News
Economists call for IMF to become like ‘modern central bank’
Growing demands on the fund require a governance revamp, ‘Geneva report’ argues
Protectionism main source of uncertainty for global economy – Draghi
ECB keeps rates unchanged and reaffirms QE programme will end in December 2018
Lira rallies as CBRT hikes main rate
Currency stages modest recovery, as central bank follows through on promised action
Brainard sees room for continued tightening over next two years
But some economists expect growth to slow over the coming year
ECB official calls for European action on money-laundering
Corrected: Commission said to be considering enhanced role for EBA after recent scandals
People: Lagarde rules out transition to top EU jobs
IMF chief dismisses rumours linking her to upcoming changes in EU leadership positions; Bundesbank appoints executive board members; Thailand picks board member
Lender of last resort is not enough, says Geithner
There is a lot of “magical thinking” about what central banks can do, says former US Treasury secretary
Denmark should avoid fiscal stimulus to preserve balanced recovery – central bank
Government should be ready to tighten public spending to prevent the economy from overheating
European Commission proposes AML powers for EBA
Jean-Claude Juncker sets anti-money laundering as a priority for the European Union
Which emerging markets are in the firing line?
Some instability from Turkey and Argentina has spilled elsewhere, but not all emerging markets are under threat
Zimbabwe may axe bond note scheme – finance minister
Incoming finance minister says priority will be currency reform
New Zealand to open next phase of RBNZ act review
Labour government to review case for separating prudential supervision from the central bank
Carney agrees seven-month extension to term
BoE governor continues to avoid full eight-year term laid out in the central bank law; Jon Cunliffe also reappointed
ESM’s Pacciani says public bodies must balance risk and mission
Public institutions must meet their mandates without losing sight of sound risk management, the chief risk officer says
Risks posed by some ‘shadow banking’ firms not fully known, ESRB says
“Significant data gaps” prevent full assessment of “other financial institutions”, report says
Odds increasing for rate hike at September FOMC meeting
US economy is strong enough to merit a further rate increase, Richmond Fed president says
Fed’s Rosengren sees less room to tackle next recession
Fiscal, monetary and regulatory buffers are not as high as they should be, says Boston Fed president
Riksbank offers deposit facility to central counterparties
Measure intends to reduce impact of liquidity shocks in krona-denominated transactions
US may be over natural unemployment rate – Atlanta Fed president
Raphael Bostic estimates natural employment “is in the 4.2–4.3% range right now”
ECB should not be lead agency for EU financial stability – Mersch
Democratically elected institutions should play main role, ECB board member says
Automation of financial services poses problem for labour market
Central bankers fear the labour market may not recover as quickly as during previous technological revolutions
Protectionism won’t divert Bank of Canada’s inflation focus – Wilkins
Rate-setters think gradual normalisation is still appropriate, higher rates necessary to achieve target
Central bankers admit they are not yet prepared for crypto assets
Uncertainty around the assets’ use and regulation calls for further research, debate finds
Cyber crime potentially biggest risk to Danish banks, central bank says
Central bank study finds most financial institutions have reinforced their security since 2016