Central Banking
Fears for zloty outweigh calls for cuts
The National Bank of Poland opted for a smaller-than-expected cut on Wednesday in a bid to maintain the value of the zloty. The move reflects the mounting concern among central and eastern European countries that marked currency depreciations could…
SA inflation dips as new gauge introduced
South African inflation plunged by more than two percentage points last month following the introduction of a new inflation basket.
Riksbank names new monetary policy deputy
Jesper Hansson, formerly the head of the monetary policy forecasting division of the Riksbank, is the new deputy head of the central bank's monetary department.
Romania wants to accelerate euro adoption
Bucharest is looking in to adopting the euro before the current target of 2014 in order to more closely link Romania's economy with other members of the European Union.
Framework for defaults required - BoJ's Shirakawa
The framework to deal with troubled financial institutions needs to be better developed, said Masaaki Shirakawa, the governor of the Bank of Japan.
Riksbank's policymakers cut on worsening outlook
The Executive Board of the Riksbank unanimously backed a repo rate cut of 100 basis points to 1%, the minutes of the 10 February meeting reveal.
Irish citizens no good at making financial plans
The Irish population saves too little, finds a new study from the Central Bank and Financial Services Authority of Ireland.
Denmark's incredible price stability
The past five centuries in Denmark have been dominated by price stability, posits a new paper from the National Bank of Denmark.
Malaysia reneges on pledge to hold firm
Bank Negara Malaysia has cut its benchmark rate by a further half a point despite indication earlier this month that it would hold back on further loosening.
Crockett on lessons from history
Sir Andrew Crockett, a former general manager of the Bank for International Settlements now at JPMorgan, a bank, warns that officials must acknowledge the benefits of innovation and the inconsistencies between macro- and micro-level fixes.
Price target will settle expectations: Bernanke
The Federal Reserve's ushering in of an implicit inflation target should lead to more stable price expectations, the head of the central bank has said.
Fed site looks to clarify balance-sheet growth
The Federal Reserve has launched a new section of its website to explain why its balance sheet has doubled since the beginning of the crisis.
Transparency: too much of a good thing?
Too much monetary policy transparency can be bad, finds a new paper from the Bank of Japan.
CNB's Tuma not keen on bursting bubbles
Whether monetary policy to react to changes in asset prices still remains questionable, said Zdenek Tuma, the governor of the Czech National Bank.
HKMA's Yue woos Islamic finance investors
Hong Kong can make significant contribution to the global Islamic finance market, said Eddie Yue, a deputy chief executive of the Hong Kong Monetary Authority.
Canada has a tough year ahead - Jenkins
The year ahead will be a difficult one for Canada, said Paul Jenkins, the senior deputy governor of the country's central bank.
Eastern Europe counters currency attacks
Four eastern European central banks have made a coordinated effort to bolster their currencies, saying recent sharp depreciations fail to reflect economic fundamentals.
FSF’s Draghi on macro-prudential supervision
Every financial institution capable of creating systemic risk will be subject to supervision, Mario Draghi, the governor of the Bank of Italy and the chairman of the Financial Stability Forum, has warned.
Central bank liquidity abates crisis but not risk
Central banks' liquidity provision can manage a liquidity crisis but cannot tackle the roots of liquidity risk, posits a new paper form the European Central Bank.
What 1 trillion can buy you
1 trillion-worth ($10.6 billion) of central bank interventions moves the yen/dollar rate by 1.7%, finds a new paper from the Bank of Japan.
Asia sets up $120bn FX fund to stave off attacks
Asian finance ministers on Sunday pledged $120 billion to counter the risk of a currency collapse in the region.
Trichet pushes for greater regulatory role
Jean-Claude Trichet, the president of the European Central Bank (ECB), has called for European Union to grant his institution a greater regulatory role.
US regulators pledge to support banks
America's regulators on Monday moved to shore up sentiment in the country's flagging financial sector, saying they would support systemically important institutions.
Korea may use reserves to support won - report
The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.