Central Banks
Experts divided over contraction in US economy
Ex-NY Fed chief says latest figures are an anomaly, though others point to Trump policies’ impact
Almost half of eurozone ready to stop buying US goods – ECB study
Tariffs have triggered significant animosity among consumers, research finds
De La Rue completes sale of authentication division
Banknote maker to focus exclusively on currency business
Natural interest rate driven by productivity growth – research
Population increase also plays important role in determining metric, RBNZ paper finds
Pension funds hesitate over BoE’s buy-side repo facility
Reduced leveraged and documentation ‘faff’ curb appetite for central bank’s gilt liquidity lifeline
BoE raises expectations for climate risk analysis by firms
David Bailey says banks and insurers need to use climate modelling to manage risk
Strategic plans widely integrated into staff annual reviews
Staffing averages just under five persons in strategic planning units
Target inflation traditionally, G30 tells Fed
Working group says its proposed changes to Fed framework might prevent repeat of 2023 banking crisis
French expertise is essential to Lebanon recovery – BdL governor
Central bank head meets Villeroy de Galhau in Paris as part of efforts to tackle economic crisis at home
Bank of Japan holds rates and halves growth outlook
Path to policy normalisation will depend on negotiations with US over tariffs, analysts say
ECB removes need for governing council to approve CCP facility
New “automatic” facility will require safeguards that are “still being implemented”, bank says
Strategic control often operates on quarterly cycle
Banks with centralised strategic planning also tend to centralise strategic control
Working group minutes: refining forecast models
Central bank economists discuss challenges of tackling errors and integrating new model features
Stress tests stronger in EU than in US – BdF research
Lenders remain well capitalised in both regions but European banks are more resilient, study finds
Post-Covid inflation in US mainly driven by demand – study
Author says findings help account for Fed’s difficulty in achieving 2% target
Nigeria simplifies documentation for pan-African payments system
Revised process will affect PAPPS payments of up to $2,000 for individuals and $5,000 for businesses
SNB introduces new liquidity provision framework
Reformed facility will be less “emergency” in nature and accept broader pool of collateral
UK government ‘must act against decline in cash acceptance’
Parliamentary committee suggests firms could be made to accept cash to protect those who rely on it
Governing boards approve majority of strategic plans
Departmental heads widely assigned implementation duties
BoE plans to link system-wide and individual stress tests
Meanwhile, ECB wants to broaden system-wide stress models to include central counterparties