Central Banks
RBI’s Gokarn drops more hints of tightening
Reserve Bank of India deputy governor Subir Gokarn among a slew of officials to comment on demands of rising inflation on monetary policy; calls for a staggered approach to exit
Inflation targeting remains relevant
Inflation targeting can and should survive recent criticisms, argues Don Brash, a former governor of the Reserve Bank of New Zealand – the first central bank to introduce the framework
Japan’s recovery to be moderate: Shirakawa
Bank of Japan’s Masaaki Shirakawa cautious on economic recovery
Eurozone lending tightened in October
European Central Bank reports decrease in the growth of credit to the private sector
Exit from extraordinary measures “straightforward”: NY Fed’s Sack
Brian Sack, the New York Fed's markets chief, says creating emergency facilities was harder than withdrawing them will be
Monetary policy in preventing boom-bust housing cycles
Bank of Canada paper argues that central banks should react less to inflation and more to output to avoid making boom-bust cycles worse
Bank of Greece governor to reduce salary by a fifth
Greek governor George Provopoulos will cut his wage as a symbolic gesture against the country’s burgeoning debt problem
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
NY Fed communications head joins Thomson Reuters
New York Federal Reserve’s executive vice president for communications departs for information company
Turkey gets sovereign debt, currency upgrades
Fitch Ratings raises Turkey’s long-term sovereign debt and currency ratings to BB+, taking them just outside investment grade
Fed behaviour matches optimal target rule
A discussion paper on the Fed and monetary policy rules argues that an optimal target rule, rather than the Taylor rule, best explains the central bank’s policy behaviour
US and UK too slow in tackling bubble: BoJ’s Yamaguchi
The Bank of Japan deputy governor says authorities’ task was complicated by the expansion of the shadow banking industry
Bunning labels Bernanke “definition of moral hazard”
Kentucky senator says he will do everything in his power to stop Ben Bernanke winning a second term
China Investment Corporation to invest in Apax: reports
China’s sovereign wealth fund reportedly set to inject in private equity group
IMF backs HK peg weeks after bubble warning
International Monetary Fund says it supports peg; support comes after research paper cites risk of bubbles from currency strategy
China wary of a gold bubble
People’s Bank of China deputy governor says steadily climbing gold prices could decrease the attractiveness of the metal as a reserve asset
Bank of England moots corporate bond sales
Bank of England proposes extension to quantitative-easing programme to cover corporate bond sales in bid to boost liquidity
Debt managers responded to crisis with flexibility
National Bank of Denmark’s Jens Thomsen says debt management offices better accommodate investors’ needs as a result to the crisis
Turkish credit conditions improving
Central Bank of Turkey’s policy minutes show strains in the country’s credit markets are easing
BoE should keep close eye on bubbles: Dale
Bank of England’s Spencer Dale says the central bank’s current policy stance increases the likelihood that asset prices may move out of line with their fundamental values