Central Banks
Yuen named new HKMA deputy
Arthur Yuen succeeds Y.K. Choi as the Hong Kong Monetary Authority’s stability deputy in the new year
India moves to cut out counterfeiting
Reserve Bank of India proposes raft of measures to stamp out fake banknotes
Central Bank of Iceland – Monetary Bulletin 2009/3
Central Bank of Iceland says liberalisation of capital flows will happen by the beginning of November
Norwegian sovereign fund makes record gain
Government Pension Fund – Global records 12.7% return in the three months to March, its best ever quarterly result
Counterparty risk still large
International Monetary Fund assesses counterparty risk in the United States stemming from exposures to over-the-counter derivatives payables
Czech National Bank – Inflation Report
Czech National Bank says inflation will fall further but remain positive this year
SARB shocks markets with half-point cut
South African Reserve Bank surprises analysts expecting rate hold
France and Germany out of recession
Analysts taken by surprise as data show eurozone’s two largest economies returned to growth in the second quarter
BoJ forerunner of unconventional policy: Shirakawa
Bank of Japan’s Masaaki Shirakawa says economists attitudes towards unconvential monetary policy have changed since the Japanese crisis
Brazil president intervenes in monetary policy
Lula says further rate cuts “desirable”
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