Central Banks
Political influence is affecting the OeNB’s independence, staff say
Austrian central bank employees criticise gag orders, conflicts of interest and insufficient female staff
NGFS study offers three proposals to help green monetary operations
Report highlights eight case studies, including central banks in China, Japan, the eurozone and UK
Serbia cuts rates by 25 basis points
Decreasing global energy prices and refinery overhaul fuels disinflation
Automated market-makers create market integrity and stability risks – research
Canadian research warns of real economy impact, depending on level of interconnection
Malaysian central bank holds policy rate
BNM expects higher inflation later this year as government phases out fuel subsidies
Bank of Korea holds rate but signals possibility of future easing
Governor Rhee Chang-yong says the board can consider rate cut at “appropriate time” in the future
Policy should ‘accommodate’ core inflation to ward off unemployment – paper
Central banks can help insulate vulnerable households in event of energy shock
Full-scale war with Hezbollah is a tail-end event – Bank of Israel deputy
Andrew Abir says central bank has advised government to ensure adequate fiscal space as it expects war to last longer and revises its growth and inflation forecasts
Gambia receives $11m from IMF
Inflation is easing, but remains well above target
Politicians not ‘blindly’ ideological when judging ECB – research
Right-wingers prefer narrowly focused mandate but data shapes all representatives’ views, paper says
Cash use on the decline in Germany
Card and mobile payments gain ground as cash’s share of payments falls to 51% in 2023
ECB official calls for European AI strategy
Plan required to keep European firms competitive, ECB board member Cipollone says
Turkey’s economic odyssey: inflation, lira decline and strategic shifts
Marcello Minenna delves into the damage of 20 years of ‘Erdoganomics’
Powell warns of commercial real estate risks
Fed chair tells Senate further cooling of the labour market could induce a rate cut
BIS appoints secretary-general and Innovation Hub leaders
Véronique Sani takes over from Monica Ellis as secretary-general to the bank
‘Unprecedented’ immigration boosts US economy – Dallas Fed
Authors say there is reason to believe immigration is net neutral for inflation
Aggressive monetary policy hits poorer harder – research
New York Fed authors find stabilising demand shocks has positive distributional outcomes
Quarter of central banks use tiered reserves remuneration
Corridor systems remain most common method of setting short-term interest rate
US labour markets approaching pre-pandemic state, report finds
Simple rules suggest fed funds rate should be at or below current level, report says