Central Banks
SNB’s Danthine denies franc float claims
Swiss National Bank governing board member Jean-Pierre Danthine denies his remarks hint at plans to float the Swiss franc
Debt holders must share the pain: Tucker
Bank of England deputy governor Paul Tucker says bondholders must be ready from the start to share in losses should a bank get into trouble
Bolaños will return to head Costa Rican central bank
Former central bank president Rodrigo Bolaños will take over at the helm again, after current chief Francisco de Paula Gutiérrez Gutiérrez announces plan to leave in June
India surprises with 25 basis point hike
Reserve Bank of India ups key and repo rates as inflation bursts through 8.5% ceiling
Fullani: reassures parliament on steady recovery
Bank of Albania governor Ardian Fullani reassures lawmakers of continued growth following IMF performance review
BOE paper: inflation co-movement linked to globalisation
New study into co-movement in inflation across industrialised countries links low-inflation rates to falling commodities prices
Sweden’s Ingves explains decision to hold rates
Stefan Ingves the Riksbank’s governor offers reasons holding back on rate rise despite signs of strong economic recovery
Greenspan slams systemic risk watchers
Former Fed chairman Alan Greenspan says systemic risk oversight bodies will not catch anything regulators have already missed, calls for contingent capital instead
Zim’s Gono blasts local takeover bill
Reserve Bank of Zimbabwe governor Gideon Gono slams new law that will force foreign-owned firms to transfer 51% of ownership to locals
Only the IMF can save Greece: Berlin
German government backs away from a European bailout for debt-ridden Greece, Fund rescue looks increasingly likely
Top-level Swiss committee to fix "too big to fail"
Liquidity and "too big to fail" will dominate agenda for Steering Committee bridging central bank and regulator’s boards, says FINMA’s Zuberbühler
BoE’s Sentance: rate policy to offset fiscal tightening
Bank of England’s Andrew Sentance says monetary policy can compensate for the negative impact of fiscal tightening on demand
ADIA publishes first annual report
Abu Dhabi’s sovereign wealth fund reveals rates of return and geographical split of investments
Fischer accepts second term at Bank of Israel
Bank of Israel governor agrees to stay on for further five years after new central bank law passes in the Knesset calling for Monetary Policy Committee
HKMA restructures banking department
Hong Kong Monetary Authority (HKMA) spins off banking department to tackle workload from Lehman Brothers fallout
Fed chiefs unite in bid to keep wider bank supervision
Current Fed chairman Ben Bernanke and former head Paul Volcker say taking all but the biggest banks away from the central bank would be a mistake
ECB’s Stark contests IMF paper
Jürgen Stark argues that an inflation target at the 4% level would do more harm than good
BoJ board split on doubling liquidity scheme
Bank of Japan fixed-rate funds operations scheme to be doubled to ¥20 trillion, two board members dissent
BoJ study: low rates not enough
Bank of Japan study shows that low interest rate commitment was insufficient in stimulating growth
RBA reviews the way it measures CPI
A report by the RBA proposes changes to the way future CPI is reported and measured
Bank mulls widening collateral pool
Bank of England consults on taking “raw loans” at its discount window facility and calls for more transparency from counterparties, says the move will cement confidence in the financial system
US regulators issue liquidity guidelines
Federal Reserve and other regulators sign off framework for more stringent liquidity management