News
BoE economists find CBDC could permit helicopter money
Helicopter drop could be feasible without losing control of rates but may still be unwise, authors say
Fed IOER amendment aimed at ‘thwarting’ The Narrow Bank
The move appears to specifically target The Narrow Bank’s business model, the firm says
Sudanese president changes governor again as crisis continues
Governor faces growing economic crises as president declares state of emergency
Bank of Mexico and Amazon to co-operate on mobile payments system
Central bank aims to tackle low banking levels through digital payments
South Africa to press ahead with Sarb nationalisation
Governor Kganyago warned in July 2018 nationalisation would be a long and expensive process
Brainard hints at Fed’s monetary policy plans
Governor’s speech signals plans on policy rates and Treasury bills purchasing after QT end
Trade tensions could ripple among South-east Asian nations – Menon
Rising leverage ratios a key risk for EM Asia, but the region is more resilient
Draghi unveils new bank funding as ECB forecasts slower growth
Forward guidance extended and third round of TLTROs introduced as Draghi warns of uncertainty
Riksbank to reduce reserves and toughen ELA regime
Gold and foreign exchange assets will decline from $56 billion to $48 billion by October 2019
People: EBRD appoints new chief economist
Slovakia and Sweden reappoint board members; Spain names new director-general of services
Spanish governor de Cos now leads Basel Committee
Stefan Ingves steps down as chairman after nearly eight years in the role
Weak pass-through may shield UK from sudden rate rise – BoE’s Saunders
Central banks may start to lose control of policy transmission even above lower bound, says MPC member
Two FOMC members signal Fed may hold rates steady
New York and Boston Fed presidents expect US growth to slow to 2% this year
BoE unveils plans to overhaul cash distribution as volumes fall
Independent report demands action to preserve UK’s cash infrastructure
Zimbabwe borrows $985 million from pan-African lenders
International reserves cover only four weeks of imports amid limited access to hard currency
China resorts to fiscal policy to stimulate slowing economy
China says it plans more fiscal stimulus while maintaining prudential monetary policy
EBA says Paris move will be complete by June 3
All governing meetings to be held in Paris from March 30 as EBA leaves London in response to Brexit
Bahamian central bank chooses start-up to spearhead CBDC project
The pilot currency is expected to be running by 2020, governor says
BoE increases euro supply and activates ECB swap line
Financial policy committee warns that no-deal Brexit risks financial instability
Markets still in thrall to central banks – BIS
But some apparent anomalies may be signs of healthier market function, says Claudio Borio
Spain creates macro-prudential committee
New body will be chaired by economy minister, with central bank governor as deputy
Four candidates lead race to succeed HKMA chief
Candidates include three HKMA deputy chief executives and a deputy chief at the securities watchdog
Duterte picks government insider to lead Philippine central bank
Surprise choice for central bank chief rattles markets
Former governor arrested as Central Bank of Liberia probe widens
Milton Weeks and two current CBL officials are due to appear in court today