News
Indonesia cuts rates for the third time in three months
Bank Indonesia has cut a total of 75bp this year after tightening 175bp in 2018
Barbados launches new statistics hub
Central bank simplifies data publications for “man on the street” and standardises bank reporting
Fed cuts rates and makes further ‘technical adjustment’
Fed doesn’t see funding pressure episode having implications for its ability to control rates
Timetable for BoE governor appointment thrown into doubt
Treasury Committee pushes finance minister to confirm plans or set out new timetable “immediately”
New York Fed provides emergency repo market support
Overnight rates surged on September 17, breaching the Fed’s policy rate target band
Brazil expected to cut rates to new record low
Below-target inflation gives central bank space to boost weak growth, analysts say
UK cash use squeezed by rise of fintech and ATM fee changes
Accounts with fintech firms and open banking proving increasingly popular, report finds
Gontareva’s home burns as government returns to PrivatBank negotiations
Former NBU governor says her house was burned to the ground in an alleged arson attack
RBNZ flags insurers’ weak governance and risk controls
Conduct and culture review finds un-updated data, poor customer eligibility and products charging excessive premiums
People: Lagarde and Mersch receive European Parliament backing
Majority of European Parliament votes in favour of new ECB president and supervisory vice-chair
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, the central bank says
Global growth will strengthen in 2020, says strategist
Central banks should be cautious about responding to manufacturing slowdown, Kevin Gardiner says
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
FCA chief calls for EU to extend Brexit clearing exemption
Bailey also urges EU to grant equivalence determinations for UK trading venues
Lane stresses broad consensus on ECB policy
Comments come after criticism from German and Dutch central bank governors
Regulators meet in Basel to grill stablecoin backers
Conference convened by G7 stablecoins group included Libra Association, Fnality and JP Morgan
Zimbabwean rates hit 70% as inflation remains in triple digits
Central bank attributes rapid price rises to restructuring of the economy
Dutch governor attacks ECB’s new stimulus
Klaas Knot says rate cut and QE is “disproportionate to present economic conditions”
Fed policy is reinforcing overvalued equities, Shiller warns
Robert Shiller talks to Central Banking about his latest research, “Narrative Economics”
Papua New Guinea upgrades payment system
More financial institutions to use new central switch in bid to improve efficiency and inclusion
BoE’s Hauser urges firms to adapt to forex market fragmentation
Less sophisticated firms are paying much higher spreads, executive director says
ECB cuts rates to new record low and re-starts QE
Deposit rate decreased to –0.5% and open-ended asset purchases launched at €20 billion a month
Singapore looks to establish term RFR by 2020
Swaps linked to overnight rate will help create term structure, says industry committee member
People: Colombia appoints new policy board member
Roberto Steiner joins the Central Bank of Colombia; UK FCA appoints chief economist; new PSR head named