Articles by Central Banking Newsdesk
BoE rate-setters split four ways once more
Bank of England’s Monetary Policy Committee minutes shows three members continued to vote for rate hikes despite downward revision in fourth quarter of 2010 growth figures
IMFC names Tharman Shanmugaratnam as new chair
Singapore’s finance minister and former central bank head succeeds Youssef Boutros-Ghali, Egypt’s former finance minister
Fed profits soar to record $82 billion
Federal Reserve posts another record profit, trumping 2010 by $28 billion; $79 billion transferred to Treasury
Ireland’s chief regulator gets tough on corporate governance
Chief regulator Matthew Elderfield says poor governance exacerbated by cosy nature of corporate life in Ireland
Barclays shows interest in Maiden Lane II assets: reports
Reports that Barclays may consider an offer for residential mortgage-backed securities held in New York Federal Reserve’s Maiden Lane II portfolio could thwart AIG bid
Hungary revamps inflation report
National Bank of Hungary says enhancements will improve efficiency of monetary policy communications
SSRN paper on reaping benefits of cross-border banking
Social Science Research Network study examines costs and benefits associated with cross-border banking
SNB signs MoU on membership to Bank Council
Federal Department of Finance and the Swiss National Bank sign Memorandum of Understanding on criteria for appointments to central bank’s governing body
Bank’s Cleland: £5 note replenishing scheme “on track”
Bank of England head of banknotes division Victoria Cleland says £5 note replenishing scheme was on schedule but may need to be stepped up
BoJ study on adoption of spread-adjusted Taylor rule
Bank of Japan study lends support to use of spread-adjusted Taylor rules as suitable response to adverse macroeconomic shocks
QE helped boost broad money growth: BoE paper
Bank of England Q1 2011 Quarterly Bulletin says quantitative easing programme helped revive broad money growth during recession
ESRB discusses regulatory division of labour; names external experts
European Systemic Risk Board’s second meeting covers how regulatory responsibilities will be split; Balcerowicz, Brunnermeier and Wyplosz among external experts
US Treasury to offload $142 billion in agency MBS
US Treasury announces plans to wind down portfolio of agency securities bought from beleaguered Fannie Mae and Freddie Mac during crisis; move not expected to impact Fed policy
Hungary selects final two external rate-setters
Hungarian parliament selects two external rate-setters to National Bank of Hungary’s Monetary Council, taking it to full capacity
IMF’s Lipsky warns of widening global imbalances
IMF first deputy managing director John Lipsky says advanced and emerging economies must rethink growth strategies to prevent global imbalances from widening
Trichet urges rules-based approach to excessive deficit reforms
European Central Bank president Jean-Claude Trichet calls for use of strict rules to adhere to excessive deficit reduction procedure
Fund study on inflation volatility in West Africa
Fund study finds evidence of inflation uncertainty in West African Economic and Monetary Union members that experience high inflation
BoE on China’s growth path
Bank of England study says China may prefer a slower path of adjustment than deficit countries to rebalance global economy
FSoC to take ‘flexible approach’ to identifying systemically important financial market infrastructures
US Financial Stability Oversight Council outlines criteria for what qualifies as systemically important financial market infrastructure
Bank’s Bailey stresses importance of forward-looking approach to regulation
Bank of England executive director of banking services, Andrew Bailey, says regulation should be more forward-looking
BoJ split over economic impact of rising commodity prices
Bank of Japan monetary policy minutes show divisions in policy board over seriousness of rising international commodity prices
Korea’s Kim on clash in balance of risks
Bank of Korea governor Choongsoo Kim says combination of strong upside and downside risks makes policy task increasingly challenging
Cyprus’s Orphanides on risk of activist approach to monetary policy
Central Bank of Cyprus governor Athanasios Orphanides warns use of monetary policy to attain objectives other than price stability may be harmful
Norges Bank back in black; sovereign fund yields 9.6% return
Norway’s central bank makes a profit in 2010 following 2009 loss; sovereign wealth fund boosted by equity gains