News
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
Bank of Israel criticises government’s defence spending plans
Outgoing governor Flug also disagrees with finance ministry’s low-tax policies
Sierra Leone’s president fires governor and appoints successor
Recently-elected president appoints academic as economy’s problems worsen
Bank of Thailand names digital currency partners
Central bank says first phase of ‘Project Inthanon’ should be completed by first quarter of 2019
People: Chinese and Turkish central banks each gain new deputy governors
Bank of England director to lead Irish central bank financial stability department; and more
Sudanese central bank attempts to tighten finances as crisis deepens
No replacement announced for late governor, who died in June
Kenyan central bank reports big increase in banks breaching regulations
Governor calls for banks to consider their “long-term impact on society”
Denmark completes RTGS renewal
New functionality will allow Danish banks access to Europe’s Target2-Securities in late 2018