Central Banks
BoE paper outlines new theory of automation and inequality
Authors highlight “new theoretical mechanism” linking automation to higher wealth inequality
RBNZ winds back pandemic liquidity support
Use of two facilities has been “very low” in the last six months, RBNZ official says
Greenpeace lands activists on ECB roof
Stunt publicises new study arguing collateral framework favours high-carbon industries
Bank of Israel hails milestone in move to ‘smart payments’
Central bank is pushing transition to EMV payments that allow contactless transactions
Venezuela releases three new banknotes amid hyperinflation
High-denomination notes reflect ongoing surge in prices
US spillovers might increase need for UK easing, says Hélène Rey
Andrew Bailey says policy will be “state contingent” but negative rates are possible
MAS selects asset managers with green focus
Singapore government will start issuing green bonds, governor Menon says
IMF expresses concern about São Tomé central bank
Reform law has languished for more than a year as nation copes with pandemic
BoE to consult on Sonia clearing mandate
Long-dated Sonia swaps set to lose clearing exemption as liquidity shifts from Libor
Economics profession has a culture problem – Yellen
Former Fed chair says there is an implicit bias against women in economics
US sanctions billionaire accused of targeting Ukrainian central bank
Kolomoisky barred from US as former NBU governor calls for him to be charged over alleged $5.5bn theft
Israeli reserves surge to new record high of $185 billion
International reserves portfolio reaches 46% of GDP
Sri Lankan central bank launches national financial inclusion strategy
Project aims to bring together “isolated efforts” on financial inclusion under central bank’s lead
Link between poor culture and higher bank risk ‘substantial’ – BoE paper
Regulators should ‘interrogate’ firm data to improve bank risk models, economists argue
MAS shakes up senior management
MAS reshuffles leadership, appointing Ho Hern Shin as new deputy managing director of financial supervision
CBRT’s Ağbal says central bank must aim for ‘permanent price stability’
Governor’s blog post marks new form of communication by senior executives
UK regulators fix end date for Libor
Most Libor settings will cease at the end of 2021 as Bailey tells firms to finish their transitions
Bundesbank retains profits to build up risk provisions
Weidmann says risk provisioning is “first step” due to increased exposure on policy portfolio
Ukraine’s central bank raises rates for first time since 2018
NBU says food and fuel are driving inflation but expects pressures to fall later in year
Bolivian central bank fires officials amid political dispute
Former governor says dismissals are likely to be influenced by change of government
IMF staff suggest changes to Paraguyan supervision
Report calls for new pension fund supervisor and better supervision of non-banks
Ecuadorian politicians clash over central bank independence
IMF backs law to make central bank independent, but leftwing candidate condemns measure
Yield curve control not ECB’s ‘easiest way forward’ – Centeno
ECB board member Fabio Panetta calls for decisive action to reduce higher bond yields
Cash in circulation to remain elevated, Bank of Canada research says
Withdrawal and deposit relationships and high denominations to blame