News
Sri Lanka shocks with rate hold
Central Bank of Sri Lanka surprises market with unchanged rates
BoE's Sentance sees recession ending soon
Bank of England’s Andrew Sentance sees recovery in UK and global economies, with Asia at the forefront
Rodrik: Fed needs paradigm shift
Harvard economists argues the new Fed chairman has to be less in awe of Wall Street
Meirelles comments on future, bank lending
Central Bank of Brazil’s Henrique Meirelles comments on rumours of a return to politics and backs the actions of state-led banks
Nigeria suspends trading in troubled banks
Nigerian authorities suspending trading in troubled bank shares and look to foreign investors to restore health
Pakistan cuts against Fund advice
State Bank of Pakistan cuts rates, against International Monetary Fund advice, as inflation slows
Nigeria’s Sanusi goes on sacking spree
Central Bank of Nigeria governor fires heads of five banks and injects N400 billion to ease debt crisis
Yuen named new HKMA deputy
Arthur Yuen succeeds Y.K. Choi as the Hong Kong Monetary Authority’s stability deputy in the new year
India moves to cut out counterfeiting
Reserve Bank of India proposes raft of measures to stamp out fake banknotes
Norwegian sovereign fund makes record gain
Government Pension Fund – Global records 12.7% return in the three months to March, its best ever quarterly result
SARB shocks markets with half-point cut
South African Reserve Bank surprises analysts expecting rate hold
France and Germany out of recession
Analysts taken by surprise as data show eurozone’s two largest economies returned to growth in the second quarter
Brazil president intervenes in monetary policy
Lula says further rate cuts “desirable”
Denmark cuts to halt krone rise
National Bank of Denmark lowers lending rate by a tenth of a percentage point. Iceland holds to promote appreciation
Fed action spurs market recovery
Federal Open Market Committee statement boosts wave of positive sentiment
Bank will consider cutting interest on reserves
Mervyn King says Bank of England will “certainly” look into lowering remuneration on reserves held in central bank coffers
FSA issues code on bank bonuses
UK Financial Services Authority releases rules on bankers’ remuneration policies
Ugandan auditor made acting deputy
Patrick Byabakama Kaberenge replaces David Opiokello
Serbia names new vice governor
Bojan Marković to join National Bank of Serbia in the autumn
Kozarić reappointed Bosnian governor
Kemal Kozarić to remain at the helm of the Central Bank of Bosnia and Herzegovina
Central banks expected to cut more staff
Survey respondents expect numbers to dwindle as central banks re-organise and outsource
Dubai to set up new Middle East payments system
Dubai enacts law to enable the establishment of real-time payments system for the Middle East and North Africa
S&P downgrades Latvia, Estonia
Latvia’s and Estonia’s long-term sovereign ratings downgraded, Lithuanian rating’s outlook put on negative watch
Ireland may break with past in selecting new governor
The crisis has hit Ireland hard. So hard that the finance minister may look outside the civil service for a successor to John Hurley