Central Banking
Czechs hit out after media ignores warning
The Czech National Bank on Wednesday attacked a leading Czech daily's decision to publish the financial information of its senior employees despite an earlier warning by the central bank.
Senator condemns Fed
A US Senator has attacked Federal Reserve policy and called on Washington to deprive the central bank of some of its rate-setting responsibility.
Ex-Polish PM to head IMF's European department
Marek Belka, a former Polish prime minister and finance minister, will become the new head of the International Monetary Fund's (IMF) European Department. He will be the first Central European to take the role.
US regulators issue guidance on Basel II
The four US regulators responsible for the Basel II framework have published final guidelines on how banks adopting the advanced approaches can best carry out the supervisory review process.
Riksbank decision unanimous
All six members of the Riksbank's Executive Council backed the decision to raise rates a quarter point to 4.5% earlier this month.
Yellen on Fed's response to subprime crisis
Janet Yellen, the president of the San Francisco Federal Reserve, has underlined the central bank's commitment to addressing the mortgage and foreclosure crisis.
Bank of Korea - Annual Report 2007
The total assets of the Bank of Korea rose by almost 7% during 2007, the central bank said in its latest Annual Report.
Philippines' Tentango on links with banks
Amando Tetangco, the governor of the Central Bank of the Philippines, said that the institution should foster stronger links with the country's banking sector.
Canada holds rates, warns on inflation
The Bank of Canada on Tuesday opted to keep rates at 3% but warned inflation was set to soar above 4%, double the institution's target.
Olympic banknotes spark queues in Hong Kong
The release of special banknotes to mark the Beijing Olympics has prompted queues outside the Bank of China's Hong Kong branches.
Japan lowers growth forecast
The Bank of Japan has revised down its growth estimate for this year on the back of flagging business fixed investment and poor private consumption figures.
UK inflation surges to 16-year high
British headline inflation rose to 3.8% in the year to June, its highest level since 1992.
Fed tightens lending standards
The Federal Reserve on Monday approved a series of measures which it hopes will protect consumers against the sort of misleading lending practices considered partly responsible for the subprime crisis.
Bernanke on the causes of the oil price surge
Ben Bernanke, the chairman of the Federal Reserve, told Congress on Tuesday that soaring oil prices were most likely the result of supply and demand factors, not speculation.
BoE's Sentance on the inflationary threat
In the face of the current oil and commodity price pressures, policymakers cannot expect to maintain the benign world of steady growth and consistently low inflation, said Andrew Sentence, a member of the Bank of England's Monetary Policy Committee.
Rates restraining demand: RBA
The Reserve Bank of Australia's rate-setting board believes rates, which it has held at a 12-year high of 7.25% since March, are beginning to restrain demand.
Central Bank of Ireland - Annual Report 2007
The Irish economy will suffer a significant reduction in output growth this year, John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland, says in the latest edition of the institution's Annual Report.
Fed will lend to Fannie and Freddie
The Federal Reserve has authorised the New York Federal Reserve to lend to Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.
FDIC seizes Californian bank
The Federal Deposit Insurance Corporation (FDIC), a US regulator, has taken control of IndyMac, a California-based lender with total assets of $32 billion.
King declines bumper pay hike
Mervyn King, the governor of the Bank of England who has repeatedly called on UK employers to avoid hiking wages in line with rising inflation, has refused a salary increase that would have seen his pay soar by more than a third.
UAE speeds up cheque processing
The Central Bank of the UAE has introduced a new cheque-clearing system that will vastly reduce the time taken to process cheques.
UAE's Suwaidi wins fifth term
Sultan Bin Nasser al-Suwaidi, the governor of the Central Bank of the United Arab Emriates (UAE), will serve another four-year term.
BoE's Jenkinson on innovation and risk
Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England, highlighted a number of frictions and market imperfections that lower the effectiveness of financial innovation.
Central Bank of the UAE - Annual Report 2007
Financial markets in the UAE witnessed an increase in trade volumes during 2007, the latest edition of the Central Bank of the UAE's Annual Report states.