Central Banking
BoE's Blanchflower steps up call for cuts
David Blanchflower, a member of the Bank of England's monetary policy committee (MPC), issued an apocalyptic forecast about Britain's economic prospects, and urged immediate interest rate cuts of at least 25 basis points to prevent the country falling…
Czech's Tuma taciturn on koruna's slump
Zdenek Tuma, the governor of the Czech National Bank (CNB), has said he sees "no need to comment" on recent fluctuations in the value of the koruna against the euro.
Indian growth slows
The Indian economy grew by an annual rate of 7.9% in the second quarter, the slowest rate of growth in more than three years, and down from the 9.2% expansion registered in the second quarter of 2007.
Japan inflation hits highest level for a decade
Japanese annual inflation jumped 2.4% in July, up from 1.9% in June.
Rate cuts alone can't combat crunch: Draghi
Monetary policy cannot be the only, or even the main tool, for reflating the economy and the financial system, said Mario Draghi, the governor of the Bank of Italy.
An agent-based model of payment systems
A new research paper by the Bank of England lays out a multi-agent, multi-period model of a Real-Time-Gross-Settlement system.
IMF's Lipsky on the benefits of transparency
The benefits of central bank transparency should be remembered despite some drawbacks, said John Lipsky, the first deputy managing director of the International Monetary Fund.
Central Bank of Cyprus - Annual Report 2007
Cyprus's successful euro accession was the culmination of the collective efforts of the country's finance ministry and central bank, notes Athanasios Orphanides, the governor of the Central Bank of Cyprus, in his foreword to the institution's latest…
Divorcing money from monetary policy
By paying interest on reserve balances at the central bank's target interest rate, a central bank can increase the supply of reserves without driving market interest rates below its target, says a new paper from the New York Federal Reserve.
Malta - Quarterly Review
A slump in Maltese exports in the first quarter of 2008 had a negative impact on growth, the latest Quarterly Review from the Central Bank of Malta, published in August, states.
T&T's Williams: Caribbean proving resilient
Enhancements to the Caribbean's financial sector have insulated the region from the fallout of the credit crisis, said Ewart Williams, the governor of the Central Bank of Trinidad and Tobago.
ECB's Weber: don't talk up recession threat
There is no reason to talk recession dangers into happening, said Axel Weber, the president of the Bundesbank.
Quarterly US growth revised to 3.3%
Strong export performance, aided by the weak dollar, and less inventory liquidation led to stronger-than-expected US growth in the three months to June.
ECB's Weber signals little support for cuts
Inflation fears could undermine prospects of lower eurozone interest rates, Axel Weber, the president of the Bundesbank and a member of the ECB's Governing Council, indicated.
Bear bust led to dollar-support plans - report
The financial authorities in Frankfurt, Washington and Tokyo considered joint action to stabilise the falling dollar, a leading Japanese business newspaper has reported.
Chile's De Gregorio hints at further hikes
Jose de Gregorio, the president of the Central Bank of Chile, warned that its key rate, now at a ten-year high, is likely to become steeper still.
Dollar less important when reserves abundant
The share of the dollar in global foreign currency reserves falls when reserve levels increase, finds a new paper from the European Central Bank.
R&D not essential for export success
Innovation does not necessarily boost firms' export performance, finds a new paper from the Central Bank of Chile.
Turkey's Yilmaz confident on inflation targets
Inflation targets set for the next three years are attainable even if food and energy prices continue to rise quickly, said Durmus Yilmaz, the governor of the Central Bank of Turkey.
Sri Lanka's Cabraal: invest reserves regionally
South Asian central banks should consider investing their foreign-exchange reserves within the region, said Ajith Cabraal, the governor of the Central Bank of Sri Lanka.
Low rates will soften slump: Japan's Shirakawa
Low rates and less exposure to subprime debt mean Japan is likely to escape a deep downturn, Masaaki Shirakawa, the governor of the country's central bank, has said.
Thailand braves politician's wrath, hikes rates
The Bank of Thailand has raised its key rate a quarter point for the second-straight month to 3.75% despite the Thai finance minister's objections to the July decision.
Rate rise next move: Fed
The next change to the federal funds rate is likely to be an increase, the latest Federal Open Market Committee minutes show.
Canadian deputy sees lower inflation and growth
David Longworth, the deputy governor of the Bank of Canada, said Canadian inflation looks to be slower than projected in July.