Articles by Central Banking Newsdesk
People: Arce to lead ECB economics directorate
SNB deputy to retire; Vanuatu names new deputy; Glenn Stevens to chair Macquarie; and more
BdF paper looks at use of capital controls and foreign reserves
Many countries combine both to moderate effects of international capital flows
Georgia central bank orders 50bp hike
Central bank raises policy rate to 10.5% as inflation continues rising
New Zealand banks well positioned to face new Covid shock, says RBNZ
Central bank carried out both solvency and liquidity stress tests in 2021 exercises
RBA says DLT network is viable option for wholesale CBDC
Project Atom proved wholesale CBDC issued over DLT network reduced risk and improved efficiency of loan payments
RBNZ’s Bascand: ‘bias towards prudence is probably a good thing’
But next 10 years likely to see greater focus on efficient regulation, outgoing deputy governor says
FSB says gaps remain in resolution regimes
Ten years since resolution framework was published, bank bailouts are still taking place
Inflation to end year at 60%, Zimbabwe’s central bank says
Unofficial figures have annual inflation above 100%, but governor says monetary policy will keep prices in check
Bank of Israel increases banks’ ESG reporting requirements
Reform aims to bring higher transparency standards to Israeli financial system
IMF proposes Gita Gopinath for first deputy MD post
Georgieva hails chief economist’s move amid difficult relations with US administration
PBoC cuts reserve requirements
But easing measure partially offset by withdrawal of other liquidity support
ECB to choose new euro banknote designs by 2024
Banknote designs will be chosen by governing council, but public input will be vital
BEAC raises interest rates
Central African states’ shared central bank imposes first hike in three years
Quarles says Congress should rein in Fed funding
Former vice-chair for supervision calls for new body to wind down liquidity programmes
Kareem Michael to be new Belize governor
Former deputy governor will be third central bank head this year after predecessor was fired
Eurozone unemployment declines to 7.3%
Youth unemployment rate also falls but is much higher at 15.9%
Suptech use expanded during pandemic, says BIS report
Survey of regulators finds authorities’ leadership support is vital for suptech development
RBNZ begins wide-ranging review of cash
New Zealand’s central bank warns of potential harm caused by “retreat from cash”
Monetary policy’s potency may wane over time – BIS paper
Low rates might cause aggregate demand to become less sensitive to monetary stimulus, authors say
People: Chilean Senate confirms board member
Plus senior appointments in New Zealand, Sri Lanka, Bangladesh and more
Central banks’ diversity policies can only go so far – RBA’s Debelle
Policies can only go so far in reducing the inequality gap, Debelle says, while providing update on “reconciliation” plan
Eurozone QE helped increase R&D spending, paper finds
Firms that had bonds bought by the ECB increased R&D spending by 9% on average
Hungary central bank widens rate corridor to create ‘room for manoeuvre’
“Asymmetrical” rate corridor designed to allow central bank to tighten policy quickly
Kenya’s central bank highlights growth rebound in 2021
Inflation has fallen to 6.5% following government stabilisation efforts to stem fuel prices