Central Banking
RBI deputy on financial sector consolidation
An increasing number of India's private sector banks are now deciding to merge with one another, Shri Leedladhar, a deputy governor at the Reserve Bank of India, noted.
Fed's Kohn calls for tighter regulation
A relaxation in banking supervision has contributed to the current turmoil by altering the nature of risk, Donald Kohn, the vice-chairman of the Federal Reserve, said in a call to strengthen rules for investment banks.
Turkey holds rates, signals tightening
The Central Bank of Turkey held rates for the second-straight month on Thursday but indicated that it was more likely to raise, than reduce, borrowing costs in May.
Buba's Weber paves way for rate hike
Axel Weber, the president of the Bundesbank, has said that the European Central Bank (ECB) must "act with determination" if the recent rise in inflation begins to impact wage settlements.
Fed dissenter warns against "inflation remedy"
Richard Fisher, the president of the Dallas Federal Reserve and a voting member of the Federal Open Market Committee (FOMC), has said that he remains strongly reluctant to cut rates.
Stop the press: ex-CNB deputy joins Czech weekly
Ludek Niedermayer, a former deputy governor at the Czech National Bank, is to work with Respekt, a weekly newspaper.
ECB Monthly Bulletin - April 2008
The latest edition of the European Central Bank's Monthly Bulletin argues that recent movements in bond markets that appear to indicate a pick up in euro-area inflation expectations, are misleading.
Chief economist underlines BoE's "tricky" task
The juxtaposition of the recent shocks to both inflation and growth makes the task of the Bank of England's Monetary Policy Committee particularly tricky, Charlie Bean, the Bank's chief economist, noted.
Bank of Finland - Annual Report 2007
The Bank of Finland proposed a merger of the finance and insurance sectors' regulatory authorities in 2007.
Dallas Federal Reserve - Annual Report 2007
Turning away from globalisation's call risks squandering a golden opportunity, writes Richard Fisher, the president of the Dallas Federal Reserve, in his opening letter at the start of the institution's 2007 annual report.
RBI hikes reserve ratio on back of price fears
The Reserve Bank of India has taken emergency steps to tackle burgeoning inflation just 12 days before its scheduled monetary policy meeting.
Canadian inflation falls for fourth straight month
Core inflation in Canada slumped to 1.4% in the 12 months to March, heightening expectations of a rate cut next week.
Brazil exceeds expectations with half-point hike
The Central Bank of Brazil raised rates by half a point on Wednesday to 11.75%, a move which surprised most analysts.
China raises reserve ratio
The People's Bank of China made a fresh bid to slow the country's overheating economy on Thursday, raising its reserve requirement ratio for the third time this year.
BoE names former economist as communications head
Jenny Scott, a BBC journalist and former Bank of England economist, is to become the Bank's director of communications in June.
Latest Beige Book makes grim reading
The April edition of the Federal Reserve's Beige Book, a summation of economic conditions in the US based on reports from the 12 regional Feds, signals that events in the financial markets are beginning to have a marked impact on the real economy.
Trichet on the euro's success
A high level of central bank credibility has ensured that the creation of the euro has been a success story, Jean-Claude Trichet, the president of the European Central Bank (ECB), said.
India's Reddy on the global economy
The Reserve Bank of India is optimistic that the country's mutually beneficial relationship with the global economy will continue, Y.V. Reddy, the governor of the central bank, said.
Russian state banks perform better than rivals
Domestic private banks are less efficient than their public-sector counterparts, research published by the Bank of Finland finds.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Basel Committee announces reform plans
The Basel Committee on Banking Supervision is set to revise elements of its Basel II framework as part of a raft of measures aimed at enhancing stability in the wake of the subprime turmoil.
Indian inflation "unacceptably high": Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, has said that the institution is ready to act on inflation, which hit a fresh three-year high at the end of March.
Former NY Fed chief to author report on crunch
Gerry Corrigan, a former head of the New York Federal Reserve now a managing director at Goldman Sachs, an investment bank, is to lead a study on the current turmoil.
Zoellick urges action on rise in food costs
Robert Zoellick, the president of the World Bank, has called on governments to act on surging food prices now.