Central Banks
Small economies still trigger ‘substantial’ spillovers – IMF paper
New data on monetary policy shocks allows economists to track cross-border impact
How the rate hike cycle emboldened banks’ deposit modelling
But just because depositors didn’t react quickly doesn’t mean it will never happen
Why Bank Negara avoided ‘a confrontational approach’ on 1MDB fraud
Veteran governor says being more outspoken would have damaged the central bank
Bank of Thailand announces first rate cut in four years
Central bank unexpectedly eases policy by 25bp as inflation stays below target
Finma to revise UBS’s recovery and emergency plans
Swiss regulator suspends annual plan approval because of “obstacles” created by Credit Suisse merger
ECB ‘did not approve’ production of €8,000 note
Central bank denies claims by issuing company that souvenir bill was created with its consent
Afghanistan faces continued deflation – World Bank report
Prices fell for 16th consecutive month in August, though currency remains stable
Indonesia holds while Philippines cuts
Policy rates for both countries now stand at 6% as inflation slows
UK inflation falls to 1.7%
Surprise drop, driven by falling transport costs, makes additional rate cuts more likely
Liquid assets best placed to reap benefits of AI – IMF report
Study explores risks and rewards to capital markets from emerging technology
Australian central bank proposes caps on card fees
Small businesses pay “substantial” surcharges during debit and credit card transactions, says RBA
Opposing Basel III is ‘short-term thinking’ – DNB’s Klaas Knot
Lenders should not ask governments to water down proposals, says Dutch central bank governor
RBI governor warns of financial stability risks from AI
Das calls on banks to guard against liquidity stresses resulting from disinformation
Policy-makers ‘cannot disregard food price shocks’ – BoE study
Working paper calls on central bankers to pay closer attention to headline inflation when setting rates
Demand for cash: a global update
Antti Heinonen explores recent data on banknote demand and analyses its impact on cash infrastructure
IMF cuts fees amid high rates and record borrowing
Fund judges its capital to be strong enough to allow more generous approach
Obituary: Tito Mboweni, 1959–2024
Sarb’s first black governor championed inflation targeting with “sharp wit”
Excessive intervention can hinder FX markets – IMF economists
Best for central banks to deepen their reserves before shocks arise
PMA governor calls on Palestinians to use electronic payments
Businesses in West Bank and Gaza continue to register negative growth
Acemoglu, Johnson and Robinson win Nobel prize in economics
Trio given award for work on role of colonial institutions in shaping long-term prosperity
Malaysia’s Zeti on the key skills needed to be a successful central banker
The Bank Negara veteran speaks about leadership skills, lessons from the AFC and 1MDB crises, her scepticism of inflation targeting, and how the Asia School of Business' masters synthesises theory with practical realities