Interest rates
Bahrain trims rates
Central Bank of Bahrain cuts rates for first time since December, offers month-long dollar loans
Russia cuts for sixth time in five months
Bank of Russia lowers policy rate by 25 basis points in fresh effort to stimulate bank lending
Post-downturn, Fed's Plosser wants pacy hikes
Philadelphia Fed head says raising rates fast will be key
Improving institutional governance in central banks
John Mendzela urges central banks to be leaders, not laggards, in implementing robust governance principles
Depressed UAE in economic boost
Federation announces 1% cut on commercial bank interest rate facility
Denmark cuts for second time in a month
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
Israel becomes first to raise rates
Bank of Israel tightens on signs economy is recovering
Hungary cuts to pre-IMF bailout levels
National Bank of Hungary chops half a point off key rate
Turkey cuts to fresh low
Central Bank of Turkey chops a half point off key rates, indicates further cuts to come
SARB shocks markets with half-point cut
South African Reserve Bank surprises analysts expecting rate hold
Brazil president intervenes in monetary policy
Lula says further rate cuts “desirable”
Denmark cuts to halt krone rise
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
Czechs cut rates to record low
Czech National Bank chops quarter point off official borrowing costs
Goodhart calls for negative deposit rate
Former member of Monetary Policy Committee Charles Goodhart wants Bank of England to follow Riksbank’s lead in cutting deposit rate below zero
Indonesia cuts again
Bank Indonesia cuts for ninth month in a row but bullish on outlook for second half of the year
Chile to lend at record-low interest rates until 2010
Chilean banks to be able to borrow at 0.5% until end of year
Riksbank moves into negative rate territory
Sweden’s central bank, the world’s oldest, will on Wednesday become the first since the crisis began to penalise banks for holding deposits
Chile to keep rates at record low until mid 2010
The Central Bank of Chile has indicated that, contrary to market expectations, it is likely to keep rates at a record low of 0.75% until at least the middle of next year.
Sri Lanka softens forex restrictions
The Central Bank of Sri Lanka on Tuesday said it would relax foreign-exchange restrictions on banks after pressure on the rupee abated.
US output gap may be smaller than thought
That core inflation has fallen relatively little indicates that there is less slack in the American economy, and thus a smaller output gap, than standard estimates predict, research published by the San Francisco Federal Reserve posits.
Inflation outlook leaves scope for RBA cuts
Members of the Reserve Bank of Australia's rate-setting board saw no pressing case for further monetary stimulus but concurred that the inflation outlook left scope for cuts if required, the minutes of this month's policy meeting show
Serbia's Jelasic: microfinance struggling
The microfinance sector has been hit hard by the crisis, said Radovan Jelasic, the governor of the National Bank of Serbia.
Iceland dismisses IMF advice and cuts
The Central Bank of Iceland's rate-setting board cut its key rate by a percentage point on Thursday despite the International Monetary Fund (IMF) last week supporting a "firm" monetary stance.
Debt discharge no guarantee for a clean start
Debt discharges fail to generate a fresh start as intended by the law, new research from the Federal Reserve Board posits.