Central Banking
Ukraine president to block move to sack governor
Viktor Yuschenko, the Ukraine's president, is to launch a legal bid to render parliament's latest attempt to oust the governor of the country's central bank invalid.
St Louis Fed elects new chair
The St Louis Federal Reserve has named Steven Lipstein, the president and chief executive of BJC HealthCare, the chair of its board for the coming year.
Trichet: euro is not dollar's competitor
The euro was not created to compete with the dollar, said Jean-Claude Trichet, the president of the European Central Bank (ECB).
Research assesses risk-management methods
A paper from the Hong Kong Monetary Authority compares different methods for estimating and forecasting the volatilities and correlations of asset returns.
Education pays more in the US than Canada
Education has more impact on pay in the United States than in Canada, posits research from the Bank of Canada.
National Bank of Macedonia - Annual Report 2007
In 2007, the Macedonia economy grew by a record amount, with GDP growth of 5.1%, says the latest Annual Report from the National Bank of Macedonia.
What Washington needs to do next: Ex-Fed's Posen
Adam Posen, a deputy director at the Peterson Institute, a research body, and a former economist at the New York Fed, tells CentralBanking.com why the US administration must be bold, coherent and forceful in dealing with the toxic assets which litter…
Dudley takes helm at NY Fed, Geithner sworn in
William Dudley, the executive vice president of the markets group at the New York Federal Reserve, is to succeed Tim Geithner as president of the central bank after Geithner was sworn in as US Treasury secretary on Monday.
Supervisors must change bonus culture: Wellink
Nout Wellink, the chairman of the Basel Committee on Banking Supervision and president of De Nederlandsche Bank, has called on supervisors around the world to tackle banks' "generous" bonus culture.
India holds but signals cuts could come
The Reserve Bank of India kept its benchmark repo rate at an all-time low of 5.5% on Tuesday but indicated it could soon cut further with the Indian economy vulnerable to the fallout of the financial crisis.
Poland slashes on "considerable" slowdown
The National Bank of Poland cut rates by 75 basis points to their lowest level since April 2007 on Tuesday, citing flagging growth and lower inflation.
BoJ's Shirakawa: we'll monitor macro risks more
The Bank of Japan will continue to strengthen and exercise its role in managing macroprudential risks, said Masaaki Shirakawa, the governor of the central bank.
Bank of Guyana - Annual Report 2007
In 2007, domestic inflation rose to its highest level in nearly two decades, notes the latest Annual Report from the Bank of Guyana.
ECB's Tumpel-Gugerell: crisis impacting economy
The eurozone is experiencing a severe financial crisis that has begun to impact the real economy, said Gertrude Tumpel-Gugerell, a member of the European Central Bank's executive board.
Wage cuts less likely in less flexible markets
Research from Norges Bank finds that it is more difficult to cut wages in economies where labour markets are less flexible.
IMF to cut growth forecast to 1% to 1.5% - report
The International Monetary Fund (IMF) now expects global growth of between 1% and 1.5% in the coming year, down from its November estimate of 2.2%, say reports.
Kuwaiti SWF to take 16% stake in Gulf bank
The Kuwait Investment Authority, a sovereign wealth fund, has taken a 16% share in one of the country's largest banks.
Israel cuts to record low, economy to shrink
The Bank of Israel slashed its key rate by 75 basis points to an all-time low of 1% on Monday and said that it now expected the economy to contract by 0.2% in 2009.
Tetangco on bank security in the Philippines
Bank security management goes beyond guard deployment and monitoring, said Amando Tetangco, the governor of the Central Bank of the Philippines.
ECB officials signal reluctance to cut to zero
Two senior officials at the European Central Bank (ECB) have indicated that the Frankfurt-based institution remains reluctant to follow the Federal Reserve's lead in cutting rates to near zero.
Zim's Gono: sanctions responsible for collapse
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has said that sanctions are to blame for Zimbabwe's economic collapse and that printing more money was essential for his people's survival.
IMF identifies early indicators of bank weakness
Research from the International Monetary Fund identifies a set of indicators and thresholds to distinguish between sound banks and those vulnerable to financial distress.
Central Bank of Turkey - Inflation Report
Turkish inflation is likely to undershoot the 7.5% inflation target in 2009, notes the Central Bank of Turkey's January Inflation Report.
Central Bank of Chile - Financial Stability Report
The main threat to the Chilean economy's financial stability is a contraction in the supply of external funds, notes the latest Financial Stability Report form the Central Bank of Chile.