Central Banking
Latest
Central banking enters a new era
‘Monetary financing’ and ‘buyer of last resort’ traps lie in wait
China moves towards single ‘green finance’ taxonomy
Move to unify central bank standards with other agencies could have major impact – observers
People: Hungarian deputy unexpectedly resigns
Marton Nagy resignation raises questions on future policy; BIS picks new CPMI secretariat head
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
Campos Neto on reforming Brazil’s economy amid Covid-19 distress
Brazil’s governor details emergency asset purchase plans and backs extending SDR funding
Comment
PBoC’s post-pandemic policy is still up in the air
The impact of AI adoption on supervisors
Can growth in developing Asia be made more sustainable?
Our Take
Central banking enters a new era
Global carbon taxes are coming: central banks must prepare
Inflation targets back in the spotlight
Bundesbank paper looks at effective lower bound
Trinidad and Tobago demonetisation hit illegal activities, central bank says
Capital controls less effective at curbing flows than macro-pru – BIS paper
Phillips curve flatter when inflation is low – researchers
Canada scales back liquidity measures
DNB paper says eurozone investment-saving curve flatter in recent years