Central Banking
Korea holds rates at 5%
The Bank of Korea's Monetary Policy Committee decided on Thursday to keep its call rate target at 5%.
Ghana's new banking system up-and-running
The Bank of Ghana has gone live with a new banking system that will integrate all of the central bank's core operations.
Central Bank of Kenya - Annual Report 2007
Kenya's economy grew by 6.1% in 2006, and this strong performance was sustained in the first half of 2007.
Globalisation loosens banks' grip on inflation
Globalisation not only reduces domestic pressures on inflation but also reduces central banks' ability to control the pace of inflation, argues a research paper published by the International Monetary Fund (IMF).
West African consolidation boosts debt markets
The creation of the Central Bank of West African States has encouraged high-volume cross-border trading in local currency debt markets within the West African Economic and Monetary Union, IMF research finds
Small business success vital for US: Mishkin
The health of the United States economy is partly reliant on small businesses still having access to credit on competitive terms, according to Frederic Mishkin, a governor at the Federal Reserve.
ECB holds rates at 4%
The European Central Bank's (ECB) rate-setting board voted on Thursday to keep rates at 4%, the fifth rate hold in a row.
Bernanke gives gloomy forecast for US growth
Ben Bernanke, the chairman of the Federal Reserve, said on Thursday that the United States economy would slump in the coming months.
Bank of England holds rates at 5.75%
The Bank of England's rate-setting board voted on Thursday to keep its benchmark bank rate at 5.75%.
ECB rolls over €60 billion-worth of injections
The European Central Bank decided on Thursday to renew the two supplementary longer-term refinancing operations allotted on 23 August and 12 September.
City wants to keep King
City of London bankers and economists have said they want Mervyn King, the beleaguered governor of the Bank of England, to serve a second term.
Sorry mess for Howard over Aussie rate comments
John Howard, the prime minister of Australia, scrambled to clarify what appeared to be an apology for the central bank's decision to hike rates to 6.75%, the first-ever rise during an election campaign.
Central Bank of Cyprus - Annual Report 2006
In 2006, the Central Bank of Cyprus intensified its preparatory work for the adoption of the euro, which will become the country's currency on 1 January 2008.
Italian consumption must recover, says Draghi
Stronger consumer spending is needed for the Italian economy to grow and to stabilise, according to Mario Draghi, the governor of the Bank of Italy.
We can escape capital flight loop: Kenya's Ndung'u
Sub-Saharan African countries can escape the "infinite loop" of external indebtedness, corruption and capital flight, according to Njuguna Ndung'u, the governor of the Central Bank of Kenya.
Commodity prices warrant close attention: Japan
Central banks need to analyse data on commodity markets in order to more fully understand movements in global financial markets, according to research published by the Bank of Japan.
The only way is down
Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, predicts the dollar will drop to $1.70 against the euro and $2.20 against sterling before central banks intervene.
Australia opts for rate rise
The Reserve Bank of Australia's rate-setting board voted on Wednesday to hike rates by 25 basis points to 6.75%, an 11-year high.
Dollar hits new low on back of Chinese comments
Sterling and the euro reached record highs against the dollar on Wednesday after a senior Chinese official said the government should diversify its foreign exchange reserves by swapping dollars for stronger currencies.
Strengthen dollar or face "economic war": Sarkozy
Nicolas Sarkozy, France's president, has told American politicians that the dollar must appreciate in order to avoid an "economic war" between the United States and the eurozone.
Time will prove Fed right, says Lacker
History will judge the Federal Reserve's decision to cut its discount rate by 50 basis points favourably, according to Jeffrey Lacker, the president of the Richmond Fed.
New Zealand economy stable despite turmoil
New Zealand's financial system remains sound in spite of the recent global banking crisis, the Reserve Bank of New Zealand said on Wednesday.
National Bank of Belarus - Annual Report 2006
The National Bank of Belarus achieved all of its objectives in 2006, with both inflation and the exchange rate kept in check.
Global interdependence requires caution: Mboweni
The interdependence of the global financial system could mean that financial instability affects countries that are not directly involved in the actions that have led to the volatility, according to Tito Mboweni, the governor of the South African Reserve…