Central Banks
Central Bank of Brazil lowers bank reserve requirements in bid to boost liquidity
Reserves held against deposits cut in half as CBB hopes to inject $20 billion into economy; move ‘seems to be aimed squarely at getting economy going ahead of elections', says analyst
Bangladesh Bank lays out monetary policy stance for the rest of 2014
Central bank aims at lower inflation and external stability through containing money growth and building up foreign reserves
European and Asian central bankers meet to discuss monetary policy spillovers
East Asian governors hosted ‘high level dialogue' with Eurosystem counterparts, and appointed RBNZ deputy Spencer to chair financial markets working group
Kazakh central bank fund seeks advisers on managing $110bn reserves
Consultants sought to help direct country's reserve management strategy and SWF's growth in the alternative assets space
IMF calls for clarity on BoE monetary framework ahead of first rate hike
Bank of England ‘will need to announce soon what its new monetary control framework will be', the Fund says, adding it is ‘waiting to hear' from the bank
RBI executive director says ‘multiple instruments' needed to stem EM capital outflows
Deepak Mohanty says drawdown of forex reserves, monetary tightening, and augmentation of reserves needed to dampen speculative flows
Central Bank of Turkey tells lenders to drop all euros from reserve holdings
Only dollars will be allowed as a substitute for liras in required reserves, central bank announces; lenders forced to sell €12.7 billion
Richard Cooper calls for monetary policy co-ordination to smooth global exchange rates
Harvard professor proposes internationally-agreed targets and gradual capital controls to mitigate worst effects of fluctuating exchange rates
Herding tendencies mean smaller banks won't solve moral hazard issue
Anticipation of bailouts encourages banks to invest alike, making bailouts more probable and crises more severe, Minneapolis Fed paper argues
Sovereign bonds offer ‘return-less risk' says GIC's head of fixed income
The returns on offer from the biggest sovereign bond issuers offer too little return even for the small level of risk associated, says GIC's managing director in charge of fixed income
Ethical investment may not mean higher returns, says Norway fund chief economist
Ethical investment is ‘consistent with earning good returns' and suits a long-term strategy, but there is no evidence linking higher returns with avoiding unethical sectors
BoE exec calls for enough GLAC to restore capital level above minimum
Banks that have undergone resolution ‘likely to need at least as much capital as other banks in the market' to command market confidence
People: Sri Lanka and Nigeria add new monetary policy-makers; and more
Sri Lanka appoints secretary to the monetary board; professor joins Central Bank of Nigeria's monetary policy committee; New York Fed announces 51 new appointments
Banxico deputy says capital controls 'multilaterally detrimental'
Manuel Ramos-Francia says EMs that have implemented capital controls to stem capital flows have ‘deflected' them towards other economies, creating political tension
Serbia central bank takes aim at food price volatility to bring inflation in line
Agricultural commodity price volatility accounted for more than two-thirds of headline inflation volatility in 2013, the central bank says, leading it to seek measures to combat it
New Zealand SWF to invest in catastrophe reinsurance
Catastrophe insurance's strong liquidity and cyclical nature makes it a good fit for New Zealand sovereign wealth fund, investment strategist tells Central Banking conference
ECB data stolen in blackmail attempt
Hackers raid ECB database that contains around 20,000 email addresses of people who have registered for its events; security breach did not impact internal systems
Menon: ‘Too early’ to ease macro-prudential policies
Managing director says there are ‘some indications’ the property market is cooling down, but remains concerned by high prices and household debt
Riyad Bank deputy named Saudi vice-governor
Abdulaziz Saleh Al-Furaih, previously deputy director of Riyad Bank, joined the Saudi Arabian Monetary Agency this week
Weidmann encourages UK to stay in EU
Deutsche Bundesbank president says the UK and continental Europe are 'more than the sum of their parts' and have both benefited from the European Union
RMB inclusion in SDR would open way for investment by advanced economies
More advanced-economy central banks would join Swiss National Bank and invest in onshore renminbi assets if the currency was included in SDR