Central Banking
BoE needs ‘better handle’ on control of UK currency
Lawmakers highlight the UK’s disjointed cash management, which could put consumers at risk, they say
Bank of Spain paper looks at loan origination times
Loan origination data provides important insights into banking stability, researchers argue
Norges Bank deputy governor resigns over security clearance
Deputy governor in charge of world’s largest SWF denied clearance because of wife’s residence in China
Colombia draws on IMF’s FCL funds for first time
Government resorted to $5.4 billion drawing to help meet higher pandemic financing needs
RBI on hold as inflation outlook turns ‘adverse’
Central bank in a bind as supply problems drive up prices but growth still needs “nurturing”
Lane’s calls to investors stir controversy ahead of key ECB meeting
Chief economist’s private discussions with investors after policy meetings come under scrutiny
Christopher Waller narrowly passes Senate vote
St Louis Fed economist approved for Fed governor role, despite opposition from Democrats
Pressure from Facebook may speed up digital euro development – panellists
ECB does not plan to announce whether it will proceed with digital euro proof of concept until mid-2021
Centralisation key to digitising central banks – ECB conference
Bank of Italy studies use of machine learning to boost supervisory capabilities
Tangen to permanently divest from AKO fund in January 2021
Norges Bank unveils final contract with SWF’s new chief executive
BIS paper explores reasons for large gold reserves
Researcher says large holdings can be justified, but only for some purposes
Brazil central bank could ‘test’ lower rates if inflation remains weak – IMF
IMF staff see “no constraint” to lower rates as long as forward guidance is deployed
BoE prepares to launch sharia-compliant liquidity facility
Special-purpose vehicle will be structured as a ‘wakalah’ or fund-based liquidity facility
Cypriot governor and NBIM chief executive contract Covid-19
Herodotou and Tangen become latest central bank officials to test positive for the virus
Saudis and UAE say shared CBDC is technically possible
“Project Aber” shows DLT can be used to upgrade cross-border payments, central banks say
Pandemic accelerates decline in eurozone cash usage – ECB
During 2016-19 cash gradually declined as means of payment, but was still first option
BoE selects cloud partner
London-based firm Appvia secures two-year contract to deliver cloud environment
Eurozone unemployment falls slightly
Unemployment falls to 8.4%, but youth joblessness is much higher at 18%
Dollar Libor reprieve sparks fallback uncertainty
Popular settings to end in June 2023; market seeks clarity over timing of fallback spread triggers
Lebanese parliament demands central bank audit
Lawmakers say vote overrules banking secrecy laws and central bank must release documents
Early estimate says eurozone inflation staying put
Eurostat estimates for November show core inflation also remained stable at 0.2%
RBA board not expecting to raise rates for three years – Lowe
Australian central bank leaves rates unchanged as governor forecasts unemployment will fall slowly
Sri Lanka’s central bank picks SimCorp to manage reserves
Platform will handle both internally and externally managed funds
ECB paper looks at cross-border macro-prudential effects
Imposing capital buffers cuts risk-taking and lending by foreign subsidiaries, researchers find