China
Norway raises rates to 4.75%
The Central Bank of Norway has increased its key policy rate by 0.25% to 4.75%, despite acknowledging recent market turmoil.
Inflation will remain low - Taiwan governor
Perng Fai-nan, the governor of the Central Bank of the Republic of China (Taiwan), said that central bank strategy had ensured inflation remained low and stable, and that it would continue to do so.
Dollar sell-off claims prompt Chinese reaction
A spokesperson for the People's Bank of China has countered reports in the British media that the central bank plans to use its vast dollar reserves as a political weapon against the United States.
China set to inject $60 billion in state banks
The People's Bank of China will inject $60 billion of its vast foreign exchange reserves into two state banks through its Central Huijin Investment arm.
IMF board backs global imbalances plan
The board of the International Monetary Fund (IMF) has backed a plan for conducting multilateral surveillance aimed at reducing global imbalances.
Chinese capital controls
This working paper by the Bank for International Settlements finds that China's capital controls have allowed the authorities to retain some degree of short-term monetary autonomy, despite the fixed exchange rate.
China plans deposit insurance
The People's Bank of China is looking into the establishment of a deposit insurance scheme to protect depositors should a bank collapse.
China's first payment system development report
The People's Bank of China issued the first report on developments in the country's payment systems on Tuesday. The report reveals the progress, relevant data and the future policy orientation of the payment systems in the country.
Indian cash reserve ratio increase
The Reserve Bank of India, the country's central bank, today left its key interest rates - the repurchase rate and the reverse repurchase rate - unchanged at 7.75% and 6% respectively, but increased the cash reserve ratio.
Geithner: challenges of global integration
Timothy F. Geithner, president of the Federal Reserve Bank of New York, said that there is growing concern in the US about long-term challenges facing the country, such as the perceived shift in the locus of economic growth away from the US toward Asia.
China lifts reserve requirement ratio
The People's Bank of China, the country's central bank, raised the amount that lenders are required to hold in reserve for the ninth time in 13 months.
Paper on reserve accumulation
This paper suggests that while the hoarding of foreign exchange reserves by emerging-market economies could initially be explained primarily in terms of "self insurance" against global shocks, this explanation increasingly falls short.
Fund raises 2007 and 2008 growth forecast
The July update of the World Economic Outlook (WEO) published on 25 July by the International Monetary Fund (IMF) increased the Fund forecast for global economic growth for 2007 and 2008 to 5.2%, from 4.9%.
China's economy not overheating - official
Yao Jingyuan, the chief economist of China's National Bureau of Statistics, says the country's economy is not overheating. Yoa says economic efficiency is improving and "the economic structure is being optimised."
Further rate rise in China
The People's Bank of China has raised its key benchmark bank lending and deposit rates by 27 basis points. It was the third rate hike of the year in the booming economy.
Su heads Chinese central bank's Shanghai office
Su Ning, a deputy governor of the People's Bank of China is to be chief of its Shanghai office. Su succeeds Xiang Junbo, who has been appointed as the president of the Agricultural Bank of China.
Million-dollar-a-minute growth in Chinese reserves
The People's Bank of China accumulated foreign exchange reserves at an average rate of just over $1 million per minute in the first six months of 2007. The central bank said on 11 July that reserves had grown by $266.3bn to $1.33 trillion between January…
China's Wu Xiaoling cool on asset prices
The People's Bank of China, the country's central bank, will not use monetary policy directly to target stock market or real estate prices, deputy governor, Wu Xiaoling, said on 7 July.
Central banker to head Agricultural Bank
The deputy governor of the People's Bank of China, Xiang Junbo, has been appointed president of the state-owned Agricultural Bank of China, to deal with the bank's $99bn in bad debt and take it public.
PBoC continues moderate tightening
The People's Bank of China, the country's central bank, has re-affirmed its decision to tighten monetary policy "moderately" in order to control the growth of lending and investment and prevent the economy overheating.
PBoC upgrades growth and inflation forecast
The research bureau of the People's Bank of China says the country's economy is expected to grow 10.8% this year, the fastest rate in over ten years.
Minister hints at Japanese wealth fund
Japan's Financial Services Minister said on 29 June that the country should debate whether to set up a fund to manage its foreign currency reserves.
Chinense membership of FATF
The Financial Action Task Force has given approval for China to be a full member of the Financial Action Task Force on Money Laundering This is expected to assist the efforts of its banks to expand overseas.
Inflationary pressures building - Fund
Inflationary pressures are "definitely building up" according to Simon Johnson, economic counsellor and director of research with the International Monetary Fund.