Central Banks
‘Trump slump’ hedges rise on rate cut fears
One dealer notes five-fold increase in number of clients hedging against possibility of faster easing
Pakistan pauses easing cycle after six consecutive rate cuts
Central bank says high core inflation could still drive up overall price levels, despite fall in headline figure
MNB to follow ‘disciplined, patient policy’ – new governor
In first speech since taking office, Varga says bank will closely monitor food and service inflation
ECB calls for new macro-pru approach to address cyber risks
Stress-testing should combine top-down and bottom-up elements, latest bulletin says
Credit delinquency rise may be due to home priorities – study
Consumers choosing to repay auto and home loans rather than credit cards, say authors
Bank of Israel responds to criticism over high rates
Chair of parliamentary committee had blamed tight policy for lenders’ excess profits
Moldova joins Single European Payments Area
Central bank hails “historic decision” that it says will save citizens €12 million annually
US tariffs will create persistent inflationary pressures – study
Dallas Fed paper say trade costs raise price levels sustainably above US central bank’s target
Risk of inflation de-anchoring is higher in US than Canada – study
Authors say risk has also risen for both countries post-Covid
UK unfreezes Syrian central bank assets
Decision follows similar move by EU, though US sanctions remain in place
Fast payment systems enhance financial inclusion – BIS paper
Researchers examine systems’ spread in Latin America and Caribbean
Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed
European Central Bank continues easing with 25bp cut
Revised forecast points to stunted growth, as Lagarde says bank is operating in “high uncertainty”
‘No strategy’ in US tariffs, says Mexican economist
Measures ignore “triangular” trade relationship between US, China and Mexico
Disinflation is still on track, BoE governor insists
Officials tell UK parliament that success so far does not mean mission is complete
Turkey cuts rates as official inflation figure dips below 40%
However, level of price rises remains well above central bank’s 5% target
Trump 2.0 piles pressure on reserve managers
Speakers at Central Banking Spring Meetings discuss positioning, interventions and impact of lost aid
BoE proposes to ease regulations for small-scale lenders
Central bank suggests raising leverage ratio threshold from £50 billion to £70 billion
Bundesbank backs German debt brake reform
Next chancellor could try to push reform through before new parliament is sworn in
Bangladesh does not need to rely on IMF – central bank governor
Mansur says country needs to increase revenue if it is to address deficit
Data from Covid liquidity programmes could improve markets – BoC study
Anonymising and aggregating information would assist with price discovery, argues research
Atlanta Fed’s GDP estimate takes a nosedive
Bank projects more severe contraction in Q1, while analysts point to possible recession