Central Banking
National Bank of Serbia - Annual Report 2006
Core inflation fell below the National Bank of Serbia's 7% to 9% target range in 2006 to just 5.9%.
UK moves to encourage SWF investment
The British authorities on Tuesday launched a charm offensive in a bid to coax sovereign wealth funds to invest in UK business.
Australia holds rates at 6.75%
The Reserve Bank of Australia's rate-setting board voted on Wednesday to leave its benchmark cash rate at 6.75%, an 11-year high.
Nigeria combats inflation with 50bp hike
The Central Bank of Nigeria's rate-setting board voted on Tuesday to raise rates by half a percentage point to 9.5% in a bid to fight inflation.
Interest rates set to climb in China in 2008
The People's Bank of China said on Wednesday that it would step up its fight against inflation by implementing tighter monetary policy controls and utilising other monetary tools in 2008.
Thailand holds rates despite rising inflation
The Bank of Thailand's rate-setting board voted on Tuesday to keep its benchmark one-day repurchase rate at 3.25% in spite of signs that inflation is beginning to accelerate.
Economic outlook is worsening: Fed's Yellen
The United States economic growth outlook has weakened further since the Federal Reserve said that the risks to inflation and growth were balanced in late October, says Janet Yellen, the president of the San Francisco Federal Reserve.
New thinking on large current-account deficits
Governments should not necessarily intervene to reduce the large current-account deficits of the United States and many of the euro area economies, research published by the International Monetary Fund finds.
Bank of Korea - Annual Report 2006
Korean growth edged up to 5% in 2006, from 4.2% the previous year.
Domestic pressures behind Australian rate rise
Members of the Reserve Bank of Australia's rate-setting board voted to hike rates last month on domestic economic grounds, minutes of the 6 November meeting reveal.
Canada surprises markets with quarter-point cut
The Bank of Canada's rate-setting board voted unexpectedly on Tuesday to cut its benchmark overnight rate by 25 basis points to 4.25%.
We were transparent enough, say bankers
Investors were given all the information they required on structured products, a group of senior figures at top investment and commercial banks told UK lawmakers on Tuesday.
UK regulator warns on worsening liquidity risk
Mortgage lenders must protect themselves against the "very real prospect" that liquidity conditions will worsen in 2008, Clive Briault, the retail managing director at the Financial Services Authority (FSA), Britain's banking regulator, said on Tuesday.
De Gregorio set to become Chilean governor
Jose de Gregorio, the deputy governor of the Central Bank of Chile will take over from Vittorio Corbio as governor of the central bank later this week, Michelle Bachelet, Chile's president, announced on Monday.
New Zealand to webcast monetary policy statements
The Reserve Bank of New Zealand is set to webcast the news conference that will follow this Thursday's rate decision.
CEPR proposes solution for fiscal dilemma
Game theory and inflation targeting could provide the best solution to the problem of fiscal policy impacting monetary policy, a paper published by the Centre for Economic Policy Research (CEPR) finds.
Banks cannot shun subprime borrowers: Rosengren
Eric Rosengren, the president of the Boston Federal Reserve, stressed on Monday the importance of continued availability of loans to subprime borrowers.
Bulgarian National Bank - Annual Report 2006
The Bulgarian economy performed well in 2006, growing by 6.1%.
Norges Bank - Financial Stability Report 2/2007
The Norwegian economy is expected to remain stable even though the turmoil in the money and credit markets will continue to hamper banks, the Bank of Norway's latest financial stability report says.
Central banks failing to calm interbank markets
Interbank borrowing costs in the sterling, euro and dollar money markets shot up on Monday in spite of attempts by central bankers last week to alleviate end-of-year jitters.
Injections pose no moral hazard risk: ECB member
In spite of the Bank of England's claims to the contrary, moral hazard should not be an issue in deciding whether or not to inject extra funds into the money markets, a member of the European Central Bank's (ECB) executive board said on Monday.
Chavez defeat allows central bank some freedom
The Central Bank of Venezuela will not face further limits on its autonomy for now after Hugo Chavez, Venezuela's president, was narrowly defeated in a referendum on constitutional change.
Trichet pushes for regulatory convergence
Progress towards more consistent EU banking rules and cross-border information sharing is absolutely critical, Jean-Claude Trichet, the president of the European Central Bank, said on Monday.
Kazakhstan raises rates by 200 basis points
The National Bank of Kazakhstan's rate-setting board voted on Friday to hike its benchmark official refinancing rate by two percentage points to 11%.