Central Banks
Riksbank postpones rate hike on weaker global outlook
Riksbank votes to hold rates at 2% amid concerns over public finances abroad and deterioration in global growth; central bank revises downward repo path
Could the Swiss start a trend?
Robert Pringle discusses the Swiss National Bank's action to limit the exchange rate between the franc and the euro, and asks if others should, and will, follow
Kohn calls for improved transparency for all
Donald Kohn calls for more information from banks; notes “considerable” resources and effort put in by Bank of England to better understand the market
Kazakhstan puts faith in gold
Governor announces central bank will buy entire domestic gold bullion output until at least 2014
Australian regulator moves to implement Basel III two years early
The Australian banking regulator proposes early implementation of Basel III capital and liquidity rules; draws immediate criticism from the Australian Bankers’ Association
Estonia governor race narrows
Supervisory Board cuts two candidates from the running; Ardo Hansson and Andres Sutt continue in battle to become next governor
Sovereign debt crisis reflects lack of confidence in euro: RBA’s Stevens
Reserve Bank of Australia governor Glenn Stevens says fiscal position of European countries risks undermining confidence in euro
Bank-based economies struggle more during recoveries: IMF paper
Fund study shows bank-based economies find it more difficult than market-based economies to recover from economic crises
Fears over Libyan central bank money realised: reports
Multi-vehicle convoy arrives in Niger carrying central bank cash and gold
Central banks’ flight to safety in reserve holdings continues
Reports continue to emerge from around the world of central banks diversifying their foreign currency reserves and adding to gold holdings
Step-up in rate hikes was warranted: RBI’s Mohanty
Reserve Bank of India executive director Deepak Mohanty says tighter monetary policy eased inflationary pressures
NY Fed paper observes pre-FOMC meeting equity drift
New York Federal Reserve study explores what causes US equity markets to move drastically ahead of a FOMC meeting
Expectations matter for interest rates: Norway’s Olsen
Norges Bank governor Øystein Olsen says the effect of interest rate changes varies markedly on market expectations
Hungarian governor requests meeting to discuss loans
Andras Simor wants to discuss ways to help Hungarians struggling under the burden of loans; asked to share ideas on financial stability with prime minister
Serbia reveals new deputy governor
National Bank of Serbia appoints Diana Dragutinović as deputy governor
Thailand's finance minister supports SWF plan
Thai finance minister Thirachai Phuvanatnaranubala urges central bank to consider establishment of sovereign wealth fund to manage foreign currency exposure
Top officials discuss economic gloom in Italy
Key votes reveal lack of confidence in US economic policy and the future of the eurozone
Former chancellor criticises BoE’s King
Alistair Darling accuses Bank of England governor of not recognising the “scale of the problem” the UK faced as the financial crisis took hold
Taiwan denies controlling exchange rates
Central bank issues “clarification” of the “managed floating exchange rate regime” in place in Taiwan
ECB’s Praet highlights importance of Sepa co-operation
European Central Bank executive board member Peter Praet says right balance must be struck between Sepa co-operation and competition