Articles by Central Banking Newsdesk
Greece not looking to bond markets for now: debt chief
Greece’s new head of public debt management says the country will not rush to tap sovereign debt markets; austerity package with extra cuts sends yields plummeting
Nigeria slashes deposit rate to ease lending
Central Bank of Nigeria knocks 100 bps off deposit rate and extends quantitative easing programme to promote lending to the real sector
Fernández’s central bank raid finally succeeds
Hours after admitting defeat on emergency decree, President Fernández plunders central banks reserves through new measures
BIS on the origins of macroprudential
Bank for International Settlements research traces the etymology of macroprudential, noting that it has become a buzzword in the aftermath of the crisis
Merge G20 and IMF: Norway’s Gjedrem
Norges Bank governor Svein Gjedrem calls for the two bodies to be combined, and underpinned by principles that mean all countries, irrespective of size, have their voices heard
Philadelphia Fed appoints new VPs
Central bank shifts roles after senior vice president Richard Lang announces decision to step down
Bank of England – Agents Summary of Business Conditions (February)
Bank report on public opinions with regards to economic conditions and the ongoing recovery shows most people in the UK were feeling definite effects of a pick-up, although it remained slow
Australia hikes on further evidence of recovery
Reserve Bank of Australia raises cash rate to 4% as Stevens says economy in the clear
Discretionary policy with Calvo pricing: Kansas Fed paper
Kansas Fed research shows that sticky price models, such as the Taylor and Calvo variants, are not identical, and can have important policy implications
Fed’s Duke on lending to small business in the US
Duke optimistic of recovery in lending in 2010
Slaves of defunct economists
European Central Bank’s Lorenzo Bini Smaghi revisits Keynes
The simulation of inflation forecasting
IMF research asks how useful is a simple Phillips Curve in simulating inflation forecasting in real time in Germany, the UK, and the US?
Turkey – February 2010 rate minutes
Committee flags improving credit markets and rising inflation
Argentine president drops efforts to plunder reserves
President Fernández abandons plans to raid central bank’s coffers to repay national debt for now
Last survivor of Bretton Woods dies
IMF managing director calls Jacques Polak an “iconic figure”
UK FSA’s penalties policy could see enforcement fines treble
British regulator’s announces new structure for penalty-setting
NZ makes credit ratings mandatory for non-banks
Governor Alan Bollard deems ratings useful for investors
Real-time output gap estimates unreliable: ECB paper
European Central Bank paper finds that real-time estimations of the difference between actual and potential GDP cannot be trusted in several respects
IMF should have come to emerging markets’ rescue: DSK
International Monetary Fund managing director Dominique Strauss-Kahn says it should have been the Fund, not the Fed and other central banks, which provided swap lines to emerging markets in the crisis
Macklem named Canadian senior deputy
Tiff Macklem to move back to central bank to take on role vacated by Paul Jenkins
MPC’s Miles leaps to the defence of QE
Rate-setting committee’s external member David Miles says the Bank’s asset purchase programme has shored up the private sector despite focus on gilt purchases
Bank of Japan – Financial Markets Report
Japanese central bank’s report says Dubai crisis shed light on sensitive investors still were, notes that while accommodative policies soothe some market players, others worry about flows to emerging markets
Real-time activity index shows depth of recession
Philadelphia Fed paper constructs index of real-time macroeconomic information, showing that the recent recession was defined by its severity relative to its length
Singapore moots expanding deposit guarantees
Monetary Authority of Singapore proposes extending scope and limit of deposit protection as it nears exit from an emergency guarantee adopted at the height of the crisis