Bank of England (BoE)
Voluntary reserve targets can aid transmission – Fed paper
Voluntary targets could help central banks set policy more effectively
People: Carney gets new senior adviser
Bank of England creates new senior adviser role; IMF appoints chief information officer; and more
Central Banking Awards 2018: Gallery
See the winners from the big night, including leading figures from across the industry who came to pick up their awards
UK takes next steps in payments shake-up
Two of the three retail payment systems have been taken over by the New Payment System Operator, with the third to be integrated soon; first non-bank PSP connects to BoE’s RTGS
People: BoE appoints chief cashier in senior reshuffle
BoE makes promotion following departure of Chris Salmon; Malaysia picks new assistant governors; MAS makes changes to senior management
Haldane envisages ‘iterative’ approach to advancing economics
Deductive and inductive approaches “need to share a broadly equal billing”, BoE chief economist says, setting out how the central bank has made use of big data
Carney and Draghi to tackle Brexit risks in new group
EU and UK authorities ask central bankers to manage risks to financial services
Bank of England unveils new education initiative
The “econoME” programme seeks to bring basic economics into UK classrooms
BoE profits exceed target, but pay squeeze continues
Senior staff to receive below-inflation pay rises, though income and costs both “favourable”
BoE’s Brazier says investment risks are hidden in “plain sight”
Investors are ignoring “moonwalking bears” and are taking on risks for less compensation as they struggle to obtain higher returns
BoE faces ‘uncomfortable’ approach to May meeting – Forbes
Former MPC member says pre-announcing a rate rise “could be quite dangerous”, as Mark Carney appears to row back from signalling a hike
BoE paper investigates uncertainty around elections
Elections help to isolate macroeconomic and financial uncertainty, author argues
BoE’s Brazier: credit risks ‘stirring’ beneath calm surface
Riskier forms of mortgage debt are on the rise, executive director says
Norges Bank launches research blog
New platform aims to encourage discussions on central bank’s research
BoE paper hunts for shifts in forecast accuracy
Authors outline new method of detecting when forecasts break down
BoE to provide ‘tailored’ assistance to African counterparts
UK central bank to share expertise with counterparts in South Africa, Sierra Leone and Ghana, as part of wider initiative to support African economies
UK wage growth outstrips inflation
Lower unemployment and above-target inflation reinforce May hike probability
BoE should not merge monetary policy and macro-pru - Broadbent
Merging key committees could undermine accountability, says deputy governor
Central banks should personalise communications – BoE’s Haldane
Explaining how monetary policy affects the lives of everyday people could help bridge trust gap, the BoE’s chief economist says; calls for monetary policy ‘scorecards’
Major central banks call for concerted action on climate change
“Transition risks” are the most challenging for financial institutions, Carney says
BoE goes granular with data experiment
UK central bank announces successful data proof of concept looking to store, organise and combine data based on the XBRL standard
BoE: UK-based financial firms will face same regulations during transition period
“Back-stop” will be available if withdrawal agreement is not ratified - BoE
BoE outlines DLT proof of concept
Participants will access cloud-based platform which will simulate new RTGS system
‘Interventions’ are needed for gender balance, says BoE COO
Offering women opportunities is not enough, says Joanna Place; women need to feel confident enough that they “can and will” take positions