Articles by Central Banking Newsdesk
ECB’s Tumpel-Gugerell defends fair-value accounting
Gertrude Tumpel-Gugerell says fair-value accounting standards must be upheld despite amplifying crisis
Fed audit clause unanimously approved for reform bill
US lawmakers vote 96-0 in favour of including controversial amendment to audit the Fed in financial sector reform bill
Estonia poised for euro entry, exports lead recovery
Bank of Estonia sees output helped by export upswing the day before Brussels decides on euro accession
IMF: fiscal prudence pays in emerging markets
IMF study shows that an improving fiscal position improves sovereign debt grading and reduces financing costs in emerging-market economies.
Norges Bank: Financial Stability Report
Norges Bank’s bi-annual Financial Stability Report shows a positive outlook for the Norwegian economy despite instability in Europe
Kenya: Bank Supervision Annual Report 2009
Kenya’s Supervision Annual Report 2009 shows the banking sector in Kenya grew by 14% despite global slump
Bank of Canada launches new commodities index
Bank of Canada replaces old fixed-weight measure with new Fisher chain index of Canada’s commodities market
RBA: emerging Asia behind inflationary pressures
Reserve Bank of Australia says growth in emerging Asia is adding to inflationary pressures at home in its Monetary Policy Statement
BoJ minutes: Exports gain as interest rates remain on hold
Bank of Japan minutes shows the Bank of Japan left rates on hold as evidence of an export-led recovery strengthens
Bernanke: happiness is relative
Federal Reserve Chairman Bernanke sets out his view on the economics of happiness and the Easterlin paradox
IMF: Larger long-term credit facilities needed in WAEMU
IMF study shows more investment in longer term projects in West African Union countries will enhance returns
Philly Fed's Plosser: Fed acted on contagion fear
Philadelphia Federal Reserve's Charles Plosser says swap lines were re-opened on concern over impact of eurozone debt crisis on US banks
SNB’s Hildebrand vows to fight franc appreciation
Swiss National Bank chief Philipp Hildebrand says the eurozone’s debt troubles will not be allowed to trigger deflation in Switzerland
Ex-governor Fraser knocks RBA’s rapid hikes
Former Reserve Bank of Australia chief Bernie Fraser says central bank has been too eager in its rate hikes given the European debt crisis and its potential impact on growth worldwide
IMF: allowing assets to run to maturity best exit strategy
IMF study on Japan’s experience of quantitative easing shows best exit strategy is to allow asset purchases to run to maturity
Banks should not rely on CDS spreads for credit risk
National Bank of Belgium study highlights a number of shortfalls in policymakers’ use of CDS spreads as an indicator for bank risk
Bernanke on the success of stress testing program
Federal Reserve chairman Ben Bernanke says stress testing helped return credibility to banking sector
Canada’s Murray: commodity boom and bust avoidable
Bank of Canada deputy governor John Murray says commodity market volatility can be eased with sensible policies
Fed’s Hoenig calls for counter-cyclical leverage ratio, slams Basel requirements
Hoenig calls for change in regulatory approach to bank lending by ditching Basel II approach in favour of ceiling on leverage
Norway’s wealth fund profits again
Norges Bank’s Government Pension Fund-Global returns just under 4% for first quarter of 2010, outperforming benchmark once again; fund will set up Singapore office to strengthen Southeast Asian presence
Rate round-up: Czech National Bank cuts on eurozone woe
Romania and Iceland also loosen; Australia, Peru and Norway raise rates by 25 basis points, Egypt and Indonesia hold
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
Sovereign troubles will drag banks down: Moody's
Ratings agency says sovereign downgrades in the southern eurozone could lead to decline in banking sector, further spending cuts will exacerbate problem
IMF: inflation targeting the next step for emerging economies
IMF study makes strong case for adoption of inflation targeting in emerging economies