Bank of England (BoE)
‘Non-salient fees’ matter for mortgage pricing – BoE paper
Many borrowers appear to be less sensitive to fees than to interest rates, and firms exploit this
Shared supervision can help avoid ‘capture’ – BoE paper
Dividing tasks across agencies can lead to better outcomes by avoiding “supervisory capture”
UK lawmakers call for transparency on BoE governor appointment
MPs call on finance minister to make shortlist public as survey highlights trust deficit
PRA’s Mills on future fintech challenges for supervision
The PRA's chief operating officer Clair Mills discusses tensions caused by disruptive innovation, major uses of AI, the role of big tech and the future of supervision
30 years of forecasting: have central banks learned anything?
Forecasting models are constantly being upgraded, but forecast errors are still persistent. What more can central banks do?
BoE paper models exchange rates with private money creation
Uncovered interest parity does a poor job of explaining exchange rates on its own, authors say
BoE forced to reveal latest analysis of no-deal Brexit
Carney writes that preparations have helped reduce likely impact of “worst-case” no-deal
Central banks ‘must engage’ with emerging technology – BoE’s Mills
PRA chief operating officer says BoE is planning new regtech projects
Fed economists propose alternative to floor system
Pre-crisis BoE framework may preclude need for further ‘technical adjustments’, researchers say
Brexit may have cost the UK 5% of productivity – BoE paper
Study draws on newly developed survey of decision-makers at UK firms
A key message from Jackson Hole: policy must globalise
Setting policy in isolation is becoming untenable and spillovers must be considered more, remarks suggest
BoE policy-makers face fallout from political chaos
November policy decision could be unveiled on an election day; new analysis by MPC members suggests worst economic impact yet to come
RBA open to unconventional policy measures – deputy governor Debelle
Quantitative easing may be on the cards if central bank cuts rates to 0.5%
Carney: digital currency could help fix global monetary system
A “synthetic hegemonic currency” could end the destabilising dominance of the dollar, BoE chief says
Fund structures are ‘a big issue’ for monetary system – Carney
Immediate redemptions risk amplifying capital flow volatility
The roots of the new gold fever
The end of the Central Bank Gold Agreement could herald the return of gold as a key reserve asset
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as…
Carney warns Germany and France of Brexit derivatives cliff edge
Bank of England governor says it is in the “interest” of EU countries to ensure the full viability of financial contacts ahead of Brexit
BoE under pressure with July inflation release
Bank of England must deal with recent fall in GDP and Brexit uncertainty
Derivatives users split over legacy Libor swaps
CCPs say cleared swaps will move to new rates if Libor is no longer representative of markets
The future of balance sheet policies
Central banks are expected to resort to a range of balance sheet activities to fight the next downturn. William Towning investigates what tactics they may deploy
The great wave: global liquidity in a turbulent world
Global imbalances are growing, and it is unclear whether the world’s institutions have enough firepower to respond to a crisis, writes Daniel Hinge
Institutional approaches are key factor in mortgage defaults – BoE paper
European countries show major differences in mortgage default factors, researchers find
Carney indicates interest in IMF top job
Outgoing BoE chief says IMF role is important, but there are many “highly qualified” candidates