Central Banks
De Larosière for long-term value and economic stability
A near-term focus dominated policy, regulation, accounting standards and governance in the run up to the crisis. It cannot last, writes Jacques de Larosière.
UK Financial Investments releases five-year plan
UK Financial Investments publishes budget projections for five years ahead
Deflation risk and unemployment hit euro area
Euro-area inflation slumps as unemployment soars
King’s tribute to Lord George
Bank of England’s Mervyn King honours the memory of former governor Eddie George
Beige Book points to economic stabilisation
Federal Reserve’s Beige Book suggests decline in economic activity is ceasing
Reykjavik backs plans to remove capital controls
Iceland’s government approves central bank’s proposals for the removal on controls introduced after autumn 2008 crash
Pace of tightening of euro-area credit standards declines
European Central Bank’s lending survey shows less tightening of credit standards
Jamaica cuts rates for second time in a week
Bank of Jamaica has now cut rates by 2.5 percentage points since last Friday. Barbados also chops a half point off deposit rate
Some thoughts on where global finance is heading
An event in Peru earlier this month addressed some of the key questions concerning the international economic order in the aftermath of the crisis.
Beijing in policy about-turn as stocks dip
People’s Bank of China’s Su Ning says monetary policy will remain loose after main index falls 5%
Regulation is good for competition
International Monetary Fund investigates financial market development
Ireland releases “bad bank” proposals
Finance minister Lenihan says plans are not a bail out for banks
Turkey would ease if outlook worsens
Central Bank of Turkey moots further monetary easing
Book says Fed “challenged essence of democracy”
Pulitzer Prizewinner says Bernanke had more authority to fix subprime mess than any other individual
HKMA exchange fund records HK$23.3 billion profit
Hong Kong Monetary Authority says profits came on back of equities surge
Estonia to head straight for euro – Lipstok
Bank of Estonia’s Andres Lipstok says euro adoption is a key priority