Articles by Central Banking Newsdesk
People: Emefiele to chair key WAMZ committee; BIS appoints chief rep for Americas
Godwin Emefiele elected as chairman of the West African Monetary Zone’s committee of governors; Spanish economist Enrique Alberola Ila takes BIS post; more
UAE central bank to put Braille on banknotes
Emirati authority joins Hong Kong in using feature rejected by the Bank of England and Bank of Canada, on the basis that not all blind people read Braille
Weidmann: ECB monetary policy has ‘done its bit', fiscal discipline must prevail
Deutsche Bundesbank president Jens Weidmann says central bank independence could be threatened by lax fiscal policy; says ECB is at 'outer edge of its mandate'
Lagarde: monetary and fiscal policy must nurture eurozone back to growth
IMF managing director Christine Lagarde warns Europe of vicious cycle of economic decline if low inflation, high debt and high unemployment persist
South Sudan to East African Community: ‘do not reject us’
East African Community sends 'high level technical mission' to South Sudan in first step of a accession process which it expects will be 'tedious'
ECB paper finds rich to be richer than previously thought
ECB working paper uses rich lists to estimate wealth concentration, overcoming 'differential non-response' problems; finds wealth even more concentrated than traditional surveys show
IMF economist analyses effect of floods and storms on Caribbean debt-to-GDP
Both storms and floods have a negative effect on growth, IMF economist finds, but only floods affect debt in the natural disaster-hit region
Fed's Fisher warns macro-prudential ‘Maginot Line' will not keep out another crash
Dallas Fed president Richard Fisher says macro-prudential policy will not be enough to preserve financial stability - calling for a shrinking of the Fed's balance sheet starting in October
Riksbank minutes reveal dispute over IMF and BIS advice
Top Swedish central bankers debate the relevance of IMF and BIS advice for monetary policy to fight financial instability; question value of input from officials that do not set policy themselves
Yellen tells Congress Fed is ‘most transparent in the world'
Fed chair Janet Yellen faces Congressman who wants to enforce rules-based monetary policy, telling him it would compromise central bank independence
ECB sees no clear rival to US dollar as global currency
ECB article says a ‘multi-polar’ system with ‘several international currencies playing consequential roles’ is a more likely outcome than an out-and-out replacement for the dollar
MAS launches consultation on tightening up money laundering controls
Monetary Authority of Singapore releases consultation paper on amending the rules aimed at cracking down on money laundering and financing terrorism
Polish financial stability goes from strength to strength, report says
National Bank of Poland financial stability report says banking system is more resilient than ever, but threats from the outside environment remain
Effective oversight needed to consolidate gains from mobile payments infrastructure
Increased diffusion of mobile payments in developing countries calls for better oversight, IMF paper says - recommending that central banks cooperate with other regulators
Suriname governor says deeper international connections increase contagion risks
Governor Gillmore Hoefdraad says debate over housing macropru and monetary policy at the same institution is over, but the evolution of the instruments is ongoing
Yellen endorses calls for ‘community banker' on Fed board
Fed chair Janet Yellen says legislating to earmark seats on the board would be a mistake, but agrees the board would be improved by the addition of a community banker
RBA sees subdued wage growth ‘for some time’
Minutes from latest board meeting reveal discussion on labour market; board members say conditions have improved ‘a little’ but wage growth remains ‘subdued’
Draghi lays out views on structural reforms for new European Parliament committee
European Central Bank president Mario Draghi calls on MEPs to ‘seize the opportunity of a new parliament’ to consider how they might ‘develop the architecture of our Emu’
Israel governor Flug appoints new chief of staff
Daniel Hahiashvili appointed as chief of staff to the governor today; incumbent Eddy Azoulay moves to represent Israel at the European Bank for Reconstruction and Development
Carney tells parliament BIS report was 'made in a vacuum'; Kohn defends leverage ratio plans
Donald Kohn argues the case for a time-varying leverage ratio at parliamentary hearing; Carney and Bailey question practical application of BIS annual report
People: Sri Lanka promotes Samarasiri to deputy; Russia picks card system head
Central Bank of Sri Lanka promotes assistant governor Samarasiri to deputy; Russia appoints Vladimir Komlev to head up national payment card operator
Bulgarian state to rescue majority of depositors at scandal-hit banking group
Central bank seeks law change as council claims banking supervision was only in the purview of one deputy governor; loan records apparently destroyed on purpose
Lockhart needs higher wage growth and participation before raising rates
Atlanta Fed president says firmer wage growth and a higher participation rate are needed before the Federal Open Market Committee should raise interest rates
Review finds Belgian CPI still ‘diverges’ from HICP
National Bank of Belgium’s latest economic review analyses the recent changes in the methodology underpinning CPI, and demonstrates why it remains different from HICP