Central Banks
Sudanese central bank attempts to tighten finances as crisis deepens
No replacement announced for late governor, who died in June
Financial stability mandate could ‘undermine’ monetary policy – Weidmann
Bundesbank governor says putting financial stability on par with price stability would be a mistake
Kenyan central bank reports big increase in banks breaching regulations
Governor calls for banks to consider their “long-term impact on society”
Denmark completes RTGS renewal
New functionality will allow Danish banks access to Europe’s Target2-Securities in late 2018
ECB policy changes foreign-denominated lending – Bank of Spain paper
Tighter ECB policy usually leads to increased lending abroad, researcher finds
Financial crisis lowered US output – San Fran Fed research
US output has been persistently lowered by 7 percentage points, researchers say
Book notes: Digital human, by Chris Skinner
Skinner provides a valuable insight into the challenges banks face as technology continues to permeate further into the financial industry
Trump says Federal Reserve should give him ‘some help’
US President says central bank should hold policy rates while he negotiates trade deals
Australian central bank holds rates, but governor warns of future rises
Board members confident about effects of tighter Fed policy and possible trade disputes
Bank of England mulls synchronised settlement for new RTGS
Adding new functionality could reduce cost and risks for RTGS participants, BoE says
Chile’s central bank says recovery is strengthening
GDP grows 5.3% year-on-year as central bank holds policy rates for 15 months
Bank of Mauritius lowers inflation forecast
Adverse shocks to food prices are subsiding, central bank says
Chinese banks boost lending, official figures show
Overall credit supply grows year-on-year but is outpaced by increase in bank lending
Vietnamese government orders tougher capital ratios for banks
Banking modernisation plan pledges increased central bank independence but is short on details
Venezuela carries out massive devaluation with 'new bolivar'
Maduro pegs “new bolivar” to oil-backed cryptocurrency and unveils minimum wage hike
Bank of Mexico board unsure about new government’s fiscal policies
Board members said uncertain policies of incoming government may alter domestic demand
Turkish and Qatari central banks agree $3bn swap deal
Gulf monarchy announces $15 billion investment on August 15 to support crisis-stricken ally
Fed may have to speed up rate rises, Australian governor warns
Philip Lowe says fiscal stimulus could lead to US inflation growing faster than expected
Brian Wynter on Jamaica’s inflation-targeting transition
Jamaican governor says the end of fiscal dominance plus the creation of a two-way forex market and an effective interest rate policy mechanism essential for “full-fledged” inflation target
BdF paper looks at ‘hawks, doves and swingers’
Education and economic conditions at birth shape the views of FOMC members, argues the paper
Myanmar central bank formally drops forex trading ‘band’
Central bank follows IMF recommendation and also lowers official exchange rate
Argentinian central bank raises large banks’ reserve requirements
Central bank in talks with China over credit swap sells over $1 billion this week to defend falling peso