News
Cyprus inquiry probes central bank’s role in lender’s collapse
Senior supervisor says central bank and ECB failed to act after chief executive resigned in 2015
ECB calls for changes to draft investment firm regulations
EU proposals omit macro-prudential measures and could cause statistical problems, ECB says
RBI figures show demonetisation captured very little ‘black money’
Over 99% of banknotes were returned despite high cost to the economy
Vietnam allows renminbi payments in border areas
Renminbi payments designed to cut risks and boost trade
Nigerian central bank demands repatriation of $8 billion
CBN says South African firm and local banks illegally transferred funds outside country
Argentina hikes to 60% as peso drops further
Monetary policy committee holds emergency meeting amid fresh trouble for the currency
Singapore aims to become e-FX hub for Asia, says MAS’s Loh
Jacqueline Loh says Singapore wants more price discovery to take place in the country
Central Bank of the Philippines gets mandate to regulate payment systems
Payment systems could be placed on blacklist if they pose a risk to the financial system
RBA suffers payments outage after fire test
“Routine maintenance” led to loss of power at main data centre
Published rate path has similar effect to other communication – BIS study
Communication is important, but the “exact form” less so, according to research
Clarida confirmed as Fed vice-chair
US Senate approves appointment with 69 votes in favour, 26 against and four abstentions
Turkish lira back under pressure amid Moody’s downgrade
Central bank raises overnight borrowing limits; dwindling reserves could prove a challenge in the months ahead
Venezuelan central bank launches app to aid currency reconversion
App allows members of the public to covert prices into the new “bolivar soberano”
IMF paper proposes cash-based solution to zero lower bound
“Decoupling” cash from electronic money could be an alternative to QE or a higher inflation target, the authors say
IMF authors dismiss global Phillips curve as euro inflation driver
Domestic factors largely behind “remarkably stable” inflation in eurozone
ECB asks for changes to EU’s covered bond proposals
Suggested new regime could lead to significant national differences within EU, ECB says
Powell warns not all US problems can be solved by Fed
Fed chair implicitly defends monetary policy in face of Trump’s attacks
Bank of Mexico to phase out 20-peso banknote
Central bank scraps lowest denomination; considers new 20,000 banknote as series launches
Jackson Hole: policy-makers come to defence of disruption
Poloz and Carstens highlight benefits of technological and trade disruption; monetary policy can cope with the uncertainty, Bank of Canada governor says
'No-deal' Brexit would make UK banks add risk weight to EU bonds
UK Treasury says failure to agree EU exit deal would force capital charges
Saudi SWF seeks massive bank loan as Aramco’s IPO is delayed
PIF intends to increase its assets to $400 billion in 2020 from $224 billion in 2017
Politician given National Bank of Austria presidency
Harald Mahrer named bank president as Freedom Party prepares for governor appointment
BoJ sets out goals for interest rate benchmark reform
Working committee aims to publish deliberations in March 2019
Senior Fed officials split over the state of US job market
Regional presidents and FOMC members see US under, approaching or beyond full employment