Central Banks
Rwanda slashes rates to record low of 5%
Governor predicts steady growth for the country
Macro-prudential and monetary policy work well together – ECB paper
Monetary policy can be used to cushion shocks caused by counter-cyclical buffers, researchers find
Williams favours average inflation targeting in new research
New York Fed president analyses three groups of inflation-targeting regimes
Malaysia cuts rates as inflation and PMIs slide
South-east Asian country’s inflation has been lower than 1% for several months, while PMI remains in contraction
Former IMF official appointed SBP governor
IMF’s Egypt representative takes helm at State Bank of Pakistan as country seeks fund support
ECB raises concerns over new Cyprus agency
Powers given to digital security agency should not prejudice those of ECB, opinion warns
Mester not yet convinced on alternative monetary policy frameworks
Enhancing Fed communication is an “essential component”, Cleveland Fed chief says
Lebanese central bank strike ‘shut down local banks’
Staff consider further strike action over rumoured salary cuts as government faces fiscal crisis
Equities boost Norway’s SWF in Q1 2019
Overall portfolio returns 9.1%, while equity investments yield 12.2%
Burundi central bank updates banknotes
New notes will be higher quality and harder to counterfeit, central bank says
China cuts reserve requirements for small banks
PBoC cuts RRR for local banks; premier Li Keqiang had urged policy-makers to reduce funding costs for small businesses
The BoE’s education outreach programme
The Bank of England launched econoME last year to bring a practical understanding of economics to the classroom. Its aim is to make policy-making more effective in the future. It plans to extend its offering to schools by designing materials for younger…
EBA board rejects finding that Estonian and Danish authorities breached law
Senior European official says money laundering scandal will not be ‘swept under carpet’
IBM wins contract to support Canadian RTGS overhaul
Canada is preparing to replace its unusual high-value payment system with a new generation
Bank of Italy paper presents new financial stress indicator
New model identifies financial stresses missed by others, authors say
Moore quits Fed nomination process
Growing pressure from Republican senators slashed his odds of being confirmed