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Banks shy away from ECB’s first TLTRO III
Demand was “shockingly weak” says analyst, but firms are expected to increase uptake in December
Economists propose solutions to Fed’s liquidity problem
New York Fed prepares for sustained series of interventions in coming weeks
People: Bank of Canada appoints new deputy
Bank of Canada promotes from within; BIS appoints regional chair; FCA names new executive
Quotes
Sometimes, what is forgotten with forward guidance is that we are also speaking to households and businesses, to give them a sense of the general direction, some general orientation: be prepared, but do not overreact.
Mark Carney, governor, Bank of England
Financial intermediaries continue to exercise their privileged position, protected by licences, to determine where money comes from and where it goes to, so as to maximise their already disproportionately large profits and bonuses, paid for eventually by users of financial services
Joseph Yam, former chief executive, Hong Kong Monetary Authority
There’s this fear that domestic currencies are going to be totally undermined, so you might actually want to have some sort of central bank digital currency
Tobias Adrian, financial counsellor, IMF
It is only when you get to a relatively extreme situation, where your entire yield curve is very close to the effective lower bound, that targeting specific long-term yields makes sense
Eric Rosengren, president, Federal Reserve Bank of Boston
It is possible to take out some of the [populist] anger. But you really do have to have a good executive response. We will have to see how that works out.
Raghuram Rajan, former governor, Reserve Bank of India
China may do some things to reduce the trade imbalance with the US. But actually, the bilateral trade balance does not mean very much. We need to discuss the multilateral balance.
Zhou Xiaochuan, former governor, People’s Bank of China
Editor's choice
How data is driving a counter-revolution in cash
Central Banking’s new Leaders in Currency Services survey reveals which producers are ranked
Trendlines
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Comment
The Fed’s trade policy dilemma
The IMF should adopt a ‘real SDR’
PBoC is navigating into uncharted waters on RMB
Our Take
30 years of central banking
An inside story on the central bank gold agreement
Five reasons why Mark Carney should head the IMF
BoE paper measures ‘market-implied’ systemic risk
Cyprus central bank adopts MAPS treasury management system
RBI’s Das weighs up external economic threats
Brazil cuts main rate to new record low
Stablecoins raise ‘sovereignty challenge’, says de Galhau
Norges Bank bucks global easing trend with rate hike