Central Banking
Philippines cuts rates to 15-year low
The Central Bank of the Philippines's rate-setting board voted on Thursday to lower its benchmark key policy rate to 5.5%, the lowest level for 15 years.
Turkey votes for another 50bp cut
The Central Bank of Turkey's rate-setting committee cut the benchmark overnight borrowing rate by half a percentage point to 16.25% on Wednesday.
Central Bank of Ecuador - Annual Report 2005
Ecuadorian growth in 2005 slowed to 4.7% from 7.9% the previous year.
Financial developments in emerging Europe
Emerging Europe needs to ensure factor markets are flexible and financial systems strong to avoid painful economic adjustments, International Monetary Fund (IMF) research finds.
Spain's Ordoez upbeat on eurozone growth
Sound fundamentals and robust global growth should support relatively favourable medium-term economic conditions in the eurozone, says Miguel Fernandez Ordoez, the governor of the Bank of Spain.
Central banks: the gorillas of foreign exchange
Chris Turner, the head of foreign exchange strategy research at ING wholesale banking in London, evaluates the possibility of sterilisation by central banks next year
We're half-way to normal, says UK's King
Presenting the Bank of England's Inflation Report for November, Mervyn King, the governor of the Bank, said that key indicators of stress in financial markets had recovered partly from the levels reached in August and September but that the situation was…
Fed to offer more insight into decision making
The Federal Reserve is to give the public more insight into how the rate-setting Federal Open Market Committee (FOMC) decides on monetary policy.
China's Zhou acts as inflation hits 11-year high
Zhou Xiaochuan, the governor of the People's Bank of China, has responded to a surge in inflation by pledging to curb price rises and excess liquidity.
Estonia dismisses currency claims
The Bank of Estonia on Monday denied rumours that it was set to devalue the kroon, which is pegged to the euro.
Chile holds rates at 5.75%
The Central Bank of Chile's rate-setting board voted on Tuesday to keep its monetary policy interest rate at 5.75% despite CPI inflation of more than 6%.
Basel II will strengthen US markets: Kroszner
Basel II's introduction will enhance financial stability in the United States, says Randall Kroszner, the governor responsible for regulation at the Federal Reserve.
Central Bank of Djibouti - Annual Report 2005
Real GDP rose by 3.2% in Djibouti in 2005, boosted by infrastructure investments.
Improve enforcement non-EU emerging Europe told
Emerging European economies not yet members of the EU need to better enforce financial regulation if they are to continue to grow, International Monetary Fund research finds.
Colombia will benefit from free trade with US
Juan Mauricio Ramirez, a vice president of the Private Council of Competitiveness and a former head of the inflation and macroeconomic programming department at the Banco de la Republica, takes issue with Joseph Stiglitz's views on the proposed Free…
Czech National Bank - Annual Report 2006
The Czech economy grew by more than 6% in 2006 as aggregate demand superseded foreign trade as the main driver of economic growth.
Model predicting instability in development
Charles Goodhart, a former member of the Bank of England's Monetary Policy Committee, and Dimitrios Tsomocos, a lecturer in financial economics at Oxford University's Said Business School, are working on a model aimed at alleviating financial fragility.
Strong capital base counters illiquidity: Landau
A strong capital base in the financial system is likely to limit future liquidity shocks, says Jean-Pierre Landau, a deputy governor at Banque de France.
Riksbank unanimous on rate verdict
The minutes of the October 29 meeting of the Riksbank's rate-setting board reveal the six-strong panel unanimously backed the decision to hike rates by 25 basis points to 4%.
Bank of Japan sticks to rate hold strategy
The Bank of Japan's rate-setting board decided to hold its benchmark overnight call rate at 0.5% for the ninth month in a row on Tuesday.
SWFs more likely to diversify than central banks
Sovereign wealth funds are much more aggressive in diversifying foreign exchange assets than central banks, says Mansoor Mohi-uddin, the managing director of foreign exchange strategy at UBS, a leading investment bank.
ECB to look to global economy on rate decisions
Global factors will increasingly influence European Central Bank (ECB) monetary policy decisions, Philippe Moutot, the director of monetary policy at the central bank, said on Tuesday.
Cyprus holds rates in spite of inflation fears
The Central Bank of Cyprus's rate-setting board voted on Monday to keep its overnight deposit rate at 4.5% despite rising inflation.
Scrap agencies' role in Basel: ex-UK rate-setter
Basel II needs to go back to the drawing board before it is even out of the blocks because of rating agencies' influence in the framework, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now a professor at the…