Central Banks
Social capital aids stakeholder orientation
Norges Bank says banks located in communities with high social capital have a higher probability of survival
Bank split on QE extension, governor outvoted
Minutes show Bank of England’s Monetary Policy Committee voted six-to-three in favour of £50 billion extension. Others in favour of extension to £200 billion
Ghana appoints former finance deputy to replace Acquah
Bank of Ghana’s governor Paul Acquah to step down in September
Nigeria names and shames debtors
Central Bank of Nigeria list names some of the country’s richest people
RBA’s Edey: don’t push banks into the shadows
Reserve Bank of Australia’s Malcolm Edey on getting the balance on tougher regulation right
Italy’s Draghi on tax evasion
Bank of Italy’s Mario Draghi on the importance of reducing tax evasion
Turkey cuts to fresh low
Central Bank of Turkey chops a half point off key rates, indicates further cuts to come
Chile rate cuts compensate for commercial charges
Central Bank of Chile looks at the evolution of consumption and commercial lending rates
Angola says no devaluation in sight
Central Bank of Angola’s deputy governor says the central bank will withstand “speculative drive” to devalue the kwanza
Peru’s Velarde’s plays down BRIC currencies
Central Reserve Bank of Peru’s Julio Velarde on the future of the international monetary order
Turkey’s Turhan: globalisation needs legislative underpinning
Central Bank of Turkey’s Ibrahim Turhan on global economic order
China not sheltered from subprime
International Monetary Fund says China’s stock market is affected by the US subprime crisis
Fed extends Talf programme
The Federal Reserve extends key loan facility for asset-backed securities, soothing market concerns
UK delivers inflation surprise
United Kingdom’s July inflation figures show prices rose more than expected, but sharp decline predicted in coming months
Weber and Sanio fight back on HRE rescue
Bundesbank’s Axel Weber and BaFin’s Jochen Sanio say they did not mislead the public in the rescue of Hypo Real Estate
Northern Rock drops debt repayment
Northern Rock drops payment on part of its subordinated debt
Sri Lanka shocks with rate hold
Central Bank of Sri Lanka surprises market with unchanged rates
South Africa to implement new reserves policy: Guma
South African Reserve Bank’s Xolile Guma on central bank’s role as wealth managers
Zambia’s Fundanga: media key in monetary policy
Bank of Zambia’s Caleb Fundanga says media critical in the successful execution of monetary policy