Central Banking
Central Bank of Peru - Annual Report 2007
The Peruvian economy expanded by an impressive 9% last year - the highest growth rate for more than 13 years, the central bank's latest Annual Report reveals.
IT a key engine of banking growth: RBI's Thorat
Usha Thorat, a deputy governor at the Reserve Bank of India, believes IT has played a key role in the rapid expansion of the India banking industry over the last five years.
Norway's Gjedrem explains growth phenomenon
Svein Gjedrem, the governor of the Bank of Norway, has highlighted three reasons why economic growth was high between 2003 and 2007.
Zimbabwe permits shops to deal in foreign money
The Reserve Bank of Zimbabwe on Thursday authorised a small number of the country's businesses to sell goods for foreign currency.
King confirms continued support for banks
Mervyn King, the governor of the Bank of England, assured the City of London's beleaguered banks that he would continue to allow them access to funds after the Special Liquidity Scheme closes next month.
New Zealand cuts by half a point
The Reserve Bank of New Zealand on Thursday cut rates by half a point for the first time in almost seven years on evidence the country's economy was now in recession.
Congress to hold hearing to "stay on top" of SWFs
A US Congressman has called a hearing to examine the impact of sovereign wealth funds' purchases of stakes in some of Wall Street's finest.
Brazil hikes but hints tightening may moderate
The Central Bank of Brazil raised its key rate by 75 basis points for the second-straight vote on Wednesday, but looks likely to back smaller hikes in the coming months.
Stability role necessitates new policy instruments
Central bankers should be given an additional policy instrument if they are asked to ensure financial stability, said Hans Genberg, the executive director responsible for research at the Hong Kong Monetary Authority.
ECB's Papademos on the EU's and China's challenges
Lucas Papademos, the vice president of the European Central Bank, has outlined the common challenges and domestic concerns faced by policymakers in China and the European Union.
Silicon Valley typical of US R&D geography
Research and development (R&D) activity in the US tends to be heavily geographically concentrated, a paper published by the Philadelphia Federal Reserve finds.
Qatar Central Bank - Annual Report 2007
Qatar's state budget realised a surplus for the seventh-straight year in 2006, the central bank's latest Annual Report reveals.
Come together, says ECB's Gonzalez-Paramo
Jose Manuel Gonzalez-Paramo, a member of the ECB's executive board, on Tuesday urged central banks to collaborate more closely in providing liquidity and stability to global financial markets.
Central banks must abandon finance sector: Rogoff
Kenneth Rogoff, a former chief economist at the International Monetary Fund, has urged central banks to stop supporting their beleaguered finance industries.
Indian growth still on track: RBI's Subbarao
Duvvuri Subbarao, the new governor of the Reserve Bank of India, has said that the country's economy will continue to expand at a rapid rate despite growth recently dipping to a three-year low.
China inflation slumps for fourth-straight month
Chinese annual inflation plummeted by almost one-and-a-half percentage points last month to 4.9%.
BoE deputy's outlook gloomy for UK economy
Sir John Gieve, a deputy governor at the Bank of England, has warned that growth will slow and inflation surge in the coming months.
Core inflation a better signal of price trends
The relationship between headline and core inflation has changed significantly over time, research published by the Federal Reserve finds.
ECB's Trichet on information-sharing's importance
Jean-Claude Trichet, the president of the European Central Bank, believes it essential for central banks to share pertinent information about their domestic economies with their peers.
Finland chronicles rise of financial education
New research published by the Bank of Finland charts the humble beginnings and rapid development of financial research in the Nordic country.
Central Bank of Honduras - Annual Report 2007
The Central Bank of Honduras raised rates four times last year to combat a surge in inflation, the institution's latest Annual Report states.
GCC to pick home for regional central bank
Gulf states involved in plans to create a regional central banking hub are to choose a location for the institution next week.
Philadelphia Fed offers virtual help to homeowners
The Philadelphia Federal Reserve has launched an online resource centre in a bid to help prevent foreclosures and lessen their negative influence on neighbourhoods.
Multilateral agencies begin Georgia mission
Officials from multilateral agencies landed in Georgia on Monday to begin a 13-day needs-assessment mission.