News
Markets diverge on how far Fed will go
“There may be volatility in the markets later this week,” Fed-watcher says
The tricky business of electing a new IMF managing director
New leadership will face overrepresentation of advanced economies and possibility of dwindling resources
Ukrainian central bank to introduce IBAN for banking system
Use of system will bring Ukrainian banks closer to European Union practices
BoE to demand transparency on bank resolution plans
Central bank finalises framework for resolvability assessment
Proposal to axe Phillips curve triggers controversy
“One cannot just ignore an equation,” retorts Olivier Blanchard
Angola follows African trend of holding rates in surprise decision
Nigeria, Kenya, Egypt and Ghana have all held rates this month
Fed demands further analysis on HSBC resolution plan
Fed also questions six other large banks on assumptions made in plans, letters reveal
Bank of Russia cuts rates and warns of slowing growth
Central bank says further cuts possible as it warns of falling exports and weak investment
Cambodia launches blockchain-powered payment system
Central bank hopes to reduce money transfer costs and improve financial inclusion with the mobile-based system
Gold accumulation after WWII driven by governors’ habits – research
Bretton Woods never worked as intended due in part to persistence of gold standard practices
Bank of Italy and state mint set up new company
Joint venture aims to become “centre of excellence” for printing documents with security features
HKMA appoints central bank veteran as new chief executive
Eddie Yue will become the HKMA’s third chief executive after 26-year service
Eritrean authorities must restore central bank independence – IMF
Macroeconomic situation is “dire” and financial sector needs restoring, IMF says
Draghi sounds alarm over eurozone inflation outlook
ECB will look at new methods for boosting inflation as Draghi toughens language
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