Central Banks
Draghi: structural reforms are too important to leave to member states
Mario Draghi calls for new European rules that would compel eurozone member states to reform their economies; Benoît Cœuré describes it as ‘convergence process 2.0’
Incoming BoE deputy Shafik says SSM makes working with ECB more important than ever
Minouche Shafik says single supervisory mechanism will improve co-ordination with Bank of England, but that it is too early to tell whether 'huge' project will be successful
Malawi cuts policy rate in line with falling inflation
Less pressure on prices and a more stable exchange rate meant an even bigger cut was on the cards, but the MPC preferred to wait and see what the budget brings
IMF paper examines banks’ public bond holdings
Working paper published by the IMF finds that large banks accumulate high-risk public bonds during sovereign crises; examines relationship with bank lending
Noyer backs ECB minutes to shed light on ‘complex’ monetary policy
Banque de France governor Christian Noyer explains why the ECB should start publishing accounts of its monetary policy discussions, but stresses need to preserve ‘collegiality’ on the council
Georgia selects symbol for national currency
Central bank hopes new symbol, chosen by a commission guided by a public vote, will increase the popularity of the lari
Kenyan central bank launches new interest rate
Kenyan banks are required to use a new base rate when pricing loans; central bank thinks it will boost the supply of credit to the private sector but observers are sceptical
FOMC members offer conflicting takes on US inflation path
Jeffery Lacker says inflation is moving closer to the Fed's 2% target, while Narayana Kocherlakota warns reaching it may take another four years
Trinidad governor threatens senator with legal action over ‘defamatory' comments
Jwala Rambarran takes action over claims he is ‘playing dolly house' with foreign reserves; says he will seek ‘substantial damages' unless public apology is issued
Colombian monetary policy-makers ignore World Cup effect
Decision to raise interest rates attributed to rising inflation expectations - which were not put down to the country's footballing success
European researchers examine impact of capital inflows on long-term interest rates
Bank of Portugal working paper says the foreign accumulation of eurozone bonds may have led to “excessive risk-taking” at a global level by depressing interest rates
OECD warns taper hits developing-world growth prospects
Paris-based club of advanced economies warns taper will combine with declining commodity cycle and anaemic eurozone growth to hurt the growth prospects of developing countries
Nakaso backs BoJ to exit QQE smoothly
Bank of Japan the only central bank with experience in exiting QE; Hiroshi Nakaso says it has an ‘extensive’ range of instruments at its disposal
Highly indebted poorer households pose risk to Israeli banking system
Bank of Israel says lenders should look more carefully at ‘payment-to-income' ratio, which is highest for those households most exposed to macro- and micro-level economic shocks
Lautenschläger sees TLTROs impacting real economy from next year
Executive board member warns targeted lending programme will ‘take longer’ than other policies to work through economy; markets question whether banks will demand the estimated €1 trillion
Icelandic police chief heads ‘bizarre' committee to choose next governor
Icelandic economists criticise choice of Reykjavik police chief to chair three-person panel charged with recommending the next central bank governor
Cut in capital requirements opens door for new UK banks
Regulators say efforts to lower barriers of entry for small banks, including lower capital requirements and easier application process, is spurring competition
Gualtieri elected chair of ECB watchdog committee
New Econ Committee members approve Italian socialist as chair; Gualtieri faces an early test of his composure as German politician Bernd Lucke is rejected as vice-chair
Luxembourg paper busts myth of money ‘parked’ with central banks
Researcher at the Central Bank of Luxembourg argues the increase in central bank deposits in the Eurosystem is not a reflection of banks’ lending habits
Thai governor stresses value of independence
Prasarn Trairatvorakul calls on the new Thai government to ‘protect’ the central bank’s independence, which he describes as ‘the very source’ of its credibility
New Zealand mulls coloured coins
Geoff Bascand reveals details about the RBNZ’s forthcoming banknote series; suggests new technologies could ‘supplant cash’ in years to come
Lagarde highlights threat of renewed EM volatility
IMF director lauds ECB assault on low interest rates and highlights importance of central bank communication as Federal Reserve continues to taper
Central bankers insist rates are staying put as BIS faces ‘loss of credibility'
Haldane says risk 'migration' could create a more robust financial system; Yellen, Draghi and Cunliffe believe monetary tightening would be the wrong way to turn
Mario Draghi can ‘use the force' in central banking ‘confidence trick'
Market participants say ECB president Mario Draghi is the ‘Yoda' of central banking for his adept use of ‘Jedi mind tricks'