Central Banks
Monetary-fiscal policy co-operation and the ‘slippery slope’
Barry Eichengreen assesses the risks central banks face from their closer links to fiscal policy
Semi-structural models are the forecast weapon of choice
Flexible modelling approach comes out on top; around half of central banks include a financial sector
Lessons from the Riksbank’s negative rates experiment
Sweden is the only nation to have implemented negative rates and then returned them to ‘normal’ territory. What can central bankers learn from the Swedish experience?
Gambian president appoints new governor
Senior bureaucrat at finance ministry takes role as previous governor becomes trade minister
ECB sets new climate risk requirements for banks
Survey of eurozone banks shows most do not disclose basic climate-related data, ECB says
Rehn says ECB should adopt average inflation targeting
Finnish governor says current target has “asymmetric downward bias”
Covid-19 likely to have major effect on UK cash usage – BoE
Risk of Covid transmission via banknotes diminishes significantly over time, BoE study finds
MAS sets up grant scheme to encourage green loans
Singapore’s central bank will pay part of banks’ and other firms’ costs in hiring environmental advisers
Jim Wolfensohn, 1933–2020
David Malpass leads tributes, saying former World Bank chief “transformed” the way it did business
Phillipines central bank says new website has improved comms
BSP says website’s mobile-friendly design and chatbot has boosted effectiveness
Icelandic Central Bank’s female employees earn slightly more than men
Central bank says figures indicate there is no unexplained pay gap
Sveriges Riksbank announces big QE boost
Swedish central bank increases size, scope and duration of asset purchases
FCA starts to move firms’ data to new platform
UK regulator says RegData platform is faster and more accessible than previous system
Olli Rehn on AIT, market neutrality and EU fiscal policies
The Bank of Finland governor talks about the ECB’s strategy review, market failure on climate change, lessons from the sovereign debt crisis, and the Draghi legacy effect on Covid-19 responses
ECB highlights new channel reinforcing sovereign-bank nexus
State guarantees indirectly increase banks’ exposure to sovereign risks through corporates
Green firms see equities rise as climate concerns grow – NBB paper
Researchers track relationship between media coverage and large firms’ equity values
RBNZ to re-impose loan-to-value limits from March 2021
Central bank records increase in mortgages granted to high-risk lenders
US banks cede to SOFR lending as credit hopes fade
Critics of risk-free rate say dynamic spread will be too late for transition
MAS unveils yuan funding for banks in Singapore
New funding scheme of up to 25 billion yuan replaces overnight funding facility
Sama changes name again under new central bank law
Law change updates and clarifies central bank’s role and responsibilities
Forensic auditors walk out of Lebanese central bank
Finance minister says central blank blocked audit as president stresses investigation must continue