Europe
Uncertainty over economic policy throttles lending – ECB study
Authors point to recent developments in US, but say sources of uncertainty can come from anywhere
Lagarde: ECB should supervise non-banks to prevent rerun of 2008
Monetary policy would benefit from more holistic prudential approach, president says
Book notes: Crisis cycle, by John H Cochrane, Luis Garicano and Klaus Masuch
This book ought to be read by anyone with an interest in or influence on the future development of the Emu
ECB picks digital euro service providers
Bank names six private companies, along with backup options, for CBDC project
Central banks must focus on comms – Bank of Finland panel
Institutions need to concentrate on anchoring inflation expectations, governors say
France’s fiscal ills may require ‘targeted taxes’ – BdF head
Villeroy de Galhau warns citizens there is no ‘magic tax’ that only others will pay
Eurozone payment systems not ready for quantum – research
Bank of Italy paper calls for more robust cryptographic algorithms and quantum roadmaps from suppliers
ECB’s Evelien Witlox on design choices for the digital euro
The digital euro’s program director speaks about holding limits, waterfall arrangements, programmability, blockchain usage and offline ‘secure elements’ for cash-like exchanges
ECB sheds light on uses for a digital euro
‘Sandbox’ participants speak of largely positive experiences with prototype CBDC
ECB and SNB explore linking payment systems
Feasibility study will run through 2026, central banks say
Merz backs using Bank of Russia funds to help Ukraine
Frozen central bank assets could collateralise €140bn interest-free loan, says German chancellor
Central Europe’s central banks hold rates
Switzerland, Czech Republic and Hungary keep policy steady
Europeans flock to cash during times of crisis – ECB research
Study highlights hard currency’s role as ‘spare’ tyre in payments system
World Bank Ramp membership stronger among smaller teams
Share of central banks participating in network rises year on year
Eurozone consumers shifted habits after tariffs – ECB survey
More financially literate citizens stopped buying US goods, consumer expectations survey shows
People: Head of Bank of Mauritius to step down
Plus: Ethiopia appoints governor and EBA chair announces departure
Central banks on average intervened in FX markets 21 times in past year
Minority of respondents expanded access to swap lines
Central bankers’ compromised immunity
Just how much legal protection should officials have from spurious lawsuits or wrongful dismissal?
Esma needs dose of BoE agility, says official
Clearing house supervisor Giusto points to central bank's consultation on Emir as example of nimbler approach
Majority of reserve management strategies unchanged by US tariffs
Some central banks have changed duration or currencies, but for most, business remains as usual
Stablecoins pose bigger risks to US than to EU – de Guindos
ECB vice-president also expresses hope that “populist movements in Europe do not prevail”
Securities lending banks engage external managers for new assets
Allocation to third parties rises year on year to 15.6% on average
Political turmoil rattles Turkish lira carry trade
Echoes of March crackdown that sparked market rout leave traders on alert
Non-dollar stablecoins could spur greenback’s decline – BdF deputy
Central banks should embrace, not oppose, financial innovation, Bénassy-Quéré argues