KPMG: on day 1 of #Davos, 459 delegates sent 4,436 tweets with 8,021 replies and 18,718 retweets. Top trending topic was ‘Angela Merkel’
Just out: Reuters polls find 70 percent of economists see chance Portugal will require second EU/IMF bailout, Portugal 2012 GDP at -3.2%
The Federal Reserve has taken a historic step of adopting an explicit inflation target of 2 percent at its two-day meeting ended on Wednesday, highlighting how central banks must adapt to the new post-crisis world.
In a new book “The Future of Central Banking”, Claudio Borio, deputy head of monetary and economic department and director of research and statistics at the Bank for International Settlements, argues that the financial turmoil has shaken the foundations of the deceptively comfortable central banking world.