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Inflation-targeting regime improves policy
During the Bank of England's inflation-targeting regime, monetary policy shocks have been more muted and inflation expectations have been lower than before, a new paper from the central bank posits.
European banks to drop interchange fees by 2012
The European Commission and the European Central Bank (ECB) have told European banks to get rid of interchange fees on direct debit transactions by 31 October 2012 under EU antitrust rules.
IMF to loan Romania $17.5 billion
The International Monetary Fund (IMF) has agreed a $17.5 billion loan to Romania to cushion the rapid withdrawal of capital from the eastern European economy.
A guide for would-be MPC members
An ability to challenge convention, courage in one's convictions and a thick skin are some of the qualities essential for Monetary Policy Committee members, two external members of the Bank of England's committee have said.
Calls for Bank to retake control of regulation
The leader of Britain's main opposition party wants the Bank of England to regain its role in regulating the overall level of debt in the banking system.
AIG cited as case for shadow-bank rules
The American International Group (AIG) situation highlights the need for strong, effective consolidated supervision of all systemically-important financial firms, said Ben Bernanke, the chairman of the Federal Reserve.
Shirakawa terms measures "extremely extraordinary"
The Bank of Japan's decision earlier this month to directly provide quasi-capital funds to banks through subordinated loans was an "extremely extraordinary" measure, Masaaki Shirakawa, the governor of the central bank, has emphasised.
South African Reserve Bank - Quarterly Bulletin
South Africa cannot escape the negative consequences of the international financial turmoil, notes the South African Reserve Bank's March Quarterly Bulletin.
New BoJ discussion paper series launched
The Bank of Japan has published a new issue of its online discussion paper series.
US still has more influence than trade suggests
Regardless of the emergence of large economic players, like China, United States' influence on other economies remains larger than direct trade ties would suggest, a new paper from the European Central Bank shows.
MPC dove slams policy orthodoxy
David Blanchflower, an external member of the Bank of England's Monetary Policy Committee, has launched a scathing attack on monetary-policy orthodoxy, questioning inflation targeting's intellectual roots and advocating consideration of whether to use…
Inflation in new EU10 driven by common factors
A major part of inflation in the ten new European Union (EU) member countries is driven by common factors, a new paper from the International Monetary Funds reveals.
Fed sets boundaries for stability role
The Federal Reserve sought to clarify its role as a guardian of financial stability on Monday in an attempt to avoid taking what one regional Fed president has labelled "risky" fiscal action.
King details vision for quantitative easing
The Bank of England expects to spend the first £75 billion ($110.5 billion) tranche set aside for quantitative easing, within the next three months, Mervyn King, the governor of the Bank, said on Tuesday.
South Africa cuts by 100 basis points
The South African Reserve Bank chopped 100 basis points off its key rate for the second month in a row on Tuesday.
RBA's Lowe: payments providers must cooperate
There is a strong case to re-examine the balance that has been struck in the Australian payments system between competition and cooperation, said Philip Lowe, an assistant governor of country's central bank.
Monetary policy can affect relative prices
Monetary policy can affect relative prices in the economy, a new paper from the Bank of England posits.
UK inflation statistic surprises
The British CPI inflation statistic for the year to February, out Tuesday, confounded analysts' expectations of a steep fall, rising by a fifth of a percentage point from the January figure.
Buba to strengthen stability role
The Bundesbank is strengthening its role in financial stability by establishing a new department as part of a significant structural overhaul.
India's Subbarao sees key role for retail payments
Retail payments are going to be the drivers of the future payment and settlement architecture, said Duvvuri Subbarao, the governor of the Reserve Bank of India.
Geithner bailout meets with mixed reviews
The markets loved it. But economists' reaction to US Treasury secretary Tim Geithner's public-private partnership to relieve banks of their toxic assets was more critical.
China's Zhou wants SDRs as global currency
Zhou Xiaochuan, the governor of the People's Bank of China, has urged countries to adopt special drawing rights (SDR) as an international reserve currency as part of a move towards a more stable global monetary order.
Buba names new communications head
Benedikt Fehr, a journalist for a German daily, is to become the new head of the Bundesbank's communications department after Christian Burckhardt, the former head, died tragically last December.
UK rejigs inflation basket
Rose wine, hot rotisserie chicken and internet-based DVD subscriptions are some of the items that have been added to Britain's new inflation basket.