Central Banks
Jamaica cuts rates for second time in a week
Bank of Jamaica has now cut rates by 2.5 percentage points since last Friday. Barbados also chops a half point off deposit rate
Some thoughts on where global finance is heading
An event in Peru earlier this month addressed some of the key questions concerning the international economic order in the aftermath of the crisis.
Beijing in policy about-turn as stocks dip
People’s Bank of China’s Su Ning says monetary policy will remain loose after main index falls 5%
Regulation is good for competition
International Monetary Fund investigates financial market development
Ireland releases “bad bank” proposals
Finance minister Lenihan says plans are not a bail out for banks
Turkey would ease if outlook worsens
Central Bank of Turkey moots further monetary easing
Book says Fed “challenged essence of democracy”
Pulitzer Prizewinner says Bernanke had more authority to fix subprime mess than any other individual
HKMA exchange fund records HK$23.3 billion profit
Hong Kong Monetary Authority says profits came on back of equities surge
Estonia to head straight for euro – Lipstok
Bank of Estonia’s Andres Lipstok says euro adoption is a key priority
Bank unveils commercial paper facility
Bank of England details Secured Commercial Paper Facility aimed at bolstering companies’ working-capital requirements
Bank says Asset Purchase Facility works
Bank of England confident Asset Purchase Facility (APF) helps corporate bond market
Bank stats show quantitative easing having little impact
Broad money measure targeted by Bank of England falls in June despite £125 billion-worth of quantitative easing
Temasek admits $28 billion-plus balance-sheet hit
CEO of Singapore sovereign wealth fund reveals portfolio loss and says it may open to public investment
Uncertainty clouds Italian gold tax
Silvio Berlusconi says gold levy criticised by ECB could be changed but Italian daily reports government plans to pass the tax in its current form
NY Fed’s Dudley says too premature to set exit date
New York Federal Reserve’s Bill Dudley says risks tilted toward weak growth and not high inflation
RBI report highlights upside risks
Risks to projections of real GDP growth and inflation for 2009-10 are on the upside, says Reserve Bank of India
Fed’s Yellen sees growth comeback by year-end
Encouraging signs for economy but recovery will take time, says San Francisco Federal Reserve president
Fed bottom in government popularity poll
Gallup survey shows more than a fifth of Americans think that the Federal Reserve is doing a poor job as Bernanke steps up public relations efforts
Stevens’s crisis downgrade sends Aussie soaring
Markets jump on Reserve Bank of Australia governor’s upbeat outlook for economy
State-owned British banks to get a new boss
John Kingman steps down from the helm of UK Financial Investments on news that former Bank of England director will chair body
Fed to take early snapshot of consumer conditions
Federal Reserve launches investigation into how households are faring with de-leveraging
Thailand’s Nijathaworn on Asia’s Achilles heel
Bank of Thailand’s Bandid Nijathaworn says Asia needs to decouple
Decoupling theory holds, says Bank of England
Bank of England investigates decoupling theory
Fed a natural for systemic-risk role: Tarullo
Federal Reserve’s Daniel Tarullo says safeguarding systemic risk is a natural expansion of the central bank’s role