Articles by Central Banking Newsdesk
Central Bank of Egypt advises banks to close amid continuing protests
Some banks in Egypt close on Sunday and Monday on central bank guidance; Moody’s downgrades country on fears over political situation
EU auditors issue recommendations on ECB recruitment procedures
European Court of Auditors says European Central Bank must provide further documentation of recruitment processes; central bank responds with launch of new recruitment manual planned for end of 2011
Bank’s Weale explains thinking behind vote for hike
Bank of England external rate-setter Martin Weale says fear of higher inflation expectations becoming ingrained is real
Pakistan adopts wait-and-see tack despite high inflation
State Bank of Pakistan, buoyed by improvement in government borrowing, current account surplus, thwarts expectations of rate hike
Bank Negara Malaysia promotes three directors to assistant governor
Malaysia’s central bank appoints Donald Joshua Jaganathan, Abu Hassan Alshari bin Yahaya and Marzunisham bin Omar to assistant governor
Fed, Greenspan blamed for crisis by bulk of crisis commission
Six of ten members point finger at weak regulation and lack of awareness as to the goings-on in markets as causes of the crisis; four dissent, saying under-regulation claims overstated
Thailand’s Trairatvorakul on policy direction in 2011
Bank of Thailand governor Prasarn Trairatvorakul calls for government and private sector to assist in macroeconomic stability in 2011
RBNZ’s Bollard on international and domestic risks in 2011
Reserve Bank of New Zealand governor Alan Bollard identifies key risks to New Zealand economy in 2011
BoJ minutes shows divergence on QE readings
Bank of Japan rate setting minutes show policy board disputed significance of evidence on monetary stimulus programme
Central Bank of West African States close Ivory Coast offices
Ivory Coast offices of central bank shut; interim governor Jean-Baptiste Compaore says attempts to requisition central bank’s offices in violation of monetary union treaty
Fiscal policy bolsters monetary policy: Central Bank of Turkey paper
Central Bank of Turkey study shows sound fiscal policy can help achieve active monetary policy
Paper fault has not damaged business, says defiant De La Rue
Banknote printer insists fault which has hammered share price and fuelled takeover spat with French rival has not blighted business; discussions with RBI “ongoing”
Global supervisors gather at NY Fed for OTC meet
Regulators and supervisors head to Liberty Street for eighth OTC derivatives gathering
Philippines’ Tetangco to get second term: reports
Central Bank of the Philippines governor Amando Tetangco reportedly set to be offered second term at the helm; Tetangco credited with anchoring inflation expectations following recent spikes
HKMA end-of-year review says banking sector resilient
Hong Kong Monetary Authority end-of-year review says banking sector remains resilient; plans to step up regulation of banks in 2011
Korea optimistic on course of recovery
Summary of discussion at Bank of Korea Economic Review meeting shows academics and government officials remained optimistic over country's growth prospects
Wellink calls on Africa to address sifis
Netherlands Bank president Nout Wellink calls on African region to take action against financial institutions that pose systemic threats
Short-time programmes ease unemployment concerns: CEPR study
Centre for Economic Policy Research study says initiatives for short-time work programmes can help reduce unemployment during recessions
Ex-Vietnam governor linked to Securency bribery scandal
Payments from polymer-maker Securency alleged to have been channelled to fund education of former State of Bank of Vietnam governor Le Duc Thuy's child
Central banks break 20-year streak with net gold purchase in 2010
World Gold Council's Fourth Quarter Investment Digest says central bank purchases of gold slightly outweighed sales for first time in 20 years on growing demand for the precious metal
Basel III should aim higher on capital targets: Bank research
Discussion paper published by Bank of England and co-authored by external rate-setter David Miles suggests Basel III common equity requirements are too low
S&P downgrades Japan
Standard and Poor's downgrades Japan by one notch to AA– on fears that aging population places greater fiscal burden on Tokyo
IIF’s Oudéa calls for G-20 taskforce for cross-border resolution
Institute for International Finance’s Frédéric Oudéa says G-20 taskforce will stir up political will for agreement on cross-border resolution
Strong US-Canadian financial linkages: Bank of Canada paper
Bank of Canada study finds strong evidence of spillover effect between financial conditions in the United States and Canada