Central Banking
OECD advises UK to cut rates
The UK should lower interest rates, the Organisation of Economic Cooperation and Development (OECD) has said.
Spain's Solbes supports Trichet on Sarkozy debate
Pedro Solbes, the Spanish finance minister, indicated that he would side with Jean-Claude Trichet, the president of the European Central Bank (ECB), over his recent exchange with Nicolas Sarkozy, the French president.
Central Bank of Turkey - Annual Report 2006
The Central Bank of Turkey celebrated its 75th anniversary in 2006.
China's Zhou charts market progress
Promoting innovation and development in the financial market is imperative, according to Zhou Xiaochuan, the governor of the People's Bank of China.
Policy works in spite of globalisation - Mishkin
Globalisation has the power to impact inflation but, in reality, it seems to have little effect, said Frederic Mishkin, a member of the board of the Federal Reserve.
Exchange rates' adjustments in booms and busts
The European Central Bank has published a study looking at the relationship between boom-bust episodes in asset prices over the past two decades and exchange rates.
Why King lacks allies
Just when Mervyn King, the governor of the Bank of England, was hoping for a respite from the battering he has received from the Treasury Select Committee and others over his handling of the Northern Rock debacle, along comes a heavyweight in the shape…
Alan Greenspan on volatile markets
Interviewed on the BBC's Today programme on 28 September, Alan Greenspan waxed philosophical about the changing nature of financial markets and their relationship to the real economy.
UK business chief singles out King
Richard Lambert, a former member of the monetary policy committee who now heads the Confederation of British Industry (CBI), dismissed Mervyn King's blaming of the Northern Rock crisis on regulatory complexity as unsatisfactory.
Banks snub Old Lady's three-month money
The Bank of England received no bids for its additional three-month tender on Wednesday but the European Central Bank (ECB) revealed that it had loaned €3.9 billion the same day from its marginal lending facility.
German sovereign wealth rules "lean and liberal"
Germany's planned legislation to limit investment by sovereign wealth funds will allow foreign funds to buy banks, media companies and consumer industries, but not in the energy sector.
Czech central bank holds rates
The Czech National Bank decided on Thursday to keep its benchmark interest rate at 3.25%.
Injections were the right response - OECD chief
Central banks were correct to inject liquidity into the banking system in order to deal with the turmoil in global money markets, said Angel Gurria, the secretary general of the Organisation for Economic Cooperation and Development.
Survey reveals borrowing woes for UK firms
UK businesses will struggle to borrow in the coming months but households will find banks still willing to lend, according to the Bank of England's latest credit conditions survey, published on Wednesday.
Canada's rate path uncertain - Dodge
A rise in value of the Canadian dollar and mixed signals on inflation risks will present the Bank of Canada with some tough monetary policy decisions in the coming months, David Dodge, the governor of the central bank, said that on Tuesday.
Bank of Sudan - Annual Report 2006
The Sudanese economy had a strong year in 2006 as growth increased from 8.1% in 2005 to 9.3% and the inflation rate dropped, falling from 8.4% to 7.2%.
Swiss bulletin predicts US slowdown
The Swiss National Bank's latest monetary policy report presented a pessimistic outlook for the US economy.
Further rapid growth in foreign exchange trading
The volumes of foreign exchange traded has grown by 65% over the last three years, the preliminary results of the Bank for International Settlement's (BIS) triennial survey reveal, with global daily turnover averaging $3.2 trillion in April 2007.
New governance head at Norwegian oil fund
Anne Kvam, a legal director at paper producer Norske Skog, will replace Henrik Syse, as head of corporate governance at Norges Bank Investment Management, the Central Bank of Norway's sovereign wealth fund.
Sudan to switch dollar reserves
The Bank of Sudan has said it is looking to replace its dollar reserves with euros and other currencies by the end of 2007 to lessen the impact of US sanctions.
Poland and Romania hold rates
The central banks of Poland and Romania decided on Thursday to leave their benchmark rates unchanged at 4.75% and 7% respectively.
Norway raises rates
Norway's central bank surprised markets by hiking its benchmark rate 25 basis points to 5% on Wednesday.
National Bank of Macedonia - Annual Report 2006
Petar Goshev, the governor of the National Bank of Macedonia, judged 2006 a successful year for the central bank.
SEC and FSA chiefs to discuss hedge fund rules
Paul Atkins, the commissioner of the US Securities and Exchange Commission, and Hector Sants, the chief executive of the UK Financial Services Authority, will meet with senior hedge fund professionals to ask if funds should be regulated and to see what…