Central Banking
Bank of Mexico launches mobile payments platform
CoDi offers instant payments between individuals and companies, and aims to promote competition and financial inclusion
Fed can now keep rates on hold, senior official says
Recent cuts have provided greater assurance Fed will hit inflation target, Charles Evans says
RBNZ may gain new powers to protect access to cash
Consultation proposes more active role for central bank; regulations could mandate access to cash
Bank of Korea warns of worsening financial stability as exports fall
More rate cuts expected as South Korean exports fall for 10 consecutive months
Creating trust in money in a data economy
The NDB’s compliance chief, Srinivas Yanamandra, speaks about the need for new approaches to regulating digital currencies, distributed ledgers and deep-learning algorithms
Albanian central bank introduces first polymer notes
Governor calls on parliament to approve draft law on improving payments systems
Lebanese central bank tries to stem currency weakness
Governor says central bank will ensure dollars are available for wheat, fuel and medicine
RBA cuts rates to new record low
Australia’s central bank “prepared to ease monetary policy further” to meet inflation target
IMF economist: central banks may have misdiagnosed secular slowdown
Lower neutral rates may have been caused by central banks lowering rates, researcher says
EMEs can resist spillovers with prudential policy – BoE paper
Some prudential policies work better than others, researchers find
Expectations and term premia both drive spillovers – BIS paper
Different components have greater impacts in advanced and emerging economies, authors find
Māori business principles support stability, says RBNZ’s Orr
Collectively-owned businesses are more stable, but many struggle to access capital, governor says
Seven threats from big tech’s libra
Can central banks avoid a ‘big tech’ monetary meltdown?
Eurozone should re-think stress tests, Enria says
Top ECB supervisor suggests splitting tests to make them simpler and less costly
Researchers use option prices to gauge ZLB risk – San Fran Fed
Chance of rates hitting zero lower bound by the end of next year is 16%, researchers find
ECB’s OMT and banking union rekindled financial integration – research
Subprime mortgage crisis interrupted progressively higher integration from 1995–2007
UK watchdog unveils curbs on illiquid funds
Some open-ended funds will now have to make contingencies for stressed market conditions
RBI weighs reforms to liquidity framework
Report recommends retaining the corridor system and simplifying operations
Riksbank may publish several overnight rates from 2020
As in other jurisdictions, new rate would be based on reported transactions from counterparties
Financial plumbing might be ‘rusty or clogged’ – Philadelphia Fed president
Patrick Harker calls for review of the US’s money market plumbing
Kenyan high court dismisses challenge to new banknote series
Central bank had been accused of violating constitution with banknote designs
Italian government nominates Panetta to senior ECB role
Nominee is trained economist with over 30 years’ service at the Bank of Italy
IMF warns Ukraine to protect central bank independence
Governor calls for end to pressure on reformers as court reinstates senior official
BoE finds room for improvement in cyber attack exercise
Participants have made changes since previous exercise but some issues remain, central bank says