News
Bulgaria’s Iskrov re-nominated hours after resignation
Ruling party renominates Bulgarian National Bank governor for reappointment after declaring second term agreed in May illegal
Cyprus, Romania sign new memorandum of understanding
Central Bank of Cyprus and National Bank of Romania agree revised supervisory memorandum
IMF’s Blanchard warns of tough times ahead
International Monetary Fund’s chief economist says potential output will be permanently damaged by crisis
US budget deficit forecast trimmed
US officials expect the 2009 fiscal deficit to be smaller than originally forecast, after scrapping money earmarked for further bank bailouts
Iskrov quits – for now
Ivan Iskrov, the governor of the Bulgarian National Bank, resigns following political spat over his position, but may soon be reappointed for a second time to serve a second term
Weber: German economy not standing on own feet yet
Bundesbank’s Axel Weber expects timid recovery in Germany
BoJ’s Mizuno warns of fragile recovery
Bank of Japan’s rate-setter warns of fragile recovery, given concerns over external demand
Philippines cb ends of easing cycle
Central Bank of the Philippines central bank ends series of interest-rate cuts, signals lengthy pause
Bank split on QE extension, governor outvoted
Minutes show Bank of England’s Monetary Policy Committee voted six-to-three in favour of £50 billion extension. Others in favour of extension to £200 billion
Ghana appoints former finance deputy to replace Acquah
Bank of Ghana’s governor Paul Acquah to step down in September
Nigeria names and shames debtors
Central Bank of Nigeria list names some of the country’s richest people
Turkey cuts to fresh low
Central Bank of Turkey chops a half point off key rates, indicates further cuts to come
Angola says no devaluation in sight
Central Bank of Angola’s deputy governor says the central bank will withstand “speculative drive” to devalue the kwanza
Fed extends Talf programme
The Federal Reserve extends key loan facility for asset-backed securities, soothing market concerns
UK delivers inflation surprise
United Kingdom’s July inflation figures show prices rose more than expected, but sharp decline predicted in coming months
Weber and Sanio fight back on HRE rescue
Bundesbank’s Axel Weber and BaFin’s Jochen Sanio say they did not mislead the public in the rescue of Hypo Real Estate
Northern Rock drops debt repayment
Northern Rock drops payment on part of its subordinated debt
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