Central Banking
Latest
Fed reveals instant payment plans
FedNow will feature interoperability on ISO 20022 message standard and new liquidity tool
Bank of Japan intensifies CBDC research
Central bank appoints new CBDC head as ruling party warns Chinese effort poses security threat
Lebanese central bank orders interest-free loans after explosion
Move comes despite banking sector lacking dollars and reports of massive capital shortfalls
Quotes
The big risk [the Fed's] taken – and it is an enormous risk – is by not just venturing into investment-grade credit, but also in venturing into parts of high-yield credit
Mohamed El-Erian, chief economic adviser, Allianz
We remain very committed to blockchain architecture as a distributed ledger technology for this project. Without it, the project doesn’t achieve many of the efficiencies
Dante Disparte, vice-chairman, Libra Association
Europe is not only the ECB. These measures buy time again. But there must be a political decision to put in place a fiscal structural mechanism.
Peter Praet, former chief economist, European Central Bank
Yield curve control has not helped to raise aggregate demand, demand for credit, inflation or inflation expectations – just like quantitative easing and other tools adopted in Japan
Sayuri Shirai, former policy board member, Bank of Japan
If I have gold, I am not going to be told by the US government that my US dollars are not usable. This is fundamentally reassuring.
Jacques de Larosière, former managing director, International Monetary Fund
It may, over time, look like the manager of the one of the world’s largest single pools of financial assets trying to run a central bank on the side.
Knut Kjær, former chief executive, Norges Bank Investment Management
You probably think minutes are a gold mine. Well, they are like a gold mine in that there is a whole bunch of rock and not much gold.
Stephen Poloz, governor, Bank of Canada
Editor's choice
The evolving role of central bank money in payments
The multiple-issuer/one-currency paradigm is set to remain in a CBDC world
Comment
How will Covid-19 hit central banks’ financial results?
How vulnerable are EMEs to renewed Covid-19 turbulence?
What makes for good financial supervision?
Our Take
High US inflation should not be ruled out
Central banking enters a new era
Global carbon taxes are coming: central banks must prepare
Emerging markets face ‘uphill battle’ against pandemic – IMF staff
Australian central bank cuts growth and jobs forecasts
Basel Committee drafts new resilience guidelines
World Bank grants Vietnam $6.2 million Covid-19 aid
Fed paper looks at effects of negative rates on banks
IMF supports Riksbank’s criticism of proposed central bank law