Central Banks
Euro has given France better interest rates – BdF official
Bénassy-Quéré says rates would have been higher if France had stayed outside single currency
Uruguay appoints new central bank president
Vice-president promoted as outgoing chief resigns
Falling r* a ‘mirage’ in open economies – IMF paper
Adding exchange rate to standard model significantly changes predictions, authors find
Ethiopia adopts market-based FX regime
Move follows monetary policy reform aimed at attracting IMF funding
Pakistan cuts rates by 100 basis points
Decision comes after country secures IMF funding amid falling oil prices
Hedge funds and dealers have outsized price impact – BoE paper
Mutual funds have smaller impact so may not play central role in fire sales, authors say
ECB sees ‘areas for improvement’ following cyber stress test
Experiment focuses on response and recovery from database losses on 109 banks
Central banks of Japan and Thailand renew swap agreement
$3 billion bilateral arrangement aimed at supporting financial stability and trade
Innovate to tackle challenges, says BoT deputy governor
Mallikamas outlines ways to deal with economic and geopolitical uncertainties
Singapore leaves monetary policy unchanged
Decision comes despite moderation in domestic inflation
Bank of Russia hikes interest rates by 200bp
Labour shortage continues to grow under war economy
Firms’ prices respond rapidly to CPI data – BoE study
Companies are more sensitive to rises in inflation than to falls
Eddie Yue reappointed as head of Hong Kong Monetary Authority
Chief executive says HKMA will promote stability amid “complex” economic and geopolitical environment
Income not main determinant of inflation variances – ECB study
Research claims “fixed shopping basket” method not helpful for measuring differences across households
Head of Malta’s central bank resists calls to resign
Prime minister removes embattled governor from board of financial services authority
Uzbekistan reduces policy rate by 50bp
Central bank delivers first cut since May 2023
The unbearable lightness of the krone
Norway's weak currency reflects financial markets’ lack of confidence in the country's economic policy
Banks begin tailoring offers to Gen Z’s needs – MNB report
First “fully digital” generation expects 24/7 digital payments solutions
Palestinian Monetary Authority launches instant payment system
Move aimed at providing alternative to traditional services damaged during conflict
PBoC unexpectedly cuts key interest rate
MLF rate’s 20bp reduction is largest decrease since 2020
BoE to open non-bank emergency facility in Q4
Central bank working “at pace” to deliver facility, as it publishes provisional design
Central bank balance sheets: is there an optimal structure?
Establishing guidelines is challenging, although there are many reasons why CBBSes are heterogeneous
Monetary Policy Benchmarks 2024 – model banks analysis
Further breakdowns of the data reveal patterns in staffing, liquidity tools and transparency
RBA examines central clearing for bond and repo markets
Central bank says recent developments mean there is a stronger case for CCPs