Central Banking
Bank of Korea to expand government bond purchases
South Korean central bank vows to buy more government bonds as finance ministry proposes new pandemic relief package
Covid-19 reveals systemic flaws – Brainard
Fed board member weighs impact of March 2020 crisis in money markets, warning some risks remain
SNB profit drops by nearly 60%
Swiss central bank records much smaller profits on foreign currency positions
Paper examines US pensions’ effects on natural rate
Welfare effects of possible reforms depends on productivity growth, Bank of Italy paper finds
Bank of Canada unveils new diversity strategy
“No place for racism in the Bank of Canada,” says Macklem
Kansas City Fed launches new website
Improved navigation and search functionality are at the core of redesign, central bank says
ECB pushes for greater crypto asset powers
Central bank suggests changes to afford it greater oversight of e-money issuers
Irish central bank to gain stronger anti-counterfeiting powers
Draft law makes Irish central bank national currency analysis centre and gives it enforcement role
Myanmar central bank caps cash withdrawals
Officials claim measure is part of digital transition, while the military grows more violent
Yellen backs proposal for SDR issuance
G20 calls on IMF to develop proposal for “general allocation of SDRs”
IMF urges São Tomé and Príncipe central bank to support recovery
Lack of tourism and drop in remittances has caused recession, fund says
More syndicated loans at risk, say US regulators
Regulatory agencies say Covid-19 puts more big loans in lower categories, but cushions are strong
Richmond Fed’s Barkin calls for more vocational training
Tom Barkin says US infrastructure workforce depleted; advocates more immigration
Bank of Italy names Signorini to second most senior role
Long-time official is promoted to general manager after Daniele Franco becomes finance minister
Kyrgyzstan central bank hikes rates as inflation rises
Fifty-basis point hike brings rate to 5.5% amid rising inflation and following political upheaval
Three Caribbean central banks announce new CBDC projects
Bank of Jamaica plans CBDC pilot, while Bahamas and ECCB upgrade existing projects
Eurozone needs fiscal stimulus – ECB’s Schnabel
ECB board member says raising eurozone inflation needs fiscal evolution and structural reform
BoE’s Haldane warns against ‘complacency’ on inflation
Chief economist says uncertainty is high but risks are “skewed to the upside”
Ghana’s central bank launches fintech sandbox
Central bank says it will give preference to firms looking to bolster financial inclusion
Bank of Spain paper analyses regulations’ complexity
Researchers present new method for assessing regulations’ structural and linguistic complexity
RBNZ to support government housing objectives
New Zealand finance minister changes central bank’s monetary and financial policy remits
Rich countries must aid poor over Covid-19: Georgieva
IMF chief warns of future financial instability and calls for major aid flows to developing world
Fed’s ‘operational error’ disrupts key payment services
Fedwire, ACH and other transfer systems suspended for several hours
RBI’s Das: pandemic improved India’s external balance
Boom in software business helped shore up current account and boost RBI reserves, governor says