Articles by Central Banking Newsdesk
Former Sri Lankan governor's passport seized by anti-bribery commission
Ajith Nivard Cabraal, who stepped down on January 9, is ‘prevented from leaving the country' as government cracks down on ‘corruption' under former administration
Basel Committee signals shift towards Basel III implementation
With Basel III standards largely finalised, the Basel Committee’s 2015-16 work programme indicates focus on implementation and efforts to shore up confidence in capital ratios
Carney says eurozone QE 'absolutely necessary'
Bank of England governor says it will ‘create some of the necessary conditions’ for returning prosperity to the eurozone; discusses distributional consequences of monetary policy
Venezuela to adopt new currency exchange system
Venezuela’s president announces changes to the country’s three-tiered currency exchange system, adapting the higher rate to market fluctuations
BoE’s Miles: Monetary policy 'does not hold all the cards'
Monetary policy cannot be expected to achieve price stability 'in isolation from things fiscal’, argues David Miles, MPC member at the Bank of England
Danish central bank cuts rates for second time this week
National Bank of Denmark lowers deposit rate for second time in four days following ECB action; central bank will defend euro peg ‘vehemently', says analyst
Swiss gain greater access to renminbi markets in new deal
SNB and PBoC ink deal on RQFII quota for Switzerland and establish renminbi clearing in the country; latest in a string of agreements aimed at renminbi internationalisation
Productivity performance sparks uptick in US entrepreneurship, finds Boston Fed paper
‘Modest improvement' in 2012 and 2013 follows a 'significant decline' in firm creation after the financial crisis to the lowest level since 1977
New core inflation measure proposed in IMF paper
Measure proposed by researchers from IMF and Central Bank of Brazil takes into account both volatility and persistence, ensuring all relevant information is exploited
EBA chairman says supervisors should break up unresolvable banks
Supervisory entities ‘should have the guts’ to break up an unresolvable bank, European Banking Authority chairman Andrea Enria tells Davos audience
UK’s FCA declares success in nudging savers towards new products
Occasional paper presents results of trial involving over 20,000 consumers to see if they could be encouraged to seek higher returns; produced ‘notable difference’ in behaviour
NY Fed's Baxter targets stronger ethical culture in banks
Thomas Baxter says progress is more important than ‘perfection' in promoting better behaviour among financial industry workers
PBoC governor questions western central banks' ability to boost inflation
Speaking in Davos, Zhou Xiaochuan says 'monetary policy is not a panacea to reach targets', while Kenneth Rogoff says ECB QE will not be 'big enough'
Fed’s Powell offers support for ‘ambitious’ BoE review
Jerome Powell points to the importance of reflecting on structural changes in the fixed-income, currency and commodities markets
Eurozone banks report further easing in credit standards
The net percentage of banks reporting easier credit standards continues to grow; ECB survey finds banks’ participation in TLTROs is mostly driven by profitability
Dutch paper examines bank responses to wholesale funding shocks
Working paper published by The Netherlands Bank finds banks with large exposure to government bonds show ‘relatively stronger response’ to wholesale funding shocks
BoE’s Cunliffe wants better allocation of capital in Europe
Better functioning capital markets would encourage savings to be put to better use, allow greater risk sharing and provide alternative sources of finance, deputy governor says
IMF: Central banks ‘must' ease if inflation expectations drop
Easing should be conducted through ‘other means' than interest rates if they are at ZLB, Fund argues in WEO update, which downgrades global growth forecast for 2015 to 3.5%
Honohan: EU-IMF programme a qualified success
Following conclusion of programme Central Bank of Ireland governor says it did 'what it said on the tin' by restoring market confidence and stabilising the economy
RBI director cautions against foreign ‘investment tourists’
Financial stability implications of investors leaving India 'at a whiff of trouble' must be kept in mind as the country progresses down path of liberalisation, Padmanabhan says
National Bank of Denmark heads deeper into negative territory
Unscheduled cut pushes deposit rate further below zero and leaves lending rate barely in the positive as krone comes under pressure ahead of expected ECB action
Lower productivity behind growth slowdown in African middle-income countries, IMF paper finds
Slowdown in total factor productivity 'largely responsible' for weaker growth in small middle-income African economies, authors argue
Fed sets up permanent community advisory council
First advisory council since the 1980s set up as Federal Reserve fights claims that its policies are benefiting wealthy investors at the expense of middle-income households
Capital controls may do more harm than good: NBER paper
Working paper attempts to gauge the adverse effects of imposing capital controls, including segmented financial markets, more expensive capital, and reduced investment