Articles by Central Banking Newsdesk
BoE paper questions technological explanations for falling ‘labour share’
Measurement problems may account for less income seeming to flow to workers, authors say
Ghana sees route to ‘cash-lite’ economy through mobile money
Central bank deputy governor promises development to further encourage fintech
New York Fed forced to clarify Williams’ speech
Spokeswoman steps in after Williams appears to hint at more aggressive policy cut
Cash usage keeps falling in Netherlands
In 2018, 37% of purchases were paid for in cash, down from 41% in 2017
BoE paper models stress in non-bank sector
Authors highlight importance of “tipping points”, which can lead to amplification of stress
UK financial regulators begin work on ‘air traffic control’
BoE, FCA and others to co-ordinate more closely on regulation
British lawmakers ask BoE for latest Brexit analysis
Publication of previous analysis led to angry criticism by UK politicians
South African central bank cuts rates after first-quarter growth plunge
South Africa saw 3.2% GDP contraction in first quarter after major power shortages
Swift says Singapore trial cut cross-border payment times
Network argues existing payments systems can be used for cross-border transfers
Reforms have cut Latin American unemployment – IMF paper
But informal employment and inequality remain high, researcher says
ESM shakes up management structure
EU agency adds board member and new divisions to prepare for expanded role
BIS paper proposes network model of global contagion
Authors create a network of CDS linkages to assess contagion risk in the financial system
Pakistan sharply increases rates on higher inflation
Central bank increases the policy rate by 100 basis points to 13.25%
UAE central bank hails new financial stability remit
Financial stability report notes NPL levels have risen, but banks are also making larger provisions
BoI paper presents new method for eurozone inflation forecasts
Model works well to predict inflation using data from bloc’s four largest economies, authors say
Venezuelan opposition nominates ad hoc central bank board
Legislature aims to prevent Maduro’s regime from accessing gold and foreign currency reserves
Cash no longer US’s most popular means of payment
Debit cards were the most frequently used means of payment in 2018, Fed report finds
BoE’s Hauser sheds light on ‘quantitative tightening’ in the UK
Central banks have a greater obligation to provide liquidity in good times and bad, official says
Bank of Canada latest to reform key reference rate
Central bank is set to take over administration of new reference rate next year
Lagarde resigns as IMF managing director
Selection process to find successor will start “promptly”, IMF says
IMF supports Cabo Verde’s reforms with new programme
IMF supports monetary policy reform and says the central bank must improve supervision and comms
E-money poses serious threats to financial system, says IMF paper
Paper recommends a ‘synthetic CBDC’ to preserve financial stability
IMF paper analyses Philippines inflation
Longer delay in tightening rates would have led to higher inflation, researchers find
FOMC considers using repo facility
But some committee members warn over possible financial stability risks