Central Banking
Egypt sharply cuts rates as inflation slides
Central bank resumes easing cycle, reducing rates by 150 basis points
Summers and Stansbury warn of ‘black hole’ as central bankers debate solutions
Economists say they hope for revolutionary thinking at Jackson Hole conference – “but we are not holding our breath”
Germany issues first ever zero coupon 30-year bond
Move raises questions over how ECB will respond to tough conditions, analysts say
Estonian paper looks at Eastern European credit
Lack of competition in banking sectors is fueling pro-cyclical credit creation, researchers find
Bulgarian central bank wins court case against Omani state fund
BNB says Washington tribunal ruled it acted properly in closing down bank
Foreign banks in US made sharpest reserve cuts – Kansas Fed paper
Researchers look at impact of Fed’s quantitative tightening on US banks’ assets
AI can help predict consumer defaults – NBER paper
Researchers say “deep learning” could be useful in designing macro-prudential policies
FOMC divided over July cut, minutes show
Some FOMC members worried by effect of rate cut on US financial stability
Indonesian central bank cuts rates again
Central bank says it will boost economic growth as president pushes fiscal expansion
IMF executives vote to clear way for Georgieva
Removing age limit would open path to IMF top job for current World Bank chief executive
San Fran Fed’s Daly plays down recession fears
But there are still problems in labour market, president says in online Q&A
Macro-prudential policy needs range of tools – Bundesbank paper
Model assesses effectiveness of capital buffers, LTV ratios and sectoral risk-weighting
Argentine governor rules out defending peso ‘far from’ economic fundamentals
Sandleris reaffirms commitment to tight monetary policy to tame inflation
Norwegian fund welcomes ‘positive result’ in turbulent quarter
Fund saw returns in the second quarter despite some difficult trading conditions
Kansas Fed develops real-time GDP tracker
The tracker builds on previous work by combining two forecast models
Fund structures are ‘a big issue’ for monetary system – Carney
Immediate redemptions risk amplifying capital flow volatility
People: Central Bank of Ireland appoints chief information officer
Central bank picks CIO and insurance director; BIS seeks innovation hub chief; Vocalink gains new CEO
Anticipation of fiscal stimulus has ‘sizeable’ impact on growth – paper
Passing the 2018 US Bipartisan Budget Act increased GDP by 1%, researchers find
Brazilian central bank to take charge of anti-money laundering unit
Central bank says it will appoint AML organisation’s head and change its governance
Fischer and Hildebrand call for emergency policy tools
Former central bank chiefs say existing monetary tools are “almost exhausted”
Bank of Mauritius overhauling supervisory framework – governor
Yandraduth Googoolye says central bank is embarking on several regulatory and supervisory reforms
RBA ready to cut rates below record-low 1% – minutes
On August 6, central bank cut its growth projections on higher international trade tensions
Trump attacks ‘horrendous lack of vision’ by Powell
President calls for return to crisis-era policies and acknowledges strong dollar is harming other economies
The roots of the new gold fever
The end of the Central Bank Gold Agreement could herald the return of gold as a key reserve asset