News
Central Bank of Colombia goes for more detailed minutes
New minutes include more detail about board members' policy views that ‘on occasion may reveal the institution's future policy inclination', according to central bank
IMF says ECB should 'consider' buying eurozone government debt
International Monetary Fund encourages European Central Bank to launch large-scale asset purchase programme if inflation ‘remains stubbornly low’
Swiss National Bank mulls negative rates to follow ECB
Swiss National Bank governor says ‘closely monitoring' the effect of the ECB's move to negative rates; new measures may be needed to cool housing market
Bulgarian deputy governor takes leave from bank to fight misconduct prosecution
Bulgarian deputy for banking supervision fights allegations of turning a blind eye to a privately-owned bank exceeding lending limits to sister companies
Ukraine parliament appoints new central bank governor
Ukraine central bank governor Stepan Kubiv replaced with investment banker Valeria Gontareva after parliament approves presidential bill
Bank of England MPC minutes reveal surprise over dovish market expectations
BoE minutes show MPC members expected markets to price in earlier rate hike despite bank's vow to keep them low for extended period of time
BoE's newest MPC member defends limited experience of ‘core' issues
Kristin Forbes says her knowledge of international capital flows brings ‘direct expertise to the UK'; describes herself as someone willing to break ranks
Basel committee revisits 2002 guidance on 'weak banks'
Update to BCBS guidelines is the first since long before the financial crisis; Ingves says ‘early identification and intervention by supervisors is critical'
Ukraine president moves to replace central bank chief
Newly elected president of Ukraine puts bill before parliament to replace central bank governor Stepan Kubiv with investment banker Valeria Gontareva
PBoC approves direct trading between renminbi and sterling
The pound will become only the fifth currency that can be directly exchanged with the yuan; People’s Bank of China names China Construction Bank as renminbi clearing bank in London
Luxembourg central bank accuses government of withholding statistics
Central Bank of Luxembourg says it will not be able to honour its commitment to publish a ‘thorough analysis’ of public finances this month because it cannot access the data it needs
Rajan: RBI ‘could give up’ some powers
Reserve Bank of India should retain its regulatory powers, Rajan says, but it could cede part of its debt management role to the government ‘without any loss in welfare’
Expanding SWF forum to fly IMF nest and land in London next month
International Forum of Sovereign Wealth Funds welcomes new members ahead of relocation from the IMF's headquarters to its own premises in London in July
Russia returns to floating ruble strategy as Ukraine pressure cools
Bank of Russia has reduced the amount it will intervene to prop up the ruble, signalling an easing of geopolitical pressure on the currency
Lagarde says Yellen should double FOMC press conference frequency
IMF chief says clear communication is needed to dispel market uncertainty over US interest rate lift-off; also calls on FOMC to publish quarterly monetary policy reports
Poland governor Belka's comments cause political storm
Conversation from last summer shows NBP governor called for finance minister to be replaced, and made disparaging remarks about colleagues on the MPC
MAS to offer overnight renminbi liquidity
Monetary Authority of Singapore says it will launch an overnight liquidity facility for Chinese currency in July; latest step in growth of offshore market
Carney leads central bankers in open mouth operations
ECB policy-makers make the most speeches by far, but a broader trend towards more frequent communication is confirmed by CentralBanking.com research
Bank of England given far-reaching macro-prudential powers over housing
UK chancellor unveils ‘big new steps' that will allow BoE to cap loan-to-value and loan-to-income ratios on mortgages; Carney ‘applauds' decision
Stanley Fischer confirmed as Fed vice chair, as Brainard joins the board
Lael Brainard passes Senate vote to become newest member on Fed board of governors; expected to be sworn in before FOMC meeting on Tuesday
Philippines tailors stress tests to real estate exposures
Central Bank of the Philippines approves new prudential guidelines to incorporate in bank stress tests; insists they are preferable to ‘absolute limits’ on real estate exposures
Australian sovereign wealth fund appoints new head
Chief investment officer David Neal picked to head up the management company behind Australia's $90 billion Future Fund
Belgians call for ‘strong co-ordination’ to hold EU prudential regime together
Article in National Bank of Belgium's financial stability review evaluates the institutional structures that will influence macro-prudential policy in Europe
Turkey's central bank board removes five executives
The bank has yet to comment publicly on the reshuffle, which a spokesperson says is not a matter of public concern