News
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
Sri Lanka boosts gold holdings with IMF purchase
Central Bank of Sri Lanka buys 10 tonnes of gold from IMF, gold climbs higher
Brazil's new director stands for independence
New head of monetary policy at the Central Bank of Brazil favours floating rates
Vietnam devalues dong and raises rates
Vietnam devalues currency and tightens policy after government stimulus feeds inflationary pressures
KL passes new Bank Negara act
Legislation replaces act that’s more than half a century old
Fed toughens rules on directors' links with banks
Federal Reserve amends policy on regional directors’ holdings in banks following Friedman resignation
New RBI deputy appointed
Subir Gokarn begins term at the Reserve Bank of India where he will run the monetary policy, analysis, communications and statistics functions
Bank bailed out two British lenders in secret
Bank of England says it provided lender-of-last-resort support to Royal Bank of Scotland and Halifax Bank of Scotland in October 2008; reveals extent to which two lenders teetered
Architects of euro point to “unfinished business”
The men behind the euro gathered in the French capital last week to mark the currency’s first decade. Robert Pringle, the chairman of Central Banking Publications, reports.
Bank pushes for corporate-debt expansion
Senior Bank of England officials want greater role for debt markets to enable smaller companies to bypass banks for funds
Kenya cuts by 75 basis points
Central Bank of Kenya chops three-quarters of a point off benchmark rate
Trade groups join forces to boost SEPA mobile payments
Mobey Forum and European Payments Council to cooperate in bid to increase use of mobile payments
DSK: to counter carry trade EMEs must act
Managing director of the International Monetary Fund places onus on emerging economies; advocates capital controls as part of toolkit to counteract dollar carry trade
Bank paper outlines macroprudential tools
Bank of England discusses possible forms of countercyclical capital buffers; highlights potential problems