Central Banking
Interbank conditions influenced RBA decision
The Reserve Bank of Australia's rate-setting board decided to leave rates unchanged in November because of interbank tensions, minutes of the meeting published on Tuesday reveal.
US markets unconvinced by 1980s inflation fall
Financial markets were sceptical of the Federal Reserve's commitment to low inflation even after the period of disinflation in the early 1980s, research published by the Kansas City Federal Reserve finds.
China's Zhou speaks on financial stability
Flexibility and adaptability must be improved if central banks are to successfully deal with financial instability, says Zhou Xiaochuan, the governor of the People's Bank of China.
Only banks can fully solve lending problem: King
No amount of central bank liquidity can bring interbank rates back down to normal levels, Mervyn King, the governor of the Bank of England, said on Tuesday.
Old Lady denies reports of government criticism
The Bank of England countered reports published over the weekend that an unnamed senior Bank of England official had said low government morale was blocking plans for a fundamental overhaul of the financial regulatory system.
Near-record inflation forces Oman to limit lending
The Central Bank of Oman upped banks' reserve requirement ratio on Sunday in a bid to curb rampant inflation.
RBNZ set to regulate insurance industry
The Reserve Bank of New Zealand on Monday became responsible for regulating all life, health and general insurance providers.
Hungary holds rates at 7.5%
The National Bank of Hungary's rate-setting council voted on Monday to keep its benchmark base rate at 7.5%.
Greenspan warns of stagflation risk
Alan Greenspan, a former chairman of the Federal Reserve, warned on Sunday that the United States economy was exhibiting the first signs of stagflation.
The Netherlands Bank - Annual Report 2006
The Netherlands Central Bank estimated the Dutch economy expanded by 3% in 2006, boosted by strong export, consumption and investment growth.
Report details practices at G10 central banks
The Markets Committee on Monday published a report on the monetary policy frameworks and open market operations at the G10 central banks.
Bank of England - Quarterly Bulletin
Details of the impact of Northern Rock's use of the lender of last resort facility on the Bank of England's open market operations are noted in the latest edition of the Quarterly Bulletin.
IMF's Kato adds voice to calls for transparency
Investors need greater transparency of the on- and off- balance sheet exposures of financial institutions, as well as of the interrelationships between asset managers, and special purpose vehicles, said Takatoshi Kato, a deputy managing director of the…
UK's inflation expectations reach eight-year high
Britons' inflation expectations rose to the highest level for eight years in November, the Bank of England's Inflation Attitudes Survey has revealed.
Chile surprises with decision to hike rates to 6%
The Central Bank of Chile's rate-setting board voted to raise the monetary policy interest rate unexpectedly by 25 basis points to 6% on Thursday.
Numbers of central bankers continue to rise
The 2008 edition of Central Banking Publications's Central Bank Directory, the annual guide to the world of central banking, estimates the number of central bankers in the world at 348,865, a marginal 0.2% increase over last year. This maintains last…
Turkey slashes policy rate to 15.75%
The Central Bank of the Republic of Turkey's rate-setting committee voted on Thursday to cut its benchmark overnight interest borrowing rate from 16.25% to 15.75%.
Kenya leaves rates at 8.75%
The Central Bank of Kenya's rate-setting committee voted on Thursday to hold the benchmark Central Bank Rate at 8.75%.
Imbalances to gradually decline despite turmoil
The unwinding of global imbalances is still likely to continue gradually in spite of the increased risks posed by the recent financial turmoil, says John Lipsky, the first deputy managing director at the International Monetary Fund (IMF).
Nepal Rastra Bank - Annual Report 2005-2006
Nepal's real GDP grew by 2.3 % in the 2005 to 2006 period.
Emerging Asia impacts commodity price trend
Industrial activity in emerging Asia appears to have become, since 1997, a stronger driver of oil and commodity price movements than business cycle trends in developed economies.
Financial crisis has affected eurozone stability
Uncertainty surrounding financial stability in the euro area has heightened as a result of the recent financial turmoil, Lucas Papademos, the vice president of the European Central Bank, confirmed on Thursday.
Officials praise central bankers' collaboration
Central bankers and politicians across the globe offered swift and unanimous approval for Wednesday's concerted effort to inject liquidity in a bid to counter dogged interbank tensions.
Joint effort failing to counter interbank tension
Interbank rates stayed high and markets plummeted on Thursday in spite of the collective action launched by five of the most powerful central banks on Wednesday.