Central Banking
Morocco set to fast-track FX reform
Abdellatif Jouahri, the governor of the Central Bank of Morocco, has hinted that the dirham could move to a floating exchange rate regime early than previously thought.
New Zealand holds rates at 8.25%
The Reserve Bank of New Zealand kept rates unchanged for the seventh straight month.
Price-level-path targeting would suit Canada
Simple price-level-path targeting performs slightly better than simple inflation targeting when the Canadian economy is confronted by shocks, states a new Bank of Canada research.
Majority of US districts experienced slowdown
The latest edition of the Beige Book reveals two-thirds of regional Federal Reserves reported a softening in the pace of business activity in the first quarter.
Kohn on Fed's recent regulatory initiatives
The Fed and other banking agencies have encouraged mortgage lenders to pursue prudent loan workouts in order to help struggling homeowners, said Donald Kohn, the vice chairman of the central bank.
Fed's Mishkin on economic outlook
Frederic Mishkin, a governor of the Federal Reserve, expects a period of economic weakness in the near term that should be offset in future quarters by the monetary easing already in place and the fiscal stimulus package.
EU's Barroso notes concern over euro's strength
Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.
Bank Indonesia investigation officer arrested
Indonesian anti-corruption officials have arrested a prosecutor investigating allegations of misuse of central bank funds on suspicion of bribery.
Interbank rates creep up in Europe
Money market tensions are showing signs of re-emergence, with interbank rates hitting levels not seen since mid-January for euro and sterling borrowing.
Czech's Tuma predicts currency depreciation
Zdenek Tuma, the governor of the Czech National Bank, has said that he expects recent gains in the koruna to be corrected.
UK government attacked for dithering on Rock sale
The UK government came in for more criticism over its handling of the Northern Rock crisis on Wednesday 5 March, when Peter Hitchens, the leader of PricewaterhouseCoopers's UK banking and capital markets practice, said it had wasted a lot of time…
Credit crunch set to hamper US lending
US growth could fall by up to 1.5 percentage points over the next year as a result of tighter borrowing conditions, a report prepared for the US Monetary Policy Forum has found. The report also estimates the losses on mortgage securities will total $400…
Liquidity cooperation essential: Japan's Fukui
Given the increase in the volume and complexity of cross-border flows of funds, coordination among central banks in liquidity provision is essential, said Toshihiko Fukui, the governor of the Bank of Japan.
Money growth data helps predict inflation
Money growth statistics can be used to more accurately forecast inflation in the euro area, a new International Monetary Fund paper finds.
RBA's Debelle on bond market
Australian banks, having sound balance sheets, have been able to maintain their pre-crisis pace of bond issuance and have continued to directly access wholesale funding throughout the recent period of turmoil, said Guy Debelle, an assistant governor at…
Ex-governor knocks RBA as rates hit 12-year high
Bernie Fraser, a former governor of the Reserve Bank of Australia, has spoken out against the decision to raise rates to a fresh 12-year high.
Canada chops half a point off rates
The Bank of Canada has cut rates by 50 basis points to 3.5% amid fears of a more severe slowdown in the US.
Central banks to review liquidity rules
Central banks are collectively considering alterations to the provision of emergency liquidity, Paul Tucker, the executive director responsible for markets at the Bank of England, said at a conference organised by the Financial Markets Group of the…
Greece goes on strike
Bank of Greece staff have walked out in protest against pension reform.
Strauss-Kahn complains of "overly powerful" ECB
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has said that the lack of a political counterweight for the European Central Bank (ECB) has made the institution too powerful.
BIS's Wellink outlines Basel II amendments
The Basel Committee will review the capital charges for collateralised debt obligations (CDOs) set out in the Basel II framework, said Nout Wellink, the president of the Netherlands Bank and chairman of the committee.
Fed's Kroszner on liquidity risk management
Liquidity risk should be evaluated and addressed on an enterprise-wide basis and should be tightly integrated with capital planning, said Randall Kroszner, a governor at the Federal Reserve.
Nyberg on the strength of Sweden's economy
Lars Nyberg, a deputy governor at the Riksbank, judged economic activity in Sweden to be good, but warned that the central bank expected a slowdown later in the year.
Research pinpoints critical frequencies
The Bank for International Settlements has found critical frequencies for sampling some of the key economic indicators.