Central Banking
Fed looks to boost lending by financing loans
The Federal Reserve on Tuesday looked to bolster bank lending by pledging to lend up to $200 billion against highly-rated securities backed by new consumer and business loans.
EBRD gives gloomy outlook on eastern Europe
Growth is set to falter across most of central and eastern Europe next year, with two of the three Baltic states likely to contract, the European Bank for Reconstruction and Development (EBRD), said on Tuesday.
Canadian deputy resigns
Sheryl Kennedy, a deputy governor at the Bank of Canada, is to leave the central bank next week.
Norwegian oil fund hit hard by crunch
The crisis in global financial markets has led Norway's Government Pension Fund to record its largest ever quarterly loss in the three months to September.
HKMA's Yue keen on Islamic finance
There is long-term potential in Islamic finance, said Eddie Yue, a deputy executive chief of the Hong Kong Monetary Authority (HKMA).
Papua New Guinea's Kamit praises polymer
The benefits of polymer banknotes are their cost-effectiveness, durability and greater ability to withstand counterfeiting, said Wilson Kamit, the governor of the Papua New Guinea.
Bank's Bean calls for counter-cyclical regulation
Charlie Bean, a deputy governor of Bank of England, has called for a regulatory regime that works against the natural cyclical excesses of the credit cycle.
Non-bank retail payments schemes in Canada
A new paper from the Bank of Canada provides an overview of the different kinds of non-bank retail payments schemes available in Canada.
Interview: Stanley Fischer
Stanley Fischer, the governor of the Bank of Israel, tells CentralBanking.com about his work at the central bank, the impact of the crisis on central banking and why the International Monetary Fund is the right organisation to facilitate the reform of…
Fed's Warsh mooted as Geithner's successor
Kevin Warsh, a governor of the Federal Reserve, has been tipped to succeed Tim Geithner at the helm of the New York Fed.
US authorities shore up Citi
Washington will invest $20 billion and insure up to $306 billion-worth of distressed assets in a bid to shore up confidence in Citi, the world's biggest bank.
Saudi cuts rates, boosts liquidity
The Saudi Arabian Monetary Agency made a fresh bid to boost the health of its ailing banking industry on Sunday.
Malaysia acts on signs of slowdown
Bank Negara Malaysia on Monday cut its key rate after keeping borrowing costs on hold for more than two and a half years.
Variety is key to forecasting bank rate
A range of financial instruments are needed to accurately measure expectations of future Bank of England policy rates, research by the Bank finds.
Sepa report: progress made, but more to be done
The European Central Bank has said it welcomes the evident progress made on the Single Euro Payments Area (Sepa) project, but has noted that work urgently needs to be done.
Bermuda Monetary Authority - Annual Report 2007
Last year saw the Bermuda Monetary Authority introduce a new enterprise risk management framework, the institution notes in its latest Annual Report.
ECB cut "appropriate" - Belgium's Quaden
Guy Quaden, the governor of the National Bank of Belgium, has deemed the European Central Bank's half-point cut on 8 October appropriate.
Fed's Bullard sounds knell on rate moves
With the effective federal funds rate trailing the Fed's target by more than 60 basis points and interbank spreads for longer-term loans remaining well above pre-crisis levels, one of the regional Federal Reserve presidents has acknowledged further rate…
Price plunge won't herald deflation: ECB's Mersch
Though a fall in the price index at some point in 2009 is likely, such a slump should not be seen as a harbinger of deflation, Yves Mersch, the governor of the Central Bank of Luxembourg and a member of the European Central Bank's (ECB) Governing Council…
Caruana gets top job at BIS
Jaime Caruana, the director of the International Monetary Fund's (IMF) monetary and capital markets department, will succeed Malcolm Knight as general manager of the Bank for International Settlements (BIS).
Japan holds, warns recovery to "take some time"
The Bank of Japan left rates on hold at 0.3% on Friday and warned that the country's ailing economy was unlikely to recover soon.
SNB's Heller to head Basel payments committee
Daniel Heller, the head of the Swiss National Bank's financial stability and oversight section, will take over from Denis Beau, a deputy director general of Banque de France's economics and international relations department, as head of the secretariat…
Denmark's Thomsen on the rise in debt issuance
Higher debt issuance from sovereign issuers is to be expected, Jens Thomsen, a member of the board of governors of the National Bank of Denmark, has said.
BoE's Gieve: further reductions required
Further reductions in bank rate may be necessary, said Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England.