Articles by Central Banking Newsdesk
Spending and loose monetary policy cause inflation
CEPR looks for an explanation for UK inflation in the 1970s
Inflation targets must be raised: IMF’s Blanchard
IMF economists Olivier Blanchard, Giovanni Dell’Ariccia and Paulo Mauro call for central banks to revise their price growth targets if they want to avoid crippling deflation
China surprises with second reserve requirement hike
People’s Bank of China ups its reserve requirement ratio by 0.5 percentage points to drain excess liquidity from system
Fifty years of monetary policy
Reserve Bank of Australia’s Glenn Stevens and economists Adam Cagliarini and Christopher Kent document the birth of inflation targeting and look to the lessons from fifty years of policymaking
Monthly bulletin (February) – ECB
ECB’s second monthly bulletin of the year shows a shift away from broad money, both into longer-term assets and narrow money
China’s SWF to take control of its portfolios
China Investment Corporation will increase the proportion of investments that are managed in house, says its chairman Lou Jiwei
HKMA in fresh drive to spur yuan trade
Hong Kong Monetary Authority measures promote renminbi bond issuance and settlement
British PM heralds global bank levy
British prime minister Gordon Brown flags growing consensus among leaders on a global bank tax following Obama proposals
India’s Gokarn rules out March hikes
Reserve Bank of India’s Subir Gokarn emphasises that, barring extraordinary circumstances, the central bank will not raise rates before April; central bank cracks down on PayPal
Canada’s Carney sees recovery in business investment
Bank of Canada’s Mark Carney says companies are emerging from the recession
Community banks remain crucial for US economy
Chicago Federal Reserve summarises its conference on the impact of the financial crisis on community banks
New governor for the Bank of Central African States
Former director-general Lucas Abaga Nchama takes over at the top after the firing of his predecessor, Philibert Andzembe, over an embezzlement enquiry and unexplained losses
Monthly report on covered bond purchases – ECB
ECB’s January report shows demand is stronger in primary than secondary markets
Kenya gets first credit-reference bureau
Central bank governor Njuguna Ndung’u says credit bureaux will increase the availability and lower the cost of loans for borrowers
Ghana suited to inflation targeting: IMF paper
International Monetary Fund paper says the country does not suffer problems in credibility, which helps in the inflation targeting framework
BIS’s Caruana: central banks up to stability task
Bank for International Settlements’ Jaime Caruana says crisis highlighted the prominent role central banks should have in financial stability policy
Large shareholders take more risks
Bank of Canada analyses corporate risk taking
Watch money growth like ECB does: Trichet
ECB president Jean-Claude Trichet says the central bank has always considered monetary aggregates in its policy decisions, and urges the rest of the world to do so
Some microfinance rules to mirror banks’: Basel
Basel Committee on Banking Supervision says some of its original principals on effective banking supervision will broadly apply to microfinance with a little tweaking
Inflation targeting the best available option: RBNZ’s Bollard
Reserve Bank of New Zealand governor Alan Bollard says although the method has not always ensured stability, it is better than the alternatives
Bundesbank – Monthly Report (January)
German central bank’s monthly report shows that although the recovery lost momentum at the end of the last year, the process was still carrying on
Fed’s Kohn: don’t underestimate interest-rate risk
Federal Reserve’s Don Kohn says it is crucial interest-rate risk does not undermine the safety and soundness of the most important lenders
Middle East and North Africa’s trade below potential
International Monetary Fund looks at trade constraints in the region
Bank of Japan – Public Opinion Survey
Japanese central bank’s survey on public views and expectations shows more expect further economic woe