Central Banks
Carney hails Canada's 'massive and disciplined' crisis response
Bank of Canada governor, soon to replace Mervyn King at the Bank of England, says stimulus will be withdrawn in Canada 'appropriately as threats diminish'
Maldives annual report finds inflation back in check after 2011 devaluation
Monetary Authority of the Maldives annual economic review describes tough year for the tourism-dependent country, but the dollar-pegged currency is appreciating to the upper end of its band
UK inflation fall takes markets by surprise
Analysts say bigger-than-expected drop in price rises gives Bank of England more room for manoeuvre on monetary policy, but no change is still expected at the next MPC meeting
Fed’s Bullard recommends QE for ECB's next move
St Louis Fed president and FOMC voter says quantitative easing has worked in the US and Japan, and could be made to work in Europe on a GDP-weighted basis
BoE opens up its macro models in push for transparency
Bank of England publishes details of its main macroeconomic models as part of drive for transparency prompted by Stockton Review; models to be adapted and developed to eradicate errors
German banks adopt Step2 for domestic payments
EBA Clearing reveals seven German banks will use the Step2 payments system to process and clear their domestic payments, converting in the second half of 2013
Riksbank risk survey reveals rate-rise fears
Participants in Sweden’s fixed-income and forex markets raise concerns over interest rates rising faster abroad than at home; unemployment data fuels call for a rate cut in the near term
RBA minutes show rate cut decision made in spite of home loans growth
Australia's monetary policy decision-makers judged it was time to use ‘some of the scope' they have to loosen monetary policy, given the steady inflation outlook
RBI executive director sees emerging threats to Indian banking
Deepak Mohanty warns of problems on the horizon, including deteriorating asset quality, high interest margins and the need to build capital buffers
People: MAS’ Menon re-appointed; National Bank of Ukraine gets new board member
Ravi Menon will serve another two-year term at the helm of the Monetary Authority of Singapore; Ukraine's head of forex joins the board; Danish consumer champion becomes central bank director
National Bank of Slovakia issues 2012 annual report
Annual report highlights ongoing macro environment challenges, and deeper involvement in the operation of the Eurosystem
Zimbabwean central bank chief slams ‘reckless’ indigenisation
Gideon Gono asserts his authority over the indigenisation of the country’s banking sector; Standard Chartered still operating despite government threat to withdraw licence
BNM's Zeti calls on Islamic finance to show leadership out of the crisis
The challenge of sustaining momentum of Islamic finance will hinge on its ability to keep raising the bar in effectiveness and soundness, says Malaysian governor
RBNZ releases blueprint for macro-prudential tools
Central bank outlines decision-making process behind macro-prudential intervention; says there is more room for policymaker judgement than in monetary policy
IMF paper proposes measure of tail-risk events
Study seeks to quantify what constitutes a systemic financial stress event, and tests the resulting metrics on 11 early-warning indicators in Europe and the US
National Bank of Denmark details FMI implementation progress
Central bank working with financial market infrastructure providers to ‘interpret and translate’ the CPSS-Iosco principles into a form applicable to Denmark
IMF ‘policy book' tackles Mena central bank challenges
IMF's monetary and capital markets department analyses operational frameworks of Mena central banks, and obstacles to monetary policy; urges Basel III adoption
BoE’s Weale wary of further easing damaging inflation expectations
Martin Weale says recent MPC remit change allows committee more freedom to deviate from inflation target, but reiterates need for the Bank of England to retain credibility on inflation
Fed’s Raskin says fiscal policy is holding economy back
Member of board of governors expects fiscal policy to ‘significantly hinder’ growth this year and remain restrictive going forward, but predicts continued moderate recovery
Italian deputy sees difficulties in macro-prudential policy implementation
Fabio Panetta discusses ways that macro-prudential policies may be circumvented or rendered ineffectual and suggests possibilities for solving these problems
Fed paper says macro-prudential policy is not a new idea
Research studies various macro-prudential policies employed in the past, seeking insights for contemporary policy-makers
ECB’s Praet calls for European austerity review
Executive board member Peter Praet argues that cuts in government investment are damaging long-term economic growth; calls for protection of the vulnerable against tax hikes
Robert Pringle's Viewpoint: Watch what central bankers do, not what they say
Recent speeches by Ben Bernanke and Mark Carney signal a new phase in the development of central bank rhetoric. The big question is whether they preface a change in policy