Central Banks
Flexible targeting still best practice: Riksbank’s Svensson
Lars Svensson, Deputy Governor of Sweden’s Riksbank, says impact of finance on monetary transmission mechanism must be better understood
Interventions helped creditors not shareholders
Bank for International Settlements reviews market reaction to bank rescue packages during the crisis
Buba’s Zeitler: regulatory capital a key issue
Bundesbank’s Franz-Christoph Zeitler commends capital measures but warns implementation should not occur until after the crisis is at an end
Risk role presents new challenge: ECB’s Bini Smaghi
European Central Bank’s Lorenzo Bini Smaghi notes issuing risk warnings will mark a departure in central banks’ usual practice of targeting the middle ground
Fed decision depresses markets despite positive outlook
Federal Open Market Committee sees improvement in economy, but its decision to slow purchases of mortgage-related debt hits confidence and divides analysts
Iceland cuts overnight rate, looks ahead to removing capital controls
Icelandic Monetary Policy Committee votes to cut only overnight lending rate, cites “encouraging signs”
Monetary policy must inspire confidence to counter debt fears
Kate Barker, a member of the Monetary Policy Committee, argues central bank must be sensitive to changes in attitudes towards debt and investment
Central banks to extend dollar swaps past October
Bank of Japan, European Central Bank, Bank of England and Swiss National Bank provide schedule for dollar operations into 2010
Central banks victims of their own inflation-fighting success
European Central Bank tests whether memories of high inflation affect public preferences about the importance attached to price stability
RBA – Financial Stability Review September
Sentiment among Australian households and businesses has improved considerably says the Reserve Bank of Australia in its latest Financial Stability Review
Bank to hold seminar to clarify QE
Bank of England invites economists and the press next week to mark six months since the start of bond purchases, denies “crisis” meeting
Denmark makes third cut in six weeks
National Bank of Denmark shaves a tenth of a percentage point of key rate
Canada calls time on emergency operations
Bank of Canada to unwind two crisis-fighting operations in October on signs of recovery
BoE offers measured optimism but warns of “false dawns”
Monetary Policy Committee unanimously vote to maintain the bank rate and asset purchase programme
Norway alludes to rate hike
Executive Board vote to maintain policy rate, but suggest tightening if current trends in Norwegian economy continue
Kenya, SA hold rates, flag recovery
Central Bank of Kenya and South African Reserve Bank relatively upbeat on growth
Finland names new communications head
Chief dealer to take on the role from next month
Credit measurement in a changing world
Reserve Bank of Australia presents its approach to measuring credit and non-intermediated debt flows
Indonesia’s Rochadi: cooperate to fight fakes
Bank Indonesia’s Budi Rochadi says central banks need to exchange knowledge to keep up with counterfeiters
Move beyond price stability: IMF to central banks
Monetary policy not to blame for crisis but International Monetary Fund argues bubbles possible to predict
GIC cuts Citi stake
Fortunes contrast with those of Temasek, Singapore’s other sovereign fund