Central Banking
ECB raises rate to 4.25%
The European Central Bank (ECB) has raised interest rates for the eurozone for the first time in a year.
We must be able to let a Bear go bust: Paulson
Hank Paulson, the US Treasury Secretary, called on Wednesday for a regulatory system that can withstand the failure of a large and complex financial firm.
Banknote supplier halts deliveries to Zimbabwe
The dire political situation in Zimbabwe has prompted Giesecke & Devrient, a German banknote supplier, to stop delivering banknote paper to the Reserve Bank of Zimbabwe.
ECB sells 30 tonnes of gold
The European Central Bank (ECB) sold 30 tonnes of gold on 30 June.
New York Fed promotes five senior vice presidents
The New York Federal Reserve announced the appointment of five new senior vice presidents and ten vice presidents on Monday.
Price surges hitting Africa hard: IMF
Several African countries are set to suffer a large blow as a result of soaring food and energy prices, the International Monetary Fund has said.
HKMA on how best to predict exchange-rate movement
Combining a number of exchange-rate forecasting models works better than relying on a single one, research published by the Hong Kong Monetary Authority reveals.
Fed posts Bear Stearns meeting minutes
The Federal Reserve has made public the minutes of its meetings on the future of Bear Stearns.
Italy's Draghi on the euro
The euro's role as an international reserve currency is set to grow, Mario Draghi, the governor of the Bank of Italy, believes.
RBA publishes payment systems reform responses
The Reserve Bank of Australia has released the public responses to its latest review of the reform of Australia's payments system.
BIS's Knight to leave on 1 July
Malcolm Knight, the outgoing general manager of the Bank for International Settlements (BIS), is to step down three months ahead of schedule.
Weaker unions will limit inflation: BIS's Knight
The outgoing head of the Bank for International Settlements (BIS) offered some succour to central bankers on Monday, saying that the decline of unionisation will mean the second-round effects of the recent surge in global food and commodity prices will…
Eurozone inflation surges to 4%
Euro-area annual inflation is expected to have soared to a fresh high of 4% in the year to June, data released Monday revealed.
UK Treasury publishes financial stability reforms
The UK Treasury on Tuesday further outlined plans to strengthen financial stability and protect depositors.
Bahrain's governor appoints new adviser
Rasheed Al-Maraj, the governor of the Central Bank of Bahrain, has appointed Michael Taylor, a former head of banking policy at the Hong Kong Monetary Authority (HKMA), as his adviser.
Bank and FSA not to blame for Rock: Lord George
Lord Edward George, a former governor of the Bank of England and a director at the Bank for International Settlements (BIS), believes that Northern Rock's management was responsible for the collapse of the mortgage lender.
Inflation targets impact medium-term expectations
A research paper published by the Bank of England finds evidence that the introduction of inflation targeting has caused both the general public and professionals to anchor their expectations, rather than basing them on current retail price index…
Policy must consider credibility: Canada's Carney
Mark Carney, the governor of the Bank of Canada, has stressed that central bankers must consider the impact that greater monetary-policy flexibility has on credibility.
CNB - 2007 report on financial supervision
The Czech National Bank discusses implementation of Basel II and the Markets in Financial Instruments Directive (MiFID) in its latest regulatory review.
BIS calls for countercyclical framework
The Bank for International Settlements (BIS) has called for regulators and central banks to work together to limit procyclicality.
NZ's Bollard wary of calls for cyclical policy
Alan Bollard, the governor of the Reserve Bank of New Zealand, discusses the threat of recession, the central bank's new liquidity rules, and dealing with the procyclicality of credit cycles
India's Reddy champions growth for all
Economic growth should only be an objective of the Reserve Bank of India if wealth creation is inclusive, says Y.V. Reddy, the governor of the central bank
How Asia's banks rode out the credit crisis
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, explains why Asia's banks have emerged unscathed from almost a year of financial tumult
Slovakia faces up to inflation threat
Ivan Sramko, the governor of the National Bank of Slovakia, details how the authorities are tackling the threat of inflation in the run up to euro accession and beyond