Central Banking
Basel Committee report on liquidity risks
A new paper from the Basel Committee on Banking Supervision market developments that affect liquidity risk management and discusses national supervisory regimes.
Fiji's Narube criticises high remittances charges
Savenaca Narube, the governor of the Reserve Bank of Fiji, has argued that remittance charges, which in some cases amount to 50% of the amount sent, do not appear to reflect the actual costs involved.
Barker concerned with risks to growth
Kate Barker, a member of the Bank of England's Monetary Policy Committee, has outlined why she is increasingly concerned over downside risks to growth.
Budget deficits matter more in emerging markets
The effects of budget deficits on interest rates are larger and more robust in emerging markets, a new IMF working paper finds.
Turkish governor defends policy framework
Turkey's central bank should keep its policy framework although inflation targets have been missed two years in a row, said Durmus Yilmaz, the governor.
Coin misuse trouble Bank of Korea
Korean ten-won coins have recently found favour as decorative pendants - a development that has the Bank of Korea worried.
Laurels for ECB from Germany's Merkel
The German chancellor, Angela Merkel, has praised the European Central Bank's (ECB) "very outstanding role" in dealing with the world financial crisis.
Indonesian governor questioned
Burhanuddin Abdullah, the governor of Bank Indonesia has been questioned over an alleged corruption case which the country's powerful Corruption Eradication Commission believes involves the central bank.
Garganas highlights credit market uncertainty
Nicholas Garganas, the governor of the Bank of Greece, acknowledged that the economic impact of credit market developments may be larger than expected.
Jordan's government "needs to rein in spending"
Faris Sharaf, the deputy governor of Jordan's central bank, has called on the country's government to rein in spending to reduce inflationary pressure and narrow the current-account deficit.
Bank of England's February minutes
The minutes from the 6 and 7 February meeting of the Monetary Policy Committee show that eight out of the nine members voted to cut the Bank Rate by 25 basis points to 5.25%.
Optimal transparency of monetary policy committees
Revealing the diversity of views in monetary policy committees makes future monetary policy more predictable, a new paper from Germany's central bank finds.
Trichet on structural reforms
Jean-Claude Trichet, the president of the European Central Bank, stressed the importance of labour markets reforms in the European Union.
Jelasi on anniversary of central bank law
Radovan Jelasi, the governor of the National Bank of Serbia, hailed efforts of the founding fathers of the central bank who, he said, "understood the need for the young Serbian state to pursue the most advanced European standards."
Fed's Evans sees pause in rate cuts
Charles Evans, the president of the Chicago Federal Reserve Bank, said that the recent interest rate reductions taken by the Fed should be sufficient to help promote moderate growth over time and mitigate the risks to economic activity.
Wealth effects in Italian consumption
A recent European Central Bank working paper found that homeowners' consumption in Italy reacts statistically and economically significantly to realised housing wealth gains.
Mixed results for inflation targeting
A study by the Bank of Canada finds that the ability of inflation-targeting central banks to hit their targets varies considerably. The study, published in the Bank of Canada's Winter Review, looked at 21 countries over the period 1990 to 2007.
Zambia's Fundanga on regional developments
Caleb M Fundanga, the governor of the Bank of Zambia, said the country's strong macroeconomic performance should spur growth in the region.
Australia considered bigger rise
Minutes from the February board meeting of the Reserve Bank of Australia show that the central bank considered raising its cash target by a bigger margin than the quarter percentage point rise announced on 5 February.
Carney point finger at China in first speech
Mark Carney, in his first speech as governor of the Bank of Canada, said that China is partly responsible for the subprime disaster that has dragged North America into a slump and disturbed financial markets around the world.
EU rules may scupper Northern Rock plan
A European Commission official said that if the British government continues to provide support for Northern Rock beyond 17 March, which under the plans for the nationalisation of the bank announced this week seems inevitable, it will have to prove that…
Australia to screen sovereign wealth funds
Australia has issued a set of screening criteria to be used by the country's regulators in determining whether to allow investment made by sovereign wealth funds.
China's inflation rises steeply
China's inflation rose at the quickest rate for over 11 years after the worst blizzard in half a century disrupted the country's food supplies, paralysing transport and destroying crops.
Northern Rock to be nationalised
Alistair Darling, the British chancellor of the exchequer, has announced that Northern Rock will be put into public ownership - the first nationalisation of a sizeable British bank for 25 years.