Articles by Central Banking Newsdesk
MAS promotes e-payments amid pandemic
Central bank launches campaign for PayNow and universal QR code
Sarb cuts rates to historic low
Unanimous decision comes as growth outlook and inflation forecasts revised; South Africa’s risk profile has increased
US must overhaul statistics to fight coronavirus – Minneapolis Fed paper
New methods, laws and cross-sector agreements are necessary to support real-time data analysis, research says
Fed unveils $2.3 trillion package for ‘Main Street’
Package launched as 6.6 million more people claim for unemployment insurance
IMF doubles emergency lending capacity
Fund considering other options including SDR issuance, says Kristalina Georgieva
ECB minutes reveal resistance to lifting self-imposed limits on PEPP
Some governing council members did not deem new programme necessary, proposing to use APP or OMT
Apra suspends bank licence issuance
Prudential regulator will continue to review applications while six-month suspension is in place
Israeli reserves fall sharply on dollar liquidity provision
Central bank’s portfolio decreases by $5.1 billion in March
BIS paper finds little evidence of ‘liquidity trap’
Monetary policy remains effective even very close to the lower bound, economists find
Kosovan central bank rolling out response to coronavirus shock
Governor Fehmi Mehmeti says economy is vulnerable but the central bank is taking action
Thailand’s central bank throws support line to SMEs
Businesses will be eligible for new financing facility and payment holiday
Central banks may have to become ‘dealers of last resort’ – BIS economists
EMEs have not overcome “original sin” by deepening local currency bond markets, authors warn
RBNZ to start buying local government debt
Central bank expands its large-scale asset purchases in the wake of the Covid-19 shock
Riksbank expands incentives for lending to small firms
Central bank continues with flurry of crisis-fighting measures
People: Sarb and BoE renew senior appointments
Senior Sarb and BoE officials receive new terms; MAS picks new assistant managing director; ECB appoints director; William Dudley takes consulting job
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”