Articles by Central Banking staff
Governors’ salaries tend to rise with country income
Low income developing countries less likely to disclose data
African central banks most likely to manage sovereign wealth fund
FX reserve management, currency supply remain leading functions in most jurisdictions
US fiscal stimulus boosted vehicle price pressures – Fed research
Vehicle sales driven by consumer and small business stimulus, say Fed researchers
Anchoring inflation expectations increases FDI – research
Adopting inflation targeting also increases investment, researchers find
Debt-related driving bans create instability – Fed research
Punishments disproportionately affect low-income and minority communities
Governors rarely removed by central bank boards
Ultimate responsibility broadly vested in heads of state, other government entities
Governors’ terms average just over five years
Central bank chiefs are typically allowed two consecutive terms in office
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Around half of governments consult central banks on mandate reviews
Practice less likely to be found in Asia-Pacific and the Americas
Central Bank of Brazil cuts rate by 50bp
Copom says it expects to do the same at its next meeting in May
Some US banks vulnerable due to non-deposit funding, paper finds
Banks reliant on capital markets saw profits fall during tightening cycle, researchers say
Stablecoins show ‘flight to safety’ dynamics – NY Fed paper
Researchers argue these runs on stablecoins could cause wider financial instability
Current US wage trends may be here to stay – NY Fed research
Researchers present new tools for predicting wage growth in US
Elections influence bank lending in eurozone, study finds
Bank of Finland research suggests pre-poll uncertainty raises cost of loans
Most central banks’ cloud services are software-focused
Operational environment is largely hybrid and public, while access to server is often domestic
Hong Kong eases homebuying curbs to support real estate market
HKMA relaxes mortgage rules and government removes cooling measures
Fintech employees trained in AI in just over one-third of central banks
Senior management staff are least trained across jurisdictions
AI being adopted in over half of central banks
Supervision, document automation, data analysis and research are primary areas of use
Regtech strategy still lacking in majority of central banks
Stress testing, AML/CFT risk and reporting are top areas of application
Pandemic inflation fuelled by food and energy prices – BoJ study
Inflation in Japan and US driven by similar product market shocks, research finds
Suptech strategy adoption remains below 50%
Resource constraints and data quality issues are still barriers
Nearly all central banks see CBDC as environmentally friendly
Few jurisdictions see initiative as comparable to banknotes’ lifecycle
Central banks fear CBDC will heighten cyber threats
European jurisdictions less likely to be deterred by security concerns
Improving domestic payments efficiency drives retail CBDC research
Barriers to adoption include concerns around privacy, disintermediation and operational risk