News
Turkish deputy governor resigns to join development bank
Erkan Kilimci was appointed to role in May 2016 and held MPC seat
Carney signals ‘willingness’ to stay at BoE
Governor implies he is “willing” to serve another year, though decision falls to Treasury
IMF says Chad and BEAC reforms must continue
Multi-state African central bank must make changes to policy framework, IMF staff say
Time running out for EU Brexit temporary permissions regime
UK clearing houses may need to eject EU member positions if BoE scheme is not reciprocated by year-end
Argentina’s exposure to capital flows limits central bank actions
Peso seen as likely to remain under pressure despite forex interventions and sharp tightening
Bank Indonesia steps in to stem rupiah fall
Rupiah falls to lows not seen since the Asian financial crisis, as Indonesia becomes the latest victim of the strong dollar
CBRT vows action at next policy meeting
Turkish central bank has already raised effective interest rates without changing the policy rate
Cyprus inquiry probes central bank’s role in lender’s collapse
Senior supervisor says central bank and ECB failed to act after chief executive resigned in 2015
ECB calls for changes to draft investment firm regulations
EU proposals omit macro-prudential measures and could cause statistical problems, ECB says
RBI figures show demonetisation captured very little ‘black money’
Over 99% of banknotes were returned despite high cost to the economy
Vietnam allows renminbi payments in border areas
Renminbi payments designed to cut risks and boost trade
Nigerian central bank demands repatriation of $8 billion
CBN says South African firm and local banks illegally transferred funds outside country
Argentina hikes to 60% as peso drops further
Monetary policy committee holds emergency meeting amid fresh trouble for the currency
Singapore aims to become e-FX hub for Asia, says MAS’s Loh
Jacqueline Loh says Singapore wants more price discovery to take place in the country
Central Bank of the Philippines gets mandate to regulate payment systems
Payment systems could be placed on blacklist if they pose a risk to the financial system
RBA suffers payments outage after fire test
“Routine maintenance” led to loss of power at main data centre
Published rate path has similar effect to other communication – BIS study
Communication is important, but the “exact form” less so, according to research
Clarida confirmed as Fed vice-chair
US Senate approves appointment with 69 votes in favour, 26 against and four abstentions
Turkish lira back under pressure amid Moody’s downgrade
Central bank raises overnight borrowing limits; dwindling reserves could prove a challenge in the months ahead
Venezuelan central bank launches app to aid currency reconversion
App allows members of the public to covert prices into the new “bolivar soberano”
IMF paper proposes cash-based solution to zero lower bound
“Decoupling” cash from electronic money could be an alternative to QE or a higher inflation target, the authors say
IMF authors dismiss global Phillips curve as euro inflation driver
Domestic factors largely behind “remarkably stable” inflation in eurozone
ECB asks for changes to EU’s covered bond proposals
Suggested new regime could lead to significant national differences within EU, ECB says
Powell warns not all US problems can be solved by Fed
Fed chair implicitly defends monetary policy in face of Trump’s attacks