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SNB to hand out cash earmarked for exchange of defunct notes
Up to $1.07bn, previously reserved for bills that were never exchanged, will go to government and aid
BoE governor gives optimistic forecast about scenario approach
Bailey says new method allows for better projections, given growing frequency of ‘black swans’
NGFS adds near-term climate scenario to analytical toolkit
New framework looks at economic impact of environmental changes in next five years
Czech National Bank reduces rates by 25 basis points
CNB makes “very cautious” move amid domestic economic recovery and international uncertainty
Georgia and Armenia hold rates
Central banks in both Caucasus nations point to risks of inflation resulting from US tariffs
Falling oil prices bode ill for Russia – Bank of Finland blog
Higher deficits may cause authorities to engage in monetary financing, says Heli Simola
FOMC vote rotation ‘distorts’ rates – NBER paper
Regional Fed presidents make decisions based on local conditions, research finds
Pakistan cuts rates to 11%
Central bank expects inflation to rise to 5–7% target level over coming months
Eurozone exports to US unlikely to rise in trade war – ECB study
US tariffs rerouted Chinese goods to eurozone, but exporters there failed to boost US presence
Almost half of eurozone ready to stop buying US goods – ECB study
Tariffs have triggered significant animosity among consumers, research finds
De La Rue completes sale of authentication division
Banknote maker to focus exclusively on currency business
Natural interest rate driven by productivity growth – research
Population increase also plays important role in determining metric, RBNZ paper finds