Central Banks
RBI 'forfeiting monetary policy discretion' in bid to keep rupee in check
Governor Duvvuri Subbarao says India is caught in an 'impossible' trilemma, forcing the bank to maintain rates in spite of sluggish growth and ebbing inflation
RBA governor hints at additional easing
Glenn Stevens says Australia's inflation outlook may afford some scope to ease policy further if needed to support demand
HKMA deputy says QE taper to bring ‘immense shocks' to markets
Eddie Yue slams advanced economies' ‘unprecedented' accommodative monetary policy for creating global imbalances and fuelling Hong Kong asset prices
Reserve Bank of Malawi paper finds central bank ‘leans against the wind'
Researchers from Malawi's central bank find interventions in the currency market have been associated with high volatility but have helped to stabilise the kwacha since 2003
Bank of Albania governor says banking is country's 'greatest driver of growth'
Ardian Fullani added that European integration was the best way to withstand the current crisis and guarantee stable economic growth in the long term
ECB's Cœuré and Asmussen call for published minutes
Public account 'should include who voted for what, and the reasoning behind that vote', say executive board members; move would bring ECB in line with other major central banks
Peru's congress axes central bankers one week after appointment
New directors at the central bank are among recent government appointees who have been rejected following street protests
San Fran research links unemployment to business uncertainty
Research produced by the San Francisco Fed finds that business uncertainty over economic policy is an ‘important factor’ behind the persistent levels of unemployment in the US
Kuroda says QQE is ‘right on track’
Bank of Japan governor believes QQE has already prompted a ‘favourable turn’ in the financial markets and real economy; hopes improved sentiment will translate to demand
Libyan governor and deputy jobs up for grabs
General National Congress invites applications for the top two roles at the Central Bank of Libya; governor Saddek Elkaber only two years into a five-year term
Forex intervention unlikely to affect inflation expectations in the long-term, paper shows
Exchange rate intervention programmes in Chile in 2008 and 2011 had disparate effects on inflation expectations, according to new research by the country's central bank
People: Shirakawa returns to teaching; Bank of Ghana gets new deputy governor
Masaaki Shirakawa takes up position at a private university in Tokyo; Abdul-Nasirhu Issahaku called on to bring World Bank experience to Bank of Ghana; Rod Carr appointed to chair RBNZ board
LTROs ‘major' boost to eurozone liquidity, research shows
Paper explores the excess liquidity environment in the eurozone and examines market risk appetite, focusing on peripheral Europe
Central Bank of Somalia slams allegations of corruption
UN monitoring group accuses institution of allowing private individuals to steal $12 billion of public funds; central bank hits back against 'unsubstantiated' claims
IMF endorses Fed monetary policy in Article IV report
Staff report highlights risks associated with exit, including negative impact on the Fed's balance sheet, which could cause a political 'backlash'
Top diplomat wins race to replace Tucker at Bank of England
The UK's EU ambassador will take over responsibility for financial stability at the bank after Paul Tucker starts a teaching job at Harvard in October
MAS to lend Singapore dollars against JGBs
Monetary Authority of Singapore and Bank of Japan strike cross-border collateral arrangement; MAS looking to make it easier for banks to manage their liquidity needs
Hungarian paper breaks down components of finanical market indicators
Working paper presents a method for separating the global, regional and country-specific components in market indicators
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
Consumers' inferior bargain position ‘largest issue to be tackled'
RBI's Deepali Pant Joshi says financial crisis had ‘highlighted the importance of financial consumer protection for the long-term stability of the global financial system'