Central Banking
China raises reserve ratio full percentage point
The People's Bank of China upped its reserve requirement ratio by 100 basis points for the first time this year in a fresh bid to cool its overheating economy.
Investment banks must face same rules: Geithner
Timothy Geithner, the president of the New York Federal Reserve who played a key role in the Bear Stearns bailout, has said the major investment banks must be regulated in the same way as their commercial peers.
Russia raises rates unexpectedly
The Central Bank of Russia lifted its key refinancing rate by a quarter point to 10.75% for the third time this year on Monday.
UK PPI hits fresh high, Bank may look to hike
Chances that the Bank of England's next rate change will be a rise rather than a cut rose on Monday after government data revealed a surge in factory-gate inflation.
Brazil may fast-track SWF law
Brazil's finance minister on Monday said that the country will set up a sovereign wealth fund in spite of recent reports that the country's president may reject the plans.
Turmoil caused by lethal cocktail: Buba's Weber
Axel Weber, the president of the Bundesbank, blamed the credit crunch on a cocktail of events.
Korea's Lee on uncertainty
Seongtae Lee, the governor of the Bank of Korea, highlighted the vast contrast in views on how best to handle uncertainty.
CNB's Tuma suggests approaches to euro adoption
Zdenek Tuma, the governor of the Czech National Bank, has outlined two possible strategies for euro adoption.
Economy more resilient: Japan's Shirakawa
Japan's economy is likely to grow at a slower pace for the time being, but it is more resilient now than in the past, Masaaki Shirakawa, the governor of the country's central bank, told lawmakers.
Fed faces quandary after jobless rate surges
The Federal Open Market Committee (FOMC) may have to make another rate cut later this month after unemployment shot up at its fastest rate for 22 years.
City bankers set for stability role
A team of City of London bankers could support the Bank of England's efforts to foster financial stability, Alistair Darling, the chancellor, said Thursday.
Moral hazard talk reveals Fed divide
Comments from regional Federal Reserve presidents have underlined a Federal Open Market Committee (FOMC) split over the central bank's support of Wall Street, particularly its bailout of Bear Stearns.
Crunch set to have radical shift on reserve trends
Central bankers are acknowledging that the credit crunch is set to have a major impact on their reserve management policies.
Central bank action could lead to inflation
Thomas Jordan, a member of the Swiss National Bank's governing board, has warned that central banks' response to the credit crunch could precipitate inflation.
India's Reddy: food demand to stay high
Y.V. Reddy, the governor of the Reserve Bank of India, believes demand for agricultural products will remain high for the next two to three decades.
Japan reviews communications on uncertainty
The Bank of Japan has produced research analysing the communication efforts of six central banks and the International Monetary Fund (IMF) on the economic outlook.
Chinese monetary policy impacts region
The People's Bank of China's rate moves impact economic growth and inflation in a number of east Asian economies, research published by the Bank of Finland finds.
Fiji's Narube on fostering SME growth
For Fiji's small- and medium-sized enterprises to succeed, they needed to have vision, commitment and resources, Savenaca Narube, the governor of the Reserve Bank of Fiji, said.
Trichet steps up inflation rhetoric, hints at hike
Jean-Claude Trichet, the president of the European Central Bank, indicated that the institution's governing council could raise rates as soon as next month despite continuing turmoil in financial markets.
Ikeo gets the nod as Japanese opposition folds
Kazuhito Ikeo, an economics professor, will join the Bank of Japan's Monetary Policy Council after the country's main opposition party decided to revoke its earlier rejection of his nomination.
Chinese fund to invest $7.4bn in private equity
A Chinese sovereign fund could invest as much as $7.4 billion in the private equity industry.
Bank holds rates as expected
The Bank of England left its key rate at 5% for the second straight month on Tuesday.
Nobel laureate foresees dollar crisis
The value of the greenback could collapse within the next five years without reform of the global monetary system, Robert Mundell, a Nobel Prize-winning economist, has said.
Present doesn't mirror 1970s: Bernanke
The differences between the US economic landscape of the mid-1970s and the present are more pronounced than the similarities, Ben Bernanke, the chairman of the Federal Reserve, said.