Central Banks
BuBa focused on cutting cash-processing costs: Fabritius
Bundesbank’s Hans Fabritius says central bank working on outsourcing cash processing
Fiscal stimulus crucial for recovery
Centre for Economic Policy Research (CEPR) compares the Great Depression with the global credit crisis
Ex-MPC’s Buiter to head Citi economics team
Former Bank of England policymaker and frequent bank-basher Willem Buiter named as Citigroup’s chief economist
Aussies hike for third straight month
Reserve Bank of Australia raises rates by a quarter point but hints at hold in coming months
UAE backs banks as Dubai fears spark local sell-off
Commentators praise pre-emptive move on back of uncertainty in global markets following fears of Dubai World default
Eurosystem continues to shed staff
Number of eurozone central bankers has fallen by almost 10% over past five years
Bank data revives doubts over QE
Bank of England’s key broad money aggregate and lending figures decline
Eurozone inflation turns positive
Official flash estimate puts November annual inflation at 0.6%; turns positive for first time since April
Yuan appreciation calls “unfair”: Chinese premier
Wen Jiabao, the Chinese head of state, accuses critics of the undervalued yuan of hypocrisy
Economic and Financial Developments (November) – Bank of Japan
November instalment of the monthly report finds that the ongoing recovery is fragile and not a result of self-sustaining factors
BoE’s Bailey: Europe to work on resolution regimes
Bank of England’s Andrew Bailey says missing piece in UK’s resolution regime is how to deal with cross-border banks
Europe to set Sepa migration regulation: Tumpel-Gugerell
European Central Bank’s Gertrude Tumpel-Gugerell says Sepa needs migration date
Narrow banking not the answer: RBI’s Subbarao
RBI governor dismisses breaking up banks as solution to financial-sector problems; argues for macroprudential policy measures to tackle interconnectedness
Korea widens inflation target range
Central bank widens inflation band by 0.5% each way, giving it room to manoeuvre against volatility
Cyprus governor says 2009 GDP will shrink
Prognosis contradicts European Commission's optimism about growth
Central banking law in the crisis: Shirakawa
BoJ governor says that the crisis has highlighted why central banks need independence; outlines legal developments in central banking
Brazilian economy on the up, minutes show
Central Bank of Brazil’s policy meeting minutes also show inflation is under control
Irish regulator’s pay “rubs salt in the wounds”
Half of Ireland’s central bank to strike over pension levy; staff treated “obscenely” as executive’s pay jumps €150,000
BoJ minutes reveal growing rift with government
Minutes of the Bank of Japan’s October policy meeting show senior minister questioning policy decisions and stance
Sri Lanka boosts gold holdings with IMF purchase
Central Bank of Sri Lanka buys 10 tonnes of gold from IMF, gold climbs higher
“We never had subprime issues”: Australia’s Debelle
RBA deputy governor Guy Debelle says credit will return as confidence re-emerges