Alan Greenspan and Hank Paulson by immortalising the three figureheads of US finance in the form of stress balls.
India cuts to two-and-a-half year low
The Reserve Bank of India has slashed rates by 100 basis points in a bid to shore up rapidly flagging growth.
Commodity price rises don't spur core inflation
Spikes in commodity prices have tended to have a muted impact on core inflation in recent years, a paper published in the latest of the Bank for International Settlements' Quarterly Review has found.
Rate cuts won't work properly: BoJ's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, has indicated that monetary policy's role in alleviating current conditions is likely to be limited.
Crisis traverses financial system: HKMA's Yam
The boundaries of the global credit crunch go beyond the markets, with the falls in house prices sparking significant slumps in aggregate demand, said Joseph Yam, the chief executive of the Hong Kong Monetary Authority.
BoE's Gieve states case for global action
Ever-more frequent global policy co-ordination will be essential in avoiding future financial crises, Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England, has said.
Hungary continues reversal of drastic hike
The National Bank of Hungary took another step towards reversing its 300 basis-point October hike on Monday, cutting its key rate by a half point.
World Bank governance head to step down
Daniel Kaufmann, the director of global programmes and governance at the World Bank, is to take up a post at the Brookings Institution, a Washington, DC-based think tank.
Openness and clarity - Sweden's Rosenberg reflects
Openness and clarity are of central importance to policy effectiveness, said Irma Rosenberg, the first deputy governor of the Riksbank.
RBI's Mohan on inflows and the rupee
Large volumes of private inflows and export earnings have the potential to over-valuate India's currency, said Rakesh Mohan, a deputy governor of the Reserve Bank of India.
Bulgarian National Bank - Annual Report 2007
The latest Annual Report from the Bulgarian National Bank highlights the central bank's entry to the European System of Central Banks, a group composed of the European Central Bank and the 27 national central banks of all EU members.
Would-be investors scarred by banking crises
Systemic banking crises have a severe impact on behaviour, finds a new paper form the Chicago Federal Reserve.
Banknote Watch SA launched
A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.
T&T's Williams on the crisis
Ewart Williams, the governor of the Central Bank of Trinidad & Tobago, said that while emerging markets have been hit by the crisis, they will be the sole drivers of economic growth in 2009.
Spain's Ordoez hails early warners
Miguel Fernandez Ordoez, the governor of the Bank of Spain, paid tribute to the insights of two economists who warned against the dangers of excessive leverage and argued for counter cyclical capital rules.
Fed's Plosser on crisis measures
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, discusses the Fed's dramatic departures from textbook central banking during the crisis.
Nigerian FX markets stall on intervention hopes
Nigeria's foreign exchange markets froze on Tuesday as banks waited to see if the central bank would intervene to halt the naira's fall.
BI surprises with quarter-point cut
Bank Indonesia surprised markets on Thursday with a 25-basis-point cut in its bank rate that boosted local markets.
Lithuania, Turkey in talks with IMF
Lithuania and Turkey have both confirmed that they are in talks with the International Monetary Fund (IMF) about possible loans.
Bernanke urges action on mortgages
Ben Bernanke, the chairman of the Federal Reserve, has called for an acceleration of efforts to stem a rising tide of home foreclosures.
Watchdog raps TARP management
A congressional watchdog has found the US Treasury wanting on a number of issues related to management and oversight of the $700 billion bailout plan known as the Troubled Asset Relief Program (TARP).
Iceland pledges to restart FX market
The Central Bank of Iceland pledged to restore the foreign-exchange market in the country, naming three banks as market makers.
Bank cuts to historic low
The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.
Bumper day for cuts, three slash by record margin
The European Central Bank (ECB), the Riksbank and the Reserve Bank of New Zealand backed the biggest rate cuts in their history on Thursday, highlighting the pace at which the threat of a global depression has risen.