Articles by Central Banking Newsdesk
We know better now: Canada’s Carney
Bank of Canada governor Mark Carney reviews lessons learnt as the central bank celebrates its 75th anniversary
Argentine governor clings on to job as politicians splinter
Argentine Senate postpones vote on rejecting new governor Mercedes Marcó del Pont to next Wednesday after opposition factions disagree
Rate round-up
Swiss, New Zealand, Korean and Peruvian central banks all opt to hold rates
Household consumption falls in China: RBA
Despite household consumption expenditure in China continuing to rise, the share of household consumption in total expenditure has declined
ECB: current rates remain appropriate
The latest information from the European Central Bank confirms that the economic recovery in the euro area is on track but is likely to remain uneven
Fair value in foul weather
Andrew Haldane draws on Macbeth to explain how financial instruments might be valued in future
UK public’s price expectations moderately rise
GfK NOP survey on inflation attitudes from the Bank of England shows expectations remain stable
Senators table Volcker rule legislation
Bill would ban prop trading for large banks and impose limits for big non-banks
Buba’s Weber dismisses Volcker rule
Bundesbank president Axel Weber says Paul Volcker’s plan will have unanticipated effects and interfere with monetary policy transmission, says sticking with Basel II is best
Trichet keeps open mind on European Fund
European Central Bank president Jean-Claude Trichet says more details must emerge before making a firm decision for or against a European monetary fund
FDIC’s Bair on US housing recovery
Federal Deposit Insurance Corporation’s Sheila Bair cautiously optimistic
The US banking practices falling behind
Boston Fed study urges US to invest more in payments technology to cope with the demands of the digital age
Canada develops own version of the GPM
Model to predict global growth developed in conjunction with IMF
NY Fed’s Sack prepares market for smooth exit
Markets head Sack says tightening cycle “like no other in history”
Canada names Longworth’s successor, deputy Duguay to retire
Bank of Canada appoints special adviser Jean Boivin as deputy governor to fill vacancy created by David Longworth’s retirement, Pierre Duguay also to leave the central bank
SNB reveals Stabfund portfolio
Swiss National Bank says Stabilisation Fund holds about 4,800 positions in five currencies, bulk of assets backed by real estate
SARB will not be nationalised: Treasury
South African finance minister Pravin Gordhan dismisses talk of placing the central bank under state ownership, condemns shareholders’ tactics to force state takeover
RBA’s Lowe latest to dismiss inflation target hikes
Reserve Bank of Australia assistant governor Philip Lowe says IMF paper’s suggestion of raising inflation targets not sensible, says higher targets would damage supply side
SEC chief economist quits for private sector
Securities and Exchange Commission head economist James Overdahl will start as deputy head of a Washington consultancy at the end of March
China to keep up T-bill purchases; cautious on gold
State Administration of Foreign Exchange chief Yi Gang says the country will not rely excessively on gold, adds that political relations with US will not affect Chinese treasury holdings
Kansas Fed heralds more stable banking sector
Stress indicator for financial sector shows further decline in February, moving it closer to its long run average
IMF highlights risks of FX swaps
IMF paper finds that the use of foreign exchange (FX) swaps for funding and hedging purposes is not as infallible as previously thought, especially in periods of market stress
BoE’s Barker on the future of policymaking
Kate Barker draws on her nine years of service at the Bank of England to highlight some of the challenges facing policymakers
BoJ’s Nakamura declares ordinary policy tools redundant
In a high profile speech in Fukuoka last month, Bank of Japan’s Seiji Nakamura tells business leaders that ordinary channels of the transmission mechanism are not working