Official Record

Bank of England's January minutes

The minutes from the January meeting of the Bank of England's Monetary Policy Committee show most members judged cutting bank rate by 50 basis points would provide a significant stimulus to the economy.

Fed's Beige Book reports weakening activity

The latest edition of the Federal Reserve's Beige Book, a guide to business conditions in the 12 districts overseen by the regional Feds, indicates that economic activity continued to weaken in December across the country.

Taiwan - Annual Report 2007

The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.

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.

MPC minutes: Egypt

The Central Bank of Egypt's Monetary Policy Committee decided to keep rates unchanged at 11.5% owing to high inflation, the minutes of the meeting on 25 December explained.

FSF Asia-Pacific statement notes strains

The fifth annual meeting of the Asia-Pacific group of the Basel-based Financial Stability Forum noted that although the region had been able to withstand the financial crisis to date a number of strains had begun to appear.

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