Central Banks
HKMA’s Pang says Chiang Mai crucial to maintaining financial stability
Hong Kong Monetary Authority deputy chief executive Peter Pang says Chiang Mai agreement central to safeguarding financial stability
Fed’s arch hawk Hoenig to retire in the autumn
Hoenig reaches mandatory retirement age and will leave in October; selection committee established to ensure replacement is found in time to allow a smooth transition
BoE paper on systemic threat of credit rating agencies
Bank of England study says regulatory reforms should reduce reliance on credit rating agencies
St. Louis Fed’s Bullard: QE2 may have averted a liquidity trap
St. Louis Federal Reserve president James Bullard says second round of quantitative easing was better policy than promising an extended period of low interest rates
Plosser: stick with fed funds rate for exit
Philadelphia Federal Reserve’s Charles Plosser says federal funds rate would be more effective tool than interest on reserves in normalising monetary policy
Bernanke to brief the press
Federal Reserve to join Bank of England and European Central Bank in holding monetary policy press conferences
Danthine defends SNB FX intervention
Swiss National Bank governing board member Jean-Pierre Danthine says foreign exchange intervention was necessary to avoid deflationary risks
RBNZ’s Bollard plays down benefits of macroprudential tools
Reserve Bank of New Zealand governor Alan Bollard says expectations that macroprudential instruments will bolster financial system must be realistic
BoJ’s Miyao pledges continuity of settlements system during planned blackouts
Bank of Japan Policy Board member Ryuzo Miyao says in-house power generation at central bank branches would support settlements systems ahead of planned power shortages
New deputy governor for the South African Reserve Bank
Director-general of South African treasury Lesetja Kganyago to move to Sarb in May
Bank of Finland reports €283 million profit
Bank of Finland experiences fall in profits as funds transferred to risk provision rise; central bank's governing body redirects increasing share of profits to government
Portuguese CDS spreads climb after austerity measures voted down
The EU prepares itself for another sovereign bail-out after Portuguese parliament rejects tax rises and budget cuts
BoE's chief economist says global inflationary pressures prompted rate hike vote
Bank of England chief economist Spencer Dale says risks associated with global price pressures and prolonged periods of inflation were behind call to raise interest rates
China and HK central banks close to finalising new CNH clearing arrangement
Market participants are close to completing the legal and operational details relating to a new custodian account arrangement that would allow the city's participating banks in offshore renminbi to take credit risk against the People's Bank of China…
Central banks can avert banks hoarding liquidity: NY Fed paper
New York Federal Reserve says central banks can help prevent liquidity hoarding by supplying cash to markets
Crisis reduced Swiss franc activity in money markets: SNB paper
Swiss National Bank study finds evidence of sharp decline in unsecured Swiss franc turnover during recent crisis
BoE's Haldane: pay bankers in CoCos
Bank of England executive director for financial stability Andrew Haldane says contingent capital bonds should be made an element of bankers' pay
Bank Negara Malaysia - Financial Stability Payment Systems Report (2010)
Bank Negara Malaysia Financial Stability Payment Systems Report 2010 says risks to financial stability will be externally driven
Shift in central banks' attitude key driver of gold sentiment
World Gold Council's Natalie Dempster says central banks' renewed fondness for bullion was biggest driver of market trends in 2010
Establishment of Southern African currency union delayed: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says timeline for adoption of Southern African Development Community single currency will be reviewed
Central banks’ gold purchases continue; 20-year selling trend bucked
Official sector continued to be net buyers of bullion in three months to January; figures confirm that central banks were net buyers for first time in 20 years in 2010
High food prices drive political instability: IMF paper
Fund paper shows rising international food prices attributes to political instability in low-income countries