Central Banks
Bernanke to give student lectures
Chairman of the Federal Reserve will deliver a series of lectures to university students in the US
Fed communication overhaul reveals split in rate forecasts
Federal Reserve survey of individual policy-makers’ interest rate expectations shows five-year split on when to make first federal funds rate rise; Fed falls short of inflation target
Battle for ECB executive board seat underway
Question of whether next executive board member will break tradition and come from outside the biggest European economies lingers; finance ministers yet to pick favourite from candidates
Bangladesh Bank calls on government to borrow less
Bangladesh central bank wants to bring inflation to single digits and halt foreign currency reserve “depletion”; hopes government borrowing will not “crowd out” available liquidity in banking system
Tajikistan announces enhanced payments systems
National Bank of Tajikistan launches national processing centre' striving to bring banking services up to date
Trichet to join board of aerospace group EADS, say reports
Former European Central Bank president Jean-Claude Trichet linked to seat on board of Franco-German aerospace and defence group EADS
CNB’s Singer condemns approach towards EFSF
Czech National Bank governor Miroslav Singer calls on policy-makers to eliminate uncertainties relating to the European Financial Stability Facility
Debt ceiling acts as fiscal stabiliser, says IMF paper
Fund study shows the introduction of a debt ceiling may reduce the pro-cyclicality of fiscal policy and consumption volatility
Russia gears up for central securities depository
Russian central securities depository (CSD) could be ready by the end of 2012, although there is more work to be done
Exclusive: Ex-Kosovo governor recalls ‘surprise’ arrest
Central Bank of the Republic of Kosovo’s former governor Hashim Rexhepi recounts his 18-month battle with prosecuters over alleged corruption; says he will seek compensation for his ordeal
ECB faces pressure to take haircut on Greek debt
Institute of International Finance and International Monetary Fund discuss option of official sector involvement for Greek bondholders, as negotiations with private sector fail to reach conclusion
IMF criticises Hungary over policy 'missteps'
International Monetary Fund Article IV consultations says Hungarian economy is in perilous state; country must push ahead with structural reforms and reverse a central bank law to receive funding
BoE minutes show split over QE
Bank of England minutes show Monetary Policy Committee says further expansion of asset purchases is likely to be required, according to some members
Financial taxes can bolster macro-prudential policy, says IMF paper
Fund study shows counter-cyclical tools should be incorporated to enrich the broader macro-prudential policy framework in Korea
Capital shortfalls explain sharp fall in bank lending, says Bank of Spain paper
Bank of Spain study finds evidence that supply-side factors are restraining loan growth to non-financial private sector in Spain
Macro-prudential policies address root of stability problems, says SNB’s Danthine
SNB governing board member Jean-Pierre Danthine says policies that lean against asset bubbles can create large shortfall in economic growth; prefers forward-looking macro-prudential tools
World Gold Council predicts ‘record year’ for central bank gold purchases
Trend of central banks being net purchasers to continue; latest update from World Gold Council predicts ‘record year’ of buying
Thailand blames floods and ‘likely’ eurozone recession for rate cut
Bank of Thailand drops benchmark interest rate by 25 basis points to 3%; says recession now "likely" in the eurozone
South African bank creates new role for ex-central banker
FirstRand bank appoints former SARB deputy registrar of the banks Yvette Singh as public regulatory affairs executive
IMF fears eurozone crisis will stall global recovery
World Economic Outlook slashes growth projections for 2012 as downside risks to eurozone economy intensify; IMF warns spill-over effects could slow economic activity globally
King sees ‘no reason to despair’ over world economy
Governor of the Bank of England acknowledges ‘serious’ situation global economy is in, but says there is a way forward; despite fall in inflation the year ahead will not be easy, King says