Articles by Central Banking Newsdesk
RBI deputy reviews Indian macro-prudential experience
Kamalesh Chakrabarty evaluates India’s experience with macro-prudential policy and considers how central banks can build analytical frameworks to guide their oversight
Fed bars BofA from raising dividends after flawed capital submission
Federal Reserve orders Bank of America to resubmit capital plan after bank discovers inaccuracies dating back to Merrill Lynch takeover that caused miscalculation of capital ratios
Financial markets still fragmented, say ECB and Commission
European Central Bank and European Commission find the eurozone is more economically and financially fragmented now than it was before the crisis
Anti-capitalist group claims responsibility for Bank of Greece bombing
The ‘Revolutionary Struggle', a terrorist group that the Greek police claimed to have dismantled in 2010, says it was behind the attack that injured two on April 10
People: Former Sarb deputy takes over state pension fund; Somali governor confirmed
Familiar faces return to Somali, Swedish central banks, while former Sarb deputy and World Bank executive Renosi Mokate takes the reins at South African pension fund
Ukraine central bank says currency can be stabilised without interventions
The National Bank of Ukraine does not for now see the need to intervene in currency markets to stabilise the exchange rate; new deputy governor appointed
Bank of Russia hikes interest rates amid growing signs of stagflation
The Bank of Russia raised its suite of interest rates by 50 basis points after one percentage point inflation increase since mid-March; says ‘persistently high' oil prices have ‘stabilising effect'
Poloz says low rates may be new norm
Bank of Canada governor Stephen Poloz says there is growing consensus that interest rates will remain at low levels even when the Canadian economy has recovered
ECB publishes final SSM framework
European Central Bank finalises framework for Single Supervisory Mechanism; sets out relationship with national competent authorities and criteria for determining significance of banks
Korean research analyses transmission of exchange rate movements to domestic prices
Korean working paper finds imported inputs play ‘major role’ in transmitting exchange rate fluctuations to the domestic price level
Sarb forecasts further impact from Fed taper
Financial stability review highlights domestic risks that could ‘amplify’ the impact of US monetary policy on the South African economy
SNB refuses to give ‘all clear’ on housing market despite capital buffer rise
Thomas Jordan tells Swiss National Bank shareholders that real estate prices remain a concern despite the recent increase in the counter-cyclical capital buffer
Riksbank minutes reveal fissures on ‘leaning against the wind' amid low inflation
The Riksbank's decision not to cut interest rates amid weak inflation earlier this month was preceded by heated debate, minutes show
Growth to remain 'subdued' in Latin America in 2014, according to IMF regional outlook
Fund warns lower commodity prices, tighter external financing conditions, and domestic supply bottlenecks likely to offset 'positive impulse' from recovery in advanced countries
Chile paper finds increased pass-through from international to local inflation in OECD
Analysing pass-through in 31 OECD countries, working paper also finds 'heterogeneity in size and statistical significance - especially important at the core level'
Constancio hails Banking Union's ‘remarkable sharing of sovereignty'
ECB vice-president Vitor Constancio says Banking Union with no common recapitalisation tool requires EU's biggest economies to surrender their advantage
Danish architects design new Central Bank of Libya
Copenhagen-based architectural firm won competition announced by central bank last July; building's desert-inspired façade to ‘express dynamism of Libyan economy'
Draghi maps out ECB reaction function
Mario Draghi reveals the different circumstances under which the ECB would use each of the monetary policy instruments at its disposal
Former BoE staff clash over reserves accounting in Central Banking debate
Central Banking On Air debate panellists Charles Goodhart and Tim Young clash over the relevance of mark-to-market accounting for central bank reserves
BoJ takes financial system's temperature
Bank of Japan says financial systems are generally healthy and resilient, but could be impacted by an economic downturn coupled with a rise in interest rates
Exchange rate depreciation is of limited benefit to small, open economies, says Barbados governor
Central Bank of Barbados's DeLisle Worrell says small, open economies face forex constraint that frames economic policies and cannot be alleviated by fall in real exchange rate
IMF paper finds QE cut real US Treasury yields by 140bp between 2008-12
Using a structural arbitrage-free model of demand pressures on US real interest rates, working paper finds domestic and foreign purchases has had big impact
Gulf statistics centre to promote transparency by working ‘hand-in-hand' with IMF
GCC-Stat, a joint effort by the Gulf states to improve collation of national data, hailed by IMF as an ‘important boost' that will harmonise implementation of international standards
Coen appointed new Basel Committee secretary-general
William Coen takes over Basel Committee secretariat after seven years as deputy; Wayne Byres leaves to head Australia’s prudential regulator