News
Geithner optimistic on China boosting demand
US Treasury secretary Tim Geithner says China’s commitments “credible” on boosting domestic demand
Fed decision depresses markets despite positive outlook
Federal Open Market Committee sees improvement in economy, but its decision to slow purchases of mortgage-related debt hits confidence and divides analysts
Iceland cuts overnight rate, looks ahead to removing capital controls
Icelandic Monetary Policy Committee votes to cut only overnight lending rate, cites “encouraging signs”
Central banks to extend dollar swaps past October
Bank of Japan, European Central Bank, Bank of England and Swiss National Bank provide schedule for dollar operations into 2010
Bank to hold seminar to clarify QE
Bank of England invites economists and the press next week to mark six months since the start of bond purchases, denies “crisis” meeting
Denmark makes third cut in six weeks
National Bank of Denmark shaves a tenth of a percentage point of key rate
European Commission finalises regulatory fix
Commission unveils reform agenda, as proposed by De Larosière report
Canada calls time on emergency operations
Bank of Canada to unwind two crisis-fighting operations in October on signs of recovery
Norway alludes to rate hike
Executive Board vote to maintain policy rate, but suggest tightening if current trends in Norwegian economy continue
Kenya, SA hold rates, flag recovery
Central Bank of Kenya and South African Reserve Bank relatively upbeat on growth
Finland names new communications head
Chief dealer to take on the role from next month
Move beyond price stability: IMF to central banks
Monetary policy not to blame for crisis but International Monetary Fund argues bubbles possible to predict
GIC cuts Citi stake
Fortunes contrast with those of Temasek, Singapore’s other sovereign fund
British PM says Tobin tax worth a look
Controversial tax mooted by Britain’s head regulator worth consideration, says Gordon Brown, though problems with tax havens must be solved first
Korea to follow Israel’s lead and hike?
Report suggests Bank of Korea considering tightening
IMF board backs gold sales
International Monetary Fund members agree to sell an eighth of the organisation’s gold
ECB’s Tumpel-Gugerell presents path to better banking
European Central Bank executive board member spells out how banks’ business models need to change
Influential senator wants US supraregulator - report
Senate Banking Committee’s Chris Dodd wants four American supervisors to merge into one, says report
Turkish premier queries central bank’s autonomy
Recep Tayyip Erdogan says he disapproves of Central Bank of Turkey’s autonomy
Fed to intervene on pay, UK minister dismisses bankers’ “talent”
Federal Reserve to have authority on compensation, Wall Street Journal reports as British minister says bankers undeserving of high rewards. Moves part of global outcry over bankers’ bonuses
Bonds best way for business funding: Bank data
Bank of England data on lending conditions suggests big business better off raising funds through debt markets than through borrowing
Leaning against the wind not enough: Chile’s De Gregorio
Governor of Central Bank of Chile cites collision between financial and price stability objectives as reason why interest rates cannot be used to burst bubbles
US Treasury ends money market guarantee
The program served its purposes of fomenting stability, and is being retired as the risk of a meltdown has passed, says Treasury secretary Geithner
Shirakawa, Fed’s Yellen and FSA’s Turner join G30
Group of Thirty adds heads of Bank of Japan, San Francisco Federal Reserve and Britain’s Financial Services Authority to its roster