Central Banking
Fed supports minority depository institutions
Randall Kroszner, the governor of the Federal Reserve responsible for supervision, has underscored the central bank's commitment to preserving and supporting minority depository institutions.
Zimbabwean inflation at 2.2m%
Zimbabwe's annual inflation rate has hit 2,200,000%, Gideon Gono, the governor of the country's Reserve Bank, said on Wednesday.
SA stats accused of overestimating inflation
South Africa's government statistics bureau is overestimating inflation by more than two percentage points, Investec, an asset management firm, has argued.
Swiss monetary framework a model of distinction
The Swiss National Bank's unique monetary policy model has allowed the real economy to escape the worst of the financial turmoil, says the International Monetary Fund (IMF).
SWFs scaling back dollar holdings, says FT
Sovereign wealth funds are reducing their dollar holdings, the Financial Times has reported.
Berlin calls off note-printer auction
The German government has abandoned plans to sell its federal printing works.
Hawkish Hoenig emphasises need for speed
Thomas Hoenig, the president of the Kansas City Federal Reserve, described the current federal funds rate as accommodative and said that it was important to move from this stance "in a timely fashion".
We must win public's trust: RBA's Stevens
Glenn Stevens, the governor of the Reserve Bank of Australia, has said that central bankers must contain inflation expectations regardless of whether recent rises in inflation are exogenous or endogenous.
HKMA - Banking Stability Review
The Hong Kong Monetary Authority's (HKMA) Banking Stability Review has found the territory's banking system robust.
Canada - Monetary Policy Report
The Bank of Canada's latest Monetary Policy Report identifies three significant developments affecting the Canadian economy: protracted weakness in the US economy, ongoing turbulence in global financial markets, and sharp increases in certain commodity…
US inflation soars to 5%
The key measure of US annual inflation surged to its highest level since 1991 in June, figures out Wednesday reveal.
Czechs hit out after media ignores warning
The Czech National Bank on Wednesday attacked a leading Czech daily's decision to publish the financial information of its senior employees despite an earlier warning by the central bank.
Senator condemns Fed
A US Senator has attacked Federal Reserve policy and called on Washington to deprive the central bank of some of its rate-setting responsibility.
Ex-Polish PM to head IMF's European department
Marek Belka, a former Polish prime minister and finance minister, will become the new head of the International Monetary Fund's (IMF) European Department. He will be the first Central European to take the role.
US regulators issue guidance on Basel II
The four US regulators responsible for the Basel II framework have published final guidelines on how banks adopting the advanced approaches can best carry out the supervisory review process.
Riksbank decision unanimous
All six members of the Riksbank's Executive Council backed the decision to raise rates a quarter point to 4.5% earlier this month.
Yellen on Fed's response to subprime crisis
Janet Yellen, the president of the San Francisco Federal Reserve, has underlined the central bank's commitment to addressing the mortgage and foreclosure crisis.
Bank of Korea - Annual Report 2007
The total assets of the Bank of Korea rose by almost 7% during 2007, the central bank said in its latest Annual Report.
Philippines' Tentango on links with banks
Amando Tetangco, the governor of the Central Bank of the Philippines, said that the institution should foster stronger links with the country's banking sector.
Canada holds rates, warns on inflation
The Bank of Canada on Tuesday opted to keep rates at 3% but warned inflation was set to soar above 4%, double the institution's target.
Olympic banknotes spark queues in Hong Kong
The release of special banknotes to mark the Beijing Olympics has prompted queues outside the Bank of China's Hong Kong branches.
Japan lowers growth forecast
The Bank of Japan has revised down its growth estimate for this year on the back of flagging business fixed investment and poor private consumption figures.
UK inflation surges to 16-year high
British headline inflation rose to 3.8% in the year to June, its highest level since 1992.
Fed tightens lending standards
The Federal Reserve on Monday approved a series of measures which it hopes will protect consumers against the sort of misleading lending practices considered partly responsible for the subprime crisis.