Articles by Central Banking Newsdesk
Ukraine president moves to replace central bank chief
Newly elected president of Ukraine puts bill before parliament to replace central bank governor Stepan Kubiv with investment banker Valeria Gontareva
PBoC approves direct trading between renminbi and sterling
The pound will become only the fifth currency that can be directly exchanged with the yuan; People’s Bank of China names China Construction Bank as renminbi clearing bank in London
Finland paper: Loans-to-deposits among best indicators of banking crises
Paper examines banking crises in 11 EU countries between 1980-2013; growth rates and trend deviations of loan stock variables also yield 'useful' signals of impending crises
BoJ minutes reveal concern over supply-side issues
Policy board members say that while QQE is supporting higher levels of demand in the economy, it is also contributing to supply-side problems such as labour shortages
RBA likely to keep policy on hold
Reserve Bank of Australia board expects to keep its cash rate on hold at 2.5% for ‘some time yet’ as inflation remains within the central bank’s target
Czech banks could ride out recession plus deflation, central bank says
The Czech financial sector is exposed to bond volatility but banks have sufficient buffers to survive a ‘strong recession accompanied by deflation', financial stability report says
Luxembourg central bank accuses government of withholding statistics
Central Bank of Luxembourg says it will not be able to honour its commitment to publish a ‘thorough analysis’ of public finances this month because it cannot access the data it needs
Bank of England annual report reveals top staff salaries
Annual report reveals the Bank of England made a £120 million profit in the year to February; publishes salaries of senior staff
Rajan: RBI ‘could give up’ some powers
Reserve Bank of India should retain its regulatory powers, Rajan says, but it could cede part of its debt management role to the government ‘without any loss in welfare’
Russia returns to floating ruble strategy as Ukraine pressure cools
Bank of Russia has reduced the amount it will intervene to prop up the ruble, signalling an easing of geopolitical pressure on the currency
Public satisfaction with Bank of England at post-crisis high
'Net satisfaction' with the way the Bank of England sets monetary policy was 31% in May, poll shows; results reflect improving economic outlook
Lagarde says Yellen should double FOMC press conference frequency
IMF chief says clear communication is needed to dispel market uncertainty over US interest rate lift-off; also calls on FOMC to publish quarterly monetary policy reports
Banque de France paper quantifies impact of EBA capital exercise on lending
Banque de France working paper examines lending behaviour of banks subjected to the recapitalisation exercise ran by the European Banking Authority in 2011–12
Poland governor Belka's comments cause political storm
Conversation from last summer shows NBP governor called for finance minister to be replaced, and made disparaging remarks about colleagues on the MPC
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for Chinese currency in July; latest step in growth of offshore market
Revisions to output gap estimates can skew fiscal stabilisers, IMF says
Working paper proposes a ‘rule of thumb' to take into account the likelihood of revisions to estimates of potential GDP when activating fiscal stabilisers
Poloz warns of household vulnerabilities in Canada's financial sector
Bank of Canada governor Stephen Poloz says enhanced framework to highlight vulnerabilities shows household debt and housing lending are areas of concern
Bank of England given far-reaching macro-prudential powers over housing
UK chancellor unveils ‘big new steps' that will allow BoE to cap loan-to-value and loan-to-income ratios on mortgages; Carney ‘applauds' decision
Stanley Fischer confirmed as Fed vice chair, as Brainard joins the board
Lael Brainard passes Senate vote to become newest member on Fed board of governors; expected to be sworn in before FOMC meeting on Tuesday
Romania governor calls for early entry into Banking Union
Romania will be affected by Banking Union either way, argues governor Mugur Isărescu, so would be better off inside rather than outside
Weidmann says sovereign bond purchases are ‘sweet poison’ for governments
Deutsche Bundesbank president Jens Weidmann outlines his concerns about sovereign bond purchases, saying central banks face ‘being dragged and driven’ by fiscal policy
Philippines tailors stress tests to real estate exposures
Central Bank of the Philippines approves new prudential guidelines to incorporate in bank stress tests; insists they are preferable to ‘absolute limits’ on real estate exposures
Australian sovereign wealth fund appoints new head
Chief investment officer David Neal picked to head up the management company behind Australia's $90 billion Future Fund
Belgians call for ‘strong co-ordination’ to hold EU prudential regime together
Article in National Bank of Belgium's financial stability review evaluates the institutional structures that will influence macro-prudential policy in Europe