News
Australia hikes rates again
The Reserve Bank of Australia raises cash rate by 0.25% for the second time since October; Stevens says the worst is over
European Commission optimistic on recovery
Autumn forecast for 2009-2011 suggests gradual recovery
IMF upbeat on Hong Kong
GDP predicted to grow 5% next year after 2% contraction in 2009, says IMF
Too early for global exit strategy - Saudi chief
Muhammad Al-Jasser, governor of Saudi Arabia’s central bank, cautions against a rushed withdrawal from expansionary measures
Botswana’s Mohohlo looks set to stay
Botswana’s governor Linah Mohohlo to remain in office past the expiry of her current term, central bank spokesman confirms
Narrow banking would create more instability: FSA’s Turner
Adair Turner, the head of Britain’s financial regulator, says narrow banking is not the solution because it fails to understand the root problem in the sector
Former Bank MPC members play down negative GDP number
Willem Buiter and Charles Goodhart dismiss third-quarter growth statistic; push for moderate expansion of quantitative-easing programme
Iceland begins dismantling capital controls
Central Bank of Iceland takes first step towards capital-account liberalisation
Japan shifts liquidity focus to loans
The Bank of Japan will extend low interest corporate loans to March, but halt purchases of commercial paper and corporate bond at year-end
Paul Jenkins to leave Bank of Canada
Paul Jenkins, senior deputy governor of the Bank of Canada, will leave the central bank when his current term expires in April 2010
Bank of Portugal launches new website
The Bank of Portugal has unveiled a new and more user-friendly portal
HKMA lays down law on pay
Central bank gauges local industry reaction to its draft guideline
UK offshore centres must raise their game: report
Former FSA official highlights the need for “tax havens” to bring regulation up to international standards
No “urgency” to exit as Kiwis hold rates
Decision to stay at record low reflects recovery
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually
Rand strength undesirable: SA finance minister
Pravin Gordhan, South Africa’s Minister of Finance says the government will aid the central bank building reserves
Norway raises rates
Higher than expected inflation means Norges Bank becomes first European central bank to begin “exit strategy”
Brussels clears Rock break-up
Decision follows British government nationalisation in January 2008
Strong Canadian dollar “threat to growth”
Mark Carney, governor of the Bank of Canada, says currency intervention is ineffective without supporting policies
Vietnam holds rates steady and commits to dong liquidity
Central bank's policy reflects anticipated year-end currency shortage
Liikanen calls for post-crisis reality check
Erkki Liikanen, governor of the Bank of Finland, says optimism must be reined in
Recovery starts in India’s economy
RBI governor upbeat in mid-year monetary policy review
Britain on road to “lost decade”
Newest MPC member says fixing banks must be a priority for UK
Rwanda launches mobile money scheme
François Kanimba, governor of the National Bank of Rwanda, says the new mobile money system will be closely supervised