Articles by Central Banking Newsdesk
Bank of Thailand advocates washing banknotes
Central bank says “mild detergent” or soapy water will be enough
Bank of Korea launches CBDC pilot
Bank of Korea starts 22-month CBDC test in preparation for future needs
Bank of Mexico lacks scope to counter Covid-19 – minutes
Officials highlight limited scope to lower rates below 6.5% without stoking inflation
Covid-19 could accelerate CBDC development – BIS economists
Fear could promote use of CBDCs but data is yet to point to whether cash demand has changed
Bank of Israel launches targeted lending operations
Central bank offers cheap loans to banks as part of Covid-19 response package; research department estimates point to major growth impact from virus
HKMA staff to get 2.5% pay increase
Senior staff, including chief executive Eddie Yue, request pay freeze
UAE president replaces central bank governor
Veteran banker appointed shortly after central bank unveils large-scale emergency finance package
ECB extends strategy review until mid-2021
Central bank postpones public events by six months due to the Covid-19 crisis
Malaysian central bank says economy likely to shrink
Bank Negara Malaysia says pandemic already having “significant impact”
US jobless claims eclipse previous week’s record high
Economy will require more fiscal support, say current and former senior government officials
Dutch former governor attacks PM for blocking eurobond
Nout Wellink says Netherlands must prevent further debt crisis in Southern European countries
New Zealand banks agree dividend suspension with RBNZ
Central bank launches new funding facility and asks banks to stop redeeming non-CET1 instruments
Bank of Portugal removes limits on credit card use
Central bank issues new regulation to encourage the use of electronic payments
Cares Act a very good start, but US may need bigger fiscal response – Rosengren
Boston Fed president warns pandemic could have significant impact on real estate market
IMF programmes must not get too large – Bundesbank paper
Preferred creditor status can lead to large-scale IMF operations crowding out private investors
Qatar Central Bank unveils mobile payments system
Central bank launches “new and safe method” for electronic payments
ECB makes record sovereign bond purchases
Central bank ramped up purchases under the PSPP programme in the week to March 27
East Asian economies face ‘profound’ impact from Covid-19 – World Bank
Report estimates growth could turn negative for the region in “lower-case” scenario
Covid-19 uncertainty to have long-lasting impact – SF Fed paper
Inflation may turn negative over the near and medium term, researchers estimate
Brazilian central bank seeks power to buy government bonds
Governor Campos Neto said the central bank should be able to support markets as its peers are doing
Central Bank of Colombia cuts rates and unveils liquidity support
Central bank cuts main rate and offers liquidity in US dollars and pesos
Covid-19 macro effects could last 40 years – research
Research from University of California says natural rate could take decades to return to normal
ECB asks eurozone banks to stop dividends
Bank of Israel also asks banks to reassess the distribution of dividends
Sarb consults on Covid-19 regulatory easing
Central bank mulls lowering Pillar 2A capital requirements