Central Banking
New Korean government to leave central bank alone
South Korea's incoming government, elected in December, will respect the Bank of Korea's independence, an official said on Wednesday.
Should rate policy note Wall Street's influence?
Reflecting on the Federal Reserve's recent decisions, Stephen Cecchetti, the Rosenberg professor of global finance at the Brandeis International Business School, asks whether it is wise to separate actions to ensure financial stability from those to aid…
Bank of Burundi - Annual Report 2006
Burundi's economy grew by 5.1% in 2006, boosted by the buoyant coffee industry.
Eurozone retail banking data shows convergence
Though cross-border differences in interest-rate levels persist, retail banking markets in the eurozone are becoming more integrated, research published by the Bank of Finland finds.
Fed's Rosengren calls for banks to declare losses
Banks must fully disclose their losses to limit the damage of the subprime fallout, says Eric Rosengren, the president of the Boston Fed.
UK chancellor blames Rock run on regulator
Alistair Darling, the British chancellor of the exchequer, admitted on Tuesday that the Financial Services Authority (FSA) was culpable in the run on Northern Rock, but said he still planned to grant the banking regulator more power.
Israeli central bank set for greater independence
Israel's new central banking law will create a more independent institution, said Stanley Fischer, the governor of the Bank of Israel.
Fed's Plosser stays hawkish on rates
Charles Plosser, the president of the Philadelphia Federal Reserve and a voting member of the rate-setting Federal Open Market Committee (FOMC), hinted that he would back a rate hold when the committee meets later this month.
Bank Indonesia avoids rate cut on price fears
Bank Indonesia's rate-setting board voted to keep rates on hold at 8% on Tuesday after inflation remained way above the central bank's medium-term target in December.
Fukui notes success of Franco-Japanese relations
Japan and France have established a particularly constructive relationship in many economic spheres, says Toshihiko Fukui, the governor of the Bank of Japan.
Bangladesh Bank - Annual Report 2006-2007
The Bangladeshi economy grew by 6.5% from July 2006 to June 2007, boosted by the strong performance of the manufacturing and services industries.
Japan's Iwata praises new communication strategy
The Bank of Japan's new communication policy framework has improved both transparency and flexibility, says Kazumasa Iwata, a deputy governor at the central bank.
Central banks partly to blame for crunch
The creation of excessive global liquidity by key central banks was one of a number of phenomena that led to the current financial crisis, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now an economics professor…
Austrian central bank increases regulatory role
The National Bank of Austria has strengthened its hold on the regulation of the banking industry following the introduction of a new financial market supervision framework.
G10 reassured by impact of joint injections
Central bank governors and finance ministers from the G10 economies were "very satisfied" with the effect of the coordinated action to ease interbank tensions, said Jean-Claude Trichet, the president of the European Central Bank (ECB).
Fed pledges more cash to combat interbank woe
In a bid to further ease money market tensions, the Federal Reserve said on Friday that it will increase the amount of extra funds on offer through its additional open market operations after both of its December auctions were heavily oversubscribed.
Canada names John Murray as deputy
The Bank of Canada has appointed John Murray as a deputy governor.
ECB ready to act as inflation stays high
Jean-Claude Trichet, the president of the European Central Bank (ECB), said on Saturday that the rate-setting governing council was ready to act to control rising prices after figures published Friday showed euro-area inflation stayed at 3.1%.
Romania hikes rates to 8%
The National Bank of Romania's rate-setting board on Monday voted to raise the benchmark monetary policy rate by 50 basis points to 8%.
Fed minutes: dissenters' views
Eric Rosengren and William Poole, two presidents of regional Federal Reserve's and voting members of the Federal Open Market Committee (FOMC), both disagreed with aspects of the central bank's recent decisions regarding monetary policy and open market…
Renminbi's behaviour influences whole region
Since the exchange rate reform in July 2005, fluctuations in the renminbi have impacted the movement of other Asian currencies, research published by the Hong Kong Monetary Authority (HKMA) finds.
Differences are a strength of Fed strategy: Kohn
Recent disparities in speeches by FOMC members on the economic outlook in the United States reflect the pace of change rather than any failure in the Fed's communication strategy, says Donald Kohn, the vice-chairman of the Federal Reserve board.
EU finds flaws in ECB's billion-dollar HQ
The European Union's audit of the eurozone's central bank has found various faults with its plans for the building of its new headquarters.
India's central bank cuts again
The Reserve Bank of India cut rates by a percentage point for the second time in less than a month and eased deposit requirements for commercial banks in a bid to limit the impact of the financial crisis.