Central Banks
Richmond Fed details presidential promotions
Regional Federal Reserve makes four promotions to vice presidential level or above
South African Reserve Bank - Monetary Policy Review
SARB report explains that downside risks to inflation from poor output and expenditure figures underpinned rate cuts between May and August
RBA subsidiary chief ousted in graft probe
Managing director of polymer manufacturer Securency stands down as investigation reveals whistleblowers’ bribe claims ignored; offices and homes raided
Norway enables account holders to switch bank in seconds
Finance ministry ruling paves the way for technology that will make Norway the first country to allow customers to change accounts with ease
House committee backs Fed audit bill
House Financial Services Committee backs Ron Paul’s call for greater powers to audit the Federal Reserve; Barney Frank attempts block
ECB’s Bini Smaghi urges emerging Asia to hike rates
European Central Bank executive board member calls on region to recognise that it should be the first to tighten policy
Accounting overstates banks’ health: IMF paper
International Monetary Fund research finds banks not as healthy as their balance sheets suggest
Roth praises SNB’s monetary policy
Swiss National Bank’s Jean-Pierre Roth says the central bank has fulfilled its mandate for the past decade
Turkey trims by quarter point
Central bank sticks to October hints by reducing size of cuts; OECD and government data show growth will pick up but unemployment still high
IMF names new secretary, director of internal audit
International Monetary Fund’s Strauss-Kahn nominates Siddharth Tiwari for director of the secretary’s department of the Fund and Russell Kincaid for director of the office of internal audit
Czech National Bank – November Inflation Report
Monetary policy relevant inflation will be below headline inflation, which is expected to reach just above 2% towards the end of next year
OECD hikes growth forecasts
Paris-based organisation raises its growth forecasts for next year and publishes 2011 expectations, citing the momentum of the recovery in non-members such as China
Opposition leader slams RBNZ’s inflation-targeting focus
New Zealand’s main opposition leader says his party will withdraw support for the central bank’s inflation targeting framework
Bank balances set to stay above pre-crisis levels: Fisher
Bank of England’s markets chief says firms likely to hold higher reserve balances at central bank
Japan government picks academic for BoJ board
Japan’s ruling Democratic party nominates Ryuzo Miyao to the central bank’s rate-setting committee
Euro an anchor of stability: Austria’s Nowotny
Austrian National Bank’s governor says euro-area economic activity could surpass the US
ECB’s Tumpel-Gugerell: rushing euro adoption no fix
European Central Bank’s Gertrude Tumpel-Gugerell says Central and Eastern European countries must fulfil Maastricht criteria to adopt euro
Instability hampers finance: IMF
International Monetary Fund looks at market access for the world’s poorest countries
French regulator refused to help on AIG: Barofsky
Troubled Asset Relief Plan overseer says Commission Bancaire refused New York Federal Reserve’s request for help in reducing payments to counterparties of rescued insurer on legal grounds