Central Banks
China should adopt new intermediate target for monetary policy, say IMF economists
Economists at the IMF analyse demand for money in China and conclude the PBoC would be better off targeting interest rates in the economy rather than monetary aggregates
Central bankers give mixed review of BoE forward guidance
One third of respondents to CentralBanking.com poll say the Bank of England’s second phase of forward guidance is an admission that its first attempt was a failure
IMF moves to unshackle programme countries' monetary policy
The Fund's move towards more flexible conditionality in support programmes is part of a bigger push, but some say it does not go far enough
BoE's Cunliffe warns of 'sustained and powerful pressure' on UK house prices
Deputy governor for financial stability says it would be 'dangerous to ignore momentum in housing market' and cautions that new prudential measures have yet to be tested
Inflation rebound eases pressure on ECB
An increase in annual inflation and an improving credit outlook will help ease the pressure on the European Central Bank governing council, which meets in Brussels next week
Fed slows asset purchases to $45 billion a month
Growth in economic activity has picked up recently, after having slowed sharply during the winter in part because of adverse weather conditions, the FOMC notes
BoE's Haldane says time is right to review MPC schedule
Bank's head of financial stability and soon-to-be chief economist says his views on financial and regulatory matters ‘aren't going to disappear'
Yellen promises ‘tailored' regulation for community lenders
Fed chair says regulator will become ‘smarter' in applying rules to ensure smaller lenders can thrive, while still addressing ‘too big to fail'
IMF $17 billion rescue package will see Ukraine head towards IT regime
Ukraine's central bank will, with IMF help, transition to an inflation targeting regime in mid-2015 as part of a $17 billion rescue package agreed last night
Cœuré sees ‘limited’ case for central bank cooperation
More cooperation between central banks would not have produced especially different policies in the wake of the financial crisis, according to ECB’s Benoît Cœuré
Hungary tightens bank forex funding rules
Hungary's central bank aims to smooth out maturity mismatches between long-term foreign exchange loans and the short-term funding banks use
Poland still has euro doubts after decade in EU
The National Bank of Poland could need two years to make technical adjustments before the country can join the eurozone; ERM II presents another hurdle
Pakistan governor sets out communications ‘revamp’
State Bank of Pakistan’s Wathra says the central bank will be updating its website to make it more ‘transparent’ as well as running workshops for local journalists
Ingves says job of supervisors just beginning as Basel III nears completion
As the Basel III rules approach completion, the job of implementing the regulatory framework is only just beginning, Stefan Ingves says
Bank of England launches review of MPC transcripts policy
Bank of England commissions former Fed governor Kevin Warsh to review practice of destroying records and assess the costs and benefits of publishing meeting transcripts
Fed nominees close in on board member jobs
Stanley Fischer on track to become Yellen's number two after he and fellow Reserve board nominees Lael Brainard and Jerome Powell are given the nod by Senate committee
Bundesbank’s Dombret unperturbed by rising house prices
Andreas Dombret says prices are still tied to fundamentals in German economy, though he would be more concerned if lending began to rise alongside house prices
Fixed income drives Q1 returns for Norway SWF
Norway's huge sovereign wealth fund earned a 1.7% return in the first quarter of this year, with all asset classes solid if unspectacular
People: Bank of Russia replaces retiring deputy; Subbarao goes to Singapore
Bank of Russia appoints two to replace retiring deputy governor Golubev; former RBI governor takes visiting fellowship at National University of Singapore; and more
UK and Dutch central banks set out capital plans
The Bank of England finalises plans to implement CRD IV after public consultation; Netherlands Bank looks to impose additional capital buffer on four systemic banks
ECB turns attention to single card payments area
Card payments are lagging credit transfers and direct debits when it comes to harmonisation across the eurozone; ECB calls for "considerable efforts" to rectify this
MAS review examines Singapore's economic prospects
Monetary Authority of Singapore releases latest edition of half-yearly Macroeconomic Review, featuring articles on global economics and Singapore's economy
Colombian interbank oligopoly requires new monetary policy transmission model
The domination of Colombia's interbank market by a few large players means traditional models cannot predict how monetary policy, and financial crises, will be transmitted