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Central Bank of Chile - Annual Report 2007
The Central Bank of Chile had 626 employees as of the end of 2007, the central bank's latest Annual Report reveals.
Banks and liquidity: a theoretical view
A model analysing the interbank market and liquidity crises indicates that banks need to be more liquid.
The monetary-policy lag and inflation targeting
Central banks and governments should set a relatively high inflation target when confronted with a long monetary-policy lag and a zero nominal bound for interest rates, research from the Bank of Canada posits.
The cure's the real challenge, not the disease
The greatest challenge for the American economy is not just the recession but how we choose to address it, Thomas Hoenig, the president of the Kansas City Federal Reserve, has said.
New York Fed names nine new vice presidents
The New York Federal Reserve has promoted three of its staff to the role of senior vice presidents and six to vice-presidential positions.
Protect consumers with new measures, says HKMA
The Hong Kong Monetary Authority (HKMA) has urged banks to adopt a raft of new guidelines aimed at protecting consumers. The measures follow almost 20,000 thousand complaints about the mis-selling of Lehman Brothers-related products.
Report prompts Ireland's chief regulator to quit
Patrick Neary, the chief executive of the Financial Services Regulatory Authority, will retire after a report condemned the organisation for its failings in a scandal involving one of the country's biggest banks.
Congo hikes rates to 55% as currency plunges
The Central Bank of Congo attempted to halt the depreciation of the CFA franc on Monday with a 15 percentage-point hike in its key rate to 55%.
Number of forged euro notes hits record high
The number of counterfeit euro banknotes seized soared by 13% in the second half of 2008, the European Central Bank (ECB) said on Monday.
Peru holds rates, eases reserve requirements
The board of the Central Reserve Bank of Peru held rates at 6.5% as inflation slowed but lowered reserve requirements by one percentage point in a bid to ease conditions for in for commercial banks.
Korea denies renminbi reserves interest
The Bank of Korea has issued a strong denial in response to a story claiming the central bank had looked into but ultimately rejected shifting some of its reserves into renminbi.
Ireland's Hurley to stay on after term ends
The governor of Ireland's central bank, John Hurley, has agreed to stay on beyond the official end of his first seven-year term in March.
Chile surprises with one-point cut
The Central Bank of Chile surprised observers and markets with the size of the reduction in borrowing costs as data revealed that inflation plunged almost two percentage points in December.
Gulf states strong - Bahrain's Al-Majar
The Gulf states are in a strong position to withstand the financial crisis, said Rasheed Al-Majar, the governor of the Central Bank of Bahrain.
New model for anticipated structural changes
New research from the Reserve Bank of Australia develops a model that is relevant for monetary policy which can allow for anticipated structural changes.
Communication key in inflation targeting
Communication is crucial in limiting the damage to central bank's credibility associated with overshooting inflation targets, notes a new paper from the International Monetary Fund.
Explaining America's Great Inflation
Acceleration of US inflation in the 1960s caused by Bretton Woods the exit and the Treasury's role in defending the dollar, say Michael Bordo and Barry Eichengreen, in a new paper.
Latvia breached euro budget rules - central bank
Latvia's fiscal deficit for 2008 was in excess of the 3% Maastricht criterion for euro entry, the Bank of Latvia has said, taking issue with the government's figure of 2.8%.
Tanzania looks into new notes
The Bank of Tanzania is looking into printing new banknotes barely five years after the previous series was introduced.
Basel Committee to broaden implementation remit
The Basel Committee on Banking Supervision today announced that it is broadening the mandate of its Accord Implementation Group (AIG).
UK rates hit all-time low
In a widely expected move, the Bank of England lowered its policy rate to 1.5%, the lowest in the institution's 300-year history.
How individuals remit funds internationally
A research briefing from the Federal Reserve Bank of Kansas City describes means by which individuals make international remittances.
Banco de la Republica, Colombia - minutes
The board of directors of the Banco de la Republica, Colombia decided unanimously to cut the intervention rate by a half a basis point to 9.50%, the minutes of the 19 December meeting show.
BoE - Credit Conditions Survey
UK lenders report rise in default rates and losses on lending to households and private non-financial corporations, says the Bank of England's Credit Conditions Survey for the last quarter of 2008.