Central Banks
South African central bank launches review of payment system
Sarb says its regulatory mandate needs more clarity and calls for more powers over fintech
IMF advises Ethiopia central bank to stop financing government
Central bank’s tighter monetary policy should be supported by end to monetary financing – IMF
Podcast: How to fight the next crisis
In the last of the series, Yale’s Andrew Metrick warns we may be less prepared for crisis-fighting now than we were before 2008
IMF urges Bank of Papua New Guinea to depreciate currency
Fund offers words of warning to island nation over exchange rate woes
Communication of monetary policy took back seat in financial crisis, researchers find
ECB press conferences transmitted non-monetary information in 65% of cases from 1990 to 2017, researchers find
Yuan swap deal with Argentina boosts China’s presence in Latin America
Agreement expands existing line by 60 billion yuan to 130 billion
Bank of Canada points to trade tensions as it leaves rates unchanged
Above-target inflation in October is expected to fall in coming months
People: Bank of Canada appoints new deputy governor
Paul Beaudry named deputy governor at Bank of Canada; Central Bank of Argentina appoints economic research head; and more
Indian economy still strong despite financial troubles – RBI
Rapid credit growth continues despite need for ongoing liquidity support for non-banks
BoE held back on Brexit commentary for fear of influencing negotiations
UK central bank planned to publish analysis after the country left the EU in 2019
Bank lending standards can worsen financial frictions, ECB paper finds
Model shows tighter lending standards can damage productivity, researcher argues
ECB adopts new capital key
National central bank shares adjusted, but governors’ voting allocations remain unchanged
Carney warns on ‘uncomfortable’ Brexit compromise
Governor fears some Brexit outcomes could restrict the BoE’s regulatory options; defends no-deal Brexit analysis
Cyprus governor says 2015 police raid stopped her investigating politicians’ debts
Governor Georghadji offers to re-start investigation into loans to “politically exposed persons”
New US tariffs have varying impact on prices – Canadian research
Over the long term, tariffs have “modest impact” on aggregate prices and output, but there are likely to be short-term price movements as sectors face capacity pressures
Fed to expand market data collection efforts
The scope and availability of data must keep up with evolving markets, Lael Brainard says
Riksbank’s Jansson says he favours higher inflation target
Swedish deputy governor reflects on monetary policy options to deal with next crisis
Ghana’s Addison blames predecessors for banking system weaknesses
New governor closed seven banks in 12 months in banking system clean up
Podcast: Preventative measures
Many central banks currently lack a key power that could help them deal with crises, argues Yale University’s Andrew Metrick