Central Banking
ECB fails to find builder for new headquarters
The European Central Bank (ECB) said on Wednesday that it had closed its tender for the construction of its new headquarters as contractors' estimates were well above what the central bank had budgeted for.
Former Indonesian governor stands trial
Burhanuddin Abdullah, the former governor of Bank Indonesia who is facing corruption charges, appeared in court on Wednesday.
World Bank publishes governance indicators
Several of the world's emerging economies now have better governance standards than their industrialised peers, the World Bank's latest governance indicators reveal.
Chinese banks improved by foreign investment
The Chinese banking system has benefited from the entry of foreign investors, research published by the Bank of Finland finds.
HKMA's Lau on how to benefit from Islamic finance
Asian economies must cooperate more to reap the rewards of Islamic finance, Edmond Lau, the executive director responsible for monetary management at the Hong Kong Monetary Authority, said.
Trichet reiterates price stability commitment
Jean-Claude Trichet, the president of the European Central Bank, has said that the rate-setting Governing Council is strongly determined to secure the firm anchoring of longer-term inflation expectations.
India acts on double-digit inflation
The Reserve Bank of India on Tuesday made its second emergency rate increase this month, raising borrowing costs by half a point after inflation reached a 13-year high last week.
Tussle forces Tokyo to drop Ikeo nomination
Japan's ruling party will abandon its bid to appoint Kazuhito Ikeo to the Bank of Japan's rate-setting council after the opposition said it would no longer support the move.
Knight departure prompts BIS governance queries
A leading German daily has questioned the integrity of the Bank for International Settlements (BIS) after it emerged that Malcolm Knight, the departing general manager, will not take gardening leave before joining Deutsche Bank, a leading global bank.
Czechs hit out at financial disclosure reports
The Czech National Bank has warned that publication of senior employees' financial positions is illegal after press reports emerged detailing the expenditures of senior staff members.
Central bank took too long to hike: Polish PM
Donald Tusk, Poland's prime minister, has criticised the country's central bank for failing to hike rates sooner to curb inflation.
Education a good investment: CNB's Tuma
Investment in education is by no means an empty slogan, said Zdenek Tuma, the governor of the Czech National Bank.
Norges Bank - Payments Systems Annual Report 2007
Svein Gjedrem, the governor of Norges Bank, urged banks to charge for their payment services in order to cover the costs associated with payment systems.
Canadian housing market remains resilient
The Canadian housing industry is still strong despite the risks and challenges presented by the collapse of the US mortgage market, said Sheryl Kennedy, a deputy governor at the Bank of Canada.
National Bank of Hungary - 2007 Annual Report
The National Bank of Hungary initiated several major changes in 2007 in order to enhance the quality and efficiency of the money supply.
RBI will act to curb double-digit inflation: Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, indicated on Monday that the central bank would move to counter inflation, now at a 13-year high.
Friends of Gieve defend departing deputy
Friends of Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England who announced his decision to step down last week, have rebutted claims that he was culpable for the run on Northern Rock.
Hungary surprises markets with rate hold
The National Bank of Hungary confounded expectations by opting to keep rates at 8.5%.
Fed should hold rates: IMF
The International Monetary Fund said on Friday that the Federal Reserve should keep rates at 2%.
BoJ Americas chief to take director-general role
Tadashi Nunami, the general manager for the Americas and chief representative at the Bank of Japan's New York office, will replace Toshio Idesawa as director-general of the central bank's international department.
Interbank tensions remain: SNB's Jordan
Money markets are still exhibiting signs of stress despite clear signs of a return to calm, Thomas Jordan, a member of the Swiss National Bank's governing board, noted.
RBI's Reddy on India's fiscal deficit
India must reduce its fiscal deficit but this must not limit the government's ability to promote inclusive growth, Y.V. Reddy, the governor of the country's Reserve Bank, believes.
San Francisco Fed - Annual Report 2007
The San Francisco Federal Reserve in 2007 launched an initiative to help homeowners in hard-hit communities to avoid foreclosure, the institution states in its latest Annual Report.
OeNB - Annual Report 2007
Austrian banks were only marginally affected by the US subprime crisis, the country's central bank states in its latest Annual Report.