Central Banks
Former UK civil servant nominated to lead Irish central bank
Senior civil servant with experience in New Zealand and UK nominated for top central bank role
RBNZ paper stresses need to understand global shocks
Analysing global shocks ‘increasingly important’ for central banks, says article
DR Congo slashes rates to 9% from 14%
Central bank hopes period of relative stability will endure
Poloz tells lawmakers carbon tax is likely inflationary
The politically controversial policy could have a mixed impact on growth, the governor says
IMF flags high public debt in Middle East oil exporters
Oil producers in the Mena region are expected to average budget deficits of 4% of GDP in 2019
‘A huge job in anybody’s terms’ – BoE’s court sets criteria for new governor
Governor must be able to promote the UK post-Brexit, while issue of diversity looms large
ECB paper looks at eurozone banks’ exposure to securities
Granular study of eurozone securities can help analysis of financial crisis contagion, study argues
BoE unveils ‘systemic risk buffers’ for UK banks
Aims to ensure adequate capital within UK ring-fenced firms, as well as at global level
New York Fed moves to tackle ethics in financial culture
Academics and bankers “share many of the same concerns” about ethics and behaviour, New York Fed official says
Liquidity strain heightened since September – IMF’s GFSR
Regulations and investment innovations could be driving factors, the IMF report says
Turkish central bank defends reserves-boosting swaps activity
Swaps provide support for banks amid offshore Turkish lira liquidity squeeze, central bank says, after reports suggested the central bank was artificially pumping up its reserves figures
Bank of Zambia urges country to embrace financial technology
Zambian payments app becomes integrated with Visa and MasterCard
ECB raises supervision fees in response to Brexit
UK-based banks looking to move to eurozone largely behind increased fees, ECB says
Macao weighs launch of yuan-denominated securities market
City aims to become yuan-clearing centre for Portuguese-speaking nations
IMF researchers present guide to enabling negative interest rates
Exchange rate between cash and bank reserves is the “best approach”, researchers say
Iceland central bank holds first meeting of payment council
New body aims to ensure security and efficiency in payments and financial infrastructure
Argentina abandons free float as peso crisis continues
Central bank says it will now intervene, even within “non-intervention” band; action seems to have stabilised peso for now
Former Argentine governor dismisses stabilisation plan
Martin Redrado says monetary base targeting is unsustainable and insufficient to tame inflation
Emerging markets Argentina and Turkey: mission impossible?
High international debt exposures, large deficits and institutional frailty have fuelled capital outflows, weaker currencies and soaring inflation in Argentina and Turkey. Does the US Fed’s pause give the EM central banks reason for hope?