Central Banking
BoE's MPC all agreed to hold rates
Minutes of this month's meeting at the Bank of England revealed all nine members of the monetary policy committee were in favour of this month's rate hold.
Riksbank deputy discusses monetary policy
Barbro Wickman-Parak, the deputy governor of the Riksbank, gave her views on June's rate rise at a meeting held at the Stockholm office of Swedbank, a commercial bank.
Trichet claims markets close to normal
Jean-Claude Trichet, the president of the European Central Bank (ECB), said that the current "period of market nervousness" is coming to an end.
UK inflation stats lower chances of rate hike
The UK's inflation rate has fallen below its target 2% rate for the first time in 15 months, fuelling speculation that interest rates have peaked at 5.75%.
NZ finance minister knocks CB migration plans
Michael Cullen, New Zealand's finance minister, criticised the Reserve Bank of New Zealand's proposal to limit immigration in order to curb rising house prices in parliament today.
Israel prepares for the worst
The Bank of Israel's core staff participated in a two-day drill exercise on Monday and Tuesday as part of the central bank's business continuity programme.
Inflation will remain low - Taiwan governor
Perng Fai-nan, the governor of the Central Bank of the Republic of China (Taiwan), said that central bank strategy had ensured inflation remained low and stable, and that it would continue to do so.
Australia's move to a floating currency
A new paper from the International Monetary Fund (IMF) praises Australia's handling of its move to a floating currency in 1983.
Trichet answers back on inflation and jobs
Jean-Claude Trichet responded to criticisms that the euro hampers employment in an interview published 11 August.
National Bank of Ukraine - Annual Report 2006
The National Bank of Ukraine said that conditions improved in 2006 after a poor 2005 because household incomes increased as unemployment declined. But inflation did rise from 10.3% to 11.6%.
Useful statement from Jean-Claude Trichet
CentralbankNews.com is pleased to see the ECB making constructive use of its website in the current crisis. On Tuesday August 14 its home page featured prominently a statement by Jean-Claude Trichet, the president, about the current financial market…
ECB injects a further €47.7 billion
After adding €155.9 billion ($212 billion) to money markets late last week, European Central Bank (ECB) lent heavily again on Monday.
Australia expects 3% inflation by year end
The Reserve Bank of Australia has revised its inflation forecast to the top of its 2%-3% target range following its latest consumer price index (CPI) figures.
Greenspan to advise Deutsche Bank
Deutsche Bank, the German investment and retail bank, announced on Monday that it will retain Alan Greenspan, the former governor of the Federal Reserve, as a senior adviser.
Dollar sell-off claims prompt Chinese reaction
A spokesperson for the People's Bank of China has countered reports in the British media that the central bank plans to use its vast dollar reserves as a political weapon against the United States.
Japan injects 1.6 trillion into money markets
The Bank of Japan injected 1 trillion ($8.4 billion) into the money markets Friday and 600 billion Monday in an effort to counter shockwaves triggered by the US subprime crisis.
IMF paper criticises UK's golden rule
The International Monetary Fund (IMF) has published a working paper which suggests improvements the United Kingdom's measure of fiscal performance - the golden rule.
Malaysian governor discusses Islamic finance
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, noted five major trends set to impact the global sukuk market.
Bank of Finland - Annual Report 2006
The Bank of Finland has published its annual report.
Central banks' use of websites in the crisis
Central banks have been using their websites in novel ways during the crisis. On 13 August, the New York Fed put the following notice up:"The Desk will evaluate whether it needs to inject additional cash into the banking system at its normal operating…
Central banks continue to plug markets
On Friday, central banks around the world engaged in an orchestrated effort, initiated by the European Central Bank (ECB) and the Federal Reserve a day earlier, to keep money markets afloat amidst wide-spread fears of a global credit crunch.
Intervention fails to stem equities sell-off
The wide-scale intervention by central banks around the world on Thursday and Friday reduced spreads in domestic money markets, but failed to stop the declines in global stock markets.
Japanese regulator seeks hedge fund clamp-down
The Japanese Securities and Exchange Surveillance Commission (SESC), has warned that investment banks and hedge funds are becoming "too close" and expressed fears that this could lead to insider trading and other forms of misconduct.
Chilean rates reach five-year high
Chile's central bank lifted its overnight lending rate to the highest in five years, and suggested that additional tightening is likely to be needed to keep inflation anchored around the 3% inflation target.