Central Banking
De Rato's final speech presents gloomy outlook
Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, said on Monday that the recent banking crisis has exposed weaknesses and will hamper growth in the coming years.
China fights back over G7 currency criticisms
Wu Xiaoling, the deputy governor of the People's Bank of China, said the country's current policy on the appreciation of the renminbi was a responsible one despite claims to the contrary by the world's leading finance ministers.
Superfund will hamper pricing, Greenspan warns
Alan Greenspan, the former chairman of the Federal Reserve, has said that the $75 billion mortgage securities superfund, backed by Citigroup, JP Morgan Chase and Bank of America, could do more harm than good.
IMF and World Bank issue joint action plan
The International Monetary Fund and the World Bank said on Friday that they are to launch a joint action management plan.
Strong dollar message "very important": Trichet
Jean-Claude Trichet, the president of the European Central Bank, said it was "very important" that the US underlined its message that a strong dollar was in the US national interest.
EMU leads to bond-market convergence
Economic and monetary union in Europe has led to substantial convergence in euro-area sovereign bond markets, according to research published by the San Francisco Federal Reserve.
Central Bank of Sao Tome - Annual Report 2005
Sao Tome's economy grew by 3.8% in 2005, the same amount as in 2004.
Headline or core? It's not either-or says Mishkin
Both core and headline measures of inflation have an important role in monetary policy decisions, said Frederic Mishkin, a member of the board of governors at the Federal Reserve.
Jamaica's Latibeaudiere calls for sole regulator
A single supervisory authority would be a more effective way of ensuring financial stability, Derek Latibeaudiere, the governor of the Bank of Jamaica, said.
Politics force Sierra Leonean governor out
Samura Kamara, an International Monetary Fund executive and a former finance ministry official, has replaced James Rogers as the governor of the Bank of Sierra Leone, a public relations officer told Central Bank News on Friday.
Greenback now worth a million Zimbabwean dollars
A single US dollar is now said to be worth 1 million of its Zimbabwean counterparts on the black market.
Chinese inflation eases from 11-year high
Chinese inflation fell slightly in September to 6.2%, after hitting an 11-year high of 6.5% in August.
Northern Rock's BoE debt rises to £16 billion
Northern Rock has borrowed a further £3 billion ($6.1 billion) from the Bank of England this week, the Bank's balance sheet reveals.
Japan's Muto reiterates commitment to tightening
The Bank of Japan will raise rates as the economy improves and inflation picks up Toshiro Muto, a deputy governor at the Bank of Japan said on Friday.
Bank of Mexico - Annual Report 2006
The Mexican economy grew by 4.8% in 2006, its highest rate of expansion since 2000.
Japan will weather banking crisis, says Mizuno
There is little chance of the recent banking crisis adversely affecting the Japanese economy according to Atsushi Mizuno, the most hawkish member of the central bank's current rate-setting board.
Canadian growth exceeds expectations
The Canadian economy has performed better than expected, according to the latest edition of the Bank of Canada's monetary policy report, published on Thursday.
Share options spur CEOs to take more risks
Granting employee stock options motivates CEOs of banking firms to undertake riskier projects, research published by the New York Fed has found.
Brazil holds rates at record low
The Central Bank of Brazil decided to keep its benchmark Selic rate at 11.25% today as growth and inflation accelerated. It is the first time in 18 meetings that the central bank has voted against a rate cut.
Fed speculation prompts new dollar-euro low
The dollar fell to a record $1.432 against the euro on Thursday as poor macroeconomic data and results from one of the US's biggest banks prompted futures traders to speculate that the Federal Reserve will cut rates.
Principles-based rules to stay, says UK regulator
Hector Sants, the chief executive of the Financial Services Authority (FSA), said that the regulator remained committed to its principles-based approach.
India's Reddy on factors set to hamper growth
Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.
Howard calls on RBA to focus on growth
John Howard, the Australian prime minister preparing for an election in November, put pressure on the Reserve Bank of Australia to maintain economic growth.
Reserve Bank of Malawi - Annual Report 2006
Malawian growth picked up in 2006, after a poor economic performance in 2005.