News
Interest rate corridor for Pakistan
State Bank of Pakistan to change its policy rate structure
New York Fed releases engagements diary
New York Federal Reserve details official events and speeches to promote “greater understanding”
Indonesia cuts again
Bank Indonesia cuts for ninth month in a row but bullish on outlook for second half of the year
Central-bank gold sales plunge
Official sector sells 73% less gold in six months to June than in the first half of 2008
UAE to establish official interbank rate
Central Bank of the United Arab Emirates plans benchmark money-market rate to have greater control over borrowing costs
FDIC’s Bair pans single regulator model
Obama administration’s plans for single banking supervisor would fit uneasily with the structure of the US banks
Romania cuts by 50 basis points
National Bank of Romania lowers policy rate to the lowest level in more than a year to ease recession impact
Japanese wages plunge in June
Record fall in pay adds to fears of deflationary spiral in world's second-largest economy
SF Fed economist cautions on early warning systems
San Francisco Federal Reserve’s Mark Spiegel says suggested indicators would not have predicted crunch
Sao Tome signs euro-anchor deal
Island agrees loan deal with Portugal to anchor dobra to the euro
Egyptian rate cut fuels equities boom
Rate cut spurs rise in share prices
Deflation risk and unemployment hit euro area
Euro-area inflation slumps as unemployment soars
Clamp down on too-big-to-fail banks: UK lawmakers
Parliamentary committee sides with Bank of England in conflict with Treasury over reform
Reykjavik backs plans to remove capital controls
Iceland’s government approves central bank’s proposals for the removal on controls introduced after autumn 2008 crash
US Treasury official defends plans for consumer regulator
Neal Wolin argues new supervisor will eliminate “race to the bottom” among firms and regulators
Jamaica cuts rates for second time in a week
Bank of Jamaica has now cut rates by 2.5 percentage points since last Friday. Barbados also chops a half point off deposit rate
Beijing in policy about-turn as stocks dip
People’s Bank of China’s Su Ning says monetary policy will remain loose after main index falls 5%
Ireland releases “bad bank” proposals
Finance minister Lenihan says plans are not a bail out for banks
Book says Fed “challenged essence of democracy”
Pulitzer Prizewinner says Bernanke had more authority to fix subprime mess than any other individual
HKMA exchange fund records HK$23.3 billion profit
Hong Kong Monetary Authority says profits came on back of equities surge
Bank unveils commercial paper facility
Bank of England details Secured Commercial Paper Facility aimed at bolstering companies’ working-capital requirements
Bank stats show quantitative easing having little impact
Broad money measure targeted by Bank of England falls in June despite £125 billion-worth of quantitative easing
France to create joint banking and insurance regulator
French finance ministry announces plans to launch single banking and insurance supervisor next year
Temasek admits $28 billion-plus balance-sheet hit
CEO of Singapore sovereign wealth fund reveals portfolio loss and says it may open to public investment