News
China Investment Corporation to invest in Apax: reports
China’s sovereign wealth fund reportedly set to inject in private equity group
IMF backs HK peg weeks after bubble warning
International Monetary Fund says it supports peg; support comes after research paper cites risk of bubbles from currency strategy
China wary of a gold bubble
People’s Bank of China deputy governor says steadily climbing gold prices could decrease the attractiveness of the metal as a reserve asset
Bank of England moots corporate bond sales
Bank of England proposes extension to quantitative-easing programme to cover corporate bond sales in bid to boost liquidity
North Korea drastically revalues currency
Reports say that the country has slashed two noughts off its currency; imposes a cap on exchanges into new money
CentralBanking.com readers divided on recovery
CentralBanking.com subscribers split on time it will take to return to trend levels of growth snapshot shows
BoJ rate-setter hints at further loosening
Bank of Japan MPC member says the central bank is open to further monetary easing, depending on the situation in markets
RBNZ, stock exchange moot possible payments team-up
Reserve Bank of New Zealand confirms talks with NZX to collaborate on clearing and settlement system
BoJ loosens in bid to appease government
Bank of Japan loosens monetary policy at unscheduled meeting to ease tensions between central bank and government
BoE’s Posen wants housing “stabilisers” to control bubbles
Monetary Policy Committee’s Adam Posen calls for existing taxes to work as automatic stabilisers for house prices; argues against leaning against the wind with rates
Fed tiptoes further towards exit
New York Federal Reserve says it will make small-scale reverse repurchase operations in order to test strand of exit strategy
Ex-MPC’s Buiter to head Citi economics team
Former Bank of England policymaker and frequent bank-basher Willem Buiter named as Citigroup’s chief economist
Aussies hike for third straight month
Reserve Bank of Australia raises rates by a quarter point but hints at hold in coming months
UAE backs banks as Dubai fears spark local sell-off
Commentators praise pre-emptive move on back of uncertainty in global markets following fears of Dubai World default
Eurosystem continues to shed staff
Number of eurozone central bankers has fallen by almost 10% over past five years
Bank data revives doubts over QE
Bank of England’s key broad money aggregate and lending figures decline
Eurozone inflation turns positive
Official flash estimate puts November annual inflation at 0.6%; turns positive for first time since April
Yuan appreciation calls “unfair”: Chinese premier
Wen Jiabao, the Chinese head of state, accuses critics of the undervalued yuan of hypocrisy
Narrow banking not the answer: RBI’s Subbarao
RBI governor dismisses breaking up banks as solution to financial-sector problems; argues for macroprudential policy measures to tackle interconnectedness
Korea widens inflation target range
Central bank widens inflation band by 0.5% each way, giving it room to manoeuvre against volatility
Cyprus governor says 2009 GDP will shrink
Prognosis contradicts European Commission's optimism about growth
HKMA presses on with Lehman Brothers cases
Hong Kong’s central bank refers some 334 cases to SEC for further investigation
Irish regulator’s pay “rubs salt in the wounds”
Half of Ireland’s central bank to strike over pension levy; staff treated “obscenely” as executive’s pay jumps €150,000
BoJ minutes reveal growing rift with government
Minutes of the Bank of Japan’s October policy meeting show senior minister questioning policy decisions and stance