Central Banks
- Dominican Republic confident in new inflation target; holds rates
Central Banking Central Bank of the Dominican Republic leaves rates unchanged at first meeting since introducing a new inflation targeting framework; says it will meet 5.5% inflation target by the end of 2012 - Italian banks may need state aid to hit 9% core capital, says Saccomanni
Central Banking Bank of Italy director-general says country’s banks may require government assistance to meet stricter 9% core Tier I capital ratio; new deputy director Salvatore Rossi optimistic growth outlook - Czech central bank concerned over Esma's power
Central Banking National supervisors should be responsible for their domestic institutions, says Czech National Bank - Fischer calls Israeli economy a ‘miracle’
Central Banking Bank of Israel governor says peace deal is needed to achieve the growth and prosperity the country deserves; refuses to set timeline for returning interest rates to 'normal level' - Malaysian and Thai central banks agree deeper cooperation
Central Banking Bank Negara Malaysia and the Bank of Thailand sign agreement to facilitate a cross-border collateral arrangement for eligible financial institutions in the countries - Hong Kong to launch new microfinance pilot scheme
Central Banking Hong Kong Mortgage Corporation says it plans to issue up to HK$100 million worth of loans as part of three-year long trial - BoE's Posen continues crusade for SME credit
Central Banking Posen laments decline of political interest in plans for credit easing for SMEs in the UK; reaffirms his drive to improve the provision of finance for smaller non-financial corporations - RBI's Subbarao highlights new ‘trilemma' facing central banks
Central Banking Reserve Bank of India governor Duvvuri Subbarao says policy contribution of central banks to sustainable sovereign debt policies must be clarified to maintain independence - Australian central bank appoints new assistant governor
Central Banking Reserve Bank of Australia promotes Christopher Kent to the position of assistant governor (economic); takes over from Philip Lowe when he becomes deputy governor - Governor of the Central Bank of the Philippines talks Basel III
Central Banking Amando Tetangco explains how Basel III has a “perverse” impact on countries with strong fiscal discipline and why the Sifi designation is less important than rigorous regulation
