Central Banks
Norwegian SWF in the red for Q1
Norway's Government Pension Fund - Global recorded a loss of 5.6% for the three months to March on the back of the slump in global equity markets.
Likely Greek governor leaves commercial bank
George Provopoulos, the favourite to succeed Nicholas Garganas at the helm of the Bank of Greece, has resigned as chief executive of Piraeus Bank.
Spreads a poor gauge of crisis: Canada's Carney
Existing measures of interbank spreads are an unreliable way of measuring the effectiveness of central bank intervention in alleviating money-market tensions, said Mark Carney, the governor of the Bank of Canada.
De La Rue could sell cash systems division
De La Rue, the biggest private printer of banknotes, is considering the sale of some of its cash systems division.
Don't just focus on rates: Japan's Shirakawa
Though the increased attention given to monetary policy is welcomed, other aspects of central banking should receive more publicity, said Masaaki Shirakawa, the governor of the Bank of Japan.
How globalisation impacts rate-setting in India
Despite a relatively low degree of openness, India's domestic monetary conditions are highly influenced by global factors, research published by the International Monetary Fund finds.
Ex-Tanzanian governor Ballali dead
Daudi Ballali, the former governor of the Bank of Tanzania who was sacked in January, has died.
Iceland confounds expectations with rate hold
The Central Bank of Iceland surprised markets on Thursday, opting to hold rates, rather than raise them.
Swiss Re's Raaflaub to head new regulator
Patrick Raaflaub, the head of group capital management at Swiss Re, a reinsurance company, will direct Switzerland's new super regulator the Financial Market Supervisory Authority (FINMA).
Pakistan raises rates 150bp
The State Bank of Pakistan hiked rates to 12% on Thursday.
Fed minutes reveal some reluctance to cut rates
Most members of the Federal Open Market Committee viewed the decision to cut rates by a quarter point in April as a close call, the minutes of the meeting reveal.
Recovery requires more than Fed cuts: Warsh
Returning the economy to equilibrium requires actions more befitting than changes in the federal funds rate alone, noted Kevin Warsh, a governor at the Federal Reserve.
Settlement system links present risks
Connections between two of Canada's main settlements systems present a threat to efficiency, research by the country's central bank finds.
Central banks key to South Asian payment systems
Central banks must spark the development of South Asian payment systems, said Ranee Jayamaha, the deputy governor of the Central Bank of Sri Lanka.
Inflation targeting a dangerous fad, says Stiglitz
Joseph Stiglitz, the Nobel Prize-winning economist and Columbia University professor, has panned inflation targeting as a "fad" that could lead to economic disaster.
I was forced out: ex-Nigerian deputy
Wahia Mshelia, a former deputy governor at the Central Bank of Nigeria, has alleged that she was forced to quit after falling out with Charles Soludo, the institution's governor, local media reported on Wednesday. Soludo has denied the claims.
UK bank blacklists SWFs on ethical grounds
Most of their peers are stepping up their efforts to court sovereign wealth fund revenue, but the UK-based Co-operative Bank is shunning several because of human rights abuses by their controlling governments.
Two new vice presidents for Chicago Fed
Carl Tannenbaum, the former chief economist at LaSalle Bank, has joined the Chicago Federal Reserve as vice president. The central bank has also promoted Steve Durfey, the assistant vice president responsible for the supervision and regulation department…
Smets to replace Reichlin as ECB research head
Frank Smets, the deputy director general of the European Central Bank's research department, is to replace current head Lucrezia Reichlin, when she leaves the institution in September.
Bank voted 8-1 in favour of May hold
Only one of the Bank of England's nine Monetary Policy Committee members voted to cut rates earlier this month, a sign of the Bank's intent to fight inflation.
Leave rates at record high, IMF tells NZ
The International Monetary Fund (IMF) has called on the Reserve Bank of New Zealand to avoid cutting rates until clearer signs of a slump emerge.
MIT's Blanchard to become IMF chief economist?
Olivier Blanchard, an economics professor at the Massachusetts Institute of Technology (MIT), will be the next chief economist at the International Monetary Fund (IMF) a leading German weekly has reported.
EBRD appoints Mirow as chief
Thomas Mirow, the state secretary of the German Finance Ministry, will replace Jean Lemierre as head of the European Bank for Reconstruction and Development, the development bank for most of Central and Eastern Europe.
IMF's Lipsky cautious on recent bout of calm
John Lipsky, the first deputy managing director of the International Monetary Fund, refused to call the end of the global turmoil in a speech on Tuesday.