Central Banks
How (not) to review your monetary policy framework
The Fed made some mistakes in its last strategy review. As it prepares to have another go, it could learn from other central banks
RBNZ looks into promoting competition among banks
Central bank mulls greater access to its interbank payments system and changes to capital rules
‘Unpredictable’ risk driven by AI, geopolitics – Lagarde, Buch, Rehn
European supervisors call for caution – and more authority – at ESRB annual conference
IMF board approves funding to Pakistan
Institution disburses around $1bn in first instalment of extended facility
Machine learning can improve inflation forecasts – IMF paper
Model for Japan is “easily interpretable” and overcomes some drawbacks of standard models
Banxico study points to knowledge gap in analysis of Fed policy
Examining “information shocks” can lead to better assessment of the impact of FOMC decisions
Sri Lanka holds interest rates
Central bank to introduce single policy rate in “near future”
Fed’s new liquidity rule spells more pain for US regional banks
Limit on HTM assets follows move to deduct unrealised losses from capital buffers
Czech Republic, Sweden and Switzerland cut rates
25bp cuts across Europe follow Fed’s footsteps
Yellen highlights systemic risks from rise in non-bank lending
Treasury secretary says institutions’ share of credit now exceeds that of banks
Banks should account for Fed facilities in stress tests – Barr
Vice-chair says doing so would help alleviate stigma over using discount window
Bank of Mexico cuts rates by 25bp amid slowing inflation
Doveish tone signals further easing to come, say analysts
Libya’s rival factions nominate new central bank governor
Appointment under compromise agreement still has to be approved by parliament aligned with eastern forces
People’s Bank of China cuts RRRs and key rates
Bank starts to implement slew of stimulus measures
Bank Indonesia to launch central clearing house
Central bank says aim of CCP is to deepen country’s financial markets and mitigate systemic risks
Central banks must reckon with the costs of quantitative easing
Asset purchase programmes have become a significant loss-maker for central banks. Jagjit Chadha says the losses raise questions about value for money, fiscal distortions and independence
Handful of central banks expanded swap lines in past year
Vast majority of swap lines offer US dollar liquidity
Energy data is ‘must-have’ for managing credit risk – Elderson
ECB board member calls for real data from energy efficiency certificates instead of proxies
‘The time to prepare is now’ – G7 probes quantum computing risks
Malicious actors may have quantum computers within a decade, expert group says
Clearer guidelines needed for crisis co-operation – FSI report
BIS institute publishes findings from exercise simulating bank failure in Latin America
Libyan factions agree compromise over central bank leadership
UN mission mediated talks after former governor fled
Central Bank of Liberia set for reform as IMF approves funding
Damning audit report leaves acting governor with a lengthy to-do list
BoE’s Greene strikes cautious note on consumption
Monetary policy committee member says UK consumption has been weak, but risks are to the upside