Central Banks
Clearing and settlement not keeping up: SNB’s Hildebrand
Swiss National Bank’s Philipp Hildebrand says system must develop apace to reflect innovation
Israel becomes first to raise rates
Bank of Israel tightens on signs economy is recovering
Union boss named New York Fed chair
Denis Hughes gets the nod to head board of governors, Lee Bollinger named deputy
Fischer heralds shift to “flexible” inflation targeting
Bank of Israel’s Stanley Fischer tells Jackson Hole audience that inflation targeting will survive the crisis. More downbeat on global imbalances
Hungary cuts to pre-IMF bailout levels
National Bank of Hungary chops half a point off key rate
Canada’s Carney backs price-level target
Bank of Canada’s Mark Carney says maintaining economic stability may require rethink on monetary policy
Fed’s Madigan: five lessons for crisis management
Federal Reserve’s markets chief Brian Madigan says Walter Bagehot’s central tenet remains relevant
Modellers should care what the weatherman says
Norges Bank says macro modellers should seek inspiration from weather forecasters
Chile’s De Gregorio on reform
Central Bank of Chile’s Jose De Gregorio says financial reforms should target incentives of financial intermediaries’ management
Crisis highlighted importance of liquidity: Bernanke
Fed chairman uses Jackson Hole address to stress need for macroprudential approach
Bank of Canada - Summer Review
Bank of Canada publishes the latest issue of its economic review
Bulgaria’s Iskrov re-nominated hours after resignation
Ruling party renominates Bulgarian National Bank governor for reappointment after declaring second term agreed in May illegal
RBA's Stevens sees closer Sino-Australian links
Reserve Bank of Australia’s Glenn Stevens says Australia should pay close attention to China’s economy as these the countries likely to integrate stronger in the future
US budget deficit forecast trimmed
US officials expect the 2009 fiscal deficit to be smaller than originally forecast, after scrapping money earmarked for further bank bailouts
Iskrov quits – for now
Ivan Iskrov, the governor of the Bulgarian National Bank, resigns following political spat over his position, but may soon be reappointed for a second time to serve a second term
BoJ’s Mizuno warns of fragile recovery
Bank of Japan’s rate-setter warns of fragile recovery, given concerns over external demand
Philippines cb ends of easing cycle
Central Bank of the Philippines central bank ends series of interest-rate cuts, signals lengthy pause
BoJ’s minutes from July meeting
Minutes of Bank of Japan’s July policy meeting note that “global economic conditions had stopped worsening”
RBA’s Stevens welcomes “distinctly better” outlook
Reserve Bank of Australia’s Glenn Stevens updates parliament on the economic outlook
Croatia’s Vujcic deputy on “unorthodox” regulation
Croatian National Bank’s Boris Vujcic outlines regulatory approach under euro dominance