Central Banks
Vietnam lifts loan rate caps to dampen inflation
Vietnamese central bank frees commercial loan rates from base rate to stymie credit growth, new law which would give it more independence under discussion
EU finance chiefs to mull creditor haircuts
European finance ministers will discuss proposals to dock uninsured creditors and adopt instruments that convert debt to equity in distress at informal meeting on Saturday
Lacker: Fed needs to offload risky assets first
Richmond Fed President tells audience MBS sales would reduce distortions in asset prices.
Fed's Tarullo sceptical over contingent capital
Federal Reserve's Daniel Tarullo highlights drawbacks of contingent capital forming part of new regulatory framework
Norges Bank: discretionary policy as good as simple rule policy
Norges Bank paper shows that optimal monetary policy is equally as effective in conducting policies as a simple rule system.
BoJ study links widening CDS spreads in Greece to greater sovereign debt risk
Bank of Japan study shows strong relationship between fiscal health and CDS spreads
Stimulus saved Asia, but currency changes crucial: ADB
Asia growth to soar on remnants of stimulus, but currency appreciation and capital controls key to long-term prospects, says Asian Development Bank
Fund relents on capital controls
IMF admits capital controls have a role to play in its latest flagship report overturning long-held position, fleshes out possible capital surcharge framework
Central bank net gold sales fell 80% in 2009
Slowdown in European sales and India's purchase from IMF lead net sales to slump to 41 tonnes says research body
Singapore in surprise tightening
Monetary Authority of Singapore raises centre of exchange rate band, says it will target modest currency appreciation
Bair: FDIC-style bailout needed for very large banks
Chairwoman of the FDIC Sheila Bair outlines resolution regime for the biggest firms
RBNZ finds strong co-movement in inflation
Paper from New Zealand's central bank indicates category specific factors account for large co-movement in inflation among internationally traded commodities
IMF stockpiles funds for crisis resolution
Fund prepares for the worst with $500 billion in extra funds from a standing borrowing arrangement with selected members
Skrzypek warns Poland against adopting the euro in final remarks
An article written by late president of the National Bank of Poland Slawomir Skrzypek warns against a premature euro entry, his death on Saturday may have implications on the central bank's stance on the single currency
Money market integration biggest casualty of crunch: ECB
ECB’s financial integration report says areas in which most integration was achieved took the hardest hit, but recovery is following similar pattern
Serbia nominates academic for top role
National Bank of Serbia council chief Dejan Šoškić picked by administration to take over after Jelašić’s shock resignation, hints at dovish views
Fed to lose monetary affairs chief
Monetary affairs director Brian Madigan plans to retire later this year, he is succeeded by deputy director William English
Greece’s $40 billion bailout an improvement, but issues remain
Markets soothed as firm details of Greek rescue plan are announced, eurozone will provide €30 billion at discounted 5% rate for year forward, analysts less convinced
Poland’s search to find new governor on hold for now
Warsaw remains in mourning over the death of 96 members of its political elite following a plane crash on Saturday morning, in which both President Lech Kaczynski and central bank governor Slawomir Skrzypek were killed
Bini Smaghi: monetary policy should not be burdened with additional objectives
Lorenzo Smaghi says lax policy may have contributed to the crisis, but inflation targeting should remain core objective
SF Fed: crisis showed simple policy rules more effective
San Francisico Fed paper reaffirms strength of simple policy guideline to monetary policy but stresses need for international framework