Daily Archives: February 15, 2010

Sweden’s central bank is the latest to ask whether financial stability should be added to its list of goals. The Riksbank has proposed a formal review, to include “whether it should be explicitly stated … that the Riksbank has a responsibility for financial stability”.

A similar question was raised at a central banker conference on Friday by India’s central bank governor Dr Duvvuri Subbarao. The significance of the question is great: price stability was previously thought necessary – and perhaps even sufficient – for financial stability. Now there is a growing belief that there might be a trade-off between the two. 

More than a million fifty-peso pieces were released in Chile during 2009 bearing the name ‘Chiie’.

The mistake was apparently made in December 2008, with neither the engraver nor the central bank noticing the error. The coins were released to the public. In October 2009, a coin collector spotted the mistake. 

Further stimulus measures are unlikely to be announced by the Bank of Japan as the country’s economy grew more quickly than expected in the Q4 2009, somewhat allaying fears of a double-dip recession. Interest rates are likely to remain at 0.1 per cent.

The rise in growth was driven by both a recovery in exports and improving domestic demand.