Articles by Central Banking Newsdesk
S&P downgrades Bahrain
Standard and Poor’s downgrades Bahrain’s credit rating two notches to BBB amid continued political unrest
Governor of Lesotho’s central bank dies
Governor of the Central Bank of Lesotho Moeketsi Pius Senaoana passes away
Norges Bank - Monetary Policy Report (March 2011)
Norges Bank’s March 2011 Monetary Policy Report says executive board expects earlier rate hike on growing inflationary pressures
Sovereign wealth fund would lessen risk of Dutch disease: Bank of Israel
Excerpt from Bank of Israel’s 2010 Annual Report says establishment of a sovereign wealth fund could mitigate exchange rate risks associated with exporting natural gas
RBI’s Chakrabarty calls for more refined approach to liquidity management
Reserve Bank of India deputy governor Kamalesh Chakrabarty says more sophisticated approach to liquidity management needed to avoid market contagion
Reserve Bank of Australia – Bulletin (March 2011)
Reserve Bank of Australia paper says growth in Australia’s resource sector reflected a sharp rise in global commodity prices
QE crystallised doubts surrounding dollar: US subcommittee speaker
US lawmakers and members of subcommittee on domestic monetary policy say Federal Reserve’s quantitative easing programme has reduced faith in dollar
ECB opines on how euro crisis facility should work
European Central Bank proposes IMF involvement in order to ensure facility does not promote moral hazard
Ireland unveils stress test scenarios
Central Bank of Ireland outlines macroeconomic scenarios for stress test exercise on four banks; results set to be published at end of month
S&P unconvinced by resolution regimes
Rating agency says sovereigns will continue to bail out banks
Ireland’s Honohan pledges to avoid fire sales
Central Bank of Ireland governor Patrick Honohan says country can no longer afford fire-sale losses on non-core bank assets
Fiji’s Whiteside on microfinance challenges
Reserve Bank of Fiji governor Barry Whiteside says poor infrastructure presented challenges in extending financial services into the rural areas
Turkey’s Yilmaz on central banks’ enhanced stability mandates
Central Bank of Turkey governor Durmuş Yilmaz says centralising power for safeguarding stability at central banks places too great a burden on unelected officials
Creditless recoveries not uncommon: IMF paper
Fund study finds creditless recoveries are common and may result from impaired financial intermediation
Zimbabwe told to look to commercial banks for US coin supplies
Contrary to local media reports, Federal Reserve has not made formal arrangement with Harare
BoJ forecasts widespread production declines following earthquake
Report of Recent Economic and Financial Developments says domestic production expected to decline in earthquake aftermath
Crisis reshaping Australian bond market: RBA’s Debelle
Reserve Bank of Australia assistant governor Guy Debelle says regulatory reforms to change Australia’s bond market structure
ECB paper on EMU governance reforms
European Central Bank study says Van Rompuy Task Force proposals are essential to euro area governance framework
RBA minutes: rates on hold as temporary inflation effects dissipate
Minutes of RBA rate-setting meeting says inflationary effects of extreme weather conditions only short term; renewed focus on global inflation risks of higher oil prices
RBI group recommends switch to one-policy rate
Reserve Bank of India group on operating procedure of monetary policy says moving to one rate would be in line with global best practice
US, Japanese regulators investigating UBS over Libor submissions
Swiss bank says subpoenas have been received from three US regulators
Ex-Brazil governor to head Olympic authority
Former Central Bank of Brazil chief Henrique Meirelles tasked with managing preparations for 2016 games, to be held in Rio
Italy’s Draghi warns of expansion in mafia activity
Bank of Italy governor Mario Draghi says presence of mafia organisations in Italy is growing as it looks to take advantage of weakened economy
Buba’s Weber says negative growth effects of Basel III unfounded
Bundesbank president Axel Weber says higher Basel III capital requirements will have positive long-term implications on growth