News
Review calls on IMF to deepen monetary expertise
Independent report says IMF broadly made the right calls on risks around unconventional policy, but shortage of expertise leaves fund behind the curve
RBNZ to promote internal use of Māori language
Agreement is part of wider efforts in New Zealand to revitalise language
BCRA president admits inflation still too high
Outlook requires continued ultra-tight monetary policy, says central bank president
Next Bank of Jamaica governor chosen
Businessman and financier Richard Byles to take over on August 19
EU must improve capital markets to boost euro as global reserve – ECB
ECB cannot “unequivocally” say euro becoming global reserve would help monetary policy – Cœuré
SNB replaces Libor with new reference rate
The future of Libor is “not guaranteed” and underlying volume is “dwindling”, says Thomas Jordan
Polymer banknotes caused sharp fall in UK counterfeits – BoE
Bank of England reports reduction from 1,000-plus fake notes a month to single figures
Martin Feldstein, 1939–2019
The US economist was hugely influential in shaping both policy and economic research
IMF welcomes Tunisia’s tougher monetary policy
Further rate increases might still be warranted this year, say executive directors
Fed pushes big banks to tally CVA for central counterparties
Banks told to quantify exposure to CCPs for annual stress tests
IMF says South Sudan must rein in monetary financing
Central bank will have IMF support in resisting pressure to increase lending as crisis worsens
South Korean governor lays ground for rate cut
Rate cut seems more appealing to the BoK amid worsening trade war
Lagarde and Draghi stress Eastern Europe’s exposure to trade disputes
Improved institutions required to develop resilience to external shocks
Fed banks collaborate on economic education
“We have a ‘power-in-numbers’ approach,” says officer at the San Francisco Fed
Trump claims Fed is giving China the upper hand
Chinese president “can do whatever he wants”, Trump complains
Afghanistan must reform banks further, IMF says
Banking sector still shows weakness despite good work on economic reforms – IMF executive board
CNB raises countercyclical buffers as risks build
The central bank stress-tests not only the financial sector but also households and the government
Barbados central bank hopeful for international business rebound
Sector suffered after sanctions imposed due to country’s low tax rates
BoE officials say central bank still on course for a hike
Rate hikes still most likely course of action, but Brexit could drastically alter outlook; strong labour market data strengthens case for tighter policy
UK’s parliament asks questions over FCA handling of suspended fund
Andrew Bailey calls for limits on illiquid investment to be maintained by offshore funds
Chile’s central bank surprises markets with ‘out of the blue’ rate cut
Lower growth and weak commodity prices push board to cut rates by 50 basis points
Global imbalances require ‘carefully calibrated’ policies – IMF
Report comes as G20 leaders warn about imbalances concentrated in advanced economies
RBI renews push for loan clean-up after Supreme Court defeat
Revised circular designed to avoid legal issues suffered by earlier version
ECB queries changes to Austrian central bank law
But collapse of government puts future of draft law and identity of next governor in doubt