Central Banks
High excess reserves levels not a Fed policy feedback
New York Federal Reserve says level of excess reserves say nothing about Fed’s policies’ impact
Malaysia’s Mohd Razif on strengthening Islamic finance
Bank Negara Malaysia’s Mohd Razif bin Abd Kadir says new Shariah-compliant commodity sales house will strengthen Malysia’s role in Islamic finance
Central-bank gold sales plunge
Official sector sells 73% less gold in six months to June than in the first half of 2008
UAE to establish official interbank rate
Central Bank of the United Arab Emirates plans benchmark money-market rate to have greater control over borrowing costs
Romania cuts by 50 basis points
National Bank of Romania lowers policy rate to the lowest level in more than a year to ease recession impact
Japanese wages plunge in June
Record fall in pay adds to fears of deflationary spiral in world's second-largest economy
SF Fed economist cautions on early warning systems
San Francisco Federal Reserve’s Mark Spiegel says suggested indicators would not have predicted crunch
Monetary and fiscal policies must link: RBI head
Reserve Bank of India’s Duvvuri Subbarao says monetary and fiscal policies must be coordinated in the future
Egyptian rate cut fuels equities boom
Rate cut spurs rise in share prices
Fed rate setters impact US Treasury market
New York Federal Reserve assesses the microstructure if the US Treasury securities market
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