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Bank's Bean admits QE exit tricky
Charlie Bean, the deputy governor responsible for monetary policy at the Bank of England, has acknowledged that the execution of the Bank's exit strategy for quantitative easing will present the Monetary Policy Committee with a tricky judgment call.
Markets fear US ratings downgrade: Pimco's Gross
The co-head of the world's biggest bond fund has said that that markets are beginning to price in the threat of the United States losing its triple-A rating, which he believes will eventually go.
HKMA's new chief to face a pay cut?
The new head of the Hong Kong Monetary Authority (HKMA), which is to be Norman Chan, will have to take a substantial pay cut, sources said on Friday.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
China should focus on gold not SDRs: Hanke
China would be better off promoting gold rather than special drawing rights (SDRs) as a global reserve currency, a prominent economist has argued.
BoJ notes signs of improvement
The Bank of Japan on Friday was relatively upbeat by recent standards about the country's economic prospects.
Ghana's Acquah emphasises role of social contract
To ensure the safety and security of the financial system, officials must re-commit to the tenets of the unwritten compact that are essential to maintain the confidence and trust of the public, Paul Acquah, the governor of the Bank of Ghana, has said.
Fed wants to stay silent on borrower details
The Federal Reserve will continue to resist calls by lawmakers to name and shame the recipients of central bank aid, Federal Open Market Committee minutes suggest.
Ex-Brazil governor dismisses plan to ditch dollar
Gustavo Franco, a former governor of the Central Bank of Brazil, has said that proposals for China and Brazil to trade in renminbi and reals rather than dollars are "pure idle talk".
Greenspan: we're still on the edge
Alan Greenspan, a former chairman of the Federal Reserve, has warned that American banks need to raise a lot more capital before the financial crisis can end.
Gulf monetary-union plans in tatters as UAE quits
The United Arab Emirates (UAE), the second largest economy in the Gulf, on Wednesday withdrew from plans for a regional monetary union, causing further consternation for the beleaguered project.
UK placed on negative watch on debt fears
Britain's much-cherished triple-A rating was under threat on Thursday after Standard & Poor's, one of the big three ratings agencies, placed the country on negative watch.
RBA on why it kept policy rate unchanged
The Reserve Bank of Australia decided to leave the cash rate unchanged at 3% as there were signs that the economic stimulus that had been applied was supporting demand, according to minutes of the May meeting.
Bank of Latvia - Annual Report 2008
For the Latvian economy, 2008 was a year of radical change, said Ilmars Rimsevics, the governor of the country's central bank in its latest Annual Report.
Sub-Saharan Africa faces severe slump, IMF warns
The International Monetary Fund warned on Tuesday that economies in sub-Saharan Africa were facing a "severe downturn" and called for a strong public-policy response both domestically and internationally.
Basel Committee issues stress-test guidelines
The Basel Committee on Banking Supervision has produced a raft of measures for the sound governance, design and implementation of stress tests.
Fed aids Treasury in toxic-asset removal
To support the Treasury's plan to rid banks of toxic assets, the Federal Reserve on Tuesday said that it will take some mortgage-backed securities on to its books from July.
Firms must adapt to low growth: Bahrain's Al Maraj
Rasheed Al Maraj, the governor of the Central Bank of Bahrain, has said businesses and government will need to adjust to the reality of slower economic growth.
US set for new regulator?
The United States administration is considering setting up a regulator to oversee certain financial products, it emerged on Wednesday.
Basel Committee's Wellink wants burden shared
Nout Wellink, the president of the Netherlands Bank and the chairman of the Basel Committee on Banking Supervision, has said that he is in favour of proposals for supranational supervision in Europe but warned that the issue of burden-sharing was crucial.
Banking crises bring longer downturns
Financial turmoil characterised by banking distress is more likely to result in severe and protracted downturns than crises caused by volatility in securities or foreign exchange markets, new research from the International Monetary Fund posits.
SARB - Monetary Policy Review
The heightened levels of global economic uncertainty are making monetary-policy decisions more challenging, notes the latest Monetary Policy Review from the South African Reserve Bank.
BIS data show derivatives market contracting
The rapid growth of the derivatives market reversed in the wake of the collapse of now-defunct investment bank Lehman Brothers - an event which revealed the fragility of the industry - data from the Bank for International Settlements (BIS) out Tuesday…
Income distribution impacts the economy
Movements in the distribution of income can have a significant impact on the macroeconomy, a new paper from the St Louis Federal Reserve posits.