Central Banks
Sovereign troubles will drag banks down: Moody's
Ratings agency says sovereign downgrades in the southern eurozone could lead to decline in banking sector, further spending cuts will exacerbate problem
IMF: inflation targeting the next step for emerging economies
IMF study makes strong case for adoption of inflation targeting in emerging economies
Riksbank’s Svensson concedes further cuts unlikely
Lars Svensson explains the banks decision to leave its benchmark rate at 0.25% until December 2010, after previous calls to cut the rate further
Fed’s Rosengren: full US recovery years away
Boston Federal Reserve president Eric Rosengren identifies several challenges towards economic recovery in the United States
Controversial ‘audit the Fed’ amendment stirs blogosphere
Independent senator proposes clause that gives government audit office extensive powers to review Fed’s decisions, support mounts among lawmakers and commentators
Senate okays disputed Argentine reserve transfer
Lawmakers in Argentina's upper house approve president’s decree to transfer $4.4 billion of central bank reserves to bond repayment fund
Philly Fed's number two to step down
Philadelphia Federal Reserve first vice president William Stone plans to step down towards the end of this year
Malaysia's Mahathir: Islamic finance must not follow western banking model
Malaysia's former prime minister Mahathir calls for more regulation of banking sector and repudiates western model on banking
Gono retains top job in new Zimbabwe board
Reserve Bank of Zimbabwe governor Gideon Gono shock survivor of management cull; nine new board members appointed to improve governance standards
ADB's Kuroda pushes agenda for economic integration in Asia
Asian Development Bank president Kuroda hails Asian rebound but calls for commitment on wider integration of region
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
BoE broad money returns to pre-crisis growth levels
Bank of England estimates show broad money rose sharply in March, as credit conditions in the United Kingdom continue to improve
Indonesia’s finance minister named World Bank managing director
Mulyani Indrawati moves to World Bank Group months after alleged corruption accusations
Investors’ hold on Sarb to be weakened
South African cabinet approves bill of amendments to central bank law that would disrupt formation of shareholder blocs and enhance corporate governance standards
Bank of Israel - Inflation Report Q1 2010
Bank of Israel report shows interest rates likely to continue rising
Bank of Italy on post-Lehman credit conditions
Bank of Italy paper shows severe credit contraction and behaviour of zombie banks distorted lending following Lehman’s collapse
ECB breaks equal-treatment pledge and accepts Greek junk bonds
European Central Bank suspends minimum credit rating on Greek government debt, breaking its commitment to universal collateral rules
Lower growth a price worth paying for strong banks: Wellink
Basel Committee chairman Nout Wellink says potential drop in growth not too high a price for more robust banking system; secretary-general Stefan Walter says regulatory requirements still too soft
Uganda gives banknotes a facelift
Bank of Uganda introduces a new denomination and upgrades five existing bills with new security feature, Tumusiime-Mutebile emphasises that the issue is not politically motivated
China lifts reserve ratio on fears over inflows, Australia hikes again
People’s Bank of China raises reserve requirement ratio by 0.5% as concern mounts on currency speculators; Reserve Bank of Australia tightens as data suggest growth will outstrip 2009
Trichet: economic, not monetary, reform of EMU necessary
ECB president Jean-Claude Trichet calls for broader economic reforms to mend Europe’s Economic Monetary Union (EMU)