News
America can learn from us: Uganda’s Tumusiime-Mutebile
Bank of Uganda’s governor says risk-based supervision saved the country’s banks; reinforces the importance of open-market principles for the economy
Iceland cuts on further signs of stability
Central Bank of Iceland continues with “gradual” easing as currency stabilises
SNB steps towards exit
Swiss National Bank announces end to credit easing
Ireland creates senior posts
Central Bank & Financial Services Authority of Ireland announces new roles as part of regulatory shift
Basel Committee reaches agreement on liquidity and counterparty risk
Two-day gathering results in progress on new rules
CentralBanking.com panel: it’s too soon to exit
Charles Goodhart, Paul Mortimer-Lee, Lucrezia Reichlin and Gabriel Stein concur that dangers are greater from exiting too early than too late but warn that asset prices risk becoming over inflated
Former Jamaican governor attacks PM
Recently resigned governor Derick Latibeaudiere says PM has shown a lack of respect
Mexican finance minister nominated to head central bank
Guillermo Ortiz set to step down after 12 years at the helm of the Bank of Mexico
Czech’s Tuma accuses IMF, EBRD over CEE comments
Czech National Bank governor says multilateral organisations failed to differentiate between central and eastern European countries at the height of the crisis
Greece downgraded; remains on negative watch
One of the big-three ratings agencies downgrades Greece and keeps outlook on negative
China to maintain “moderately loose” policy
People’s Bank of China indicates rates will be kept low for some time to support growth and stability; statement echoes the pledges of central economic conference
Korea labels gold rush illusory
Bank of Korea’s head of reserves management looks to downplay surge of central bank interest in bullion
Packed agenda awaits Basel Committee at crunch meeting
Uncertainties abound ahead of key gathering
Ex-RBNZ head hits back at inflation-targeting critics
First governor to preside over the introduction of inflation targeting defends framework against recent criticisms
Former Fed economist calls for more stimulus
Ex-Federal Reserve official says focus must be on providing up to $6 trillion more monetary stimulus rather than exit strategies
Bank’s Bailey links rise in banknotes with turmoil
Bank of England’s Andrew Bailey says crisis has sparked rise in demand for currency; says trend reflected in other major economies
Kuwait SWF sells Citi stake for $1.1 bn profit
Kuwait Investment Authority announces sale of its Citigroup share; follows Singapore GIC’s sale of Citi stake in September
RBI’s Gokarn drops more hints of tightening
Reserve Bank of India deputy governor Subir Gokarn among a slew of officials to comment on demands of rising inflation on monetary policy; calls for a staggered approach to exit
Bank of Greece governor to reduce salary by a fifth
Greek governor George Provopoulos will cut his wage as a symbolic gesture against the country’s burgeoning debt problem
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
NY Fed communications head joins Thomson Reuters
New York Federal Reserve’s executive vice president for communications departs for information company
US must adapt to maintain role in global debate: NY Fed VP
New York Federal Reserve’s Checki notes US’s hand in global developments is not as strong as it once was; says policy must reflect this
Turkey gets sovereign debt, currency upgrades
Fitch Ratings raises Turkey’s long-term sovereign debt and currency ratings to BB+, taking them just outside investment grade
Bunning labels Bernanke “definition of moral hazard”
Kentucky senator says he will do everything in his power to stop Ben Bernanke winning a second term