Central Banks
EBA’s Campa on simplifying EU regulations and supervising stablecoins
The departing pan-European supervision chief speaks about advancing the banking union, streamlining the implantation of new rules, financial resilience and why he is stepping down early
BoE paper offers methods for policy-making under uncertainty
Forecast-based, news-based and rules-based methods can be used together, authors say
Top officials weigh impact of trade war and AI
ECB president says impact of US tariffs has been “exact opposite” of expectations
‘Ghana is back’, says central bank governor
Johnson Asiama speaks on gold programme, sterilisation and tight monetary policy
Tunisian government to seek monetary financing again
Treasury plans to tap $3.7 billion from central bank to plug fiscal deficit and repay foreign debt
Central banks’ asset purchase programmes thin out further
One in five inflation targeters still use scheme, but most plan to taper purchases
Stability before competitiveness, say supervisors
ECB’s Donnery and BIS’s Restoy discuss merits of imposing secondary mandate on growth
Bank of Italy develops cross-border payments solution
Researchers say their approach enables instant cross-currency international transfers
FSB’s Schindler highlights shift in focus for standard setters
Finance ministries are prioritising growth over regulation, but not all post-crisis work is complete
Miran accuses FOMC members of alienating conservatives
‘Singling out one set of policies’ can make conservatives ‘feel they’re opposed to them’, said Miran
MNB files embezzlement charges against building developer
Ballooning building renovation costs prompted inquiry into friend of ex-governor’s son
Prioritise CBDCs over stablecoins, RBI’s Malhotra tells central banks
Indian central bank governor says CBDC collaboration needed to boost cross-border payments
Most monetary policy units sufficiently resourced
Macroeconomic analysis and research duties are officials’ top functions
Powell defends policy stance and balance sheet
Fed chair stands firm, amid criticism from Bessent and others
BIS article notes changing effects of dollar weakness on EMEs
Investment channel likely to become more important countervailing force, authors say
Tariffs will not solve US ‘twin deficits’, BdF governor says
Villeroy de Galhau wants to maintain spirit of transatlantic co-operation despite disagreements
Do BIS volumes soar past the trend?
Average daily FX volumes have surged to $9.6 trillion in latest triennial survey, but are these figures representative?
Digitisation of money brings more regulatory risks – IMF head
Georgieva says crypto regs are in early stages and not yet coherent internationally
Monetary policy staff annual pay rises year on year
Divisional budget averages less than $10 million a year
US inflation expectations at risk of de-anchoring – Boston Fed study
Authors say post-Covid spike has altered perceptions of future price stability
Diverse opportunities lead to more resilient labour markets – study
Minneapolis Fed authors say economic concentration makes it harder for areas to recover from shocks
Firms in Italy keep mafia closer when credit is tight – paper
Economic shocks make it harder for businesses to refuse cosa nostra’s offers, says central bank report
RBNZ plans to relax lending restrictions for home purchases
New Zealand central bank says moves will make borrowing easier for first-time buyers