News
Former Sarb governor assumes finance minister role
Tito Mboweni succeeds Nene but opposition party questions his “radical views”
BoE calls on EU to act on Brexit stability risks
Failure to act could disrupt $90 trillion of derivatives contracts, central bank warns
IMF cuts global growth forecasts
Likelihood of further negative shocks has risen, warns Maurice Obstfeld
UK payment service providers at risk under ‘no deal’ Brexit
Payment service providers risk being locked out of Target2 and Sepa
Amir Yaron appointed Bank of Israel governor
US-based professor in line to take over from Karnit Flug later this year
Bank lawsuit pushes Fed to rethink monetary system
The Narrow Bank has the potential to alter how the Fed conducts monetary policy
Haldane to lead effort to boost UK productivity
BoE chief economist appointed chair of the Industrial Strategy Council
Ukrainian central bank to auction distressed banks’ assets
NBU also announces upgrade to sovereign bond-selling infrastructure
Solid US economy contributes to higher 10-year Treasury yields
Inverted yield curve less likely as long-term growth and inflation expectations rise
PBoC cuts RRR as markets plummet
Trade war fears trigger instability in Chinese markets
A stressful week: saving the UK banking sector
One frenetic week in 2008 led to the formation of the UK’s modern stress-testing approach
Nordhaus and Romer win economics Nobel
Economists specialising in long-run macroeconomic modelling win 2018 Nobel Prize
Bank of Canada launches education website
Central bank widens efforts to educate Canadian students on finance
Central bank independence key to low and stable inflation – IMF
Domestic factors more important than global financial forces, researchers find
Colombian central bank aims to build up foreign exchange reserves
Central bank prepares for potential reduction of IMF credit line
RBI holds policy rate steady despite growing imbalances
Rupee is under pressure and current account deficit widening, but inflation risks are still limited
Iran cuts forex restrictions as pressure on currency continues
Authorities say central bank will intervene to support rial
Esma head issues Brexit warning over UK CCPs
Maijoor calls for continued access for EU members
Fed aims for real-time interbank settlement of faster payments
Brainard points to “growing gap” in US transaction capabilities
Bank of Uganda hikes rates for first time since 2015
Rising oil prices and exchange rate volatility prompt central bank action
Fed could change capital rules for bigger banks – vice-chair Quarles
Deregulatory act had already softened regulations for banks with below $100 billion, up from $50 billion
Powell downgrades Phillips curve importance
Unemployment forecasts are not too good to be true, Fed chairman argues
Liberia’s central bank says all ‘missing’ banknotes are accounted for
Internal investigation concludes banknotes ordered between 2016 and 2018 were delivered to vault
Zimbabwe banks ordered to ring-fence foreign currency accounts
Move appears to be a step towards de-dollarisation