Central Banking
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.
UK chancellor outlines regulatory changes
In a bid to prevent another Northern Rock, Alistair Darling, Britain's chancellor of the exchequer, has pledged to make the government ultimately responsible for actions to counter banking crises.
Gono explains decision to renege on note change
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has blamed the weather for backtracking on plans to take the Z$200,000 ($6.67) note out of circulation.
Al-Wazir starts as Palestine governor
Jihad Al-Wazir began his term as governor of the Palestine Monetary Authority on Tuesday after Mahmoud Abbas, Palestine's president, approved the appointment on Sunday.
Euro makes rapid progress in Cyprus and Malta
Euro banknotes already account for 50% of the total in circulation in both Malta and Cyprus, the two Mediterranean islands that adopted the single currency on Tuesday.
Finland's new board member to head research group
Seppo Honkapohja, the latest addition to the Bank of Finland's board, is taking charge of the central bank's research activities.
Northern Rock shows fallibility of communication
The run on Northern Rock, a British mortgage lender, illustrates the potential downside of central bank communication around stability issues, says Gary Stern, the president of the Minneapolis Federal Reserve.
Global slowdown may hamper US deficit financing
It may be harder to continue financing United States current-account deficits on such favourable terms if the recent wave of financial globalisation were to subside, research published by the New York Federal Reserve finds.
Maldives Monetary Authority - Annual Report 2006
The Maldivian economy bounced back in 2006 after a poor 2005 following the tsunami at the end of the previous year.
Research shows dollarisation and rates link
Since the adoption of inflation targeting and a floating exchange rate in 1999, real interest rates in Brazil have fallen as levels of dollarisation in the economy have dropped, research published by the International Monetary Fund finds.
Fed minutes reveal clear shift in outlook
The minutes of the December meeting of the Federal Open Market Committee (FOMC), published on Wednesday, reveal a more dovish Federal Reserve than was suggested at the time.
BoE credit survey shows crunch impacting lending
The Bank of England's credit conditions survey, published on Thursday, signalled a marked decline in lending to households and businesses towards the end of 2007.
China names two central bank vice governors
The People's Bank of China announced the appointment of two vice governors on Thursday, Yi Gang and Ma Delun.
Venezuelan inflation shoots up to 22.5%
The Central Bank of Venezuela said on Wednesday that inflation in the metropolitan area of Caracas, the country's capital, hit 22.5% in 2007, the highest official rate in Latin America.
ECB could hike rates, says Orphanides
The European Central Bank's rate-setting governing council will not rule out raising interest rates, Athanasios Orphanides, a member of the council and governor of the Central Bank of Cyprus, said on Thursday.
SWFs investment in banks: an alarming trend?
In the wake of the credit crunch banks' capital cushions have deflated dangerously. And, in response, some have turned to one group of investors untouched by subprime credit or by mark-to-market reporting requirements: sovereign wealth funds (SWFs)…
Central Bank of Kuwait - Annual Report 2006-2007
In a bid to combat rising inflation, the Central Bank of Kuwait raised the exchange rate of the Kuwaiti dinar against the greenback from 292 fils to 289 fils per dollar.
Pacific Island SWFs hampered by mismanagement
Little integration with budgets, institutional weaknesses and inadequate controls have hindered the performance of sovereign wealth funds run by the authorities in Pacific Island countries, research published by the International Monetary Fund finds.
Banks have vital role in Mauritian economy
The success of the banking industry is critical for the economic development of Mauritius, says Rundheersing Bheenick, the governor of the Bank of Mauritius.
Kuwaiti SWF could be next to invest on Wall Street
Bader Al-Sa'ad, the head of Kuwait Investment Authority, the state's sovereign wealth fund, indicated that his could be the next fund to inject funds into a finance industry clawing for capital in the aftermath of the subprime crisis.
Venezuela lops zeros off bolivar to curb inflation
Venezuela revamped the bolivar on Tuesday by slashing three zeros from the currency in a bid to dampen rampant inflation, which hit 20.7% in the 12 months to November.