News
Fed remains guarded on rate hike
Federal Open Market Committee keeps key rate and tone unchanged; caps agency debt purchase programme at $175 billion
Ireland needs clearer macroprudential mandate: OECD
OECD calls for the development of more effective macroprudential instruments
RBS and Lloyds to get £39.2 billion more
The part-nationalised banks are set to receive up to £39.2 billion in additional support measures announced on Tuesday
Nigeria tackles subdued growth
Nigeria’s central bank holds rates, but introduces a corridor around key rate to encourage lending
Chinese demand spurring east Asian growth: World Bank
Report says China fueling resurgence; cautions on performance elsewhere
India buys 200 tonnes of IMF gold
The Reserve Bank of India purchases just under half of the IMF’s sale quota for $6.7 billion
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