Central Banks
Book notes: Virtuous bankers: a day in the life of the 18th-century Bank of England, by Anne L Murphy
A bottom-up account of how clerks managed operations and enhanced the BoE’s reputation
Neutral interest rates at pre-pandemic levels, Bank of Canada finds
Nominal neutral interest rates in both countries sit between 2.25% and 3.25%
RBA report looks at cross-border payments
Multilateral platform would be more scalable than bilateral links, Australian central bank says
Email and social media still top two-way comms channels
Only teams from Asia-Pacific central banks report use of live website chat
Czech National Bank cuts rates by 50 basis points
Central European country follows in Hungary’s footsteps in easing
Comms staff rarely hold PhD qualifications
Social media and writing skills remain leading areas for capacity building
UK banks earn over £9bn interest on reserves with BoE
Higher interest rates present banks with bumper earnings
Former head of PBoC’s digital currency arm under investigation
Probe comes after Beijing launched a three-month anti-graft inspection
Oil shocks can be identified in real time, paper says
Bank of Italy researchers’ model identifies demand and supply shocks from daily data
Female staff make up over 60% of average comms team
Employees most likely to fall in age category of 40–49
Fed holds rates as it struggles with inflation’s last mile
Experts disagree over risks of rising inflation and difficulty of Fed’s position
Day-to-day payments too reliant on big tech – BdF deputy
Digital euro will not create a European ‘Big Brother’, Denis Beau says
Sri Lankan inflation rises in April
Foreign exchange reserves rose as a result of central bank intervention
Growth to slow in Asia-Pacific this year, IMF says
Fund cites ageing populations and lower productivity
ECB staff speak out against changes to internal survey
“Dignity at work” survey to be followed up later, central bank says
Politics and economics drive swap line decisions – IMF paper
Financial and trade links as well as political reasons affect decision-making, authors say