News
ECB cautions Slovenia over ‘critical infrastructure’ draft law
Legislation should not encroach on central bank’s regulation of payments systems, says ECB
IMF’s Adrian sketches macro-financial model of term premium
Tobias Adrian outlines a new way of modelling financial cycles within a New Keynesian framework
ECB council worries about euro’s strength, though recovery continues
Minutes of July’s monetary policy meeting suggest low inflation warrants loose policy
Philippines sees strong ‘hot money’ inflow despite currency weakness
Net inflow of foreign portfolio investments into Philippines hits six-month high, in contrast to weakness in peso
Maldives’ governor resigns as country remains in crisis
Governor says she is stepping down to join her husband in New York
People: New chairman in Macau; Bosnia appoints vice-governor
Chan Sau San to lead Macau’s monetary authority; Bosnia appoints vice-governor
FOMC divided on how to proceed with policy
Strong jobs growth, but below-target inflation leaves committee split on correct course of action
China’s current credit trajectory is ‘dangerous’, IMF warns
Fund revises up China’s GDP growth forecast, but warns debt-fuelled growth is unsustainable
Regulators wary of machine learning in bank models
Banks acknowledge they “cannot hide behind a complex tool” to assess interconnectedness
Ghanaian central bank closes two commercial banks
IMF staff called for action in February over problems at some commercial banks
Bank of Colombia forecasts stronger growth as oil shock fades
The central bank expects higher GDP growth and inflation within target as it cuts rates
Wage growth may be stronger than headline figures suggest
San Francisco Fed researchers point to evidence that headline figures may overstate wage weakness
Uzbekistan launches new banknote as inflation erodes value
New 50,000 som note is five times the value of the next largest banknote
German court refers ECB bond purchases to ECJ
“Doubtful” whether PSPP is authorised by German and European law, says court
Swedish inflation above target, but tightening unlikely
GDP growth also exceeded forecasts in second quarter of 2017, while repo rate is -0.5%
Failed bomber planned to target Fed
FBI arrests man in Oklahoma after undercover operation
Court dismisses ‘irrational’ Sarb mandate challenge
Judge rules against South African public protector’s attempt to change the Sarb’s mandate
Irish central bank to set up dataset of registered firms
Dataset will help identify “structures of complex operations”, bank says
PRA’s tough line on Pillar 2 disclosure divides lenders
Watchdog seeks to level playing field with public disclosure of total capital requirements
Higher CPI unlikely to change Danish loose monetary policy
CPI rises year on year by 1.5% in July, but krone’s exchange rate with euro remains stable
Goodhart and Pradhan: demographics will reverse ‘multi-decade’ trends
Ageing population likely to put upward pressure on real interest rates and inflation, economists say
People: Ma Jun departs PBoC; Brazil promotes directors
People moves in China, Brazil and Israel
Bank resolution regime rolls out in Hong Kong
HKMA chief outlines how the new bank resolution regime can end the use of taxpayers’ money in case of a bank failure
Fed issues guidelines for joint accounts with private banks
Initiative aims to create more efficient US payments system