Central Banks
Denmark cuts to halt krone rise
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
European Central Bank - Monthly Bulletin August
European Central Bank’s Monthly Bulletin justifies keeping key rates on hold
Fed action spurs market recovery
Federal Open Market Committee statement boosts wave of positive sentiment
Bank will consider cutting interest on reserves
Mervyn King says Bank of England will “certainly” look into lowering remuneration on reserves held in central bank coffers
FSA issues code on bank bonuses
UK Financial Services Authority releases rules on bankers’ remuneration policies
Ugandan auditor made acting deputy
Patrick Byabakama Kaberenge replaces David Opiokello
Canada’s Carney: new capital requirements needed
Bank of Canada’s Mark Carney on building a more resilient financial system
Serbia names new vice governor
Bojan Marković to join National Bank of Serbia in the autumn
France blames 80s monetary policy for poor growth
Banque de France asks whether permanent and gradual shifts in monetary policy were responsible for a protracted period of depressed activity in the euro area over the past decades
Bank risk affects monetary policy channels
European Central Bank says bank risk plays an important role in determining banks’ loan supply and in sheltering it from the effects of monetary policy changes
Central Bank of Belize – Annual Report 2008
Belize’s output negatively affected by flooding
IMF plays down quantitative-easing fears
International Monetary Fund says evidence on the effectiveness of Bank of England’s quantitative easing is moderately encouraging
Kozarić reappointed Bosnian governor
Kemal Kozarić to remain at the helm of the Central Bank of Bosnia and Herzegovina
Central banks expected to cut more staff
Survey respondents expect numbers to dwindle as central banks re-organise and outsource
ECB looks to soothe deflation fears
European Central Bank’s Jean-Claude Trichet and Lucas Papademos comment on the Governing Council’s decision to keep the key interest rates unchanged
Dubai to set up new Middle East payments system
Dubai enacts law to enable the establishment of real-time payments system for the Middle East and North Africa
S&P downgrades Latvia, Estonia
Latvia’s and Estonia’s long-term sovereign ratings downgraded, Lithuanian rating’s outlook put on negative watch