Central Banks
Balance sheet policy needs rethink, economists say
BoE chief economist says central banks should focus more on risks of assets they buy
Riksbank slows down normalisation with 75bp rise
Ingves chairs last policy decision as Riksbank predicts higher inflation and lower growth
BoE’s Ramsden says forecasts now less reliable
High uncertainty means policy-makers cannot rely heavily on forecasts, deputy says
BoJ to test CBDC next year, reports say
Two-year pilot project will examine whether digital currency can work without internet access
Bank of Korea raises rates to highest level since 2012
Governor says board expects to continue increasing rates “for some time”
Advanced economy institutions tend to produce more papers
Emerging market researchers averaged five papers a year in peer-reviewed journals
UK Treasury makes first payment to BoE to offset QE losses
Indemnity was “integral” to QE but “day of reckoning” had to come, economist says
Bank of Israel slows down policy normalisation
Central bank increases rates by 50bp to 3.25%, as inflation stood at 5.1% in October
New York Fed advances two digital asset exchange projects
Regional Fed to test cross-border payments with MAS and explore “regulated liability network”
ECB paper presents new corporate default prediction method
Authors say their “distance to insolvency” measure outperforms other forecasting methods
PBoC eases rules to lure foreign bond investors
New rules include allowing foreign investors to conduct FX trades with more financial institutions
RBNZ delivers record 75bp rate rise to curb inflation
Central bank now expects policy rate to peak at 5.5% next year, up from previous estimate of 4.1%
Research agenda determined across multiple levels
Governors and deputy governors give final sign-off on most research publications
BIS paper finds reserves scarcity even during QE era
Banks still relied heavily on incoming payments to replenish funds, researchers find
Lebanese governor promises devaluation as crisis deepens
Judge investigating Salameh over corruption allegation resigns
Das outlines RBI’s post-Covid research reforms
Central bank has adopted “full information” system to capture economic dynamics
Ilan Goldfajn wins race for IDB presidency
Former Brazilian central bank governor takes helm at scandal-hit institution
Currency Benchmarks 2022 report – executive summary
Cash far from extinct and volumes continue to grow in many places
Majority of banks blend research and policy functions
Only one in five jurisdictions restructured economics unit in the past 12 months
RBA voices concern over exchange’s failure to replace system
Politicians will question whether regulators have sufficient powers over securities exchange
Weidmann to join Commerzbank in 2023
Former Bundesbank president will become chairman of the bank’s supervisory board
FSB calculates G-Sib list with revised methodology
Some global banks change “bucket” under first use of Basel Committee’s revised method
PBoC keeps key lending rates stable
China’s central bank maintains reference rate for mortgages but calls on banks to support developers
US needs regulatory framework for non-banks, Treasury says
Non-banks’ provision of core banking services causes risks to privacy and stability, says report