Central Banks
QE working, but growth levels to remain anaemic: Bank
Bank of England confident quantitative easing having some impact; more bullish on growth but stresses slack is set to stay until beyond forecast period
Bank of Israel – Third Quarter Inflation Report 2009
Report shows inflation slowed as a result of rate hike
Recovery will be shaped like a tick: Fed’s Fisher
Richard Fisher, president of the Dallas Fed, explained why there would be no V-shaped economic recovery
Senator calls for Fed’s powers to be cut
Chris Dodd, head of the Senate Banking Committee, submits bill demanding reduction in Fed’s supervisory ambit; calls for one overall regulator
Czechs set fixed time for policy announcements
The Czech National Bank will announce monetary policy decisions at 1 p.m. starting next February
King says credit easing not for central banks
Bank of England governor counters calls to target specific markets and industries through quantitative easing, says this is the responsibility of governments
ECB appoints new directors general
The ECB names new heads for information systems and human resources
Norways’s Qvigstad on the art of communication
Norges Bank’s Jan Qvigstad outlines criteria for good central bank communication
Price volatility lower in inflation-targeting countries
Reserve Bank of Australia compares inflation volatility in inflation-targeting and non-inflation-targeting countries
Fed presidents focus on commercial property fears
Atlanta and San Francisco Federal Reserve chiefs echo William Dudley’s warning on commercial real estate
Evaluating monetary policy
Risksbank’s Svensson on the difficulties of measuring the right rate for inflation targeting
Multilaterals define systemic importance
Report suggests an initial framework that can be adapted by individual countries
Fed’s Tarullo warns against another Glass-Steagall
Fed governor Daniel Tarullo says split between investment and commercial banking would do little to abate too-big-to-fail problem
Fed poll positive on lending standards but demand still weak
The Federal Reserve’s loan officer opinion survey shows demand for loans in most areas is still weak ; proportion of banks tightening lending standards declining
Swiss stability maintained through tighter regulation: SNB board member
Thomas Jordan, a member of the Swiss National Banks’ governing board, also says record low interest rates could lead to excessive behaviour in mortgages and real estate again
Record profits for Norway’s Government Pension Fund
Third-quarter returns for Government Pension Fund – Global came to 13.5%
Tuma pulls out of EU race
Zdenek Tuma commits to Czech National Bank after political parties split on nomination
Morocco to cap reform with price target
Governor tells CentralBanking.com that Bank Al-Maghrib is preparing to adopt inflation target
Interview with Abdellatif Jouahri
The governor of Bank Al-Maghrib talks to CentralBanking.com about the success of the country’s financial reform efforts