Central Banks
Bank of Israel increases size of QE programme
Yaron calls on government to act on worsening economic outlook as Israel suffers “second wave”
Former HKMA chief Norman Chan sets up fintech firm
Chan becomes latest former senior Hong Kong official to move to fintech sector
Thai economy is like “patient in intensive care” – governor
Central bank extends debt relief for SME debt relief as political unrest mounts
Kenya’s central bank opens new currency centre
New facility will improve currency circulation within the region, president Kenyatta says
Printing is the most outsourced area of the cash cycle
Just over 60% of survey respondents contract out currency printing; lower-income countries most likely to outsource
Watermarks and intaglio printing remain top security features
Increasing the number of security features does not necessarily reduce counterfeiting
Bank of Italy paper compares US recession-forecasting methods
Measure of uncertainty out-performs even yield curve in short term, researchers say
Eurosystem lays out retail digital payment strategy
Access to cash and level playing field for electronic payments are key elements – Panetta
ECB paper presents new measure of underlying inflation
“PCCI” measure does not exclude HICP items and gives timely notice of turning points, authors say
Turkish central bank holds rates despite currency’s slide
MPC attempts indirect tightening again as expert claims official figures hide true inflation rate
EU sees huge appetite for new triple-A asset
‘Sure’ bonds offer the ECB a less controversial option for asset purchases
BIS tracks $1.1 trillion drop in cross-border claims
Lending surged and then fell back as banks reallocated funds during the Covid-19 crisis
Quarles: policy-makers have ‘work to do’ on non-bank fragilities
FSB chair outlines areas where non-banks may have amplified the Covid-19 shock
ECB paper looks at eurozone money markets
Policy-makers must ensure smooth functioning of secured money markets, researchers say
State Bank of Vietnam governor steps down to take senior party role
Vietnam government assigns SBV governor to new party role, without announcing his successor
Malaysia’s central bank to launch climate taxonomy in 2021
Information asymmetry among financial firms is hampering green lending, assistant governor says
Currency managers eschew big data and long-term forecasts
Most popular banknote forecast period is one to three years