Articles by Central Banking Newsdesk
Central Bank of Brazil yet to see effects of tightening cycle
Inflation 'still shows resistance', July minutes note; bank lowered reserve requirements for lenders last week in bid to inject additional liquidity into Brazilian economy
Reza Moghadam quits IMF to join Morgan Stanley in London
IMF's Europe chief to 'return home' after 22 years with the Fund, lately ‘spearheading the Fund's response from one crisis to the next'; Thomsen promoted on an interim basis
BIS paper with New York Fed unveils new measure of underlying inflation
Economists from the Bank for International Settlements and Federal Reserve Bank of New York present a new measure that can be updated on a daily basis
Preferential treatment distorts banks' demand for government bonds
Transaction-level data suggests comparatively beneficial liquidity and capital regulation is incentivising banks to swap other bonds for sovereign debt
Central Bank of Nigeria inks deal to set up credit fund for small businesses
Governor Godwin Emefiele signs MoU with state governments on $1.4 billion fund to lower lending rates for SMEs, but critics call for speedier remedies
Atiur Rahman demands authorities tackle maturity mismatch in financial sector
Bangladesh Bank governor encourages long-term saving through life insurers and pension funds, in an attempt to generate more housing and infrastructure financing; also supports market development
Eurozone banks ease credit standards for first time since crisis hit in 2007
ECB bank lending survey shows that more banks eased credit standards than tightened them in second quarter of 2014
HKMA chief rejects use of $400bn fund for social purposes
Norman Chan says the HKMA’s exchange fund is the ‘last line of defence’ for financial stability and should be maintained as a buffer against ‘unforeseeable shocks and crises’
Bank of England unveils plans to lock up bankers' bonuses for seven years
New rule will mean financial sector bonuses can be 'clawed back' for up to seven years, but the BoE is also proposing bonuses are locked up until that period expires
IMF warns monetary tightening could hit EM growth
Advanced economies should collaborate with emerging markets, Fund says, to mitigate spillover effects of monetary tightening; says global imbalances remain too high
Spanish economists see short-run benefits in structural reforms
Working paper published by Bank of Spain says product and labour market reforms could boost output and employment now and in the future
Italy's Visco calls for more 'symmetric' monetary policy
Central banks should be prepared to tighten policy pre-emptively, Ignazio Visco writes in forthcoming Central Banking journal, in order to head off financial crisis
Broadbent says credible policy blunts current account deficit threat
UK current account deficit is historically large but is not threatening growth, new Bank of England deputy says, thanks in part to macroeconomic policy framework
Hong Kong and Thailand link settlement systems
New link will ensure the simultaneous delivery of US Dollars in Hong Kong and Thai Baht in Thailand; HKMA’s Peter Pang says it creates a ‘safer’ environment for settling forex transactions
Senior deputy at Bank Indonesia handed five-year term
The decision to retain Mirza Adityaswara should provide some stability to the board of governors, after a turbulent 2013 saw two-thirds of its members replaced
Kuroda says ‘prompt action’ needed to address impact of demographic changes
Bank of Japan governor tells Asian policy-makers to face up to the problems created by a shrinking working age population ‘at an early stage’
Cross-border vulnerabilities should be taken more seriously, IMF paper says
Working paper says funding vulnerabilities ‘have real effects', although they have declined since the crisis due to lower exposures and increased capital levels
Credit cards account for more than half of all payment cards in the US, report shows
Credit cards accounted for 334 million of the 776 million ‘general purpose cards' used in 2012; Over 250 million mobile payments made using mobile wallet application, Fed study finds
Bangladesh Bank lays out monetary policy stance for the rest of 2014
Central bank aims at lower inflation and external stability through containing money growth and building up foreign reserves
European and Asian central bankers meet to discuss monetary policy spillovers
East Asian governors hosted ‘high level dialogue' with Eurosystem counterparts, and appointed RBNZ deputy Spencer to chair financial markets working group
Kazakh central bank fund seeks advisers on managing $110bn reserves
Consultants sought to help direct country's reserve management strategy and SWF's growth in the alternative assets space
RBI executive director says ‘multiple instruments' needed to stem EM capital outflows
Deepak Mohanty says drawdown of forex reserves, monetary tightening, and augmentation of reserves needed to dampen speculative flows
Richard Cooper calls for monetary policy co-ordination to smooth global exchange rates
Harvard professor proposes internationally-agreed targets and gradual capital controls to mitigate worst effects of fluctuating exchange rates
Herding tendencies mean smaller banks won't solve moral hazard issue
Anticipation of bailouts encourages banks to invest alike, making bailouts more probable and crises more severe, Minneapolis Fed paper argues