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Facebook unveils new ‘currency’
Social media group says it plans to “reinvent money” with payment system backed by liquid reserves
Fischer warns Trump could sabotage Fed crisis response
Fed independence under “unprecedented” threat and second Trump term would harm US – Fischer
PBoC extends liquidity to smaller firms after Baoshang takeover
Chinese securities watchdog also urges big brokerages to provide liquidity support
Quotes
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
Maybe there were some attempts to influence us in the past, but over the last three years, we have made it clear that such interference is unacceptable.
Yakiv Smolii, governor, National Bank of Ukraine
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
Monetary base targeting is insufficient and unsustainable to tame inflation and stabilise the economy.
Martin Redrado, former governor, Central Bank of Argentina
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Romania’s Mugur Isarescu on independence in a ‘post-truth’ world
Veteran governor speaks about country’s shift to market economy, the euro, mandate-drift and independence
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Putting modern monetary theory to the test
Education, education, education: designing a master’s in global central banking
Finding our way to the new Ibors
Our Take
National Bank of Romania resists the populists – for now
A climate of change
The Brexit conundrum
Construction trends can predict yield curve inversions – St Louis Fed
Canada not looking to change exchange regime in 2021 review – Schembri
RBA signals new rate cut ‘more likely than not’
Riksbank investigates adoption of T2S for securities trading
NY Fed researchers develop new natural rate of unemployment measure
CBRT cuts rates for primary dealers