Interest rates
Avoid Tokyo's mistakes to combat deflation: Ito
Takatoshi Ito, a prominent economist, has urged global monetary authorities to learn from Japan's errors in order to successfully stave off a nasty bout of deflation.
Fears for zloty outweigh calls for cuts
The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…
SA inflation dips as new gauge introduced
South African inflation plunged by more than two percentage points last month following the introduction of a new inflation basket.
Malaysia reneges on pledge to hold firm
Bank Negara Malaysia has cut its benchmark rate by a further half a point despite indication earlier this month that it would hold back on further loosening.
Peru cuts for first time in more than three years
The Central Bank of Peru cut its key interest rate a quarter point to 6.25% on Thursday. It is the central bank's first cut since July 2005.
Bank cuts to 1%, economy in severe downturn
The Bank of England chopped 50 basis points off bank rate on Thursday and stepped up the rhetoric on the scale of the crisis, saying that the global economy was now "in the throes of a severe and synchronised downturn".
Growth fears outweigh depreciation threat for CNB
The Czech National Bank (CNB) has cut its key interest rate to 1.75%, the lowest level in more than three years, in an attempt to stave off recession despite concerns about koruna's weakening.
Philippines cuts again as inflation abates
The Central Bank of the Philippines cut rates by half a point for the second month in a row on Friday, citing a shift in the inflation outlook.
NZ makes another mammoth cut, rates hit fresh low
The Reserve Bank of New Zealand slashed its benchmark official cash rate by 150 basis points to a new all-time low of 3.5% on Thursday and signalled it could cut again in the coming months.
Orphanides comments highlight ECB divide
Comments by the governor of the Central Bank of Cyprus on Wednesday underlined the split between members of the European Central Bank's (ECB) Governing Council on whether eurozone interest rates should fall to zero.
India holds but signals cuts could come
The Reserve Bank of India kept its benchmark repo rate at an all-time low of 5.5% on Tuesday but indicated it could soon cut further with the Indian economy vulnerable to the fallout of the financial crisis.
Poland slashes on "considerable" slowdown
The National Bank of Poland cut rates by 75 basis points to their lowest level since April 2007 on Tuesday, citing flagging growth and lower inflation.
Israel cuts to record low, economy to shrink
The Bank of Israel slashed its key rate by 75 basis points to an all-time low of 1% on Monday and said that it now expected the economy to contract by 0.2% in 2009.
Vietnam slashes to meet growth target
The State Bank of Vietnam cut its base interest rate by 150 basis points to 7% on Friday, taking borrowing costs to half of the level they were last summer.
PM's adviser wants RBI to cut rates
Suresh Tendulkar, an economic adviser to the Indian prime minister, has said that the Reserve Bank of India should cut rates in the coming week.
Brazil slashes, signals further easing
The Central Bank of Brazil made its most aggressive cut in more than five years on Wednesday and hinted it would ease rates further in the coming months.
Malaysia slashes rates as exports flag
Bank Negara Malaysia surprised markets on Wednesday, slashing its key rate by 75 basis points to 2.5%.
Canada sees rates hit all-time low
The Bank of Canada cut its key rate to 1%, the lowest level in the central bank's 75-year history, on Tuesday and said that headline inflation would fall below zero later this year. However, the move was not enough to satisfy some in the markets who were…
Hungary cuts on fears of "sharp downturn"
The National Bank of Hungary on Monday lowered rates for the third time since the start of December on signs of a more severe-than-expected economic slowdown.
Turkey slashes to record low as growth slumps
The Central Bank of Turkey on Thursday chopped two percentage points off its benchmark rates, taking the measures to their lowest-ever levels.
ECB cuts, Trichet signals more could come
The European Central Bank (ECB) has chopped a half point off its key rate and indicated rates could reach a fresh low in the months to come. The news followed confirmation that eurozone inflation sank below the central bank's target in December.
Denmark slashes on back of ECB move
The National Bank of Denmark lopped three-quarters of a percentage point of its key rate on Thursday in response to the European Central Bank's (ECB) move.
Thailand slashes rates, cites demand and exports
The Bank of Thailand surprised markets on Wednesday by slashing rates for the second month in a row on further signs of a slowdown.
Taiwan - Annual Report 2007
The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.