Articles by Central Banking Newsdesk
Bank of Guyana governor dies of cancer
Lawrence Williams, head of the bank since 2005, dies of cancer after long illness; deputy Gobind Ganga to assume governorship, according to reports
New Zimbabwe governor demands transparency
John Mangudya backs planned reform at the Reserve Bank of Zimbabwe and calls for a more ‘transparent and responsible’ institution
BoJ has increased income inequality, says Dutch paper
Researchers at The Netherlands Bank say the Bank of Japan’s asset purchases have contributed to the country’s income inequality by pushing up asset prices
Lagarde warns Arab world of ‘lost' generation
IMF managing director Christine Lagarde says Arab countries must build economies on participation, not privilege, to cash in their demographic dividend
Draghi points to ECB action next month
European Central Bank holds rates but is ‘comfortable’ with the prospect of easing monetary policy following next month’s economic forecasts
New Riksbank data finds household debt higher than previously thought
Study by the central bank puts average debt ratio for households with mortgages at 313%, roughly double the official national average
IMF pushes Kazakhstan to modernise monetary policy
The National Bank of Kazakhstan should widen its exchange rate band and adopt ‘more effective’ interest rate instruments, the IMF says
Albania governor says lack of European co-ordination exacerbated crisis spread
Bank of Albania governor says big European banking groups can transmit global and European shocks to small economies in south-eastern Europe
Jeremy Stein casts doubt on Fed's communication strategy
The governor, who steps down later this month, says he failed to appreciate how challenging communicating monetary policy can be before joining the Fed
RBNZ’s Wheeler threatens currency intervention
Graeme Wheeler spells out the Reserve Bank of New Zealand’s concern over its ‘overvalued’ currency, and says the central bank would consider intervening
Bank of Zambia holds seminar for local journalists
The Bank of Zambia held a three-day seminar for journalists at a holiday resort last week, impressing on them their responsibility to provide accurate information on the economy
State secretary takes over at Kyrgyz central bank
Head of the government’s economics department, Tolkunbek Abdygulov, is appointed acting governor of the National Bank of the Kyrgyz Republic at the age of 37
Big eurozone economies dragged each other down during eurozone crisis
Sovereign CDS in Spain and Italy showed ‘notable co-dependence' in 2009–12 and also explained much of the widening in Germany's spreads, IMF paper says
Iran takes transparency lesson from Azerbaijan's SWF
Iran's sovereign wealth fund managers travelled to Azerbaijan to discuss improving fund transparency and international co-operation
Yves Mersch says EU treaty change could entrench monetary and banking union
Changing the EU treaties could, according to Mersch, help strengthen the institutional framework underpinning the Economic and Monetary Union
Central Asia's central banks should shift attention to communication strategies – IMF
While some central banks in the Caucasus and Central Asia ‘require further development of instruments', others may ‘shift attention to communication strategies
Bank of Italy wary of emerging market risk
Italy’s central bank reports improving financial conditions in the eurozone, but remains wary of low inflation and emerging market slowdown
OECD urges ECB to cut key rate
The OECD chief economist calls on the European Central Bank to cut its main refinance rate to zero and prepare for ‘additional non-conventional stimulus’
Finland deputy: Banking union may 'exacerbate conflict' for national supervisors
Banking union is envisaged to lessen the role that national interest plays in bank supervision, but Pentti Hakkarainenin warns of potential short-term setbacks
Bangladesh Bank governor hails SME finance initiative
Central bank funding for SME lending has seen loans to small businesses grow in absolute terms, and as a share of bank lending, since 2010
Bank of Korea expresses macroprudential concerns
Bank of Korea says the financial system is ‘generally’ stable, but the corporate sector is struggling with static profitability and household debt is rising under some measures
BoE paper emphasises uncertainty over risk to argue for simpler regulation
Misguided ‘quest for ever-greater precision' in bank regulation is creating ‘ever-lengthening regulatory rulebooks' that are hard to communicate and bad at predicting outcomes
China should adopt new intermediate target for monetary policy, say IMF economists
Economists at the IMF analyse demand for money in China and conclude the PBoC would be better off targeting interest rates in the economy rather than monetary aggregates
Central bankers give mixed review of BoE forward guidance
One third of respondents to CentralBanking.com poll say the Bank of England’s second phase of forward guidance is an admission that its first attempt was a failure