News
RBA minutes show board happy to let dollar keep falling
Reserve Bank of Australia monetary policy meeting minutes show the board feels a weaker Australian dollar could rebalance the economy; inflation outlook will allow for more easing
Turkish central bank weighs rate hike to stem lira slump
Governor Erdem Başçı says the MPC will consider widening the interest rate corridor in its meeting next week; forex auctions failed to reverse falling value of assets and currency
Thailand and Hong Kong launch cross-border settlement scheme
Bank of Thailand and Hong Kong Monetary Authority look to eliminate cross-border settlement risk through establishment of Asia's third PvP link between different currencies
Bank of Lithuania refashions calculation for interbank lending rate
The central bank is replacing interest rates with credit ratings as basis for bank quotes
Fed’s Tarullo hints at global interest in 6% leverage ratio
Daniel Tarullo says the US leverage ratio must be increased to ensure it effectively supports risk-based capital measures; proposal has generated interest from regulators abroad
Central Bank of Hungary moves to shut IMF's Budapest office
Central bank governor György Matolcsy says Hungary has almost completed its stand-by arrangement, so the IMF's work there is done; Hungary's relationship with the fund has been turbulent
China unveils raft of reforms to liberalise the renminbi
Series of reforms will facilitate cross-border renminbi settlement; RQFII programme has also been extended to Singapore and London
Brazil street protests show crucial role of central bank, says ex-governor Franco
Some politicians have ignored fears about rising inflation in Brazil but street protests demonstrate the vital importance of the Central Bank of Brazil in fulfilling its mandate, says Gustavo Franco
Russian central bank introduces new instrument for cheaper funding
New Bank of Russia governor brings in policy to auction 12-month loans to banks with a starting price 150bp under the standard 12-month repo rate
Bank of England launches mobile app for ‘virtual tourists'
New Bank of England app gives a virtual tour inside the Old Lady of Threadneedle Street
Polish banks set up joint standard for mobile payments
Participants expect the joint venture to provide a boost to non-cash trading and, by extension, business effectiveness
ECB's Cœuré welcomes commission proposal on Single Resolution Mechanism
Speaking in Paris, Cœuré says ‘strong central authority' needed as fundamental complement to the SSM
People: Fed governor resigns; Bank of England HR chief finds herself new role
Elizabeth ‘Betsy' Duke to quit the Fed, 19 months after her term officially expired; BoE's executive director for human resources to take new job in the private sector
Fed minutes reveal split over tapering as ‘dovish' Bernanke calms markets
Records released on Wednesday show ‘several' FOMC members want to end asset purchases before year's end; In Q&A, Bernanke maintains ‘overall thrust of policy is highly accommodative'
Bank of Japan holds policy as economy ‘starts to recover'
BoJ confident inflation will start to rise, as starts to see signs of recovery in the economy; keeps quantitative and qualitative easing programme in place
Indonesia hikes policy rates by 50 basis points
Policy rate up to 6.5% despite falling growth; move aims to combat rising inflation, as international capital flows hit currency value
European Commission releases 'radical' proposal to appoint itself resolution arbiter
Single Resolution Mechanism proposal would see the European Commission retain control over whether banks are resolved; argues this would be legal under current treaties, though doubts persist
ECB and Macedonian central bank complete co-operation programme
ECB's Jörg Asmussen says in Skopje that a strong EU has to be based on strong national institutions; report finds Macedonian central bank ‘equal or close to EU standards in many areas'
Fed and FDIC agree 6% leverage ratio for US Sifis
Banking agencies announce rules to increase organisations' leverage ratios; measures remain controversial with the banking lobby and regulators, notably FDIC's Hoenig
Early-warning indicators needed to address failings in Solvency II - PRA chief
Effective and prudent solution needed on Solvency II matching adjustment, says Bank of England deputy governor Andrew Bailey
Banque de France launches mobile app
Users can access key statistics, speeches, news and other information from the French central bank through their mobile phone
IMF cuts global growth forecast as capital outflows hit EM economies
Global growth is projected to remain slightly above 3% in 2013; fund says risks of a longer growth slowdown in emerging market economies ‘have increased'
Libor administration handed to NYSE subsidiary
Independent committee judges NYSE Euronext best placed to restore credibility in the tainted benchmark for interest rates; BBA will hand over after a ‘period of transition'
IMF's Lagarde supports negative rates in eurozone
IMF Article IV for the eurozone backs Draghi promise to keep rates low and says negative rates would support demand and ward off deflation; ECB chief concerned that financial transactions tax will hurt monetary policy efficacy