Central Banks
Corporate debt purchase no longer vital: BoJ
The Bank of Japan’s rate setters say financial conditions improving on the whole, some downside risks remain
Bank of Botswana – Banking Supervision Annual Report 2008
Central bank says banking sector was resilient despite crisis because of limited exposure, but anticipates ‘second-round’ effects
Canada sees more modest recovery
Bank of Canada downgrades growth forecasts slightly, says slack to remain until September 2011
Ireland names new chief regulator
Bermuda Monetary Authority governor will take up senior post at central bank
NY Fed sets out stall on reverse repos
New York Fed communicates workings of possible strand of exit strategy
Gulf officials call for UAE, Oman to rejoin monetary union
Members of the four states still involved in plans for single currency in the Gulf ask UAE and Oman to come back
Ireland hints at IMF intervention in bid to slash costs
Irish health minister Mary Harney suggests IMF will make drastic cuts if the government cannot rein expenditure in
BoE’s Posen backs governor on smashing up banks
Newest member of the Bank of England’s Monetary Policy Committee sees case for limiting bank size “full stop”
Hungary slashes rates for fourth time since July
Hungary’s central bank cuts base rate to 7%, fears inflation will be substantially below target
Israel’s Fischer held in face of calls for second hike
Bank of Israel minutes reveal majority of officials wanted governor to hike borrowing costs for second straight month
Central Bank of Barbados – 2008 Annual Report
Worsening economic conditions contributed to a decline in growth; tourism and manufacturing affected
The link between exchange rates and monetary policy
Bank of Canada paper finds a strong negative relationship between rate setting and exchange rate pass-through
Crisis underlines democracy’s flaws: ECB’s Bini Smaghi
Short-termism inherent in democratic government led to the lax supervisory regimes that paved way for banks’ excesses, says ECB board member
Greenspan: too-big-to-fail didn’t exist until crunch
Former Federal Reserve chairman believed government would allow failure until government-sponsored enterprises were taken into conservatorship
No takers for Canada’s emergency operations
In a further sign that funding strains are easing, the Bank of Canada’s soon-to-be withdrawn emergency operations attract no bids
Ex-Fed’s Stern joins Finra board
Former president of the Minneapolis Federal Reserve to become Financial Industry Regulatory Authority board member
Turkish easing will inject $2 billion
Central Bank of Turkey says loosening of reserve ratio will free up $2.26 billion in permanent liquidity
Trichet calls for fundamental financial-system change
European Central Bank president says industry needs to alter greatly in wake of crisis, says structural reforms necessary
Italy’s Visco on cross-border cooperation
In the wake of the global crisis, Bank of Italy’s Ignazio Visco examines barriers to cross-border collaboration between officials
RBA’s Stevens: downside risks have disappeared
Reserve Bank of Australia’s Glenn Stevens hints at further rate hikes in coming months
Nigeria’s woe signals decoupling not in sight
International Monetary Fund finds developing and emerging markets did not decouple from the United States enough to grow despite significant recession in the world’s largest economy
FOMC sees slack subduing inflation
Federal Open Market Committee says output gap will persist