Central Banking
HKMA's Yambo: we will work with Shanghai
Hong Kong and Shanghai will cooperate, rather than compete, with one another to improve the status of south-east Asia as a global hub for finance, Joseph Yam, the chief executive of the territory's monetary authority, said.
Monetary policy alone cannot curb inflation
Monetary policy must be coupled with other economic measures if inflation is to be contained, Durmus Yilmaz, the governor of the Central Bank of Turkey, said.
SARB's monetary policy review
Electricity price rises and the depreciation of the rand, have led to a worsening of the domestic inflation outlook over the past six months, the South African Reserve Bank said in its latest Monetary Policy Review.
Richmond Federal Reserve - Annual Report 2007
Following the retirement of the oldest members of the so-called "baby-boomer" generation, the Richmond Federal Reserve has taken the opportunity to ask if US citizens are saving enough.
Canadian banks want action on collateral reform
Canada's biggest banks have urged Jim Flaherty, the country's finance minister, to quickly grant the central bank greater powers to set collateral requirements, local media reports have said.
Probability of June rate cut falls on UK data
The chances of the Bank of England's Monetary Policy Committee (MPC) opting to cut rates next month looked slim after data out Monday showed producer price inflation (PPI) shot up in April.
Fund warns Gulf countries on inflation
Gulf Cooperation Council (GCC) countries with currencies pegged to the greenback will face a tough battle against inflation, the International Monetary Fund said on Monday.
Rate talk inappropriate: Japan's Shirakawa
Masaaki Shirakawa, the governor of the Bank of Japan, on Monday confirmed the central bank has abandoned trying to raise rates for the time being because of the uncertainty surrounding the economic outlook.
Trichet urges global groups to push for clarity
Jean-Claude Trichet, the president of the European Central Bank, has called on global economic institutions and forums to foster information-sharing and transparency.
China hikes reserve ratio again
The People's Bank of China raised its reserve requirement ratio for the fourth time this year after producer price inflation soared 10.2% year-on-year in the first quarter.
No FX intervention in Q1 - NY Fed
The US monetary authorities did not intervene in foreign-exchange markets during the first quarter of 2008, the New York Federal Reserve said in its quarterly report to Congress.
St Louis Federal Reserve - Annual Report 2007
A retrospective conversation with William Poole, the outgoing president of the St Louis Federal Reserve, is one of the highlights of the institution's latest annual report.
Monetary policy accommodative: Fed's Evans
Charles Evans, the president of the Chicago Federal Reserve, has hinted that US interest rates are now low enough.
Padoa-Schioppa resigns from IMF role
Tomasso Padoa-Schioppa quit on Friday as chairman of its International Monetary and Final Committee.
Don't stall on euro decision: ex-CNB deputy
Ludek Niedermayer, a former deputy governor at the Czech National Bank, has warned the government against pursuing a wait-and-see strategy on joining the eurozone, describing such behaviour as "a little bit cowardly".
Turkey appoints new deputy
Mustafa Ibrahim Turhan, a board member of the Central Bank of Turkey, will become one of four of the institution's deputies.
Eurozone banks toughen lending standards
Borrowing across the eurozone became harder for both the region's businesses and consumers in the three months to March, the latest European Central Bank lending survey reveals.
India's Chidambaram dismisses SWF plans
Palaniappan Chidambaram, India's finance minister, has said that Delhi has no plans to establish a sovereign wealth fund at the moment.
Impact of rate setting on banks assessed
A sharp increase in the steepness of the yield curve has the most negative impact on banks' interest income of any rate shock, research published by the Bundesbank finds.
HKMA Annual Report 2007
The Hong Kong Monetary Authority's Exchange Fund achieved a record rate of return in 2007, the year's annual report reveals.
Uncertainty makes rate path unclear: RBA
The overall impact of a number of opposing economic forces on demand and inflation in Australia is subject to considerable uncertainty, the country's Reserve Bank noted.
SARB must emphasise inflation target's importance
The South African Reserve Bank must communicate why it is so vital to get inflation back within the institution's target range, X.P. Guma, a deputy governor at the central bank, has said.
ECB and BoE leave rates unchanged
As was widely expected, both the European Central Bank (ECB) and the Bank of England left rates on hold on Thursday.
Price instability demands attention: IMF's Lipsky
Central bankers must monitor the recent wave of inflation, which threatens to undermine prospects for restoring the favourable economic climate of recent years, John Lipsky, the International Monetary Fund's first deputy managing director, warned.