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Bank of Israel may cut rates for second time in a month

JERUSALEM (Reuters) - The Bank of Israel could lower short-term interest rates for the second time this month next week to further weaken the shekel and support exports, although it's a close call, according to a Reuters poll. Full story

Paulsen: 'Trendless, Sideless Market' in Second Half

   A big swing for the markets after mixed signals from the Fed on when the central bank will taper its QE program. James Paulsen, Wells Capital Management, says in the market will digest its gains in the second half of the year.

ECB seeks new tools while Fed toys with exit

PARIS/WASHINGTON (Reuters) - The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs. Full story

Wall Street extends losses, S&P down 1 percent

NEW YORK (Reuters) - Stocks extended their decline on Wednesday, with the S&P 500 falling 1 percent following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to impr Full story

Cyprus central bank sees 'substantial' risks to economy

NICOSIA (Reuters) - Cyprus faces substantial risks to its economic outlook and a forecast recession could be deeper than forecast, its central bank governor said in a prepared speech on Wednesday. Full story

Professor, bank economist to join Swedish central bank

STOCKHOLM (Reuters) - Sweden's central bank on Wednesday appointed a professor of economics and an investment bank chief economist as new members to its monetary policy board, replacing outgoing decision makers Lars Svensson and Barbro Wickman-Parak. Full story

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Articles

Key quotes from BOJ Kuroda's news conference

News Summary: German central bank sees 2Q gains

Central banks saved world economy, now beware the fallout: IMF

SNB investigating whether Bloomberg accessed user data

Prices rise as manufacturing, inflation data weak

Analysis: For all the debt, there's a shortage of bonds

ECB's Draghi says no call for G7 central banks to do more

New Zealand's central bank intervenes in currency

JPMorgan's Saudi chief leaves for central bank job

Little stopping fire sales in key short-term funding market: Fed paper

Video

  Church of Cyprus Archbishop Lawsuit

Church of Cyprus Archbishop Chrysostomos has thrown a wrench in the country's bailout deal, and is suing the head of the central bank and the minister of finance, reports CNBC's Michelle Caruso-Cabrera.

  Central Banks Elephant In Room: Pro

A look at where the markets finished the day and the impact central banks are having on the world economy, with Danielle Hughes, Divine Capital; David Kelly, JPMorgan Funds; Todd Salamone, Schaeffer's Investment Research; Alan Valdes, DME Securities; a...

  Jump Starting Global Growth: Jacob Frenkel

Jacob Frenkel, JPMorgan Chase International chairman, discusses the easy money policies of central banks and provides perspective on where he sees economic mega trends.

  Gross: Central Banks are in 'Driver's Seat'

The Fed Minutes spooked investors Thursday. Meanwhile Bill Gross, co-CIO, founder & managing director of PIMCO, says bond vigilantes are no more, and central banks are in the "masters of the universe."

  Grant: Monetary Revolution Is Devouring Its Children

Jim Grant, "Grant's Interest Rate Observer" editor, explains why central bank easing, ultra-low yields and access to corporate and sovereign credit is creating a "soon to be regrettable situation." "Central banks are going from ease to hyper-ease," he ...

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Related Photos

Julio Velarde, president of the Central Bank of Peru, speaks during an interview at the Reuters Latin American Investment Summit in Lima
Julio Velarde, president of the Central Bank of Peru, speaks during an interview at the Reuters Latin American Investment Summit in Lima

Julio Velarde, president of the Central Bank of Peru, speaks during an interview at the Reuters Latin American Investment Summit in Lima May 20, 2013. A weaker global economy and lower metals prices may lead Peru's central bank to trim its forecast for 2013 economic growth to as little as 5.9 percen

Julio Velarde, president of the Central Bank of Peru, attends an interview at the Reuters Latin American Investment Summit in Lima
Julio Velarde, president of the Central Bank of Peru, attends an interview at the Reuters Latin American Investment Summit in Lima

Julio Velarde, president of the Central Bank of Peru, attends an interview at the Reuters Latin American Investment Summit in Lima May 20, 2013. A weaker global economy and lower metals prices may lead Peru's central bank to trim its forecast for 2013 economic growth to as little as 5.9 percent from

A man walks past the Central Bank of Sri Lanka building in Colombo
A man walks past the Central Bank of Sri Lanka building in Colombo

A man walks past the Central Bank of Sri Lanka building in Colombo May 17, 2013. Sri Lankan shares rose more than 1 percent on Thursday to hit a 1-1/2 year high, with foreigners dominating trading, while retail investors also bought after a fall in interest rates. The main stock index rose 1.06 perc