Central Banking
Three-way split underlines Bank's dilemma
The Bank of England's April vote saw members of the Monetary Policy Committee (MPC) backing three separate options for the first time since May 2006, minutes of the meeting published on Wednesday reveal.
Australian inflation hits seven-year high
Australian inflation soared to its highest level since June 2001, raising expectations that the country's Reserve Bank will be forced to hike rates again next month.
Are US exchanges too tough on Canadian firms?
Canadian firms are more likely than most to be involuntarily de-listed from a major US exchange, research published by the Bank of Canada shows.
Ireland's Hurley confident on outlook for 2008
The Irish economy and its banking sector will continue to demonstrate their strength against the background of a challenging international environment this year, John Hurley, the governor of the Central Bank & Financial Services Authority of Ireland,…
Don't shun Asia: Singapore deputy
Investors have to take a longer term view and continue to chase opportunities in Asia in spite of the subprime crisis in the United States denting confidence, Lim Hng Kiang, the deputy chairman of the Monetary Authority of Singapore, said.
ECB Annual Report 2007
The third enlargement of the euro area, which took place on 1 January 2008 when Cyprus and Malta adopted the single currency, occurred in a smooth and efficient manner, Jean-Claude Trichet, the president of the central bank said in his introduction to…
Trinidad's Williams: prepare for inflation wave
Trinidadian inflation is set to surpass the 10% mark in the coming months, Ewart Williams, the governor of the central bank, warned.
Canada cuts rates half a point
The Bank of Canada lowered rates to 3% on Tuesday, a move in line with market expectations.
Papua New Guinea issues new notes for anniversary
The Bank of Papua New Guinea has introduced two new polymer banknotes to commemorate 33 years of the Kina and Toea currencies.
Ukraine raises rate 200 basis points on price fear
The National Bank of Ukraine hiked its discount rate from 10% to 12% on Monday in a bid to temper inflation.
Greek outlook worsens on central bank revisions
The Bank of Greece has downgraded its growth forecast and heightened its inflation estimate for 2008.
Does good governance improve performance?
Research published by the Philadelphia Federal Reserve finds no statistically significant relationship between a central bank's organisational structure and its performance.
BoE must remain focused on inflation
Monetary policy in the UK ought to remain focused on achieving price stability as defined by the inflation target, Tim Besley, a member of the Bank of England's rate-setting committee, has said.
Research uncovers predictors of financial stress
A combination of credit and asset price variables can serve to predict financial stress, research published by the Bank of Canada finds.
ECB comments push euro to fresh high
The euro surpassed the $1.60 mark for the first time in its history after European Central Bank (ECB) officials said they would act to contain rising inflation.
Three signs of financial vulnerability
New research published by the International Monetary Fund has highlighted three factors which can exacerbate emerging and developing economies' vulnerability to financial crises.
BoE brokers MBS swap to ease tensions
The Bank of England will swap mortgage-backed securities for government bonds in a move which the Bank expects to generate £50 billion ($100 billion) worth of borrowing.
Europe set for slowdown: IMF
The International Monetary Fund (IMF) expects the oft-repeated maxim that "if the US economy sneezes, the rest of the world catches a cold" will hold as far as Europe is concerned.
Italy's likely finance minister knocks FSF plans
Giulio Tremonti, an Italian politician set to become the country's next economy minister, has claimed that the Financial Stability Forum's regulatory response to the subprime crisis is too lax.
RBA oultines changes for payment system
The Reserve Bank of Australia has announced a raft of recommendations for the country's payments systems industry aimed at enhancing competition.
Mexico holds rates at 7.5%
The Bank of Mexico kept its benchmark one-day interbank rate at 7.5% for the sixth-straight month despite expectations that the US slowdown would impact Mexican growth.
Fed's Plosser on the benefits of education
Education is critical to the long-run well-being of our economy and everyone who participates in it, said Charles Plosser, the president of the Philadelphia Federal Reserve.
Bourse trends in Russia and China investigated
Russian stock markets have become more integrated with global exchanges in the past decade than their Chinese counterparts, research published by the Bank of Finland finds.
Turkish inflation to exceed target this year
Turkish inflation is likely to be above the central bank's 4% target in 2008 unless there is a drastic slowdown in agflation.