Central Banking
Australia raises rates to 6.5%
The Reserve Bank of Australia has increased interest rates by 25 basis points in an attempt to ward off inflation.
Fed looks to stabilise economy with rate hold
Against a backdrop of mounting concern over the health of the American economy, the Federal Reserve decided to leave its federal funds rate at 5.25% yesterday.
BoE inflation report suggests rate hike
The Bank of England looks set to raise rates to 6%, after its August inflation report, released on 8 August, indicated that further hikes were needed to bring inflation down towards the 2% target.
India limits overseas borrowing
In an attempt to stem the rise in the rupee, the Reserve Bank of India said that companies borrowing overseas cannot remit more than $20 million to India in a single financial year.
Recent developments in US subprime
The International Monetary Fund has published a working paper called "Money for Nothing and Checks for Free: Recent Developments in US Subprime Mortgage Markets."
South Africa details forecasting model
The Reserve Bank of South Africa has published a paper describing the key stochastic equations in its core model, which is used for forecasting purposes at Monetary Policy Committee (MPC) meetings.
Central Bank of Iran - Annual Report 2005/06
The Central Bank of Iran has published its annual report.
IMF report on the US
The International Monetary Fund (IMF) has said the US economy should shake off the effects of the housing market decline and expand by almost 3% by the middle of 2008.
Slovenia's Kranjec: subprime may hurt EU
Marko Kranjec, the governor of the Bank of Slovenia, has said the US subprime mortgage crisis could affect eurozone consumer demand. His comments appear to contradict those of other members of the European Central Bank's (ECB) governing board.
China set to inject $60 billion in state banks
The People's Bank of China will inject $60 billion of its vast foreign exchange reserves into two state banks through its Central Huijin Investment arm.
Indonesia holds rates
After two 25 basis point cuts in as many months, Bank Indonesia decided today to hold its benchmark interest rates at 8.25%
Mboweni predicts interest rate increase
Tito Mboweni, the governor of the Reserve Bank of South Africa, says the central bank is more likely to raise interest rates than reduce them at its policy meeting next week.
Bank of Greece - Annual Report 2006
The Bank of Greece has published a 100-page summary of its 2006 annual report.
Korea plans new high-denomination banknotes
The Bank of Korea has drawn up a pool of ten historic figures for the design of its new 50,000 and 100,000 won banknotes, scheduled to debut in early 2009.
Price setting behaviour in Japan
The Bank of Japan has published a working paper exploring micro price setting behaviour and price hazard functions.
Bank of Israel - Annual Report 2006
The Bank of Israel has published its 2006 annual report, reflecting on a strong year for the Israeli economy.
IMF board backs global imbalances plan
The board of the International Monetary Fund (IMF) has backed a plan for conducting multilateral surveillance aimed at reducing global imbalances.
Burundian central bank chief arrested
Isaac Bizimana, the governor of the Bank of Burundi, was arrested Saturday 4 August on suspicion of embezzlement. The alleged embezzlement involves payments made to Interpetrol, an oil company, between 1996 and 2002.
South Africa's Mboweni on monetary policy risks
In this speech Tito Mboweni, the governor of the South African Reserve Bank, outlines some of the major concerns currently facing the central bank.
South African inflation target band remains
The South African Reserve Bank's current inflation target band of 3% to 6% will be maintained despite criticism from the International Monetary Fund (IMF), finance minister Trevor Manuel announced on Monday 6 August.
Czech central bank predicts further rate hikes
The Czech National Bank will increase interest rates if its macroeconomic forecast is correct, minutes of latest policy meeting, released on Friday 3 August, revealed.
Philippines to hold rates
Amando Tetangco, governor of the Central Bank of the Philippines, hinted that interest rates would remain unchanged for the foreseeable future.
Polish inflation to stay below 3.5% until 2009
Slawomir Skrzypek, the governor of the National Bank of Poland, says inflation will not top 3.5% in the next two years. Interest rates, he added, should remain unchanged as a result.
Paper on contestability in Canadian banking
The Bank of Canada has published a discussion paper entitled, "A Note on Contestability in the Canadian Banking Industry."