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Raza nominated to replace Akhtar
Saleem Raza, a former executive at Citigroup, has been nominated as the new governor of the State Bank of Pakistan, after the unexpected resignation of Shamshad Akhtar.
China to promote freer yuan trades
Beijing will allow some trade with neighbouring countries to be settled in yuan, the Chinese currency, rather than in the dollar or the euro.
BoJ considers "extraordinary steps" - Kamezaki
The Bank of Japan is considering "extraordinary steps" to counter financial-market turmoil and a deepening recession, Hidetoshi Kamezaki, a member of the central bank's policy board said last week.
UAE creates swap lines for local banks
The Central Bank of the United Arab Emirates (UAE) is to provide currency-swap facilities for the UAE dirham and the US dollar to local banks in a bid to inject more liquidity into the country's banking system.
Iraq to cut rates
The Central Bank of Iraq has announced that it will reduce its key policy rate by 1 percentage point to 14%, starting next year.
National Bank of Rwanda - Annual Report 2007
The state of Rwanda's public finances worsened in 2007, the central bank's latest Annual Report states.
We need greater global cooperation: Thai governor
Tarisa Watanagase, the governor of the Bank of Thailand, has warned that combating the credit crisis necessitates a greater degree of international cooperation.
Some lessons on liquidity
The price a bank pays for liquidity depends upon the liquidity positions of its rivals as well as its own, research from the Bundesbank finds.
Bubbles becoming ever-more frequent: BoJ head
Masaaki Shirakawa, the governor of the Bank of Japan, has noted that asset-price bubbles are becoming more and more frequent.
China bids to breathe life into ailing economy
The People's Bank of China has cut its key lending and borrowing rates for the fifth time in three months in its quest to shore up faltering growth in the world's fourth largest economy. However, the move met with disappointment from market participants,…
Poland slashes on signs of sharp slowdown
The National Bank of Poland made its steepest cut since January 2001 on Tuesday and cautioned that the country's economy was set for a sharper-than-expected slowdown.
Crisis calls for revision of LOLR role: economists
Central banks must broaden their remit as lenders of last resort in the wake of the crisis, two economists who advise central banks have said.
Eurosystem continues to shed staff
The number of central bankers in the 16 national central banks that now make up the Eurosystem stands at 46,123, a fall of 17.9% since 2003, reveals the 2009 edition of Central Banking Publications' Central Bank Directory.
Italy names first female board member
Anna Maria Tarantola, the managing director of the Bank of Italy's banking and supervision unit, will replace Antonio Finocchiaro in the new year as deputy director-general at the central bank. In doing so, she will become the first woman to sit on the…
ECB on originate and distribute
A new paper from the European Central Bank looks at the incentive structure of the originate and distribute model and suggest policies that could be used to mitigate conflicts of interest surrounding the model.
Stress testing in central banks - a comparison
A new paper from the Bank of Italy reviews the quantitative methods used at selected central banks to stress testing credit risk.
San Fran's Yellen on lessons from Japan
"Clear and strong commitments about the future stance of policy" are important when policy rates approach zero and there is fear of deflation, noted Janet Yellen in an Economic Letter reflecting on lessons from Japan's lost decade.
Import prices and inflation - BoE working paper
A new paper from the Bank of England analyses the influence of import prices on inflation in the United Kingdom, United States and Japan since the mid-1980s.
Strauss-Kahn stresses need for fiscal spending
Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF), has again called on governments to increase their spending programmes in 2009.
Political turmoil in Ukraine over CB loan
Yulia Tymoshenko, Ukraine's prime minister, has called for the resignation of Viktor Yushchenko, the president and former head of the country's central bank, after accusing him of profiting from bets against the currency last week as the country…
Japan steps harder on fiscal pedal
The Japanese cabinet has approved an additional $54 billion fiscal spending package to try to ease the deepening recession in the world's second largest economy.
Fed further opens lending window
The Federal Reserve has announced a new lending facility that will allow an even wider range of institutions - including hedge funds - to access loans by the central bank.
Gieve: we need new instruments
Sir John Gieve, the deputy governor of the Bank of England, has admitted that the Bank underestimated the scale of the credit crisis and said the turmoil has demonstrated the need to equip central banks with new policy tools.
Finland names acting head for new regulator
Anneli Tuominen, will become the first head of the Financial Supervisory Authority, Finland's new financial regulator.