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Fed makes post-presidential election rate cut
Chair Powell stresses Trump’s election will have no effect on near-term policy; has no plans to resign
Central bankers weigh up prospects for Project Nexus
Policy-makers from Asean states, India and EU discuss goals for multilateral cross-border payments link
ECB to introduce structural bond portfolio and LTROs – Schnabel
Executive board member says QT worries have not materialised
Benchmarking
Suptech adoption: strategy and capacity building drives supervisory transformation
Two BR-AG representatives review the global use of suptech among central banks for enhanced digital supervision
Most central banks forecast cash demand over one to three years
Median central bank expects 5% increase in cash in circulation in 2024
Book notes: The road to freedom: economics and the good society, Joseph E Stiglitz
A stimulating amalgamation of previous ideas presenting the kind of economic system most conducive to decent society
GCC central banks follow Fed by reducing rates
Saudi Arabia, UAE and Bahrain opt for 25bp cuts, while Qatar loosens by 30bp
Banxico working paper tackles ‘loan puzzle’
Study finds that banks increase credit to low-delinquency sectors following policy tightening
Bank of Thailand governor plays down case for retail CBDC
Sethaput says Asean countries already have good retail payments infrastructure
Mamo Mihretu on the radical reform of central banking in Ethiopia
NBE head speaks about monetary policy and exchange rate reform, opening the financial system and a fundamental reset of the economy
IMF/ World Bank Autumn Meetings 2024
IMF warns central banks not to keep policy ‘too tight for too long’
Chief economist calls for “triple pivot” as global economic outlook shifts
Governors differ on cross-border payments
Officials from Europe, Africa and Asia diverge over whether bilateral or multilateral links are best
ECB could go below r* when setting policy, says Panetta
Bank of Italy governor says eurozone has to return to “normal way of doing monetary policy”
IMF panellists debate need for updated policy frameworks
Policy frameworks should be informed by pandemic lessons, say central bankers
Editor's choice
Geopolitical risks to reserve adequacy: 2024 survey
Geopolitics are heightened going into 2025. Twenty-four reserve managers reveal their strategies.
Combining central banking orthodoxy with innovation
Sergiy Nikolaychuk argues the future of central banking centres on adaptability as well as independence
Suspended Bulgarian deputy claims he is fighting for central bank ‘independence’
Eurozone candidate country’s deputy breaks silence on suspension, and his fight to get reinstated
Demand for cash: a global update
Antti Heinonen explores recent data on banknote demand and analyses its impact on cash infrastructure
Benchmarking
Most central banks forecast cash demand over one to three years
Median central bank expects 5% increase in cash in circulation in 2024
Inter-bank working groups
Facilitating connections between central bankers across the globe to promote the exchange of expertise and support collaboration.
Upcoming meetings include: Cyber risk management, social media in communications and upgrading forecast models.
All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Awards
Central Banking Awards 2024 ceremony honours best in field
Shirakawa receives lifetime award and Brazil is named central bank of the year
Central bank of the year: Central Bank of Brazil
The Latam central bank has pursued its mandate in an exemplary fashion, despite external pressures
Lifetime achievement: Masaaki Shirakawa
The veteran BoJ central banker called out the limits of monetary policy
Governor of the year: Andriy Pyshnyy
Pyshnyy kept Ukraine’s wartime economy stable and won vital foreign support under huge pressure
Video and Podcasts
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
Former BoJ head speaks about the need to understand banking, make contingency plans and current policy constraints
Podcast: cash in the payments landscape
Podcast: the ‘global unsyncing’
Podcast: the ECB’s collateral framework expansion
Book reviews
Book notes: The road to freedom: economics and the good society, Joseph E Stiglitz
Book notes: Carbon colonialism: how rich countries export climate breakdown, by Laurie Parsons
Book notes: Money in the 21st century: cheap, mobile, and digital, by Richard Holden
Book notes: The monetarists: the making of the Chicago monetary tradition, 1927-1960, by George S Tavlas
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Suptech adoption: strategy and capacity building drives supervisory transformation
The long and short of it: from ‘new normal’ to ‘old ordinary’
Monetary policy and reserve management in an era of uncertainty
Navigating uncertainty: the impact of the 2024 US elections on emerging markets
Fixed income in a new era
The long and short of it: Central Banking case studies in point
Fixed income factor portfolios for institutional investors
From debate to dilemma: should reserve managers diversify when rates are high?
Building future-proof cyber security in the financial system
