"UPDATE: Former PBOC Adviser: China Should Be Cautious On Euro-Zone Bond Buying" from Wall Street Journal

"Hu Takes Confident Tone on Inflation" from Wall Street Journal

"The People's Bank of China said Friday it would lift the reserve-requirement ratio - the share of deposits that banks must keep on reserve - by half a percentage point. The move, effective Jan. 20, follows six such increases last year, and two interest-rate increases since October."

"High China Interest Rates to Control Inflation" from Financial Feed

"State council's Development Research Center researcher Ba Shusong said the latest rate increase is aimed at reining in inflation expectations and narrowing the gap between gains in consumer prices and savings rates. The target is a one-year deposit rate of 2.75%, 4.55% for five years as opposed to November's 5.1%. Stocks' November Shanghai Composite Index went up to 11% benchmark selloff and jumped to 2.9% on Dec.13.

"NZ economy in surprise drop" from South China Morning Post

"The currency fell as rising risks of a recession bolster the case for central bank governor Alan Bollard to keep interest rates unchanged until at least the second quarter next year."

"China's central bank announced Saturday that it will raise the one-year lending and deposit interest rate for the second time this year, as the government continues its battle against surging prices." from Xinhua

"However, Lian said China only has room for two or three rate hikes, as higher interest rates would increase risks of "hot money" inflows due to a widening interest margin between China and the United States, which is likely to keep rates low."

"PBOC To Use Interest Rates, Variable Reserve Ratios To Curb Inflation" from Wall Street Journal

"China's "prudent" monetary policy stance in 2011 - a shift from the moderately loose stance it has been following - will also incorporate credit and liquidity controls, and market operations, Hu Xiaolian, vice governor of the People's Bank of China, said at a recent conference, according to a statement on the PBOC's web site Friday."

"Interest rates left unchanged in South Korea and New Zealand" from South China Morning Post

"Thailand unexpectedly raises rates to fight inflation" from South China Morning Post

"Bangkok: Thailand unexpectedly raised interest rates for the third time this year, signaling policymakers view inflation as a bigger threat than slowing growth." 

"China's central bank Friday announced the third increase of the reserve requirement ratio (RRR) for banks in a month to curb runaway lendiing amid accelerating inflation." from China Business News

"China PBOC Won't Offer 3-year Bills Tomorrow as Demand Wanes" from Bloomberg Businessweek

"The people's Bank of China won't sell three-year bills in tomorrow's open-market operations amid cooling demand from banks, which are demanding higher yields."

"UPDATE: China PBOC Expands Yuan Settlement Trial To 67,359 Exporters" from Wall Street Journal

"Bonds Jump Most in 21 Months as PBOC Tackles Cash Shortage: China Credit" from Bloomberg

"China's bonds rallied the most in almost two years last week as policy makers pumped funds into the financial system, easing a shortage of cash after banks were ordered twice last month to set aside more money as reserves."

"Russia buying Canadian dollars, eyes other currencies" from South China Morning Post

"Moscow: Russia has started adding the Canadian dollar to its international reserves and may increase those holdings in coming months, said Alexei Ulyukayev, first deputy chairman of Russia's central bank."So far, the amounts are very small, but there's perhaps potential for increasing our holdings," Ulyukayev said. Russia aims to diversify its reserves, the world's third-biggest, and promote the use of regional currencies in international trade and finance to reduce risks posed by US dollar. It has said it also plans to increase gold holdings and may consider including other currencies, including the Australian dollar."