News
Bundesbank board approves Claudia Buch for vice-president
Current president of the Halle Institute for Economic Research will replace Sabine Lautenschläger who quit the Bundesbank last month to join the ECB
Bank of Uganda warns loss of aid is ‘source of uncertainty’
Central bank says further exchange rate depreciation in the wake of the country's new anti-homosexuality law could create ‘stronger inflationary pressures'
Unorthodox monetary tools worked for Turkey, central bank research shows
The introduction of asymmetric interest rate corridor and ‘reserve option mechanism' has helped mitigate the impact of hot money flows, according to February papers
Russia hikes rates as Ukraine crisis brings financial volatility
The Bank of Russia raised rates by 150bp today in an emergency measure aimed at taming currency volatility; Ukraine brings in tighter forex controls
People: IMF hires Vitor Gaspar; Poland deputy reappointed
Former Bank of Portugal and ECB research head Vitor Gaspar will become director of fiscal affairs at the IMF; Piotr Wiesiołek handed second term at National Bank of Poland; and more
Former deputy nominated as Bank of Korea governor
South Korean president nominates Lee Ju-yeol as Kim Choong-soo’s successor; Lee spent 35 years at the central bank in his first stint including three years as a deputy
Norway oil fund sets sights on more real estate
The Government Pension Fund Global saw 16% return in 2013, driven by equities gaining 26.3% while fixed income didn't budge; real estate is a growth area
Fed transcripts reveal forecasting travails
Crisis year transcripts reveal extent to which the Federal Reserve struggled to predict the depth of recession and deflation, raising questions about the usefulness of underlying models
British hacker charged over Fed computer break-in
Man charged after allegedly hacking into Federal Reserve files, downloading sensitive information and posting it to the internet; charges carry prison term of up to 12 years
Yellen hits back at critics over 'discriminatory' treatment of foreign banks
Following EU complaints, Fed chair tells Senate panel that new regulations are essentially the same as those faced by US banks abroad; Bitcoin is outside Fed's remit
FX Invest Europe: Deutsche Bundesbank official praises Fed’s QE exit strategy
Christine Glockmann says other central bankers may copy Fed’s communication over QE tapering; says eurozone economic policy suffers from member states 'bickering'
Blanchard leads calls for more ‘democratic input’ in central bank decision-making
Viral Acharya, Olivier Blanchard, Richard Fisher, Otmar Issing and Klaas Knot debate new ‘paradigm’ of central banks with ever more responsibilities; Blanchard prescribes an injection of democracy
Markets see PBoC hand in RMB depreciation
The sharp fall in the RMB at the end of February is thought to have been a deliberate action by China’s central bank to engineer the development of a two-way market in the currency
Ukraine calls on IMF help as NBU focuses on financial stability
New government asks IMF and other international lenders for a bail-out; interim president tells central bank staff they must restore public confidence in the banking system
Iceland MPC fears debt relief package will boost inflation
Central Bank of Iceland frets over economic impact of government's plan to relieve 100,000 households of $1.32 billion in debt
Armenia pips Kazakhstan to coin award
Central Bank of Armenia commemorative coin triumphs over National Bank of Kazakhstan offering in an Italian competition for Best Coin of the Year
Central Bank of Brazil hike 'signals end' to year-long tightening cycle
Central bank raises benchmark Selic rate by 25 basis points to 10.75% in move that analysts say means a lower peak is probable
Rajan sets out five-point plan to tackle food inflation
Reserve Bank of India governor says monetary policy can help control food inflation, but insists the government 'has an important role to play'
IMF praises full-tilt reform at Paraguayan central bank
The central bank has introduced a string of reforms recently, including an overnight lending facility, a tighter benchmark rate and bi-annual inflation reports
Georgians vote on new currency symbol
National Bank of Georgia has shortlisted five designs in the race to represent the national currency, the lari
Pakistan looks to raise public profile of Islamic finance
The State Bank of Pakistan launches a five-year strategic plan to develop Islamic finance domestically and abroad; sets focus on improving public perception of the industry
Banks could be forced to leave UK if home regulators are found wanting
Draft rules published today by the UK banking supervisor put pressure on non-EEA countries to up supervision of banks that want to do business in London
Europe card fraud up after five-year decline, ECB data show
Growth in online shopping blamed for increase in card payments fraud, which totalled €1.33 billion within the Single Euro Payments Area in 2012 - up 21% on the previous year
Pope to set up Vatican central bank
Vatican City set to establish its own central bank as Pope Francis looks to overhaul a financial system that has suffered accusations of corruption