News
Turkish central bank makes largest-ever rate cut
Unprecedented 425bp cut will raise independence fears following governor’s dismissal
South Africa’s broad inflation target range ‘a mistake’, says Kganyago
Sarb governor complains that ownership debate is damaging country’s economy
Iceland’s government appoints new central bank governor
Economics professor and former banking executive takes over as central bank warns of recession
RBI looks to build domestic trust and global clout with new strategy
Central bank seeks return to stability after problems in non-bank sector and political pressure
Quant Lipton pans Facebook’s Libra
Former Bank of America exec sees more potential in rival projects, such as utility settlement coin
IMF calls on Brazilian legislators to pass central bank independence law
Staff welcomes new law blocking central bank transfers to the Treasury from reserves revaluations
UK banks call for different regulatory approach
Frequent regulatory changes for online banking create burden for large banks, Starling Bank CEO says
Surge in cross-border credit led by non-banks
Cross-border claims rise at fastest rate since the global crisis, BIS figures show
IMF calls for more progress on Serbian currency
Central bank managed recent currency instability well, IMF staff say
Sonia users face three-way choice in term rate
Trio of rival forward-looking versions of sterling Libor successor set to be available
Fed’s floor could be ‘junked’ if credit surges – Goodhart
Credit demand and plentiful liquidity could be potent inflationary mix, Charles Goodhart says
Politicians and courts put pressure on Ukrainian central bank
National Bank of Ukraine alleges “coercion” by courts as former owner of failed lender returns
PBoC unveils 11 measures to open up China’s financial sector
Analyst says actions most detailed so far in loosening foreign ownership restrictions
BoE faces bleak outlook as new prime minister appointed
Think-tank says UK may already be in recession, as threat of “no-deal” Brexit looms
Hyperinflation threatens to return to Zimbabwe
Official inflation almost doubles as economic threats remain
EU risks creating unlevel playing field in fintech – EBA report
European fintech companies are increasingly coming under EU regulation, report says
Central bank ‘put’ can harm market function – Kuroda
BoJ chief says easing measures are working, but central banks must be wary of side-effects
ECB warns Slovene government over draft law on loans
New measure could expose central bank to political risk and harm commercial lenders, ECB says
St Louis Fed’s Bullard warns about rise of multicurrency systems
Crypto assets may hamper monetary policy transmission and increase exchange rate volatility
Bankers join Liberian central bank board after Senate U-turn
Lawmakers reverse decision and accept candidates in secret session as concerns mount
Chile’s central bank holds rate, but signals future cut
Rate-setters point to below-target inflation as main reason for future easing measures
New York Fed forced to clarify Williams’ speech
Spokeswoman steps in after Williams appears to hint at more aggressive policy cut
Philippines poised to cut rates as inflation cools
Governor Diokno hints at more easing if inflation is under control
UK financial regulators begin work on ‘air traffic control’
BoE, FCA and others to co-ordinate more closely on regulation