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News Summary: German central bank sees 2Q gains

POSITIVE SIGNS: Germany's central bank expects the country's economy to improve "markedly" in the second quarter. Germany grew only 0.1 percent in the first quarter in part because cold weather delayed the construction season. Full story

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

WASHINGTON (Reuters) - Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday. Full story

SNB investigating whether Bloomberg accessed user data

ZURICH (Reuters) - The Swiss National Bank said it is investigating whether Bloomberg journalists accessed usage data from Bloomberg Terminals at the central bank. Full story

Prices rise as manufacturing, inflation data weak

NEW YORK (Reuters) - Prices for Treasuries rose on Wednesday after a week of losses, as poor data on manufacturing pointed to lingering weakness in the economy and price pressures remained subdued. Full story

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

LONDON (Reuters) - Debt may be everywhere but there's a scarcity of bonds. Full story

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

AYLESBURY, England (Reuters) - Major central banks did not face calls to do more to boost the world economy when Group of Seven finance officials met on Saturday, European Central Bank President Mario Draghi said. Full story

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Articles

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

Text of the Federal Reserve's statement Wednesday

PIMCO's Gross says central banks trimming returns

Analysis: Boosting European lending without banks

Cyprus central bank defends chief over "simplistic" government allegations

Swiss central bank keeps some gold in UK, Canada

Cyprus further eases limits on money transfers

Fund managers see opportunity in gold's price drop

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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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