Articles by Central Banking Newsdesk
G-20 governors should co-ordinate exit, says IMF
Fund recommends greater co-ordination of monetary policy as well as negative interest rates at the ECB and devaluations in emerging markets, in report to G-20
Flug fears advanced economies will leave Israel behind
Bank of Israel governor notes gap between GDP per capita in Israel and US was close to 50% in 2011 and is expected to remain 'more or less the same' – a 'clearly troubling picture'
UK Supreme Court throws out $6.5m fraud case against Central Bank of Nigeria
The UK Supreme Court today accepted an appeal from the Nigerian central bank, which was accused of facilitating a $6.5m fraud in 1986
ECB paper tests resilience of Polish economy to interest rate shocks
Researchers find that output and prices in Poland have become more resilient to both interest rate and exchange rate shocks over the past two decades
Rwanda will keep easy policy while inflationary pressures are ‘limited’
National Bank of Rwanda introduces forward guidance in its latest semi-annual monetary policy statement; outlines plans to improve monetary policy transmission mechanism
Linde says reforms should focus on ‘twin engines of growth’
Bank of Spain governor says reforms are needed to mitigate the country’s ageing population and boost productivity
One in five Albanians has never heard of current or savings accounts
According to survey data analysed in Bank of Albania working paper, less than half of respondents know the concept of interest rates, but 80% understands the workings of inflation
Omani central bank chief still committed to dollar peg
Central Bank of Oman's Hamood Sangour Al Zadjali tells Central Banking journal the peg still offers 'substantial benefits' given Oman's economic structure
Central banks cut gold purchases by a third, as consumers pick up slack
Global demand for gold fell 15% in 2013 compared with 2012, as central banks slowed their purchases and ETFs made hefty divestments
BoJ extends lending schemes as economic growth disappoints
Two schemes aimed at stimulating bank lending are expanded and extended as economic data falls below Bank of Japan expectations; analysts expect more easing next quarter
Nigerian RTGS joins Swift
The country's adoption of the global payment platform yesterday is expected to improve settlement security and discourage the use of cash payments in the longer term
ECB's Praet defends ‘innovative' OMTs
Redenomination risk premia, as faced by the ECB in the eurozone crisis, was a new challenge for central banks that needed a new solution: outright monetary transactions
Reserve requirements may speed up development of capital markets, Peruvian paper finds
Central bank reserve requirements dampen credit cycles in periods of capital inflows and reduce their expansionary effects on aggregate demand, according to central bank working paper
Weidmann argues in Karlsruhe for strict monetary policy rules
Bundesbank president argues for legal strict limits to central banks' flexibility, saying such rules are particularly important to the functioning of European monetary union
RBA assistant governor says weaker Aussie dollar 'not surprising'
Transition of Australia's mining boom from 'investment to production phase' helps explain the currency's depreciation, says assistant governor Christopher Kent
Colombia sees benefit of weaker currency as inflation stays at record lows
Minutes say monetary policy framework is functioning well as lower levels of capital flight allow central bank to retain some of South America's lowest interest rates
Former HKMA chief Yam calls on PBoC to shift to policy rate
Founding chief executive of the Hong Kong Monetary Authority publishes a paper calling for interest rate and money base liberalisation on the mainland
Noyer paints picture of ‘European Federal Reserve System’
Banque de France governor sets out vision of the ECB operating in a similar style to the Fed – with France taking the place of New York
'Coupling' of domestic bonds to foreign markets increases in turbulent times
Chilean corporate bond returns are affected by long-term government bond returns and by foreign macroeconomic shocks in the eurozone and the US
Norwegian governor backs SWF rotation into higher-yielding equities and real estate
Øystein Olsen says it is ‘natural' for the country's pension fund to invest in different types of real assets; talks up the possibility of an above-average market return
Italian paper finds difficulties in risk weighting sovereign debt
Researchers at the Bank of Italy warn that applying higher risk weights to sovereign debt could be detrimental to banks’ funding conditions
Sarb hits out at ‘blatant misrepresentation’ ahead of South Africa elections
Central bank refutes claims by Democratic Alliance that Sarb models indicate support for the party’s economic policies; central bank calls for nominations to three non-executive directorships
IMF paper finds highly indebted nations can still grow fast
Results of a new study contradict findings of Reinhart and Rogoff, who argued that growth declines at debt of more than 90% of GDP
Public opinion of BoJ policy continues to dive
Bank of Japan survey shows majority of Japanese people now think interest rates are too low, while a growing proportion believe the economy will worsen over the next year