Central Banking
Emirates must cooperate on inflation: Al-Suwaidi
Sultan bin Nasser al-Suwaidi, the governor of the Central Bank of the United Arab Emirates, said on Tuesday that officials in all of the emirates had to work on curbing soaring inflation, but warned against tampering with exchange rates.
Thailand holds rates at 3.25%
The Bank of Thailand's monetary policy committee voted on Wednesday to keep rates at 3.25% in spite of rising inflation.
Paper highlights influence of Taylor rule
The rise in influence of the Taylor rule, which shows how monetary policy should adjust to ensure growth and inflation remain near target levels, played an important part in the shift towards a more transparent, more independent era of central banking,…
Reserve Bank of Tonga - Annual Report 2006/07
The Tongan economy contracted during the 2006/07 financial year by 3% to 4%, plagued by substantial economic shocks.
Philippines's Tentangco notes strong performance
The Filipino economy achieved the ideal confluence of high growth and low inflation in 2007, said Amando Tetangco, Jr, the governor of the central bank.
Interbank borrowing reduces bank risk
Long-term interbank exposures result in lower risk for the borrowing banks, research published by the Centre for Economic Policy and Research finds.
GIC and Kuwaiti SWF invest in Citi
Citi, the world's biggest bank, revealed on Tuesday that the Government of Singapore Investment Corporation (GIC) and the Kuwait Investment Authority were part of a group of investors involved in a $12.5 billion capital injection.
Merrill confirms Kuwaiti and Korean involvement
The Kuwait Investment Authority and Korean Investment Corporation became the two latest sovereign wealth funds to capitalise on banks' subprime losses, buying into Merrill Lynch, an investment bank.
Fed and BoE auction results show interbank easing
Tensions in money markets showed further signs of abating on Tuesday after the Federal Reserve and the Bank of England revealed the results of their latest open-market operations.
Greenspan joins Paulson & Co
Alan Greenspan, a former chairman of the Federal Reserve, is set to advise Paulson & Co, a hedge fund which made billions last year from betting against the United States housing market.
Fund manager knocks Bank's role in Rock saga
Philip Richards, the chief executive of RAB Capital, one of two hedge funds that are the biggest shareholders in Northern Rock, the beleaguered mortgage lender, attacked the Bank of England and its governor, Mervyn King, for its handling of the credit…
Central Bank of Montenegro - Annual Report 2006
Montenegro's economy had a successful year in 2006, says Ljubisa Krgovic, the president of its central bank.
Hawkish Hoenig stresses inflation risks
The likelihood of a recession in the United States is smaller than others are suggesting, says Thomas Hoenig, the president of the Kansas City Federal Reserve.
India's Reddy warns on debt risks
India's high consolidated public debt to GDP ratio is a major area of vulnerability, said Y.V. Reddy, the governor of the Reserve Bank of India.
Central banks with dual role face tough choices
Central banks, such as the Federal Reserve, with the dual mandate of maintaining price stability and economic growth, should not give equal weight to their inflation and unemployment goals, a study by the Kansas City Federal Reserve finds.
Kuwait SWF set to make move on Wall Street
The Kuwait Investment Authority, a sovereign wealth fund, may be about to invest billions in Merrill Lynch and Citigroup, two of the biggest casualties of the subprime crisis.
UK opposition party call for more power for Bank
David Cameron and George Osborne, two senior politicians from Britain's main opposition party, the Conservatives, are pressing for the Bank of England to take on more responsibility for financial regulation.
Top European politicians attack SWFs
Nicolas Sarkozy, France's president, on Saturday criticised the hypocrisy of sovereign wealth funds which are keen to buy foreign firms but disallow outside ownership in their own economies. His comments followed those of Charlie McCreevy, an EU…
Saudi must diversify investments, says top bank
The National Commercial Bank, Saudi Arabia's largest state bank, has called on the government to set up a sovereign wealth fund to cut the country's exposure to the greenback. The central bank should also look at de-pegging the riyal from the dollar.
ECB should discuss inflation disparities
The divergence between actual eurozone inflation and that perceived by the public in a number of euro area countries represents a communication challenge for the European Central Bank, says Lucas Papademos, the vice-president.
Stability not gradualism has influenced UK MPC
The relative paucity of rate changes at the Bank of England since the institution became independent in 1997 is down to the increased stability of inflation and output growth, rather than a rise in the degree of gradualism, research published by the Bank…
National Bank of Cambodia - Annual Report 2006
The Cambodian economy expanded by an impressive 10.4% in 2006, buoyed by structural reform aimed at enhancing economic competitiveness and reducing poverty.
China's Liu on problems plaguing property market
Excessively rapid price growth in certain cities, an irrational supply and demand structure and the inability of low income families to afford housing in the domestic real estate market are worrying officials at the People's Bank of China, says Liu Shiyu…
Injections were vital: Deutsche Bank's Ackermann
Central banks' liquidity injections were crucial in averting the collapse of financial institutions, said Josef Ackermann, the chairman of Deutsche Bank.