Central Banks

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.

Innovation impacts money demand

Technological developments affect average money holding and interest elasticity of money demand, research from the Bank of Italy notes.

Bernanke revisits idea of toxic asset purchases

Ben Bernanke, the chairman of the Federal Reserve, on Tuesday mooted several ways in which American authorities could remove toxic assets from banks' balance sheets. He also said that more capital injections and guarantees may be required to ensure…

Mexico's Ortiz to replace Roth as BIS chair

Guillermo Ortiz, the governor of the Bank of Mexico, is to succeed Jean-Pierre Roth, the head of the Swiss National Bank, as the chairman of the Bank for International Settlements (BIS). He becomes the first governor from an emerging-market economy to…

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