Financial Regulatory Forum

Australia central bank raises rates, more expected

The Governor of the Reserve Bank of Australia (RBA), Glenn Stevens, pauses during an appearance before a parliamentary committee hearing in Sydney September 28, 2009.            REUTERS/Tim Wimborne   (AUSTRALIA BUSINESS POLITICS) By Wayne Cole
SYDNEY, Oct 6 (Reuters) – Australia’s central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.


G20 to stick with stimulus, little move on bank pay

By Glenn Somerville and Toni Vorobyova

LONDON (Reuters) – G20 finance leaders pledged on Saturday to keep economic life-support packages in place until a recovery is firmly secured, but reached no deal on putting limits on bankers’ pay.

Finance ministers and central bankers meeting in London agreed fiscal and monetary policy would stay “expansionary” until recovery from the worst financial crisis since World War II was certain, a draft of their joint statement seen by Reuters showed.


Central banks may need new money rules -Bank of Canada

CANADA-POLITICS/    TORONTO, Aug 22 (Reuters) – Central banks may have to find new ways to steer monetary policy and prevent new crises, perhaps changing the ways they look at price levels, the head of the Bank of Canada said on Saturday.