Speech
ECB's Cœuré defends OMTs in Berlin speech
Executive board member tells German audience that OMTs do not remove the incentive from governments to reform, and says risk transfer within the monetary union is unavoidable anyway
Fed struggles with same issues as 100 years ago, says Lacker
There has been a debate over which assets the Fed should hold since its founding in 1913, Richmond Fed president Jeffrey Lacker says
ECB's Mersch calls for clearer separation of powers in bank resolution framework
European Central Bank executive board member believes current agreement in Europe on a resolution framework - 'decentralisation plus discretion' - is 'the wrong combination'
Corporate performance data central to understanding inflation dynamics
RBI's Deepak Mohanty says balance-sheet data enhances financial stability by shining light on corporate leverage ratios and unhedged foreign currency loans
Bank portfolios flush with long-term assets exposed to interest rate risk as rates rise
FDIC's Gruenberg says banks' asset quality and loan balances have improved and fewer lenders are failing, but reach for yield may pose problems as interest rates return to more normal levels
Prasarn hails prudent policies allowing Thailand to weather storm
Thailand's international reserves have meant the central bank has not had to raise interest rates to prop up the currency, says governor; hails ‘credible' monetary policy for ‘fostering growth and stability'
Decline in expected real interest rates 'key' to Japanese growth
Kikuo Iwata says inflation expectations will raise aggregate demand through the transmission mechanism of lower real interest rates; calls change in public mindset key to policy success
RBA payments head hails ‘hub-based’ retail payments platform
Reserve Bank of Australia’s Tony Richards delivers update on country’s new payments platform and the central bank’s work towards a faster settlement system
Ugandan governor rejects president’s growth target
Emmanuel Tumusiime-Mutebile says it is impossible for Uganda to become a middle-income country by 2017, as it will take two decades for the country to double its GNI per capita
Kuroda believes QQE has started to ‘exert effects’
Bank of Japan governor Haruhiko Kuroda says the radical easing plan unveiled in April has led to a ‘favourable turn’ in the country’s finanical markets, public expectations and economic activity
Mauritius governor urges African central banks to help small business
Speaking at the AACB's annual get-together, Rundheersing Bheenick calls for support of small businesses alongside traditional ‘pro-poor policies' such as price and currency stability
Norges Bank deputy backs Bayesian econometrics in policy-making
Jan Qvigstad highlights how Bayesian econometrics have been used to develop two of the central bank’s ’most important’ forecasting tools
Riksbank deputy: Slowing Swedish growth to be buoyed by eurozone recovery
Kerstin af Jochnick says Riksbank will conduct flexible monetary policy accounting for growth in household debt until macro-prudential policy has been established
Bundesbank’s Dombret urges co-ordination over shadow banking
Executive board member says shadow banking activities are 'not evil' but do produce systemic risks; highlights need to track banks’ exposures to shadow entities and manage ownership links
Buba's Dombret backs EU recovery and resolution plans
Bundesbank board member says new European directive on resolving big banks will be crucial in solving ‘too-big-to-fail', though he has reservations about public participation in the resolution fund
Bullard warns weak inflation may put brakes on QE tapering
Inflation may be pushed even lower by a decision to taper, raising risks of deflation, the St Louis Fed president notes; calls for press conference after each FOMC meeting
Atlanta Fed president calls for QE caution
Dennis Lockhart urges the FOMC to scale back the Fed’s asset purchases in a flexible manner; believes any initial reduction should be seen as a ‘cautious first step’
Meeting Basel III requirements ‘the critical question' for India's public banks
'Fiscally squeezed' Indian government may struggle to meet the enhanced capital needs of public sector banks under Basel III, warns Duvvuri Subbarao
Cleveland Fed’s Pianalto signals willingness to taper
Sandra Pianalto recognises ‘meaningful improvement’ in labour market conditions and outlook; prepared to scale back asset purchases if current pace of progress is maintained
Worrell rules out devaluing Barbadian dollar
Central Bank of Barbados concerned by foreign exchange imbalance emerging in the economy; calls on government to reduce fiscal deficit in bid to avoid devaluation of currency
Regulators need a ‘holistic' view of the global financial system, says RBA's Debelle
RBA assistant governor Guy Debelle said that limited understanding of how financial reforms interact should not prompt regulators to ‘pick and choose' or delay their implementation
South African market inefficiencies keep ‘insiders happy and outsiders out'
Sarb deputy governor Francois Groepe says speedy implementation of key proposals in the National Development Plan would be a good start for spurring more inclusive growth
Central Bank of Ireland director says it will take ‘some time' to get out of crisis
Fiona Muldoon adds the task now is putting together a business model for Ireland that ‘expands on parts of the economy not built on buying and selling houses to each other at ever inflated prices'
RBI governor champions ‘logically robust' financial regulation
Duvvuri Subbarao says financial markets stand out because they are not self-correcting, and because financial firms are highly leveraged and uniquely interconnected