News
ECB says Slovene draft law would harm central bank
Proposal is latest round in long-running political battle over bail-in of shareholders and creditors
Central banks must become more diverse – Carney
Improving diversity increases strength and reduces groupthink, BoE governor argues
Costa Rica makes about-turn on interest rates
Central bank reverses November hike as inflation concerns tip towards the downside
Families of Liberian central bankers seek funds for legal defence
Some local media outlets allege deaths of central bank staff are linked to scandal
Major EU banks would withstand economic storm – ECB research
ECB test says in profound crisis below 10% of banks would struggle to meet capital requirements
Borio questions Larry Summers on ‘secular stagnation’
Two teams of economists present fresh evidence for divergent views of low real rates
Cypriot president appoints new central bank governor
Current governor’s term will not be renewed after clashes with government
Turkish lira depreciates as reserves fall sharply
Forex reserves have fallen by 8% in first three weeks of March, according to central bank data
Namibian government proposes to cap its borrowing from central bank
Finance minister asks for five-fold increase to central bank’s capital to pay for new responsibilities
RBNZ announces members of new monetary policy committee
Four internal and three external MPC members will make monetary policy from May 8
Kenyan High Court strikes down law capping interest rates
But court rules law did not infringe central bank’s mandate and says caps could be brought back
BoE to improve supervision in light of bank’s near-collapse
Report on the Co-op Bank’s near-failure warns ‘open banking’ could throw up new systemic risks
Draghi says ECB could further delay rate hike as inflation disappoints
Weaker growth forecast contributed to reduction in central bank inflation forecast to 1.6% in 2021
Nigerian central bank cuts rates as governor’s future remains unclear
Pressures on emerging markets are major factor behind rate cut, MPC says
RBNZ signals future rate cut on international weakness
Looser policies in the US and eurozone are putting upward pressure on New Zealand dollar
Yi pledges to continue opening up China’s financial sector
Some measures are yet to be finalised despite end-2018 goal
HKMA grants first three virtual banking licences
Move is “major milestone” for Hong Kong’s efforts to compete as financial centre
Access to cash a priority for UK’s PSR this year – report
Regulator criticised for response to earlier report which said 17% of population would struggle without cash
Latvia may replace regulator’s board several years early
Move comes as Latvian authorities try to respond to allegations of money-laundering
Irish finance minister seeks candidates for governor role
Senior civil servant seen as strong contender but has been criticised for pre-crisis optimism
Atlanta’s Bostic lays out case for central banking with ‘ample’ reserves
Floor system performing well and has benefits, says Atlanta Fed president; Harker and Rosengren argue for shift in balance sheet composition
RBI swap operation heavily oversubscribed
Unusual move to inject long-term liquidity into the system draws strong demand from the market
Fintech experts recruited for New York Fed advisory group
New group will provide gateway for Fed to interact with tech industry leaders
Fed’s rate pause puts pressure on BoJ
Fed’s dovishness could pull JGB yields lower and put upward pressure on the yen