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Central Banking

Chile's rate meeting - minutes

Central Bank of Chile's board members decided unanimously to keep the policy rate unchanged at 8.25% for a second month on expectations that slowing global economic growth may put the brakes on domestic inflation, the minutes of the November meeting show.

Islamic finance and insurance tie-up

The International Association of Insurance Supervisors (IAIS) and the Islamic Financial Services Board (IFSB) signed a working agreement aiming at establishing a sound regulatory and supervisory framework for the Islamic insurance industry.

Zero rates the only way out: ex-MPC members

Central bankers and global regulators must throw out the rule book on moral hazard, and act rapidly and decisively to fix the global financial meltdown, former members of the Bank of England's Monetary Policy Committee have said.

FDIC surveys bank overdraft programmes

The Federal Deposit Insurance Corporation (FDIC) has gathered data on the types, characteristics, and use of overdraft programmes operated by the1,171 banks supervised by the deposit insurance regulator.

Canadian households can handle debt

Despite increases in the debt-to-income ratio since the1990s Canadian households remain well positioned to manage their increased debt levels, a new paper from the Bank of Canada finds.

British PM denies UK close to joining euro

Gordon Brown, the British prime minister, has denied the UK plans to join the eurozone after the European Commission president said Britain was "closer than ever before" to adopting the single currency.

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