News
ECB’s Stark rejects calls for higher inflation target
Senior European Central Bank official pans IMF chief economist’s suggestions of a higher inflation target
Fed is investigating Goldman, hedge funds: Bernanke
Federal Reserve chairman Ben Bernanke says the central bank is looking into cross-currency swaps carried out by Goldman Sachs alleged to have helped Greece hide the extent of its debt
Argentine court blocks debt repayment fund
Appeals court thwarts Argentine president Cristina Fernández’s decree by upholding injunction against the forced transfer of central bank reserves to bondholder repayment fund
FT Fed watcher to head NY Fed communications
Financial Times’s Krishna Guha to succeed Calvin Mitchell as executive vice president for communications
Brazil jacks reserve ratio up by 200 bps
Central Bank of Brazil lifts reserve requirement ratio back to pre-crisis level, move is expected to withdraw more than 70% of liquidity provided during crisis
Discount hike was to discourage reliance on Fed: Bernanke
Federal Reserve chairman Ben Bernanke reiterates the central bank’s stance that its recent discount rate hike was in no way a policy tightening, flags term deposit facility
Ex-Bank Indonesia head accused over bailout
Inquiry into bailout of Century Bank raises questions into Bank Indonesia’s handling of regulation; allies of president round on former central bank governor and finance minister
South Africa’s Marcus strikes back at “misleading distortions”
South African Reserve Bank governor Gill Marcus rebuffs report that she had branded calls for nationalising the central bank “nuts”
PBoC deputy named IMF special adviser
Zhu Min to join the International Monetary Fund in late spring
Ex-Sarb’s Mboweni to chair AngloGold Ashanti
Former South African Reserve Bank governor Tito Mboweni appointed chairman of gold mining company
Former Hungary governor “prepared” to return to government
Ex-National Bank of Hungary chief Zsigmond Járai says he is ready to accept a post in new government if opposition wins upcoming election
King on QE: we’ve filled a hole
Bank of England governor says pumping £200 billion into economy averted “very serious contraction” in money supply; flags concerns over eurozone’s stuttering recovery
Bank’s Tucker: show me the money numbers
Bank of England’s deputy governor says monetary authorities must remain attentive to money and credit developments post crisis
Rogoff predicts wave of sovereign defaults
Greece will not be the only country to face threat of bankruptcy, ex-IMF chief economist Kenneth Rogoff warns
Fiscal cuts must precede monetary tightening: IMF
International Monetary Fund notes fiscal consolidation is by far the biggest concern; suggests central banks maintain large balance sheets for time being
Harare will keep multi-currency system till 2012: minister
Economic planning minister says the country will continue using the rand, dollar and pula among others for the time being
Fed presidents play down discount hike
Regional Fed presidents William Dudley, Dennis Lockhart and Janet Yellen deny that rise in discount rate equates to the end of accommodative policy
Hungarian rate falls to record low
National Bank of Hungary rate-setters slice a quarter point off key rate, now at all-time low
Mauritius’ deputy standing in as governor faces probe
Yandraduth Googoolye acting governor at Bank of Mauritius as former head faces parliamentary enquiry into allegations of abuse of power
Ireland’s Honohan pushes for wage cuts
Irish central bank governor says cuts necessary to reverse unemployment rise
Jordan cuts to boost growth
Jordanian central bank shears half a percentage point off its key overnight deposit rate to stimulate the flagging domestic economy
Greece dumps debt management chief
General manager of treasury and global markets at National Bank of Greece named new head
Fed’s discount rate hike jolts markets
Federal Reserve firms exit strategy by lifting the rate at which it lends to banks by a quarter percentage point, markets teeter
Russia cuts on carry trade concerns
Bank of Russia chops a further 0.25% off its key refinancing rate and intervenes in currency markets on worries of rouble strength