Central Banking
We deserve praise: Philippines' Tetangco
Amando Tetangco, the governor of the Central Bank of the Philippines, believes the institution's Monetary Policy Committee has performed well, all things considered.
Japanese productivity boosted by IT
Since the turn of the millennium, technological progress appears to have raised levels of Japanese productivity, new research published by the country's central bank finds.
ECB tweaks collateral requirements
The European Central Bank (ECB) on Thursday acted on fears banks were taking advantage of its collateral rules by applying a haircut of 12% to asset-backed securities.
IMF to loan Georgia $750m
The International Monetary Fund (IMF) looks set to lend Georgia $750m to help rebuild the country in the aftermath of its conflict with Russia.
SWF code a "valuable solution": IMF's Lipksy
John Lipsky, the first deputy managing director of the International Monetary Fund, has said that a voluntary code of conduct for sovereign wealth funds, provisionally agreed Tuesday, would help capital flow efficiently and promote global financial…
Riksbank hikes but hints at cuts to come
The Riksbank raised rates to a 12-year high on Thursday but indicated that it was likely to cut borrowing costs more sharply than previously thought next year.
Mexico's Ortiz to sit on IMF reform committee
Guillermo Ortiz, the governor of the Bank of Mexico, will be the only central bank representative on the International Monetary Fund's governance reform committee.
The Fed should have followed the shadows: Poole
The US economy would have performed better during the Great Inflation era if the Federal Reserve had implemented the policy of the Shadow Open Market Committee, new research co-authored by William Poole, a former president of the St Louis Fed, finds.
Beige Book signals economy remains weak
The latest edition of the Federal Reserve's Beige Book, which charts business conditions in the 12 districts overseen by the regional Feds, indicates the pace of economic activity remains slow across most of the US.
SA trade deficit narrows in second quarter
South Africa's trade deficit narrowed from 8.9% of GDP in the first quarter to 7.3% in the three months to June, the country's Reserve Bank reported on Thursday.
Switzerland won't escape slowdown: Jordan
Thomas Jordan, a member of the Swiss National Bank's governing board, believes the global economic decline is likely to reach Switzerland, albeit with a lag.
Argentine central bank funds to cover $6.7bn debt
Argentina's president said Tuesday that the authorities would dip into the central bank's coffers to repay the country's $6.7 billion debt to the so-called Paris Club group of creditor countries.
RBNZ's regulatory role expanded
Wellington has broadened the supervisory scope of the Reserve Bank of New Zealand, making the central bank responsible for the regulation of non-bank deposit takers.
Three regional Feds wanted discount rate rise
Directors of three regional Federal Reserves called for a quarter-point increase to the discount rate in July.
Canada holds, says policy appropriately loose
The Bank of Canada on Wednesday kept its key rate at 3% for the second straight vote, deeming rates "appropriately accommodative" given the risks to growth.
Developments a mixed bag for Bank: Goodhart
The growth outlook has deteriorated, but there is room for optimism for the Bank of England in other areas, says Charles Goodhart, a former member of the Monetary Policy Committee
Denmark's Bernstein justifies Roskilde takeover
The National Bank of Denmark opted to bail out Roskilde Bank, the country's eighth largest retail bank, on financial stability fears, Nils Bernstein, the governor of the central bank, said.
Fed funds rate fails to capture policy stance
Eric Rosengren, the president of the Boston Federal Reserve, has noted that the federal funds rate cannot be seen as a fair reflection of the Fed's monetary policy stance in times of stress.
Smaller MPCs rely more on staff views
The use of staff-policy recommendations by central banks' monetary policy committees is negatively related to the size of the rate-setting board, research published by the National Bank of Hungary finds.
Mauritius looks to foster banking sector growth
The Bank of Mauritius is committed to continuing its leading role in the development of the country's banking and financial sector, Jameel Khadaroo, a deputy governor of the central bank, has said.
I'll stay if asked: SARB's Mboweni
Tito Mboweni, the governor of the South African Reserve Bank, confirmed that he would be willing to serve another term at the central bank, after earlier reports suggested he would leave when his current contract expires next July.
Australia cuts on signs of slower growth ahead
The Reserve Bank of Australia lowered its key rate from a 12-year high on evidence that earlier hikes have succeeded in subduing demand.
Risks from low rates warrant attention: Shirakawa
Central banks must be watchful after a period of low rates, cautioned Masaaki Shirakawa, the governor of the Bank of Japan.
China eases lending rules to sustain growth
The People's Bank of China said Monday it will make lending more flexible to encourage "stable and relatively fast growth".