Central Banks
Denmark lops off 5 basis points to contain krone
National Bank of Denmark cuts its key rate to 1.15%, as the latest in a series of reductions since last August to halt krone appreciation
Korea holds amid concern over government influence
Bank of Korea leaves the cost of borrowing at 2% for 11th straight month; concern that presence of a minister at meetings will curtail independence
Post-crisis bank behaviour: lessons from South America
International Monetary Fund paper uses data from banks in Mercosur trading bloc to investigate longer-term impact of turmoil on industry
FOMC minutes flag inflation uncertainty
Minutes for December meeting of the Federal Open Market Committee underline divergence of views over price pressures
Bank of Finland Bulletin (December 2009)
The Finnish central bank acknowledges the weakness of the economic recovery and explains why the domestic economy has been particularly affected by the crisis
A century of financial crises in New Zealand
Recent analysis from the Reserve Bank of New Zealand suggests that improvements in policy will reduce the risk of a currency crisis going forward
Argentina’s Redrado clings to position
Buenos Aires wants former governor Mario Blejer to take over following governor’s questioning of plan to raid reserves
Bakani named new Papua New Guinea governor
Bank of Papua New Guinea’s Loi Bakani succeeds Sir Wilson Kamit
Lawmakers voice fears for gilt demand
Treasury Committee says end to quantitative easing could lead to gilts sales falling short and funding costs rising
Politician seen as likely replacement for Buba’s Fabritius
Reported move raises fears Bundesbank becoming increasingly politicised
Israel’s Fischer asked to serve second term – reports
Stanley Fischer reportedly asked by Israel’s prime minister to serve a second term at the Bank of Israel
Cut expenditure as soon as recovery firms: RBI’s Gopinath
Reserve Bank of India deputy governor Shyamala Gopinath says spending will have to be reined in to protect and foster the country’s economic growth
Let the yuan appreciate: leading Chinese think tank
Chinese Academy of Social Sciences argues for a one-off 10% appreciation of the yuan as international calls intensify
Turkish cuts beginning to ease credit markets
Central Bank of Turkey says loosening has started to produce improvements in financial sector
ECB’s Stark: EU won’t bail out Greece
Markets see rhetoric as an attempt to pressurise Athens into making fiscal adjustments
Taylor-rule author blasts Bernanke’s argument
Economist John Taylor says Bernanke was wrong to argue that low interest rates were not a factor in the housing bubble that led to the financial crisis
Senator who proposed Fed overhaul to retire
Senate Banking Committee chairman Chris Dodd, who produced a sweeping bill that seeks to limit Fed power, announces that he will not seek re-election