Central Banks
FOMC members want plan to end balance sheet reduction, minutes show
Some FOMC members say further rate rises may be necessary in 2019
HKMA chief Norman Chan to retire in October
Chan’s leadership saw HKMA gain stronger macro-prudential powers
Tunisia further tightens policy to tackle inflation
Central bank increases basic rate of interest by 100bp to 7.75%
ECB prevented further eurozone deflation, BdF paper says
Researchers say inflation and GDP growth would have entered negative territory in 2015–17
Former Fed chairs join over 3,000 economists in call for carbon tax
Economists including central bankers and Nobel laureates demand action on climate change
Fed must account for spillovers of monetary policy – Yellen
Janet Yellen reflects on Fed monetary policy and “treacherous” currency manipulation in Brookings podcast
Central banks disagree over cash regulation
The BoE has issued legislation demanding banks supply certain denominations, but other regulators remain on the fence about how they should manage the future of cash
EBA probes alleged AML failings by Danish and Estonian authorities
Estonia and Denmark criticise each other’s ‘failings’ over supervision of scandal-hit bank
BoE paper outlines results of uncertainty experiment
Decision-maker panel seeks to gauge business uncertainty in the context of Brexit
Lack of accurate data poses challenges for cash forecasting
Anonymity of cash makes it hard to track as a payment instrument, panel agrees
Climate change: a new challenge for financial stability?
Do climate change and the transition to a low-carbon economy pose a risk to financial stability? What is the role of central banks?
EBA board nominates Spanish candidate as next head
José Manuel Campa has served as academic, banker and junior finance minister
Barbados central bank comes under fire over tourism data
Minister says he has “no idea” where the governor got his information
Greek governor accuses government minister of breaking law
Stournaras says minister illegally recorded phone call after being angered by loan inquiry
Fourth non-bank gains BoE settlement account
Bank of England continues to level the playing field with new entrant FairFX, following FCA audit
Philippine central bank handed new stability powers and mandate
Act removes money supply and credit as determinants for monetary policy in addition to granting central bank broader supervisory scope
RBA’s board stresses uncertain outlook in latest minutes
Trade tensions, slower Chinese growth and local consumption outlook behind policy decision
Chinese lending hits all-time high in January
Total social financing reached roughly 240% of China’s GDP at end of month