Central Banks

Korea cuts by 75bp on signs of slowdown

The Bank of Korea on Monday slashed its key rate by 75 basis points in a surprise move to counter an economic slowdown. The central bank also broadened its collateral rules to include some mortgage-backed securities on signs of a liquidity shortage.

Korea's Lee urges caution

Central banks need to be cautious in coping with price pressures as financial markets are very unstable and their future direction is unclear, said Seongtae Lee, the governor of the Bank of Korea.

Stay vigilant, SARB warns markets

Financial system authorities and participants must stay vigilant, and enhance efforts to improve resilience and contingency measures, states the latest Financial Stability Review from the South African Reserve Bank.

Convergence will cut CNB's losses

The Czech National Bank should be able to repay its foreign-exchange-related losses by 2023 as the economy converges with developed economies, finds a new paper from the central bank.

Fed $2.7bn down on Bear, GSE sell-off continues

The value of the assets held on the Federal Reserve's books as collateral for its $29 billion loan to failed investment bank Bear Stearns fell by 9.2% over the third quarter, it emerged Thursday. Data also showed foreign central banks flight from Fannie…

India impacted by global turmoil

Recent events in India's financial markets reflect adverse developments and extreme uncertainty in international financial markets, opines the latest macroeconomic and monetary development mid-term review from the Reserve Bank of India.

ECB's Heinonen scoops lifetime achievement award

The man who oversaw the euro cash changeover has been honoured with a lifetime achievement award from the International Association of Currency Affairs, a trade body for the currency industry.

No uniform path to euro

There is no one-size-fits-all euro adoption policy available for the eight new EU countries from Central and Eastern Europe, finds a new paper from the Bank of Estonia.

King justifies re-capitalisation

With banking conditions at their direst since the beginning of First World War, the British Treasury had to re-capitalise the country's ailing banking sector, said Mervyn King, the governor of the Bank of England.

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