Central Banking
RBNZ takes further steps to improve regulation and oversight
Regulators’ new “vision” incorporates climate change and social inclusion
The Fed’s trade policy dilemma
FOMC should loosen, but members must speak out more forcefully against tariffs, writes Barry Eichengreen
Firms must prepare for reference rate transition – ECB working group
New €STR rate will be recalculated on same day if major errors are detected, report says
Bundesbank sees risk of recession in Q3
Economic report paints bleak picture as eurozone inflation continues slide
PBoC reforms rates mechanism in bid to cut funding costs
Loan prime rate will replace existing benchmark lending rates
Market-based metrics are best signal for bank distress – IMF paper
Researcher finds vulnerabilities in large eurozone banks, while North America is least distressed region
Bank of Portugal paper assesses unconventional policy
Forward guidance and asset purchases had significant effects on equities markets – researchers
RBI to harmonise ‘liquidity norms’ between banks and non-banks – Das
Governor says non-banks have not always maintained good risk management practices
Carney warns Germany and France of Brexit derivatives cliff edge
Bank of England governor says it is in the “interest” of EU countries to ensure the full viability of financial contacts ahead of Brexit
Inflation target uncertainty magnifies price shocks’ impact- BoI paper
Researchers investigate effects of central banks failing to pefectly follow targets
Shale oil boom has not shifted global supply- ECB paper
Global oil supply appears to be “rather vertical” at all times, researchers find
ECB shuts down Latvian bank involved in Rimšēvičs affair
Small lender's owner accused central bank governor of extortion and sued regulatory authorities
ECB website stays down after hacking attack
Hackers reportedly put illegal “phishing” software on BIRD website, which is operated by third party
IMF staff praise Dominican Republic’s central bank
Policy changes increased central bank’s credibility in anchoring inflation expectations, IMF staff say
Mexico cuts rates for first time in five years
Economy has had weakest first-half growth in six years, Dallas Fed reports
PBoC goes back to open market operations
Official figures show sharp drop in new loans extended by Chinese banks in July
RBNZ publishes debt-to-income dataset
Data provides insight into how households might react to a financial shock, central bank says
Nigerian president tells central bank to stop funding food imports
Consequences of Buhari’s order are unclear but Nigeria imports large quantities of food
Trump criticises ‘clueless Jay Powell’ as markets plunge
US equity markets face sell off and 30-year treasuries dip below 2% for first time
‘Animal spirits’ are real, DNB paper says
Researchers analyse data on household spending and consumer confidence
China will need more stimulus if trade tensions rise – IMF staff
IMF staff say China’s financial system still has “elevated” vulnerability
Brazilian central bank will sell dollars outright for first time since 2009
Central bank says it remains committed to floating currency regime
Fed paper looks at negative rates’ impact on eurozone banks
Effects of policy rate cuts on equity change past the zero lower bound, researchers say
Bank of Finland paper studies impact of China’s credit channel
Monetary policy’s effects on credit have significant impacts on economic activity, researchers say