Central Banks
Saudi inflation expected to fall below 3% in 2014
Country's cost of living index peaked at 4% last April before inflationary pressures in the transport and restaurant sectors abated during second half of the year
Fed publishes FOMC transcripts from 'crisis year' 2008
Transcripts of FOMC meetings from the year Lehman Brothers went bust reveal thinking behind exceptional monetary policy decisions
Iceland governor must re-apply for post as government mulls central bank shake-up
Ministry of finance says decision to review central bank's governing structure means it will advertise for applications for governorship; media speculate that political motives play a part
Forex loans helped Hungarian firms invest more - until the forint fell in the ‘great recession'
Working paper finds Hungarian firms that borrowed in foreign currencies invested more before the crisis, but experienced a negative balance sheet effect thereafter
IMF praises ‘dramatic’ turnaround in Spanish bank sector
Final report on Spain’s financial sector reform programme says ‘steadfast’ implementation paid dividends, but warns of a number of alarming trends still prevalent in the financial sector
Study finds support for Reserve Bank of Fiji's targeting of overnight policy rate
Working paper uses quarterly data for a 10-year period, 'comprehensively estimating all potential money demand equations within the ambit of monetary policy'
People: Bank of Spain bolsters supervisory staff; ECB advertises two more SSM posts
Bank of Spain fills two supervisory roles with internal promotions; ECB looks to hire two more deputy directors-general for SSM
Euribor rate-setting improvement ‘substantial’, say regulators
EBA-Esma report finds European benchmark setter has made ‘significant progress’ towards correcting previous governance failures, but six of 10 areas require further work
Central bank independence is 'oversold', says Cargill
Thomas Cargill, chair of the AEA's session on central bank independence, says rules-based approach first advocated by Milton Friedman is 'far more important' for price stability
Prasarn says Thailand still unsure of CCP viability
Thai governor says emerging markets need more time to assess whether creating central counterparties would bring the ‘intended benefits’ without ‘undue consequences’
Price-setters still expect Sarb to miss inflation target
The South African Reserve Bank has succeeded in persuading analysts it will keep inflation within its target band, but price-setters' expectations remain higher
Kazakhstan aims for hat-trick in banknote beauty parade
The International Bank Note Society judges newly issued banknotes on aesthetic and security grounds; Solomon Islands among those aiming to wrest crown from the Kazakhs
Home repossession rules explain Europe's divergent debt profiles, paper finds
Discussion paper published by the Deutsche Bundesbank says differences in legal processes explain the ‘striking differences’ in debt profiles of each eurozone country
Sanusi exiled from Central Bank of Nigeria
Nigerian president Goodluck Jonathan suspends the central bank governor for financial recklessness; Sanusi says he will fight the suspension but accepts his days are numbered
Fed's Bullard wants more research into what drives labour market participation
St Louis Fed president concludes the existing literature suggests demographics are behind most of the decline in participation, but calls for more detailed work on household participation decisions
People: Slovakia puts financial markets head on the board; director re-appointed to the UK's PRA
The National Bank of Slovakia's executive director for financial markets has joined the central bank board; Charles Randell re-appointed to the Bank of England's PRA; and more
RBI and IMF clash over pace of tightening
Staff report from the International Monetary Fund calls for ‘significant increases’ in policy rates, but the central bank is reluctant to cut off the economic recovery
Robert Pringle's Viewpoint: The eurozone’s unfinished business
Economic adjustment and financial sector reform must go hand in hand – with the ECB due to play a central role
G-20 governors should co-ordinate exit, says IMF
Fund recommends greater co-ordination of monetary policy as well as negative interest rates at the ECB and devaluations in emerging markets, in report to G-20
Flug fears advanced economies will leave Israel behind
Bank of Israel governor notes gap between GDP per capita in Israel and US was close to 50% in 2011 and is expected to remain 'more or less the same' – a 'clearly troubling picture'
Central Bank of Chile cuts rate again as currency remains at five-year low
Bank lowers benchmark rate by 25 basis points to 4.25% and hints at further cuts in coming months, but analysts warn currency weakness and drop in copper exports should not be ignored
UK Supreme Court throws out $6.5m fraud case against Central Bank of Nigeria
The UK Supreme Court today accepted an appeal from the Nigerian central bank, which was accused of facilitating a $6.5m fraud in 1986