Central Banks
RBA’s Lowe: global uncertainty clouding Australian outlook
Governor of RBA emphasises positives, but says global factors complicating prospects
BoE’s Cunliffe says housing tools have worked
More evidence has emerged on “borrower-based” tools since they were first tested, deputy says
Russian central bank tries to cut consumer lending
Bank of Russia puts limits on “payday loans” and expresses concern over growth in unsecured loans
Christine Lagarde nominated for ECB presidency
IMF chief part of deal that sees German proposed for commission presidency
RBA slashes rates to new record low
Australia’s back-to-back rate cut is first since 2012
‘Heterogeneous beliefs’ can improve models of inflation – BoE paper
Authors break down inflation expectations in search of additional forward-looking information
Carney sees storm clouds gathering over global economy
The “portents are worrying”, BoE governor says, but worst of the impact may pass UK by
UK regulators welcome plans for clearer green mandate
Government unveils first “green finance strategy”, including changes to policy remits
Doves vs hawks: IMF advice on unconventional monetary policy
Funds’ advice on innovative measures has not always “stood the test of time”, writes Philip Turner
Bank of Canada collaborates with private sector on cyber defence
New partnership with private sector bridges gaps in cyber resilience co-ordination, Poloz says
ECB welcomes Cypriot state’s rethink on central bank law
Law allows recapitalisation of the central bank if necessary and clarifies powers to dismiss directors
New Zealand watchdog criticises next Irish governor
But Ireland’s finance minister says Gabriel Makhlouf will still take up role in September
Philippines central bank to support infrastructure plan
Deputy governor says the country could achieve ‘A’ ratings in the next 18 months, which may cut financing costs
BIS says theory behind EME policy must catch up with ‘reality’
Situation is similar to the adoption of inflation targeting in the early 1990s, says BIS annual report
Israel could be vulnerable to global shock – central bank
Worsening liquidity conditions in local markets could amplify a global crisis, Bank of Israel says