Europe
ECB reinforces commitment to monetary stimulus
Central bank expects inflation to reach 2% “durably”, midway through its projection horizon
Eurozone fiscal deficit declines in Q1
Lower imbalance due to lower spending; revenue remained stable as a share of GDP
Technology is the best bet in fighting money laundering
Danish FSA chief Jesper Berg says there is a need to think ‘outside the box’ on corrupt money
ECB set to adapt forward guidance in July meeting
Analysts expect ECB to adjust policy to meet goals of recent strategy review
The ‘golden age’ of central banking has passed
Central banks are up against multi-faceted challenges and weakened autonomy amid highly polarised inflation expectations
Most central banks communicate in at least two languages
Central banks must weigh challenge of translating sensitive messages against reach
The ECB’s monetary policy strategy review
Otmar Issing offers some initial perspectives on the ECB’s strategy review
ECB launches digital euro project
Central bank supports European Commission plan for e-identity rollout across the eurozone
Paper analyses eurozone consumers’ inflation expectations
Short-term views, trust and Covid-19 shaped medium-term expectations – Bank of Finland paper
Email top for internal central bank communications
In-house platforms, events and seminars also widely used
New inflation target set to bind ECB to ‘lower for longer’ strategy
Symmetric 2% target should allow council to boost APP purchases as Pepp is phased out, say analysts
ECB adopts 2% symmetric inflation target
Central bank chooses not to follow Federal Reserve’s lead on average inflation targeting
Monitoring tools critical to measuring comms effectiveness
Facebook and YouTube remain most popular social media options, but some central banks are experimenting with others
ECB likely to shy away from AIT in new monetary policy framework
Symmetric 2% target is expected outcome; council members struggle to agree on forward guidance
ESRB calls for reform of MMF regulation
Body stresses Covid-19 exposed systemic vulnerabilities stemming from money market funds
Three ways to bolster flawed AML/CFT in the EU
EU must address significant weaknesses if it wants to combat illicit money flows, write Panicos Demetriades and Radosveta Vassileva
ECB’s Enria warns eurozone banks over risk-taking
ECB likely to lift recommended dividend pause in September, chief supervisor says
Climate risks narrowly concentrated among EU banks, report finds
Only 25 EU banks bear most exposure to physical risks of climate change, ECB-ESRB report says
Vast majority of central banks provide communications training
Social media, writing skills and public speaking emerged as key areas
Eurozone inflation expected to decline in June
Early estimates suggest inflation fell to 1.9%, from 2% in May
Academics miss out on central bank background briefings
After journalists, private sector analysts are offered briefings most often
ECB launches consultation on supervisory practices
Central bank says exercise aims to boost transparency on its interaction with banks
ECB paper investigates macro-pru’s impact on inequality
More research is needed on how borrower-based measures affect income inequality, researchers say
ECB takes over supervision of largest EU investment firms
Firms posing systemic risk should not try to circumvent new regime by changing structure, ECB says