Official Record
Cape Verde aims to keep euro peg credible
Maintaining the Cape Verdean escudo’s peg to the euro is the central bank’s ‘main concern’; setting policy to stabilise its international reserves and – in turn – the peg
Kuwaiti central bank details triumvirate of stress tests
Central Bank of Kuwait releases annual report; details its three-pronged approach to stress-testing the country’s banks
Bullard says US government should scrap CPI inflation targeting
The St Louis Fed president believes switching to the Fed's PCE measure would provide clarity to the public about which measure more accurately reflects consumer price inflation
Palestinian annual report highlights infrastructure progress
Palestine Monetary Authority details successful projects completed in 2012, including the introduction of the region's ‘most efficient’ RTGS system
Slovenian stability review scolds ‘inactive and irresponsible' bank owners
Slovenian banks are squeezed by increasingly expensive wholesale funding and heavy exposure to an anaemic corporate sector, stoking fears of 'systemic risk' at the central bank
Nigeria's financial system stable despite major challenges
A handful of lenders continue to dominate the country's banking industry, but asset quality and capitalisation levels ‘improved significantly' last year, according to the central bank's latest stability report
Brazil minutes show Copom fears long-term effects of weaker currency
In the short term, the committee felt the depreciating real would cause a ‘natural and expected correction in relative prices', but its longer-term effects should be combated
Curacao and Sint Maarten banks hit with ‘credit freeze’ in 2012
Central bank prevented banks from extending new loans after failing to control the islands’ rapid credit growth through more conventional measures
BIS international banking stats show advanced and emerging market divergence
Claims on banks in advanced economies continued to fall in the first quarter of 2013, while in emerging markets they bounced back
Gilt yields rose by 50bps across the yield curve in Q2, BoE report shows
The increase reflected in part a rise in sovereign bond yields across a number of developed countries
US construction slides, despite good accounts in Fed’s Beige Book
The number of new housing projects started fell unexpectedly by almost 10% in June; Federal Reserve districts reported an increase in construction and real estate activity during period
Central Bank of Trinidad and Tobago releases 2012 annual report
CBTT annual report reviews efforts by central bank to promote economic recovery and resolve failed financial institutions
ECB monthly bulletin explains forward guidance
ECB's July bulletin sets out the thinking behind forward guidance, emphasising it is 'fully consistent with the ECB's mandate and monetary policy strategy'
Challenges remain despite 'calmed' markets, says National Bank of Austria
Financial stability report published on Monday shows Austrian growth stalled in the second quarter of 2012 following a concurrent decline in demand for bank loans and a tightening of credit standards
New York Fed's Dudley says ‘much more' to be done to ensure financial stability
Central bankers and regulators must remain vigilant for ‘symptoms of instability', says Dudley, who admits the task of ‘securing financial stability will never be truly complete'
Chile central bank warns of volatility on US QE withdrawal
Latest monetary policy and financial stability reports say economy and banks remain on the right track, but ‘tapering' from the US Fed could cause volatility in the Chilean financial markets
Denmark's Rohde unconvinced of need for bank activity separation
Common rules on recovery and resolution, and higher capital requirements are what the European banking sector needs for greater stability, says National Bank of Denmark governor
Sri Lankan central bank defends GDP figures
Central bank hits back at accusations of overstated growth figures in latest annual report; insists it follows international best practices
RBNZ unveils 2013-2016 ‘statement of intent'
New Zealand central bank intends to make better use of a wider range of communication tools, as well as beefing up its macro-prudential toolkit
Reserve Bank of Fiji turned to unconventional monetary policy in wake of last year’s ‘devastating’ floods
Central bank forced commercial banks to lend to agriculture and renewable energy sectors; provided funds to affordable housing projects
Central banks showing interest in renminbi assets, RBA article says
Article highlights continuing gradual move to liberalise trade in renminbi; notes many central banks have made Chinese investments, but says renminbi not yet an official reserve asset
RBA minutes reflect uncertainty over US and Japanese policy
Minutes of the June monetary policy meeting show uncertainty over effects of Japan’s easing and a possible slowdown of US policy; non-mining sector remains ‘subdued’
EBA prepares for impact of single supervisory mechanism
Annual report for 2012 shows the European Banking Authority grew rapidly to meet the demands of a widening stability mandate, which will include working with the eurozone’s SSM
BoJ minutes show concern over bond market pressure ahead of QE taper
Members at the May meeting of the Bank of Japan’s policy board agreed on the need for a ‘flexible’ approach to bond purchases as fears over the end of QE in the US push up long-term rates