Central Banks
QE2 reduced deflation threat: NY Fed’s Sack
New York Federal Reserve executive vice-president Brian Sack says the risk of deflation in the US diminished significantly following the Fed’s second quantitative easing programme
Greece crisis dominates RBA minutes
Reserve Bank of Australia minutes shows policy board left interest rates on hold amid continued uncertainty over Greece
BoE - Trends in Lending (July 2011)
Bank of England July 2011 Trends in Lending report shows the number of loans extended to businesses in the UK declined by $6.4 billion
Sri Lanka ponders 'fit and proper' tests for non-bank lenders
Bill is pending that would introduce ‘fit and proper’ tests for senior executives of non-bank lenders
Iranian public votes on currency reform
Preliminary results show name of currency will change and four zeros will be removed from value
Basel targets 28 banks with GSIB surcharge
Basel Committee says 28 banks will be required to hold additional loss-absorbency capital under proposed methodology for identifying global systemically important banks
European Commission unleashes region-wide capital requirement proposal
Commission sets out plans to 'change the behaviour of the 8,000 banks that operate in Europe'; rules limit member states’ right to legislate on capital requirements
Afghan ban on US officials: reports
Media reports claim Afghan president, Hamid Karzai, has banned US officials from the country’s central bank; conditions 'too hostile' for them to return
BoJ’s Yamaguchi on the battle against deflation
Bank of Japan deputy governor Hirohide Yamaguchi says deflation trend in Japan must be overcome by strong long-term growth
BoE minutes revise upward inflation peak
Bank of England Monetary Policy Committee minutes show inflation could peak higher and sooner than originally expected
Euro area leaders face tough choices over Greece
Crucial euro area summit to address funding of second Greece bailout to be held; terms for private sector involvement on agenda
Renminbi will not be ready to join SDR in 2015: CentralBanking.com panel
Panellists tell Robert Pringle they believe 2015 will be an important year in the internationalisation of the renminbi; currency will not be included in reweighting of SDR
Bank of Italy – Economic Bulletin (July 2011)
Bank of Italy July 2011 Economic Bulletin says risks from European sovereign debt crisis have spread to Italy
Inflation expectations in euro area broadly stable: BIS paper
Bank for International Settlements study says long-term euro area inflation expectations have so far remained well-anchored during sovereign crisis
IMF paper builds financial conditions index
Fund study creates financial condition index to help predict growth patterns in Asian economies
Ailing Belarus governor released from office
President Alyaksandr Lukashenka releases Pyotr Prokopovich from office; acting chairman of the board, Yury Alymov remains in post
Pakistan accepts governor’s resignation
State Bank of Pakistan governor Shahid Kardar's resignation confirmed, ending days of speculation over his future at the central bank
BIS must continue to evolve: Caruana
General manager, Jaime Caruana, says BIS must continue to adapt to a changing world; working to incorporate emerging economies effectively
Progress made on information gap project
IMF and FSB report 'considerable' progress on implementation of information gap recommendations
Euro counterfeit figure drops
European Central Bank releases counterfeit figures; 18.8% decrease in notes found