Central Banking
Polish legality issue reveals law's flaws
Krzysztof Rybiski, a former deputy president of the National Bank of Poland, has said the arguments over the legality of organisational changes proposed by Slawomir Skrzypek show "serious flaws" in the design of the country's central bank act.
Sri Lankan inflation set to fall - Cabraal
Inflation in the Sri Lankan economy is set to moderate in the second half of this year, Nivard Cabraal, the governor of the central bank said.
Compliance key for subprime solution
The Federal Reserve's planned rule to aid subprime homeowners must be effectively enforced if it is to be successful, said Randall Kroszner, the governor of the Federal Reserve responsible for supervision.
Securitisation trend impacted borrowing standards
A greater ability to securitise mortgages appears to have affected lenders' behaviour, a paper published by the Centre for Economic Policy Research finds.
Repo growth a good indicator of liquidity
The growth rate of repurchase agreements may be a useful measure of liquidity in a market-based financial system, research published by the New York Federal Reserve finds.
Banks made biggest contribution to Chinese growth
Banks have had a greater impact on Chinese growth than other financial institutions, research published by the Bank of Finland finds.
Romania raises rates by 100 basis points
The National Bank of Romania surprised markets on Monday by raising its benchmark rate a full percentage point to 9%.
Skrzypek plans may damage credibility: Polish MPC
The National Bank of Poland's rate-setting council has said that organisational changes proposed by Slawomir Skrzypek, the president of the central bank, should be dropped while doubts remain over their legality.
Russia raises rates, ups reserve ratio
The Central Bank of Russia has hiked rates and its reserve ratio requirements in a bid to curb inflation.
EU will avoid downturn: Juncker
Europe will not follow the United States into recession said Jean-Claude Juncker, Luxembourg's prime minister and finance minister, on Monday.
Japan's Nukaga scuppers sovereign fund plans
Fukushiro Nukaga, Japan's finance minister, said last Friday that the government was unlikely to set up a sovereign wealth fund because of the risks associated with such a move.
Canadian exchange rate key to monetary policy
The exchange rate of the loonie is a key element of the Bank of Canada's monetary policy framework, said Paul Jenkins, the senior deputy governor at the central bank.
Bank of Ghana - Annual Report 2006
Monetary policy continued to focus on achieving single digit inflation in 2006 following a rise in global oil costs and a full de-regulation of petroleum prices in the domestic market.
Canada's inflation success down to more than luck
The price level in Canada has strayed little from the path implied by the 2% inflation target because expectations and interest rates are determined in a way that is consistent with price-level-path targeting, research published by the international…
Six lessons from the recent turbulence
Hermann Remsperger, a member of the executive board at the Bundesbank, outlined the lessons that have emerged so far from the turmoil that has plagued financial markets since August.
Eurozone inflation hits record high
Eurozone inflation has climbed to its highest level since the European Central Bank was founded in 1999, an early estimate shows.
Fed to add another $60 billion in February
The Federal Reserve said on Friday that it will inject an extra $60 billion into the money markets through two term-auction facility operations.
Philippines lowers rates to 5%
The Central Bank of the Philippines's rate-setting monetary board on Thursday cut its key policy rate by a quarter-point to 5%.
Irish economy to weaken in 2008
The Central Bank & Financial Services Authority of Ireland on Friday said that the pace of growth was set to fall this year as a result of both international and domestic factors.
Qvigstad appointed deputy at Norway central bank
Jan Qvigstad, the head of monetary policy at the Bank of Norway, will succeed Jarle Bergo as deputy governor.
Fed faces uncertain times and difficult decisions
Stephen Cecchetti, the Rosenberg professor of global finance at the Brandeis International Business School, discusses why the outlook for the United States economy is so hard to call and if the Federal Reserve was right to cut rates.
Joint rate moves have little benefit
The gains from monetary policy coordination in the United States and the eurozone are small, research published by the European Central Bank finds.
Paper notes factors in EU inflation
Cross-country differences in inflation affecting all EU member states depend on gaps in the initial price level, changes in the nominal effective exchange rate, the quality of institutions and the economy's flexibility, research published by the…
Bank of Lebanon - Annual Report 2005/06
Lebanon's balance of payments recorded a positive result for the fourth consecutive year in 2005.