News
Timing is everything: RBI’s Subbarao on exit
RBI governor Duvvuri Subbarao stresses the need to support recovery while addressing soaring inflation a week ahead of next policy meeting
Shirakawa pledges to keep policy loose
Japanese governor Masaaki Shirakawa reiterates the central bank’s commitment to tackle deflation as figures show more people expect prices to fall over 2010
Bernanke appeals to keep Fed’s oversight powers
Federal Reserve chairman makes the case for the central bank to retain banking supervision in letter to lawmakers; Volcker supports systemic role
Denmark surprises with second cut in a week
National Bank of Denmark cuts key rate by a further ten basis points on Thursday in a bid to hold back krone
Kan revives worries over BoJ-government conflict
The appointment of Naoto Kan as finance minister last week has added to the tension between government and central bank
Brazil names new head of foreign affairs
Central Bank of Brazil appoints Carlos Araujo to lead international affairs as current head Maria Celina Arraes returns to UN post
Greece must help itself: Trichet
Jean-Claude Trichet, the ECB’s president, says the debt-ravaged country must act firmly to save itself and cannot expect special treatment
RBA chalks up half century
Australia's central bank turns fifty
Slovakia ex-chief made OECD ambassador
Ivan Šramko, the ex-governor of the National Bank of Slovakia, named ambassador to OECD days after leaving central bank
No consensus on quantitative easing
Roundtable reveals divisions on whether Bank of England’s asset purchase programme has helped
Congress forces NY Fed to reveal AIG record
Federal Reserve Bank of New York subpoenaed for records of communication with AIG
China heads for the exit
People’s Bank of China raises reserve requirement ratio in a move seen as confirming start of policy tightening
Euro counterfeits soar 30%
ECB statistics show 860,000 forged euro banknotes recovered in 2009
Botswana extends note exchange
Bank of Botswana gives public three months grace to exchange pula banknotes, enlists commercial banks and post offices for operation
Slovakia appoints new governor
Jozef Makúch, an executive director at the Slovak central bank, gets the top job after Ivan Šramko refuses a second term
Fed posts record $46 billion profit
The Federal Reserve says it made a record profit in 2009; NY Fed is pressed to publish AIG records in spiralling political row
SNB will intervene to control franc: Hildebrand
Switzerland's Philipp Hildebrand says he will monitor the performance of the franc; gains have weakened Swiss exports
Brazil’s Meirelles joins BIS board
Governor of the Central Bank of Brazil replaces outgoing chairman and former Mexico governor, Guillermo Ortiz
Redrado reinstated
Argentine central bank governor is back at work after a federal judge rules presidential decree unconstitutional
Fed appeals to withhold bailout names
Federal Reserve goes to a US appeals court to overturn ruling forcing it to reveal the institutions rescued to the tune of $2 trillion at the height of the financial crisis
FSB to probe banks’ progress on pay
Basel-based Financial Stability Board asks financial institutions to report on compensation standards
Basel-offshoot calls for more consistency
Joint Forum publishes recommendations to standardise cross-border regulation in banking, insurance and securities
Argentine president fires Redrado
Governor dismissed by presidential decree on Thursday evening following his refusal to hand over reserves
Fed should hike to 3.5% soon: FOMC’s Hoenig
Thomas Hoenig, president of the Kansas Fed, says the central bank cannot afford to wait for recovery to firm before tightening