Central Banking
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.
Term Auction Facility has done little to help
The Term Auction Facility operation, introduced in December to temper money-market tensions, has failed to narrow interbank spreads, a research paper co-authored by John Taylor, the creator of the influential Taylor rule on monetary policy, finds.
FOMC publishes 2002 transcripts
Want to know everything that was said at the Federal Open Market Committee's meetings in 2002?
Crisis underlines importance of liquidity
The current credit crunch has shown how essential liquidity is to both markets and institutions, Glenn Stevens, the governor of the Reserve Bank of Australia, noted.
Turmoil hampering SWF: Norway's Gjedrem
Heightened uncertainty concerning the financial system and global growth prospects are impacting the Government Pension Fund, Norway's sovereign wealth fund, Svein Gjedrem, the governor of the country's central bank, acknowledged.
SWF to manage India's FX reserves?
Part of India's foreign exchange reserves, owned by the central bank, could be better managed by a sovereign wealth fund, Y.V Reddy, the governor of the Reserve Bank of India, said on Monday.
Little demand for BoE cash
Bids for £15 billion-worth ($29.4 billion) of three-month loans from the Bank of England only just exceeded the amount on offer in spite of strong tensions in sterling interbank markets.
Carney comments indicate Canadian rates to fall
Expectations of further rate cuts in Canada rose on the back of comments made by Mark Carney, the governor of the central bank.
China's Zhou hints at further hikes
Zhou Xiaochuan, the head of the People's Bank of China, signalled that the central bank was set to make its seventh successive rate hike.
Fiji central bank doubles profit
The Reserve Bank of Fiji made a profit of over F$20m ($13.4m) last year, almost double the amount made in 2006.
Private sector must revive its central role
US credit markets will only begin to recover once the private sector reclaims its role in providing liquidity from the Federal Reserve, Kevin Warsh, a governor at the central bank, predicted.
Australia hints at cuts later in 2008
Though the Reserve Bank of Australia opted to leave rates at a 12-year high of 7.25% last month, minutes published on Tuesday signalled that it could make cuts later this year.
EU open to sovereign wealth funds
Europe is, and wants to remain, open to sovereign wealth fund investments, said David Wright, a deputy director general, DG internal markets and services, at the European Commission.
Israel Economic Review - April 2008 edition
The Bank of Israel has published the latest edition of its Israel Economic Review, a twice-yearly journal covering a range of subjects relevant to the country's economy.
Central Bank of Sri Lanka - Annual Report 2007
Sri Lanka's economy grew by 6.8% in 2007, spurred by a buoyant manufacturing sector.
G7 backs FSF recommendations
Central bank governors and finance ministers from seven of the world's leading economies have welcomed the Financial Stability Forum's (FSF) regulatory response to the credit crunch and are set to implement several of its recommendations by the end of…
Kenya calls on bankers to disclose loan costs
The Central Bank of Kenya is to ask banks to provide a greater deal of clarity on borrowing costs.
Israel puts plastic notes into circulation
The Bank of Israel on Sunday introduced its first polymer banknote.