Articles by Central Banking Newsdesk
We won’t ban prop trading: British Lord
British business secretary Peter Mandelson says Volcker rule is “too difficult” even as Washington works to turn it into law
Argentine Senate set to reject governor
Central bank set to be leaderless again after committee vote against Fernández ally
Norges Bank sees $1.28 billion loss
Norwegian central bank says deficit the result of the appreciation of its currency; cannot transfer funds to the country’s Treasury as a result
Malaysia hikes as recession ends in emerging Asia
Bank Negara Malaysia raises its key rate by a quarter percentage point, citing stronger than forecast growth results in emerging Asia
Stimulus is not the bulk of debt: Fund’s Lipsky
International Money Fund first deputy John Lipsky says underlying increases in spending and lower taxes from financial sector underpin the debt burden, rather than stimulus
Ghana’s Amissah-Arthur explains early 2009 hike
Bank of Ghana governor Kwesi Bekoe Amissah-Arthur says the West African country’s government has made vital progress in cutting spending, allowing key rates to be lowered
Bank of Korea – International Investment Position (end 2009)
Preliminary figures from the Korean central bank show that the country’s investment overseas soared in value, foreign investment in Korea also increased
Risks influencing loan rates: Bank of England paper
Bank’s external monetary policy unit research shows loan size is not the only variable affecting rates, says higher income individuals are treated better by lenders
Fed’s Fisher: break up the big banks
Dallas Federal Reserve’s president gets tough on those deemed too big to fail
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”