Central Banks
Miran threatens Fed independence and lacks credible analysis, say experts
Economists disagree with governor's assessments of neutral rate and forthcoming inflation
Denmark and Sweden should join eurozone, Finnish governor says
Scandinavian countries would benefit from cheaper infrastructure, says Olli Rehn
ECB does not have rule-making power – Elderson
Binding decisions are based on existing regulations and not supervisory expectations, board member says
San Marino blocks bank sale, looks to quell instability
Central bank says financial system is “solid and resilient”
Bailey defends BoE’s internships for black applicants
Governor says internships are open to all, after politicians say programme is “discriminatory”
Quarter of central banks have government reps on MPC
Only one such committee publishes policy-makers’ votes
PBoC’s language suggests policy shift on yuan – China economist
Central bank drops ‘cautious’ from pronouncements on currency’s internationalisation
US long-term unemployment uptick worries researchers
Minneapolis Fed authors point to ‘large and consequential trend’ upwards
Concentrated IT market poses systemic risks, Dutch say
AFM and DNB urge Europe’s financial sector to diversify digital service providers
Half of central banks offer no forward guidance
MPCs that meet at above-average frequency less likely to observe blackout period
RBA’s Bullock confident in banks’ ability to meet quantum risks
Central bank governor says more innovation and collaboration will be needed in future
SNB to open ‘Moneyverse’ in renovated visitor centre
“Interactive experience” will help financial literacy and give “glimpse” into the SNB, central bank says
Fed researcher makes case for liquidity support for non-banks
Central clearing, liquidity regulations and balance sheet policies may be key, says author
Career concerns can lead to better FOMC voting – NBER paper
Study examines range of biases among Fed decision-makers
BoE’s Woods rejects call to exempt gilts from leverage rule
Bank capital regime must account for sovereign bonds’ interest rate risks, PRA chief says
MPCs with more frequent meetings tend to be more transparent
Just under three-tenths of central banks publish current level of r-star
BoK holds policy at 2.5% and signals room for further cuts
Rhee Chang Yong says four of six board members open to cutting to 2.25% over next three months
Interesting developments in currency denomination structures
Antti Heinonen explores recent changes in currency structures and the reasons behind them
Waller proposes ‘skinny’ master accounts for Fed payment services
New facility would enable firms to access Fed services without having to go through third-party lenders
Machine-to-machine could be future of payments – study
Existing 402 web protocol, coupled with AI, could enable frictionless transactions, says author
ECB and BoJ officials reject explicit forward guidance
Central bankers promote ‘meeting-by-meeting’ approach to rates setting
BoE plans system-wide test on private credit risks
Bank aims to probe market after First Brands and Tricolor collapses raise alarms about subprime lending
Geopolitics and supply shocks top monetary policy risks outlook
Risk factors vary by nominal anchors and geographical regions