Bank of England (BoE)
Transparency award: Bank of England
UK central bank moves out of its ‘comfort zone’ with targeted efforts towards market counterparties and Gen Z citizens
Governor of the year: Jerome Powell
The Fed chair has shown high levels of integrity and resolve in upholding his public duty in the pursuit of price stability and maximum employment
Stablecoins pose risks to singleness of money – BoE study
Paper explores how monetary cohesion might be preserved amid digital innovation
Rogoff and Pill sound warnings over inflation
Former IMF chief economist says markets are underestimating Trump’s long-term impact
People: Braddick to take charge at UK’s prudential watchdog
Plus: BoE also appoints first executive director for monetary policy
Book notes: Before the Fed, by Jon Moen and Mary Tone Rodgers
A significant contribution to understanding private-sector financial crisis responses, relevant to today’s lender-of-last-resort function
Lagarde downplays odds of early exit
ECB president uses interviews to say she is on a ‘mission’ with a ‘baseline’ of serving out her term
High tariff regime in the US is ‘here to stay’ – BoE’s Taylor
Impact on trade flows and pricing will take years to play out, MPC member says
Officials deny geopolitical fears driving UK payments upgrade
US card payments providers Mastercard and Visa will participate in industry meeting today
Net zero transition could boost productivity – BoE paper
Impact of carbon tax depends partly on spillovers from green technology, economists say
Repeat of past mistakes fuels risk of new crisis
Jesper Berg and Hans Geeroms argue that bank lobbying has succeeded in securing a dangerous softening of rules
BoE to assess eligibility of digital gilts in monetary operations
UK set to become first G7 country to issue sovereign bonds on DLT
BoE holds rates at 3.75% in yet another close decision
Good progress on disinflation and weak labour market open door for cut in March
Banks must keep up with high-speed traders – BoE’s Jackson
Risk has migrated to a part of the system where execution is measured in microseconds, official says
UK clearing houses face tougher capital regime than EU peers
Ice resists BoE plan to move second skin in the game higher up capital stack, but members approve
ECB seeks capital clarity on Spire repacks
Dealers split between counterparty credit risk and market risk frameworks for repack RWAs
Life insurers increasingly exposed to systemic risk – BoE paper
Authors say European firms’ ‘non-traditional activities’ may call for new regulation
BoE’s new forecast evaluation unpacks causes of errors
Global shocks and wage growth led bank to underestimate inflation persistence
BoE’s Greene: impact of Fed easing on UK remains unclear
Spillovers via trade channel could push domestic inflation up or down, MPC member says
Bailey underscores support for Powell
BoE governor also points to potential spillover risks to UK from events in US
CBDC or tokenised reserves?
Sayuri Shirai explains why central banks are taking different paths towards the same goal