Central Banks
Inflation targeting regime needs reform – BIS paper
Authorities should recognise what monetary policy can and cannot do, argues Claudio Borio
South Korea pledges ‘unlimited liquidity’ to stabilise markets
Authorities ready to support stock, bond, short-term funding and FX markets amid political turmoil
OECD highlights ‘resilient’ economies beset by risks
Geopolitics, high public debt and possible repricing in private credit markets threaten outlook
Economists commonly use AI for data analysis
Lower-middle income countries, Africa and Asia-Pacific report lower use of AI
Reserve Bank of Zimbabwe maintains interest rates at 35%
Central bank keeps policy tight following September devaluation and spike in inflation
BoE to reduce frequency of stress tests on major UK banks
Large-scale exercise will now be conducted every other year instead of every year
Central Bank of Iraq bans payments to ‘agents’ of TikTok
Platform is “offensive to the social fabric”, says minister of communications
Central Bank of Tunisia to lend up $2.2 billion to government
Loan amounts to around 28% of the central bank’s foreign currency reserves
Pan: PBoC will continue ‘supportive’ policy next year
Central bank also expands M1 definition as governor Pan Gongsheng signals continued stimulus
South European states benefited most from NGEU – ECB
Recovery and resilience facility’s structural reforms expected to pay off in the long run
Economists least likely to research impact of AI
Inflation dynamics retains position at top of the rankings
Nandalal Weerasinghe on Sri Lanka’s IMF programme, central bank reforms and road to recovery
The Central Bank of Sri Lanka governor speaks about his return from retirement to aid Sri Lanka’s structural reforms and recapitalisation, reinforce central bank independence and develop financial resilience
‘Financial conditions targeting’ could help stabilise output – paper
“Risk-centric” New Keynesian model highlights benefit of acting on financial conditions
Pandemic macro-pru in Africa was effective – FSI study
Paper from Basel-based institute says relaxing macro-prudential requirements can boost bank lending
Market-based systemic risk metrics ‘crucial’ for supervisors
Paper finds measures are effective at predicting crises in the US over a long period
Peer-reviewed journals still top gauge for research impact
Smaller teams more likely to consider conference presentations as assessment tool
Banknotes: October to December 2024
A round-up of news and salient issues that have affected central bankers in the past three months
BoE stress test highlights liquidity risks in non-banks
“First-of-its-kind” scenario exercise reveals how repo financing could be insufficient during shocks
Australian parliament passes bill to reform RBA
Bank’s board to be split into two groups covering monetary policy and governance
Norway joins Target instant payments system
Country becomes first non-EU member to settle payments in Tips
Basel Committee examines use of CCyBs across jurisdictions
Report highlights how more jurisdictions are implementing positive neutral buffer rates