Central Banking
Russia plays safe with fund investment
Russia's Oil Stabilisation Fund will stick to investing in highly-rated bonds until the fund's restructuring is complete early next year, officials said on Thursday.
Fed makes biggest injection since 9/11
The New York Federal Reserve injected $47.25bn on Thursday, the biggest daily amount since 19 September 2001, but got most of it back as previous repos matured.
Nicaragua's Bolaos gloomy on inflation forecast
Antenor Rosales Bolaos, the president of the Central Bank of Nicaragua, said on Thursday that inflation is set to rise over the next few months because of adverse weather conditions.
Australia in good shape to weather subprime
Warwick McKibbin, a board member of the Reserve Bank of Australia, expects the country's economy to remain buoyant in spite of the recent market turmoil.
Central Bank of Egypt - Annual Report 2005/06
Egyptian GDP growth was up from 4.6% in 2004/05 to 6.9% in 2005/06.
Japanese minutes reveal upbeat forecast
The minutes for the Bank of Japan's monetary policy committee meeting on 10 and 11 October present a positive outlook for the country's economy.
Impact of globalisation on risk sharing small
Financial globalisation does not result in as much risk sharing as theory predicts, research published by the IMF finds.
Italy's Visco pushes for global cooperation
Global cooperation and coordination are the only ways to deal with systemic events that have the potential to wreck the global financial system, says Ignazio Visco, the chief economist at the Bank of Italy.
Abed tips deputy Al-Wazir for PMA governor
George Abed, the former governor of the Palestine Monetary Authority (PMA), told Central Bank News on Wednesday that he expects Jihad al-Wazir, the deputy governor and current acting governor, to succeed him.
US Treasury official voices SWF stability fears
Sovereign wealth funds pose a threat to financial stability, says David McCormick, the under secretary for international affairs at the US Treasury.
Growth slowdown to follow crunch: Japan's Fukui
Toshihiko Fukui, the governor of the Bank of Japan, said he expected global growth to fall to 5% this year as a result of the financial turmoil.
Philippines cuts rates to 15-year low
The Central Bank of the Philippines's rate-setting board voted on Thursday to lower its benchmark key policy rate to 5.5%, the lowest level for 15 years.
Turkey votes for another 50bp cut
The Central Bank of Turkey's rate-setting committee cut the benchmark overnight borrowing rate by half a percentage point to 16.25% on Wednesday.
Central Bank of Ecuador - Annual Report 2005
Ecuadorian growth in 2005 slowed to 4.7% from 7.9% the previous year.
Financial developments in emerging Europe
Emerging Europe needs to ensure factor markets are flexible and financial systems strong to avoid painful economic adjustments, International Monetary Fund (IMF) research finds.
Spain's Ordoez upbeat on eurozone growth
Sound fundamentals and robust global growth should support relatively favourable medium-term economic conditions in the eurozone, says Miguel Fernandez Ordoez, the governor of the Bank of Spain.
Central banks: the gorillas of foreign exchange
Chris Turner, the head of foreign exchange strategy research at ING wholesale banking in London, evaluates the possibility of sterilisation by central banks next year
We're half-way to normal, says UK's King
Presenting the Bank of England's Inflation Report for November, Mervyn King, the governor of the Bank, said that key indicators of stress in financial markets had recovered partly from the levels reached in August and September but that the situation was…
Fed to offer more insight into decision making
The Federal Reserve is to give the public more insight into how the rate-setting Federal Open Market Committee (FOMC) decides on monetary policy.
China's Zhou acts as inflation hits 11-year high
Zhou Xiaochuan, the governor of the People's Bank of China, has responded to a surge in inflation by pledging to curb price rises and excess liquidity.
Estonia dismisses currency claims
The Bank of Estonia on Monday denied rumours that it was set to devalue the kroon, which is pegged to the euro.
Chile holds rates at 5.75%
The Central Bank of Chile's rate-setting board voted on Tuesday to keep its monetary policy interest rate at 5.75% despite CPI inflation of more than 6%.
Basel II will strengthen US markets: Kroszner
Basel II's introduction will enhance financial stability in the United States, says Randall Kroszner, the governor responsible for regulation at the Federal Reserve.
Central Bank of Djibouti - Annual Report 2005
Real GDP rose by 3.2% in Djibouti in 2005, boosted by infrastructure investments.