News
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
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