Central Banking
Maintaining growth motivated cut - Fed's Kohn
A 50 basis point cut was necessary to keep the economy on a sustainable growth pace, said Donald Kohn, the vice chairman of the Federal Reserve.
Liquidity, liquidity, liquidity
David Longworth, a deputy governor at the Bank of Canada, discussed three concepts of liquidity in a speech given in Toronto on Wednesday.
BCAEO - Annual Report 2006
Governors from members of the BCAEO alliance were very much involved in shaping the agenda of the March 2006 meeting of the Association of African Central Banks, which was held at the head office of the BCAEO in Dakar, Senegal.
US asks if it is losing its productivity advantage
Strong labour productivity growth in China and India may force some US firms out of business, but will also benefit the world's largest economy.
Banks should lead in growth effort: Zambia CB head
Caleb Fundanga, the governor of the Reserve Bank of Zambia, urged the country's banking industry to invest more in order to spur economic growth and reduce poverty.
ECB holds rates, but "stands ready" for rise
The European Central Bank (ECB) on Thursday decided to hold its benchmark rate at 4%.
Old Lady holds rates, relaxes reserve rules
The Bank of England's monetary policy committee on Thursday said it would keep its benchmark rate at 5.75%.
Fed to stay short of two governors
Senate Banking Committee chairman Chris Dodd has no plans to move three pending nominations to the Federal Reserve Board through his committee and onto the Senate floor, he said on 3 October.
Barbados to give more power to central bank
The Central Bank of Barbados could be granted more independence if the country's parliament agrees to pass its latest Central Bank act. The island's authorities will also open a financial services regulator within months.
Nigeria hikes rates
The Central Bank of Nigeria said on Thursday it would raise its benchmark monetary policy rate by a full percentage point to 9%.
US needs global payments standards, says industry
Should the US adopt international standards in its domestic payment systems? Surprisingly, "yes" was the overwhelming answer at a packed Sibos, Nick Carver, editor of SPEED, writes from Boston.
Ex-BoE supervision head criticises FSA
According to Peter Cooke, a former head of banking supervision at the Bank of England, the Northern Rock crisis revealed the need for a proper "mechanism for crisis management", a greater official focus on liquidity rather than solvency and more…
CSDs sceptical of ECB's settlement plans
Clearstream and Euroclear, Europe's two largest central securities depositories, were sceptical that the European Central Bank's (ECB) plans to build a single settlement platform will deliver the benefits the central bankers promise, Central Bank News…
Bernanke schedule reveals markets' influence
Details of the diary of Ben Bernanke, the chairman of the Federal Reserve, show the extent to which Wall Street executives, along with money managers and cabinet officials, played a role in his policy about-turn on 17 August.
No job losses under Bank of Italy branch closure
The Bank of Italy has reassured its employees that it will be making no redundancies, despite closing more than a third of its branches.
Gono blames business for "traumatic" conditions
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, hit back at claims that the publication of the central bank's mid-year report was delayed because of the woeful state of the country's economy.
Central Bank of Nicaragua - Annual Report 2006
Nicaragua's economy grew by 3.7% in 2006, despite the poor performance of the agriculture industry. Unemployment fell slightly from 5.6% in November 2005 to 5.2% a year later.
Ageing populations will impact CB policy: Trichet
The real interest rate expected to clear the capital markets in developed economies is likely to decline over the coming decades because of population ageing.
HK market structure has little impact on profit
Cost efficiency is significantly more important than market structure in determining the profitability of banks in Hong Kong, according to research published by the Hong Kong Monetary Authority (HKMA).
Banks struggle with SEPA set-up
More than half of banks will not be able to comply with the Single Euro Payments Area (SEPA) initiative, which comes into effect in January.
Strauss-Kahn appeases emerging states with votes
Dominique Strauss-Kahn, who will become the tenth managing director of the International Monetary Fund (IMF) in November, plans to give developing countries more power at the Fund.
Czech CB appoints financial stability deputy
Jan Frait has joined the Czech National Bank as deputy executive director of the financial stability and economic research department at the central bank.
Serbia holds rates
The National Bank of Serbia decided on Monday to keep its key policy rate at 9.75%.
Albania's Fullani on maintaining stability
Ardian Fullani, the governor of the Bank of Albania, looked to reassure the country's economists and policymakers that the financial system would remain stable.