Central Banks
CNB hikes in bid to tame inflation
Strong growth is boosting salaries and consumption in the Czech Republic
Indonesia launches new overnight benchmark rate
New rate replaces the quotation-based model with one based on transactions
Book notes: Till Time’s Last Sand, by David Kynaston
Kynaston allows readers to develop their own understanding of how the BoE has had to refind its place in a country where the political system has migrated from commercial republic to full-franchise democracy
Bank of England forms new enforcement committee
Six-member committee will rule on contested enforcement cases
BoE updates estimate of equilibrium interest rates
Latest data shows demographic factors have weighed heavily on real interest rates
Equities pushing US wealth inequality - Minneapolis Fed paper
Wealth inequality boosted by record-high stocks and slower growth in house prices, paper finds
Turning data challenges into opportunities
With central banks becoming increasingly reliant on data, BearingPoint elaborates on the increasing role of innovative regulatory and supervisory technology in supervision.
BoE lifts rates despite signs of a global weakening
MPC votes unanimously to raise rates to 0.75%
Fed keeps rates unchanged but points to strong economic activity
FOMC says it expects to implement gradual increases in federal funds rate
‘Bernanke targeting’ may outperform Taylor rule – Fed paper
Paper tests Ben Bernanke’s proposal for temporary price level targets
Big data in central banks: 2018 survey results
As work in big data enters the mainstream for central banks, its policymaking and supervisory influence is expanding, prompting significant investment in new technologies.
BoE paper tests bond market ‘liquidity resilience’
Study of gilt futures draws on novel dataset to assess stability risks
Ghanaian governor accuses failed banks of malpractice
Ernest Addison says some banks used “pretence” and shareholders took large sums
A mere tweak or a step toward normalisation?
Sayuri Shirai says the BoJ has controlled market expectations while still opening the door to normalisation
Banque de France paper analyses sovereign debt crisis
High NPL and sovereign debt holdings affected banks’ interbank funding access, paper finds
Irish central bank warns economy may be overheating
CBI develops new indicator for domestic economic activity
Stricter forex regulations in Central Africa needed to shore up reserves – IMF
Central bank must be ready to tighten monetary policy should reserves remain below target
Open economies less affected by low rates due to ageing populations – IMF
Older societies are prone to save more and consume less, which reduces inflationary pressures
RBI makes fresh rate hike as inflation pressure persists
Central bank faces rising food and oil prices, while growth remains rapid